Latest News- Zinc Market: Industrial is expected to lead the Application segment during 2025-2029

The Zinc Market is being driven by Rapid industrialization in emerging economies

The Zinc Market is expected to grow at a CAGR of 2.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 4459.7 million. The global zinc market is witnessing a significant trend with the introduction of innovative, eco-friendly products. Hindustan Zinc, the second-largest integrated zinc producer worldwide, recently launched EcoZen on July 24, 2024. This low-carbon green zinc product is manufactured using renewable energy sources, boasting a carbon footprint that is 75% lower than the industry average. EcoZen, certified as a low-carbon product by a renowned international sustainability firm, delivers high-quality zinc suitable for galvanizing steel, essential for sectors like automotive, construction, infrastructure, and renewable energy. This strategic move by Hindustan Zinc underscores the industry's commitment to innovation and environmental responsibility. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Industrial
  • Human health
  • Others
• End-user
  • Construction
  • Transportation
  • Paints and coatings
  • Electricals and electronics
  • Others
• Product Type
  • Powder
  • Solid metal
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rapid industrialization in emerging economies
• Growth in Infrastructure development
• Automotive industry growth

However, the market also witnesses some limitations, which are as follows:

• Supply chain disruptions have Supply chain disruptions
• Environmental regulations
• Competition from alternative materials

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Market Scope in Zinc Market Research Report

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Research Analysis Overview

The zinc market encompasses various segments including primary zinc production from mining and exploration, and secondary zinc derived from recycling. Zinc smelting and refining are key processes in primary zinc production. The industry's growth is driven by increasing zinc demand from various applications such as zinc-air batteries, zinc-oxide nanoparticles, and zinc-oxide pigments in cosmetics, pharmaceuticals, and paints. Zinc consumption is influenced by zinc's role in zinc-oxide varistors, sensors, and rubber, plastics, ceramics, and coatings. Zinc reserves, production, and supply shape the market outlook, with price and demand being crucial factors. The zinc industry's future looks promising due to its diverse applications and the ongoing trend towards resource efficiency and recycling.

Market Research Overview

The global diversified metals and mining industry encompasses businesses involved in the production or extraction of a range of metals and minerals, including non-ferrous metals such as zinc, lead, nickel, tin, and their alloys. Specifically, zinc market participants produce zinc die casting, zinc alloys, zinc plating, zinc oxide, zinc sulfate, and zinc chloride. These companies contribute significantly to the industry's revenue, with Technavio estimating the global diversified metals and mining market size based on their combined earnings.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/