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An increase in various heavy industries in developing countries such as China and Peru owing to the rising population and infrastructure are expected to drive innovation in zinc manufacturing, thus driving the market during the forecast period.

The global zinc market is expected to grow from $26.64 billion in 2022 to $29.54 billion in 2023 at a compound annual growth rate (CAGR) of 10.9%. The zinc market size is expected to grow from $45.78 billion in 2027 at a CAGR of 11.6%.

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Global Zinc Market Segments Include:

• By Type: Construction, Transport, Consumer Goods, Electrical Appliances, and General Engineering
• By Mining Type: Underground Mining, Surface Mining
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global zinc market in 2021.

Major Market Players in the zinc market include Jinchuan Group, Teck Resources, Nyrstar, Tevali Mining, and Hudbay Minerals.

The use of robots in the Zinc industry is improving productivity and reducing operational costs. Robotics is increasing the mining capabilities by rolling out autonomous trucks and drills, thus reducing the need for a human workforce, as the major trends witnessed in the global Zinc market.

The Zinc Global Market Report 2023  provides a zinc market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The zinc market forecast analyzes zinc market size, zinc market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Zinc refers to the method used to remove zinc from the ground through mining in its mineral forms. A mine that primarily produces zinc minerals in ore is known as a zinc mine. Zinc ores frequently contain lead and silver minerals as co-products.

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