The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The zinc market size has demonstrated robust growth, increasing from $27 billion in 2023 to $29.15 billion in 2024, with a compound annual growth rate (CAGR) of 8.0%.  This growth in the historical period is attributed to the rising galvanization in construction, the increasing automotive industry, demand for batteries and alloys, healthcare and pharmaceuticals, as well as metal coatings and protection. Moving into the next few years, the zinc market is expected to sustain strong growth, reaching a size of $38.87 billion in 2028 with a forecasted CAGR of 7.5%.  The growth in the forecast period is attributed to the rising infrastructure and construction activities, renewable energy storage, the adoption of electric vehicles (EVs) and transportation, health and wellness trends, and the global economic recovery. Key trends in this forecast period include a focus on zinc as a dietary supplement, market expansion in developing regions, zinc alloy applications in manufacturing, initiatives for zinc recycling, and the incorporation of zinc in health and wellness products.

The Zinc market is experiencing growth attributed to the burgeoning heavy industries in developing nations such as China and Peru, driven by their increasing populations and infrastructural developments. Zinc finds its primary application in the galvanizing process, offering protection against rust for iron and steel. The rising population in countries like China is particularly noteworthy, with statistics from June 2022, sourced from Worldometer, indicating a population of 1,450,341,718 in China alone. This population growth contributes significantly to the demand for zinc, especially in industries where it is a vital component. Therefore, the growth of the Zinc market is intricately linked to the demographic shifts and industrial expansions in emerging economies. Additionally, the market size in 2028 underscores the sustained demand and growth potential in the Zinc market, driven by ongoing industrialization efforts and infrastructure development initiatives in developing regions.

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What Are The Key Trends That Influence Zinc Market Share Analysis?

Major companies operating in the zinc market are concentrating their focus on developing innovative solutions such as zinc-based battery technology. Zinc-based battery technology refers to the development and utilization of batteries that incorporate zinc as a key component in their construction and electrochemical processes. For instance, in January 2022, Imprint Energy Inc., a US-based zinc-battery manufacturing company, launched the ‘ZinCore’ zinc-based battery technology. ZinCore battery technology enhances portable power capabilities, opening new possibilities in advanced IoT product design and mobile connectivity. ZinCore batteries offer 10 times more power in the same volume than Imprint’s previous ZincPoly battery, meeting 5G radio demands with extended temperature ranges.

Which Market Players Are Driving Growth In The Zinc Market?

Major companies operating in the zinc market report are Glencore plc, BASF SE, Jiangxi Copper Corporation, Aluminum Corporation of China, Hechi Jinchuan Group Co. Ltd., Zijin Mining Group Co. Ltd., Tongling Nonferrous Metals Group Holding Co. Ltd., Vedanta Resources plc, Teck Resources Limited, DuPont de Nemours Inc., Boliden AB, Korea Zinc Company Ltd., Poland Copper Group, Hindustan Zinc Limited, Umicore SA, Kaz Minerals plc, Tronox Limited, Chihong Zinc & Cadmium Co. Ltd., Hudbay Minerals Inc., Ferro Corporation GmbH, Jinchuan Group, Fuzhou Xianglu Enterprise Group Co. Ltd., Shuangma Group, Dundee Precious Metals Inc., Yunnan Yunxi Zinc Industry Group Co. Ltd., MMG Limited, Tevali Mining, China Nonferrous Metal Corporation, Nyrstar NV, Hunan Nonferrous Metals Corporation, Newmont Corporation, Ivanhoe Mines Limited

How Is The Global Zinc Market Segmented?

The zinc market covered in this report is segmented –

1) By Type: Construction, Transport, Consumer Goods, Electrical Appliances, and General Engineering
2) By Mining Type: Underground Mining, Surface Mining

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The Zinc Global Market Report 2024 provides an overview of the zincmarket 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 and their market positions.

The Table Of Content For The Zinc Market Include

1. Zinc Market Executive Summary
2. Zinc Market Segments
3. Zinc Market Size And Template Market Growth Rate
4.  Key Zinc Market Trends
5. Major Zinc Market Drivers
……
25. Key Mergers And Acquisitions In The Zinc Market
26. Top Zinc Companies
27. Zinc Market Opportunities And Strategies
28. Zinc Market, Conclusions And Recommendations
29. Appendix

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