According to a new market report published by Lucintel, the future of the zinc market looks promising with opportunities in the construction and infrastructure, transportation, consumer goods, and industrial machinery sectors. The global zinc market is expected to reach $45.4 billion in 2024 and it is forecast to grow at a CAGR of 1.9% from 2019 to 2024. The major drivers for this market are increasing demand for galvanized steel and infrastructure development in emerging markets like India, Brazil, and Indonesia. Furthermore, growing demand from niche applications like smartphones, electric vehicles, mild hybrid engines, and power grid storage will drive the global zinc market.
Zinc is use for producing galvanizing steel, zinc base alloy (die casting), brass and bronze, compound, and semis (sheets, rods, and plates) for various end use industries. Lucintel forecasts that galvanizing steel will remain the largest segment and it is expected to witness the highest growth over the forecast period due to growing demand of galvanized steel in construction, automobile, and other industrial sectors.
Within the zinc market, construction and infrastructure will remain the largest end use industry over the forecast period due to increasing urbanization, industrialization, building, and construction activities in China, India, Brazil, Indonesia, and other developing nations. Lucintel predicts that the transportation segment will witness the highest growth over the forecast period supported by rising demand for galvanized steel in light weight vehicles.
Asia Pacific will remain the largest region and it is expected to witness the highest growth over the forecast period supported by increasing urbanization, industrialization, and building and construction activities in this region, especially in China and India.
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing use of hot-dip galvanizing in automotive for advance high strength steels (AHSS) with exceptional surface quality, increase in use of zinc-air batteries in electric vehicles, and use of zinc in medicine for treatment of depression and psychosis. Glencore International, Nyrstar, Hindustan Zinc, Korea Zinc, Boliden Group, China Minmetal, Nexa Resources, Shanxi Non-Ferrous, Teck, Penoles, and Noranda are among the major suppliers of zinc.
Lucintel, the leading global strategic consulting and market research firm, has analyzed growth opportunities in the global zinc market by end use industry, application, source, process, mining location type (production wise), and by region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Zinc Market 2019-2024: Trends, Forecast, and Opportunity Analysis”. This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global zinc market by end use industry, application, source, process, mining location type (production wise), and by region as follows:
By End Use Industry [Volume (KT) and $M shipment analysis for 2013 – 2024]:
• Construction and Infrastructure
• Consumer Goods
• Industrial Machinery
By Application [Volume (KT) and $M shipment analysis for 2013 – 2024]:
• Zinc Base Alloy (Die casting)
• Brass and Bronze
• Zinc Compounds
• Zinc Semis
By Process [Volume (KT) and $M shipment analysis for 2013 – 2024]:
• Hydrometallurgical Process
• Pyrometallurgical Process
By Source [Volume (KT) and $M shipment analysis for 2013 – 2024]:
• Primary (From Mining)
• Secondary (From Recycling)
By Mining Location Type (Production wise) [Volume (KT) and $M shipment analysis for 2018]:
• Open Pit Type
• Combination of Both
By Region [Volume (KT) and $M shipment analysis for 2013 – 2024]:
• North America
Ø United States
Ø United Kingdom
• Asia Pacific
Ø South Korea
• The Rest of the World
Ø Central and South America
Ø Middle East and Africa
This 247-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or [email protected]
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This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the global zinc market end use (construction and infrastructure, transportation, consumer goods, industrial machinery, and others), application (galvanizing, zinc base alloy, brass and bronze, zinc compounds, zinc semis, and others), process (hydrometallurgical and pyrometallurgical), by source (primary and secondary), by mining location type (underground, open pit type, and combination of both), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?