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 zinc market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $17.3 million by 2025 with a CAGR of 2% to 4% from 2020 to 2025. 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 zinc market.
Browse 135 market data tables and 167 figures spread through 251 pages and in-depth TOC on “Zinc Market"
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In this market, different types of zinc such as galvanizing, zinc base alloy, brass and bronze, zinc compounds, zinc semis, and others are used as application. 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. 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.
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.
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 AG, Nyrstar N.V., Hindustan Zinc ltd., Korea Zinc Co., ltd., Boliden Group, China Minmetals Corp. ltd. are among the major zinc manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the zinc market by end use industry, application, process, sources, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Zinc Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the zinc market by end use industry, application, process, sources, and region as follows:
By End Use Industry [$M shipment analysis from 2014 to 2025]:
Construction & Infrastructure
Transportation
Consumer Goods
Industrial Machinery
Other End Use Industry
By Application [$M shipment analysis from 2014 to 2025]:
Galvanizing
Zinc Base Alloy
Brass & Bronze
Zinc Compound
Zinc Semis
Other Applications
By Process [$M shipment analysis from 2014 to 2025]:
Hydrometallurgical
Pyro metallurgical
By Sources [$M shipment analysis from 2014 to 2025]:
By Region [$M shipment analysis for 2014 to 2025]:
North America
United States
Canada
Mexico
Europe
United Kingdom
Germany
Asia Pacific
Japan
China
The Rest of the World
This 251-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 click on this link https://www.lucintel.com/zinc-market.aspx or helpdesk@lucintel.com.
About Lucintel
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