Dallas, TX / CRWE PRESS RELEASE / Dec. 9, 2021 - According to the recent study the zinc market is projected to reach an estimated $17.3 billion by 2025 from $14.9 billion in 2019, at a CAGR of 2.5% from 2020 to 2025. Growth in this market is primarily driven by the 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 167 figures / charts and 135 tables in this 251 -page report to understand trends, opportunities and forecast in zinc market by 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 pyro metallurgical), 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).

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“Galvanizing steel market is expected to remain the largest segment during the forecast period.”

Based on application, the zinc market is segmented into galvanizing, zinc base alloy, brass and bronze, zinc compounds, zinc semis, and others. Lucintel forecasts that the galvanizing market is expected to 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, the rocker cover segment is expected to remain the largest application”

Based on end use industry, the construction and infrastructure segment is expected to witness the largest growth 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 dominate the zinc market in near future”

Asia Pacific is expected to be 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.

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Major players of zinc market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market.  Glencore International AG, Nyrstar N.V., Hindustan Zinc ltd., Korea Zinc Co., ltd., Boliden Group, China Minmetals Corp. ltd are among the major zinc providers.

This unique 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