About Zinc-
Zinc is a chemical element with the symbol Zn and atomic number 30. It is a bluish white metal with a low melting point. Zinc popular in many applications for its corrosion resistance. It is also a necessary trace element for proper functioning of the human body and other biological processes. Most zinc used to galvanise other metals, such as iron, to prevent rusting. Galvanised steel is used for car bodies, safety barriers, and suspension bridges. Large quantities of zinc are used to produce die-castings, which are important in the automobile, electrical and hardware industries.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.8% |
Zinc is a fragmented market due to the presence of various players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Zinc- market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Boliden (Sweden), Hindustan Zinc Limited (India), Korea Zinc Company Ltd. (South Korea), Glencore Plc. (Switzerland), Vedanta Resources Limited (United Kingdom), Trevali Mining Corporation (Canada), MMG Limited (Australia), EverZinc (Belgium), Akrochem Corporation (South Africa), Zochem (United States), ZM Silesia (Poland) and Rubamin (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Longli (China), WPC Technology (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Zinc- market by Type (Pure Zinc Metal, Zinc Metal Alloy and Galvanized Zinc Metal), Application (Marine Industry, Rubber, Automotive, Cosmetic, Pharmaceutical, Agriculture, Energy Storage, Electrical & Hardware, Medical Devices and Others) and Region.
On the basis of geography, the market of Zinc- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Powder will boost the Zinc- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The growing focus on renewable energy sources such as solar panels and wind turbines. and Technological advancements in zinc production and extraction methods.
Market Growth Drivers:
Growing demand for zinc oxide in rubber production., Rising use in cosmetics and pharmaceuticals., Increases production of galvanised steel. and Rising utilization of automotive industry.
Challenges:
Limited availability of high quality zinc ore deposits. and Rules and regulation related to environmental standards and mining practices.
Restraints:
Volatility in zinc prices due to factors such as global economic conditions. and Fluctuation in supply and demand affecting market stability.
Opportunities:
Growing importance of zinc in agriculture as a micronutrient for crop health. and Expansion of the construction industry boosting zinc demand for corrosion resistance coatings.
Market Leaders and their expansionary development strategies
In January 2022, Energy Vault and Korea Zinc announced strategic partnership in energy storage including USD 50Million investment. The partnership supports Korea zinc’s strategy to decarbonize their refining and smelting operations focused initially under wholly owned subsidiary.
In January 2024, Piramal pharma launched new concentration of zinc sulfate for injection in the U.S. The launch enable PCC to further expand their existing zinc sulfate injection product line and overall the generic injectable portfolio
Key Target Audience
Provider, Regulatory Bodies, Research and Development and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.