About Metal Zinc
Most zinc is used to galvanize other metals, such as iron, to inhibit rusting. Galvanized steel is used for car bodies, street lamp posts, safety barriers as well as suspension bridges. Large capacities of zinc are used to produce die-castings, which are significant in automobile, electrical, and hardware productions. The global zinc mine production in 2019 was projected to be 12.9 million tonnes. The major producers were China (34%), Peru (11%), Australia (10%), United States (6.1%), India (5.5%), and Mexico (5.4%), with Australia having the prime reserves. The Zinc sulfide is used in making luminous paints, fluorescent lights and x-ray screens is acts as the driver of the zinc metal market in the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that European Vendors will contribute the maximum growth to Global Metal 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.
Glencore (Switzerland), Teck Resources (Canada), Hindustan Zinc (India), Nyrstar (Belgium), Votorantim (Brazil), Boliden (Sweden), China Minmetals (China), Goldcorp (Canada), Huludao Zinc Industry (China) and Korea Zinc (South Korea) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Mitsui Mining & Smelting (Japan) and Volcan Compania Minera (Peru).
Segmentation Overview
AMA Research has segmented the market of Global Metal Zinc market by Type (Zinc and Zinc Alloys), Application (Galvanizing, Die casting, Brass and bronze and Others) and Region.
On the basis of geography, the market of Metal 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). Asia Pacific region held largest market share in the year 2023. If we see Market by Sales Channel, the sub-segment i.e. Online Sales Channel will boost the Metal Zinc market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Construction will boost the Metal Zinc market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The upsurging demand for the zinc metal for the Automobile Industries and The surging demand for zinc oxide for use in paints, rubber
Market Growth Drivers:
The high demand for the Galvanizing applications and The increasing demand for Zinc Alloys across the world
Challenges:
Pure zinc is relatively weak and brittle, limiting its structural applications. This necessitates alloying with other metals to improve mechanical properties.
Restraints:
The concern related to the health issues related to the zinc
Opportunities:
The Increasing demand for zinc metal from the developing countries and The rising demand for the Die casting
Market Leaders and their expansionary development strategies
In September 2022L Agnico Eagle Mines has acquired Minas de San Nicolás (MSN), a wholly-owned subsidiary of Teck Resources that owns the San Nicolás copper-zinc development project in Zacatecas, Mexico.
In November 2020, Tata Steel has launched a new coated product brand named ‘Galvanova,’ a 55% Aluminium-Zinc alloy coated product, to address the evolving and unmet requirements of the Medium and Small Scale Enterprises (MSMEs) - Emerging Corporate Accounts (ECAs).
Zinc substance is registered under the REACH Regulation and is manufactured in and/or imported to the European Economic Area, at ≥ 1 000 000 to < 10 000 000 tonnes per annum. Substances for which classification and labeling data have been notified to ECHA by manufacturers or importers. Such notifications are required for hazardous substances, mixtures, or articles, manufactured or imported at over 1 kg per annum.
Key Target Audience
Metal Zinc Manufacturer, Suppliers, Distributors, Government Regulatory Bodies, Private Research Organizations, Government Research Organizations 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.