What is the present valuation and projected CAGR of the zinc market?
The zinc market size has grown strongly in recent years. It will grow from $28.82 billion in 2024 to $31.15 billion in 2025 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to rising galvanization in construction, rising automotive industry, batteries and alloys, healthcare and pharmaceuticals, metal coatings and protection.
The zinc market size is expected to see strong growth in the next few years. It will grow to $41.76 billion in 2029 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to rising infrastructure and construction, renewable energy storage, electric vehicles (EVs) and transportation, health and wellness trends, global economic recovery. Major trends in the forecast period include focus on zinc as a dietary supplement, market expansion in developing regions, zinc alloy applications in manufacturing, zinc recycling initiatives, zinc in health and wellness products.
Get Your Free Sample of The Global Zinc Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6841&type=smp
What are the key drivers behind the rapid expansion of the zinc market?
The growth in the zinc market is due to an increase in various heavy industries in developing countries such as China and Peru owing to the rising population and infrastructure. Population refers to the whole number of people or inhabitants in a country or region. The primary use of zinc is in the galvanizing process, which protects iron and steel from rusting. For instance, In June 2022, according to Worldometer, a US-based reference website that provides counters and real-time statistics for diverse topics, the current population of China is 1,450,341,718. Therefore, the rising population is driving the growth of the Zinc market.
What is the segmentation for the zinc market?
The zinc market covered in this report is segmented –
1) By Type: Construction, Transport, Consumer Goods, Electrical Appliances, And General Engineering
2) By Mining Type: Underground Mining, Surface Mining
Subsegments:
1) By Construction: Galvanized Steel, Zinc Coatings
2) By Transport: Automotive Components, Aerospace Applications
3) By Consumer Goods: Household Appliances, Zinc-Based Batteries
4) By Electrical Appliances: Wiring And Connectors: Electronic Components
5) By General Engineering: Mechanical Parts, Corrosion Resistance Applications
Order your report now for swift delivery
https://www.thebusinessresearchcompany.com/report/zinc-global-market-report
Who are the most influential companies in the zinc market?
Major companies operating in the zinc market include Glencore plc, Jiangxi Copper Corporation, Hechi Jinchuan Group Co. Ltd., Zijin Mining Group Co. Ltd., Tongling Nonferrous Metals Group Holding Co. Ltd., Vedanta Resources plc, Teck Resources Limited, Boliden AB, Korea Zinc Company Ltd., Hindustan Zinc Limited, Kaz Minerals plc, Boliden AB, Chihong Zinc & Cadmium Co. Ltd., Hudbay Minerals Inc., Jinchuan Group, Yunnan Yunxi Zinc Industry Group Co. Ltd., MMG Limited, Tevali Mining, China Nonferrous Metal Corporation, Nyrstar NV, Hunan Nonferrous Metals Corporation, Ivanhoe Mines Limited
What are the most influential trends expected to drive the zinc market forward?
Major companies operating in the zinc market are concentrating their focus on developing innovative solutions such as zinc-based battery technology. Zinc-based battery technology refers to the development and utilization of batteries that incorporate zinc as a key component in their construction and electrochemical processes. For instance, in January 2022, Imprint Energy Inc., a US-based zinc-battery manufacturing company, launched the ‘ZinCore’ zinc-based battery technology. ZinCore battery technology enhances portable power capabilities, opening new possibilities in advanced IoT product design and mobile connectivity. ZinCore batteries offer 10 times more power in the same volume than Imprint’s previous ZincPoly battery, meeting 5G radio demands with extended temperature ranges.
What are the major regional insights for the zinc market, and which region holds the top position?
The countries covered in the zinc market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
What Does The Zinc Market Report 2025 Offer?
The zinc market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Zinc refers to the method used to remove zinc from the ground through mining in its mineral forms. A mine that primarily produces zinc minerals in ore is known as a zinc mine. Zinc ores frequently contain lead and silver minerals as co-products.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6841
About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
