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 reach $45.4 billion in 2024 and it is forecast to grow at a cagr of 1.9% from 2019 to 2024. 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.
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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.
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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 2019-2024: 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 2013 to 2024]:
- Construction & Infrastructure
- Transportation
- Consumer Goods
- Industrial Machinery
- Other End Use Industry
By Application [$M shipment analysis from 2013 to 2024]:
- Galvanizing
- Zinc Base Alloy
- Brass & Bronze
- Zinc Compound
- Zinc Semis
- Other Applications
By Process [$M shipment analysis from 2013 to 2024]:
- Hydrometallurgical
- Pyro metallurgical
By Sources [$M shipment analysis from 2013 to 2024]:
- Primary
- Secondary
By Region [$M shipment analysis for 2013 to 2024]:
- North America
– United States
– Canada
– Mexico
- Europe
– United Kingdom
– Germany
- Asia Pacific
– Japan
– China
- The Rest of the World
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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
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for zinc market 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 by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?
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