Global Zinc Market (2020-2026) | Size, Outlook, Forecast, Growth, Share, Analysis, industry & COVID-19 IMPACT

Latest 2023 Development of the Global Zinc Market

Global Zinc Market is witnessing growing usage in electric vehicles: The growing demand for electric vehicles is expected to drive the demand for zinc, as it is used in the manufacturing of batteries and other components. Additionally, environmental concerns across the globe towards global warming have increased in recent years. Environmental concerns were driving the adoption of sustainable mining practices and the development of recycling technologies for zinc. Further, the global zinc market is dominated by a few major players, which could lead to supply chain disruptions in the event of production outages or geopolitical tensions. Moreover, there were several mergers and acquisitions in the zinc industry, such as Glencore's acquisition of a zinc mine in Peru and Nyrstar acquisition of a zinc plant in Australia. These moves could lead to consolidation in the industry and changes in supply and demand dynamics. These initiatives will further enhance the market size of players.

The global zinc industry is expected to rise in the coming years due to the growing consumption of galvanized steel in construction, automotive, and other industries. Additionally, the COVID-19 pandemic had a significant impact on the zinc market, with supply chain disruptions and reduced demand from some industries. However, demand has recovered as the global economy continued to rebound over the years. Further, the price of zinc is frequently volatile due to factors such as supply disruptions, geopolitical tensions, and changes in global trade policies. Moreover, there were concerns about supply constraints in the zinc market due to mine closures, labour shortages, and other factors. This could lead to higher prices for zinc in the future. In addition, the zinc industry is taking steps to improve its environmental sustainability, such as reducing emissions and improving energy efficiency. This could help to improve the industry's long-term viability.

Global Zinc Market Synopsis

Global Zinc Market is expected to register growth over the coming years due to the rising demand for galvanized steel. The growing demand for Galvanized steel in construction, automobile, infrastructure and transportation, consumer goods, and other industrial applications are the growth drivers of the global zinc market. Large-scale and growing demand from the rubber industry for the vulcanization of rubber and the production of tires are the driving factors of the global zinc market. The growing market for zinc from developing regions is the main reason behind Global Zinc Market Growth. Due to the increased workload and the stressed environment in urban areas, people are getting depressed, leading to increased demand for depression medicine and psychosis. In the 21st century, electric vehicles are in great demand and the need of the hour which leads to indirect demand for zinc in the market.

According to 6Wresearch, the Global Zinc Market size is anticipated to register growth during 2020-2026. Increasing disposable income coupled with rising demand for non-corroded metal is driving the Global Zinc Market Growth. Moreover, surging diseases such as cancer and diabetes are also accelerating the development of the zinc industry. The recent outbreak of the COVID-19 pandemic has had a direct impact on the dynamics of the zinc market are the growing usage of hot-dip galvanizing in automotive for progressive high-strength steel with brilliant surface quality and a surge in the use of zinc-air batteries in vehicles and also used in medicine for the treatment of depressions.

Furthermore, growing demand for niche applications smartphones, electric vehicles mild-hybrid engines, and power grid storage. Supply disruption and an increase in the price of zinc are some of the challenges in the growth of the global zinc market. The zinc market is growing tremendously because of the boost in demand for vehicles and buildings. Due to the massive usage of gadgets between youths and even all of us derives the demand for batteries used in gadgets and other appliances is also a major factor that raises the demand for zinc in the market.

Some of the key players in the Global Zinc Market are Korea Zinc Group (Korea), Nyrstar (Switzerland), Glencore Xstrata (Switzerland), Nexa Resources S.A.(Brazil), Boliden (Sweden), Shaanxi Nonferrous Metals (China), Teck (Canada), China Minmetals Corp (China), Old Bridge Chemicals(US), and Zochem, Inc (US), among others.

Market Analysis by Region

Asia Pacific region is dominating the overall Global Zinc market owing to a large number of companies and the rising health consciousness of the people. 

Key Highlights of The Reports

• Global Zinc Market Outlook
• Global Zinc Market Overview
• Global Zinc Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of Global Zinc Market Revenues until 2026
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By End Users
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Application
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Regions
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Latin America Pencil Cases & Bags Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for North America Pencil Cases & Bags Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Europe Pencil Cases & Bags Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Asia Pacific Pencil Cases & Bags Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for the Middle East and Africa Pencil Cases & Bags Market
• Market Drivers and Restraints
• Global Zinc Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Global Zinc Market Share, By Players
• Competitive Benchmarking

Markets Covered

The report provides a detailed analysis of the following market segments:

By End Users:

• Construction
• Transportation
• Consumer Goods
• Others

By Application:

• Galvanization
• Die Casting
• Brass and Bronze
• Others 

By Regions:

• Latin America
• North America
• Europe
• Asia Pacific
• Middle East and Africa

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