The Zinc Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Zinc Global Market Report 2024, The zinc market size has grown strongly in recent years. It will grow from $27 billion in 2023 to $29.15 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. 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 $38.87 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. 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.
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.
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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
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.
The zinc market report table of contents includes:
1. Executive Summary
2. Zinc Market Characteristics
3. Zinc Product/Service Analysis -Product/Service Examples
4. Zinc Market Trends And Strategies
5. Zinc Market – Macro Economic Scenario
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26. Germany Zinc Market
27. France Zinc Market
28. Italy Zinc Market
29. Spain Zinc Market
30. Austria Zinc Market
Top Major Players:
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