Growing demand for electroplating and coating applications, increasing adoption in automotive and transportation sectors

Global Zinc Market

Dublin, July 15, 2024 (GLOBE NEWSWIRE) — The report “Zinc – Global Strategic Business Report” has been added to Research & Marketing.com offering.

The global zinc market is estimated to reach 18.4 Mt in 2023 and is expected to reach 21.7 Mt by 2030, growing at a CAGR of 2.4% between 2023 and 2030. This comprehensive report provides in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Technological advances and innovations in zinc recycling are setting new trends in the market. 100% recyclability of zinc supports the shift towards sustainable and environmentally friendly practices, aligning with global trends towards green growth. Recycling not only helps to meet zinc demand more sustainably, but also reduces the environmental impact associated with zinc mining and processing. Improving the efficiency of recycling processes ensures that more zinc is recovered from end-of-life products.

Moreover, as the circular economy gains ground globally, the importance of recycling metals, including zinc, is increasingly recognized. This not only supports environmental sustainability efforts but also stabilizes supply chains by reducing dependence on mined zinc, thus playing a key role in the overall growth of the zinc market.

The most important information:

• Market Growth: Understand the significant growth trajectory of the galvanizing application segment, which is expected to reach 10.9 Mt by 2030 at a compound annual growth rate (CAGR) of 2.6%. The pressure die casting application segment is also expected to grow at 2.3% CAGR during the period under review.

• Regional Analysis: Gain insights into the US market, estimated to reach 5.0 million tonnes in 2023, and China, which is forecast to grow at an impressive 3.1% CAGR to reach 3.9 million tonnes by 2030. Discover growth trends in other key regions including Japan, Canada, Germany and Asia Pacific.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in millions of US dollars for 2023-2030.

• Detailed regional analysis: Detailed information on key markets including the United States, China, Japan, Canada, Europe, Asia Pacific, Latin America, the Middle East and Africa.

• Company Profiles: Overview of major players such as BASF SE, Belmont Metals, Inc., Eckart GmbH and others.

• Free updates: Receive one year of free report updates to keep you up to date with the latest market developments.

Key Features:

MARKET OVERVIEW

The story continues

• Insight into the influencer market

• Trajectories of global markets

• Zinc – Global Key Competitors, Percentage Market Share 2024 (E)

• Competitive Market Presence – Strong/Active/Niche/Simple for Global Gamers in 2024 (E)

• Global Economic Update

MARKET TRENDS AND DRIVERS

• Growing demand for zinc in galvanizing and coating applications

• Development of the construction and infrastructure industry

• Advances in Zinc Extraction and Processing Technologies

• Growing zinc adoption in automotive and transportation sectors

• Expanding zinc applications in renewable energy sources and batteries

• Development of high purity and specialized zinc alloys

• The impact of technological innovations on zinc production efficiency

• Development of zinc recycling and circular economy initiatives

FOCUS ON SELECTED PLAYERS (Total 168 distinguished)

• BASF SE

• Belmont Metals, Inc.

• Eckart GmbH

• Glencore International AG

• Hindustan Zinc

• Korea Zinc Co., Ltd.

• Lanxess Corporation

• Mitsubishi Materials Corporation

• Nyrstar NV

• Sakai Chemical Industry Co., Ltd.

• Teck Ltd Resources

• Umicore NV/SA

• Vedanta PLC Resources

For more information on this report, please visit https://www.researchandmarkets.com/r/1vckdo

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