This market research report includes a detailed segmentation of the global zinc market by application (galvanizing, alloys and casting, and zinc oxide and others) and by end-use application (construction, automobile, consumer durable, and engineering and others). It also outlines the market shares for key regions like APAC, Europe, Americas, and ROW. The leading vendors analyzed in this report are Glencore, Nyrstar Korea Zinc, Hindustan Zinc, Votorantim, Boliden, and Teck Resources.
Technavio’s market research analysts estimate the global zinc market, to grow at a CAGR of around 4% between 2016 and 2020. Rapid infrastructure development in emerging countries such as India, Brazil, and Indonesia is one of the primary reason for the growing demand for zinc. The global demand for galvanized steel is increasing owing to its benefits in industrial applications like construction materials, automobiles, and electrical appliances. APAC accounts for 65% of the global zinc market, owing to the growing activities in industries such as automobile, consumer durables, and construction.
The new market research report from Technavio provides a breakdown and analysis of the zinc segments by technology.
“Of late, the market is witnessing huge demand for zinc fertilizers. Recently, it has been observed that zinc deficiency is common in soil types that are low in organic matter. Therefore, to increase the production capacity of such soil types, it has become imperative for manufacturers to develop cost-effective solutions to control zinc deficiency. Since zinc fertilizers help to control this deficiency, their augmented utilization by farmers to increase the production of cereals will result in market growth during the predicted period,” Chandrakumar BJG, Lead Analyst, Chemicals & Materials, Technavio Research.
In terms of application, the galvanizing segment currently accounts for approximately 49% of the total market share. Much of this segment’s growth can be attributed to the growing demand for galvanized products in the automotive and construction industries. In the automotive industry, galvanized products are used to manufacture the interior and exterior body parts of vehicles.
The leading vendors in the global zinc market include Glencore, Nyrstar Korea Zinc, Hindustan Zinc, Votorantim, Boliden, and Teck Resources. Globally, the largest zinc producers are companies with integrated mining and refining operations. These companies process ores sourced from their mines, in addition to ores procured from independent mines. Australia is currently the largest exporter of these ores, accounting for approximately 3 million tons. Major mines in Australia include the Century mine operated by MMG, the McArthur River Mine, and the Mount Isa Mine, which is operated by Glencore.
A more detailed analysis is available in the Technavio report, Global Zinc Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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