Zinc Market Report 2026

The zinc market size has grown strongly in recent years. It will grow from $25.32 billion in 2025 to $26.62 billion in 2026 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to expansion of construction steel usage, increasing demand for corrosion-resistant coatings, growth of automotive manufacturing, availability of polymetallic zinc ore deposits, adoption of underground mining techniques.

The zinc market size is expected to see strong growth in the next few years. It will grow to $34.05 billion in 2030 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to increasing demand from electric vehicle components, rising investments in zinc-air battery research, expansion of infrastructure development projects, growing focus on sustainable mining practices, increasing demand for high-purity zinc materials. Major trends in the forecast period include increasing demand for galvanized steel products, rising use of zinc in automotive applications, growing focus on corrosion protection solutions, expansion of zinc-based battery technologies, enhanced mining and smelting efficiency.

The growing construction activities are anticipated to boost the zinc market. These activities encompass the various tasks, processes, and operations involved in constructing structures, infrastructure, or facilities. Zinc serves a vital role in construction as a sacrificial metal, corroding preferentially to steel and thereby protecting it from rust, which can extend its lifespan by several decades. This is especially important for components such as roofing, cladding, gutters, and piping. For example, a report released by Oxford Economics, a UK-based economic information services firm, indicated that the global construction output was $9.7 trillion in 2022, with expectations to rise to $13.9 trillion by 2037. This growth is primarily driven by major markets such as China, the US, and India. Hence, the increase in construction activities is propelling the zinc market.

Strategic partnerships are a prevalent strategy among major players in the zinc market to foster innovation and strengthen market positions. In August 2023, Nevada Zinc Corporation, a Canada-based development stage company, formed a partnership with BelZInc., a Belgium-based high-grade zinc oxide manufacturer. This collaboration enables Nevada Zinc to utilize BelZinc's zinc processing technology to produce high-grade zinc oxide from its Lone Mountain mine, a non-sulfide zinc project situated in the USA.

In November 2023, NSI Industries, a US-based provider of electrical building technology, completed the acquisition of Cast Products Inc. for an undisclosed amount. This acquisition enhances Cast Products Inc.'s standing in the electrical market, being a leading US-based manufacturer of zinc die-casting products.

Major companies operating in the zinc market are Glencore plc, Teck Resources Limited, Hindustan Zinc Limited, Korea Zinc Company Ltd, Nyrstar NV, Boliden AB, Nexa Resources S.A, MMG Limited, Zhongjin Lingnan Nonfemet Company Limited, Trevali Mining Corporation, BHP Group Ltd, Volcan Compania Minera SAA, Sumitomo Metal Mining Co Ltd, China Minmetals Corporation, Industrias Penoles S A de C V, Yunnan Jinding Zinc Co Ltd, Kazzinc plc, South32 Ltd, Tinka Resources Limited, Sherritt International Corporation.

Asia-Pacific was the largest region in the zinc market in 2025. The regions covered in the zinc market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the zinc market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The Zinc market includes revenues earned by entities by protecting iron and steel from rusting. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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