Zinc Market Report 2025

The zinc market size has grown strongly in recent years. It will grow from $28.82 billion in 2024 to $31.15 billion in 2025 at a compound annual growth rate (CAGR) of 8.1%. 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 $41.76 billion in 2029 at a compound annual growth rate (CAGR) of 7.6%. 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 Zinc market is experiencing growth, driven by the expansion of various heavy industries in developing nations such as China and Peru, attributed to population growth and infrastructure development. The primary application of zinc lies in the galvanizing process, providing protection against rust for iron and steel. For example, as of June 2022, China's population has reached 1,450,341,718, and this demographic surge is a key factor fueling the growth of the Zinc market.

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.

Major companies are directing their efforts toward innovative solutions, notably zinc-based battery technology. This technology involves the incorporation of zinc as a key component in batteries' construction and electrochemical processes. Imprint Energy Inc., a US-based zinc-battery manufacturing company, introduced 'ZinCore' zinc-based battery technology in January 2022. ZinCore batteries offer enhanced portable power capabilities, catering to advanced IoT product design and mobile connectivity with 10 times more power in the same volume compared to Imprint's previous ZincPoly battery.

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 include Glencore plc, Jiangxi Copper Corporation, Hechi Jinchuan Group Co. Ltd., Zijin Mining Group Co. Ltd., Tongling Nonferrous Metals Group Holding Co. Ltd., Vedanta Resources plc, Teck Resources Limited, Boliden AB, Korea Zinc Company Ltd., Hindustan Zinc Limited, Kaz Minerals plc, Boliden AB, Chihong Zinc & Cadmium Co. Ltd., Hudbay Minerals Inc., Jinchuan Group, Yunnan Yunxi Zinc Industry Group Co. Ltd., MMG Limited, Tevali Mining, China Nonferrous Metal Corporation, Nyrstar NV, Hunan Nonferrous Metals Corporation, Ivanhoe Mines Limited.

Asia-Pacific was the largest region in the zinc market in 2024. The regions covered in the zinc market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the zinc market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

Zinc mining refers to the extraction of zinc from the ground in its mineral forms through mining operations. A facility that predominantly extracts zinc minerals from ore is termed a zinc mine. It is common for zinc ores to contain co-products such as lead and silver minerals.

The primary types of zinc applications are categorized as construction, transportation, consumer goods, electrical appliances, and general engineering. In the context of mining, construction refers to the act or result of construing, interpreting, or explaining. The mining methods employed for zinc extraction encompass both underground mining and surface mining.

The zinc market research report is one of a series of new reports that provides zinc market statistics, including zinc industry global market size, regional shares, competitors with a zinc market share, detailed zinc market segments, market trends and opportunities, and any further data you may need to thrive in the zinc industry. This zinc market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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.

This product will be delivered within 3-5 business days.