Zinc Market Research Report - Forecast to 2024 Industry Survey, Growth, Competitive Landscape and Forecasts to 2024 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt.) Ltd.)

Zinc Market Research Report- Forecast to 2024 The Global Zinc Market is projected to surpass 1,012 thousand tons in terms of volume during 2019–2024. The demand for zinc is primarily driven by the high demand for corrosion resistance coatings in metals and steels parts used in the automotive and aerospace industries. Zinc is also used for alloying metals such as bronze and brass. In addition, zinc is used as a corrosion resistance material in the buildings and construction industry. The increasing use of steel in construction activities is expected to boost the demand for zinc during the forecast period. Zinc Market - Overview

Zinc Market Research Report- Forecast to 2024 Based on Application, the global market has been segmented into galvanizing, die casting, and others. Galvanizing is the process of dipping steel and metal in molten zinc to produce a corrosion resistant layered coating of zinc-iron alloy and zinc metal. During the process of immersing steel in zinc, a metallurgical reaction occurs between the iron in the steel and the molten zinc, which creates a uniform thickness around the part. Corrosion depreciates buildings, rail track, and bridges, which is costly to repair hence zinc coatings play a significant role in maintaining the strength of steel and metal structures, offering sustainability and longevity, and reducing the maintenance cost. According to the World Steel Association, the global crude steel production reached 1,809.6 million tons in 2018, an increase of 4.59% as compared to Thus, the increasing production of steel is expected to surge the demand for zinc during the forecast period. View Full Press Segmental Analysis

Zinc Market Research Report- Forecast to 2024 Regional Outlook The Asia-Pacific market is expected to exhibit a healthy CAGR during the forecast period owing to the growing electric vehicles industry. The increasing demand for electric vehicles has surged the application of zinc in the body parts. Furthermore, the rise in investment in the aerospace industry has increased the aircraft production capacity, which is consequently expected to boost the demand for zinc coatings in the manufacturing of aircraft. For instance, in December 2018, Boeing established its first 737 finishing plant in China to support the demand in the region. The North American and Europe markets are estimated to witness substantial growth in terms of CAGR due to the expanding aerospace industry in the US, Canada, the UK, and Germany.

Zinc Market Research Report- Forecast to 2024 Major Players in this Research Zinc Market Prominent Players: Korea Zinc Group (Korea) Nyrstar (Switzerland) Glencore Xstrata (Switzerland) Nexa Resources S.A.(Brazil) Boliden (Sweden) Shaanxi Nonferrous Metals (China) Teck (Canada) China Minmetals Corp (China) Old Bridge Chemicals(US) Zochem, Inc (US) Get a Free

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