Download presentation
Presentation is loading. Please wait.
Published byAvinash Gogawale Modified over 5 years ago
1
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.)
2
www.marketresearchfuture.com2 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
3
www.marketresearchfuture.com3 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 2017. Thus, the increasing production of steel is expected to surge the demand for zinc during the forecast period. View Full Press Release @ https://www.marketresearchfuture.com/reports/zinc-market-8003https://www.marketresearchfuture.com/reports/zinc-market-8003 Segmental Analysis
4
www.marketresearchfuture.com4 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.
5
www.marketresearchfuture.com5 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 Sample @ https://www.marketresearchfuture.com/sample_request/8003https://www.marketresearchfuture.com/sample_request/8003
6
www.marketresearchfuture.com6 ABOUT US MARKET RESEARCH FUTURE At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. For more information kindly visit www.marketresearchfuture.com or contact us at info@marketresearchfuture.comwww.marketresearchfuture.cominfo@marketresearchfuture.com Copyright © 2018 Market Research Future All Rights Reserved. This document contains highly confidential information and is the sole property of Market Research Future. No part of it may be circulated, copied, quoted, or otherwise reproduced without the written approval of Market Research Future.
7
www.marketresearchfuture.com7 MARKET RESEARCH FUTURE THANK YOU salesteam@marketresearchfuture.com Ph: +1-646-845-9349 (US) Ph: +44 208 133 9349 (UK)
Similar presentations
© 2024 SlidePlayer.com. Inc.
All rights reserved.