Zinc Market - Growth, Trends, COVID-19 Impact, and Forecasts (2025 - 2030)

The Zinc Market Report is Segmented by Application (galvanizing, Die Casting, Brass, Oxide and Chemicals, and Other Applications), End-User Industry (Construction, Transportation, Consumer Goods, Electrical and Electronics, and Other End-User Industries), and Geography (Asia-Pacific, North America, Europe, South America, the Middle East, and Africa). The Report Offers Market Sizes and Forecasts for the Zinc Market in Volume (tons) for all the Above Segments.

Zinc Market - Growth, Trends, COVID-19 Impact, and Forecasts (2025 - 2030)

Zinc Market Size

Zinc Market Summary
Study Period 2019 - 2030
Market Volume (2025) 13.78 Million tons
Market Volume (2030) 14.85 Million tons
CAGR 1.50 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration High

Major Players

Zinc Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Zinc Market with other markets in Chemicals & Materials Industry

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Zinc Market Analysis

The Zinc Market size is estimated at 13.78 million tons in 2025, and is expected to reach 14.85 million tons by 2030, at a CAGR of greater than 1.5% during the forecast period (2025-2030).

The COVID-19 pandemic disrupted the global zinc market, resulting in a reduction in supply due to mine closures and transportation restrictions, as well as a decline in demand from various sectors. This resulted in price fluctuations for zinc. Nonetheless, the market rebounded in 2021 due to an increase in demand from the construction and electronics industries.

Demand from the electronics and construction industries and increasing usage in the automotive industry drive the zinc market in the short term.

Environmental regulations and competition from other metals, however, might limit market expansion in the future.

Growing demand for zinc in Zinc-based batteries and rising urbanization and industrialization are expected to provide opportunities for future market growth.

Asia-Pacific dominated the market worldwide, with the most significant consumption coming from countries such as China, India, and Japan.

Zinc Industry Overview

The zinc market is consolidated in nature, with a few major players dominating a significant portion of the market. Some of the major companies (not in any particular order) are Glencore, Nyrstar, Hindustan Zinc, Teck Resources Limited, and Boliden Group.

Zinc Market Leaders

  1. Glencore

  2. Nyrstar

  3. Hindustan Zinc

  4. Boliden Group

  5. Teck Resources Limited

  6. *Disclaimer: Major Players sorted in no particular order
Zinc Market Concentration
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Zinc Market News

  • April 2022: Nyrstar Australia announced intentions to invest USD 285 million in the construction of a new electrolysis facility at its Hobart Zinc Works operations in Tasmania.
  • September 2022: Agnico Eagle Mines agreed to purchase a 50% stake in Minas de San Nicolás (MSN), a wholly-owned subsidiary of Teck Resources that owns the San Nicolás copper-zinc development project in Zacatecas, Mexico.

Zinc Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Growing Demand From the Construction and Electronics Industry
    • 4.1.2 Increasing Usage in the Automotive Industry
  • 4.2 Restraints
    • 4.2.1 Stringent Environmental Regulations
    • 4.2.2 Presence of Substitute Metals
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market Size in Volume)

  • 5.1 Application
    • 5.1.1 Galvanizing
    • 5.1.2 Die casting
    • 5.1.3 Brass
    • 5.1.4 Oxide & chemicals
    • 5.1.5 Other Applications
  • 5.2 End-user Industry
    • 5.2.1 Construction
    • 5.2.2 Transportation
    • 5.2.3 Consumer Goods
    • 5.2.4 Electrical and Electronics
    • 5.2.5 Other End-user Industries
  • 5.3 Geography
    • 5.3.1 Asia-Pacific
    • 5.3.1.1 China
    • 5.3.1.2 India
    • 5.3.1.3 Indonesia
    • 5.3.1.4 Japan
    • 5.3.1.5 Malaysia
    • 5.3.1.6 South Korea
    • 5.3.1.7 Thailand
    • 5.3.1.8 Vietnam
    • 5.3.1.9 Rest of Asia-Pacific
    • 5.3.2 North America
    • 5.3.2.1 United States
    • 5.3.2.2 Canada
    • 5.3.2.3 Mexico
    • 5.3.3 Europe
    • 5.3.3.1 France
    • 5.3.3.2 Germany
    • 5.3.3.3 Italy
    • 5.3.3.4 NORDIC
    • 5.3.3.5 Russia
    • 5.3.3.6 Spain
    • 5.3.3.7 Turkey
    • 5.3.3.8 United Kingdom
    • 5.3.3.9 Rest of the Europe
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Colombia
    • 5.3.4.4 Rest of South America
    • 5.3.5 Middle-East and Africa
    • 5.3.5.1 Egypt
    • 5.3.5.2 Nigeria
    • 5.3.5.3 Qatar
    • 5.3.5.4 Saudi Arabia
    • 5.3.5.5 South Africa
    • 5.3.5.6 UAE
    • 5.3.5.7 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers, Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%)/Ranking Analysis**
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 Boliden Group
    • 6.4.2 Glencore
    • 6.4.3 Grupo Mexico
    • 6.4.4 Hindustan Zinc
    • 6.4.5 KOREAZINC
    • 6.4.6 MMG Australia Limited
    • 6.4.7 Nyrstar
    • 6.4.8 Teck Resources Limited
    • 6.4.9 Vedanta Resources Limited
    • 6.4.10 Volcan
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Growing demand for zinc based batteries
  • 7.2 Rising Urbanization and Industrialization
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Zinc Industry Segmentation

Zinc is a bluish-white metal that is brittle at room temperature but becomes malleable when heated. Zinc is found in nature as a mineral in the Earth's crust, and it is commonly used as a coating for iron and steel to protect against corrosion.

The zinc market is segmented by application, end-user industry, and geography (Asia-Pacific, North America, Europe, South America, the Middle East, and Africa). By application, the market is segmented into galvanizing, die casting, brass, oxide & chemicals, and other applications. By end-user industry, the market is segmented into construction, transportation, consumer goods, electrical and electronics, and other end-user industries. The report also covers the market size and forecasts for the zinc market in 28 countries across major regions.

For each segment, market sizing and forecasts have been done on the basis of volume (tons).

Application Galvanizing
Die casting
Brass
Oxide & chemicals
Other Applications
End-user Industry Construction
Transportation
Consumer Goods
Electrical and Electronics
Other End-user Industries
Geography Asia-Pacific China
India
Indonesia
Japan
Malaysia
South Korea
Thailand
Vietnam
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe France
Germany
Italy
NORDIC
Russia
Spain
Turkey
United Kingdom
Rest of the Europe
South America Brazil
Argentina
Colombia
Rest of South America
Middle-East and Africa Egypt
Nigeria
Qatar
Saudi Arabia
South Africa
UAE
Rest of Middle-East and Africa
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Zinc Market Research FAQs

How big is the Zinc Market?

The Zinc Market size is expected to reach 13.78 million tons in 2025 and grow at a CAGR of greater than 1.5% to reach 14.85 million tons by 2030.

What is the current Zinc Market size?

In 2025, the Zinc Market size is expected to reach 13.78 million tons.

Who are the key players in Zinc Market?

Glencore, Nyrstar, Hindustan Zinc, Boliden Group and Teck Resources Limited are the major companies operating in the Zinc Market.

Which is the fastest growing region in Zinc Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Zinc Market?

In 2025, the Asia-Pacific accounts for the largest market share in Zinc Market.

What years does this Zinc Market cover, and what was the market size in 2024?

In 2024, the Zinc Market size was estimated at 13.57 million tons. The report covers the Zinc Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Zinc Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Zinc Industry Report

Statistics for the 2025 Zinc market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Zinc analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.