Market Size of Zinc Industry
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 13.58 Million tons |
| Market Volume (2029) | 14.68 Million tons |
| CAGR (2024 - 2029) | > 1.50 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Zinc Market Analysis
The Zinc Market size is estimated at 13.58 Million tons in 2024, and is expected to reach 14.68 Million tons by 2029, growing at a CAGR of greater than 1.5% during the forecast period (2024-2029).
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.
