What is Metal Zinc Market Scope?
Most zinc is used to galvanize other metals, such as iron, to inhibit rusting. Galvanized steel is used for car bodies, street lamp posts, safety barriers as well as suspension bridges. Large capacities of zinc are used to produce die-castings, which are significant in automobile, electrical, and hardware productions. The global zinc mine production in 2019 was projected to be 12.9 million tonnes. The major producers were China (34%), Peru (11%), Australia (10%), United States (6.1%), India (5.5%), and Mexico (5.4%), with Australia having the prime reserves. The Zinc sulfide is used in making luminous paints, fluorescent lights and x-ray screens is acts as the driver of the zinc metal market in the forecasted period.
The Metal Zinc market study is being classified by Type (Zinc and Zinc Alloys), by Application (Galvanizing, Die casting, Brass and bronze and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Vendors from European will contribute to the maximum growth of Global Metal Zinc market throughout the predicted period.
Glencore (Switzerland), Teck Resources (Canada), Hindustan Zinc (India), Nyrstar (Belgium), Votorantim (Brazil), Boliden (Sweden), China Minmetals (China), Goldcorp (Canada), Huludao Zinc Industry (China) and Korea Zinc (South Korea) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Mitsui Mining & Smelting (Japan) and Volcan Compania Minera (Peru).
Analyst at AMA have segmented the market study of Global Metal Zinc market by Type, Application and Region.
On the basis of geography, the market of Metal Zinc has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2020.
Zinc substance is registered under the REACH Regulation and is manufactured in and/or imported to the European Economic Area, at ≥ 1 000 000 to < 10 000 000 tonnes per annum. Substances for which classification and labeling data have been notified to ECHA by manufacturers or importers. Such notifications are required for hazardous substances, mixtures, or articles, manufactured or imported at over 1 kg per annum.
Influencing Market Trend
- The upsurging demand for the zinc metal for the Automobile Industries
- The surging demand for zinc oxide for use in paints, rubber
- The high demand for the Galvanizing applications
- The increasing demand for Zinc Alloys across the world
- The Increasing demand for zinc metal from the developing countries
- The rising demand for the Die casting
- The concern related to the health issues related to the zinc
Key Target AudienceMetal Zinc Manufacturer, Suppliers, Distributors, Government Regulatory Bodies, Private Research Organizations, Government Research Organizations and Others
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To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.
Frequently Asked Questions (FAQ):
1. At what growth rate would the Metal Zinc market expands?
The Global Metal Zinc market is expected to see a growth of % during projected year 2020 to 2026.
2. Who are the prominent players of the Global Metal Zinc market?
The prominent players of Global Metal Zinc market are Glencore (Switzerland), Teck Resources (Canada), Hindustan Zinc (India), Nyrstar (Belgium), Votorantim (Brazil), Boliden (Sweden), China Minmetals (China), Goldcorp (Canada), Huludao Zinc Industry (China) and Korea Zinc (South Korea), to name a few.
3. What are the top priorities to focus for Metal Zinc marketís growth?
In this highly competitive & fast evolving Metal Zinc industry, the top strategic priorities would remain consistent like innovation, R&D and M&A.