Dublin, July 15, 2024 (GLOBE NEWSWIRE) -- The "Zinc - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Zinc is estimated at 18.4 Million Tons in 2023 and is projected to reach 21.7 Million Tons by 2030, growing at a CAGR of 2.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. 
Technological advancements and innovations in zinc recycling are setting new trends in the market. Zinc`s 100% recyclability supports shift towards sustainable and environmentally friendly practices, aligning with global trends towards green growth. Recycling not only helps in meeting the zinc demand more sustainably but also reduces the environmental impact associated with zinc mining and processing. The efficiency improvements in the recycling processes ensure that a greater proportion of zinc is reclaimed from end-of-life products.
Additionally, as the circular economy gains traction globally, the importance of metal recycling, including zinc, is increasingly recognized. This not only supports environmental sustainability efforts but also stabilizes supply chains by reducing dependency on mined zinc, thus playing a crucial role in the overall market growth of zinc.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Galvanizing Application segment, which is expected to reach 10.9 Million Tons by 2030 with a CAGR of a 2.6%. The Die casting Application segment is also set to grow at 2.3% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at 5.0 Million Tons in 2023, and China, forecasted to grow at an impressive 3.1% CAGR to reach 3.9 Million Tons by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as BASF SE, Belmont Metals, Inc., Eckart GmbH, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 246 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value in 2023 | 18.4 Million Tons |
| Forecasted Market Value by 2030 | 21.7 Million Tons |
| Compound Annual Growth Rate | 2.4% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Zinc - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- Global Economic Update
MARKET TRENDS & DRIVERS
- Increasing Demand for Zinc in Galvanization and Coating Applications
- Growth of the Construction and Infrastructure Industry
- Advancements in Zinc Extraction and Processing Technologies
- Rising Adoption of Zinc in Automotive and Transportation Sector
- Expansion of Zinc Applications in Renewable Energy and Batteries
- Development of High-Purity and Specialty Zinc Alloys
- Influence of Technological Innovations on Zinc Production Efficiency
- Growth of Zinc Recycling and Circular Economy Initiatives
FOCUS ON SELECT PLAYERS (Total 168 Featured)
- BASF SE
- Belmont Metals, Inc.
- Eckart GmbH
- Glencore International AG
- Hindustan Zinc
- Korea Zinc Co., Ltd.
- Lanxess Corporation
- Mitsubishi Materials Corporation
- Nyrstar NV
- Sakai Chemical Industry Co., Ltd.
- Teck Resources Ltd.
- Umicore NV/SA
- Vedanta Resources PLC
For more information about this report visit https://www.researchandmarkets.com/r/1vckdo
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