by The global Zinc Dust Market is estimated to be valued at US$ 369.15 Bn or Mn in 2023 and is expected to exhibit a CAGR of 6.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Zinc dust is an important industrial raw material used for manufacturing galvanization in automotive parts, machinery, and agriculture. It also provides corrosion resistance and is used in welding, batteries, and zinc-based alloys for its anti-oxidation properties.
Market key trends:
One of the key trends driving the growth of the zinc dust market is its increasing usage in manufacturing of zinc-based alloys. Zinc dust acts as an effective reducing agent and is used in large amounts during the production of zinc-based alloys such as brass, bronze and other die casting alloys. Zinc-containing alloys exhibit high strength, durability and corrosion resistance which makes them suitable for applications in automotive and machinery industries. Rapid industrialization and growth of the automotive sector globally is expected to augment the demand for zinc alloys, thereby propelling the zinc dust market during the forecast period.
SWOT Analysis:
- Strength: Zinc dust is an important raw material for manufacturing of zinc-based chemicals, alloys and zinc oxide. It also finds wide application as agrochemicals which boost the demand.
- Weakness: Fluctuating supply and prices of zinc concentrates and other raw materials affects the production costs of zinc dust. Stringent environmental regulations regarding emissions also adds to production challenges.
- Opportunity: Growing infrastructure development and increasing galvanization activities will drive the demand for zinc coatings that use zinc dust. Expanding end-use industries like chemical, agriculture also present new opportunities.
- Threats: Rising environmental concerns and stringent regulations related to mining activities. Competition from substitutes like zinc oxides also impacts the market.
Key Takeaways:
The Global Zinc Dust Market Growth is expected to witness high, exhibiting CAGR of 6.0% over the forecast period, due to increasing demand from agrochemicals sector. Zinc dust plays a vital role in manufacturing fungicides and fertilizers used extensively in farming.
The Asia Pacific region currently dominates the zinc dust market with more than 35% share globally.China, India, Japan and South Korea are the major consumers in the region driven by expanding manufacturing and construction industries. North America and Europe also offer lucrative growth opportunities for zinc dust manufacturers due to growing emphasis on steel galvanization for infrastructure development projects.
Key players operating in the zinc dust market are EverZinc, S. Zinc, Numinor Chemical Industries Ltd., Hanchang, Silox India Private Limited, Metal Powder Company Limited (MEPCO), Toho Zinc Co., Ltd., Hakusui Tech Co., Ltd., Pars Zinc Dust Manufacturing Co. (PZD), and Jiangsu Shenlong Zinc Industry Co., Ltd.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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