Global Zinc Market Overview
Global Zinc Market is expected to register growth over the coming years due to the rising demand for galvanized steel. The growing demand for Galvanized steel in construction, automobile, infrastructure and transportation, consumer goods, and other industrial applications are the growth drivers of the global zinc market. Large scale and growing demand from the rubber industry for the vulcanization of rubber and production of tires are the driving factors of the global zinc market. The growing market for zinc from developing regions is the main reason behind triggering the growth of the global zinc market. The recent outbreak of the COVID-19 pandemic have a direct impact on the dynamics of the zinc market are the growing usage of hot-dip galvanizing in automotive for progressive high strength steel with brilliant surface quality and a surge in the use of zinc-air batteries in vehicles and also used in medicine for the treatment of depressions. Due to the increased workload and the stressed environment in urban areas, people are getting depressed, leading to increased demand for depression medicine and psychosis. In the 21st century, electric vehicles are in great demand and the need of the hour which leads to indirect demand for zinc in the market.
According to 6Wresearch, the Global Zinc Market size is anticipated to register growth during 2020-26. At present, Global is expected to remain the largest region and it is expected to witness the highest growth over the forecast period, supported by increasing urbanization and industrialization and building and construction activities in the region, especially in Latin America and North America. Further regions like North America and Latin America are top among the top contributors to the global zinc market and the vital reason behind this is increasing revenue and rapid urbanization and infrastructural expansion across numerous verticals in these regions. The Asia- Pacific region is expected to come up as a lucrative global zinc market during the forecast period primarily due to rapidly rising construction activities and transportation facilities day by day.
The Global zinc market report thoroughly covers the market by End-users, Applications, and key regions including the Global, Latin America, Middle East, Europe, North America, and Africa. The Global zinc market outlook report provides an unbiased and detailed analysis of the ongoing Global zinc market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Key Highlights of the Reports:
- Global Zinc Market Outlook
- Global Zinc Market Overview
- Global Zinc Market Trends
- Global Zinc Market Forecast
- Industry Life Cycle
- Porter’s Five Force Analysis
- Market Drivers and Restraints
- Market Opportunity Assessment
- Global Zinc Market Share, By Players
- Competitive Benchmarking
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