Worldwide Zinc Market Emerging Opportunities to 2020

2024-04-08 07:18:42 Industry

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Zinc Market - Global Industry Expert Opinions Analysis, Emerging Opportunities, Market Size, Share, Growth Drivers, Market Trends, Statistics And Forecast 2015 - 2020

Zinc market is facing a supply surplus affecting the current prices. However, some mines in Canada are expected to exhaust in 2014 and cause a demand supply gap resulting in price rise. New mines are being developed by Canadian Zinc, Donner Metals and Trevali Mining to match supply with demand after shutdown of the exhausting mines. Additionally, Chinese zinc mines are also expected to respond with an increased production to cover-up the demand supply gap and keep the prices low.

Zinc is used for galvanizing steel and brass, die-casting alloy parts as well as nutrition in plants, animals and humans. Based on applications zinc can be segmented into five key segments as galvanizing, die-casting, brass and bronze, chemicals and others. Galvanizing is the largest application segment and expected to drive the market over the forecast period.

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Scope

Zinc can be segmented into five segments based on end-user as construction, transportation, steel, chemicals and others. Steel is the dominant market with major demand from Asia Pacific, especially China. Owing to recovering economies in Europe and North America construction activities are expected to increase, resulting in enhanced zinc demand from construction segment. Asia Pacific is the leading consumer of zinc where the majority of zinc goes into steel manufacturing.

China is the dominant market with high domestic production as well as consumption. Domestic demand in China is growing as a result of rapidly rising industrial activities. Europe and North America are expected to show average growth rates attributed to the maturity of the markets in the region. Recovery in construction activities after a slump between 2008 and 2011 is expected to renew zinc demand in the region.

Key Players

Some of the players in the Zinc market include Canadian Zinc, Donner Metals, Trevali Mining, Befesa Zinc SLU, Binani Zinc Ltd, Sumitomo Metal Mining Co. Ltd., and Yunnan Yuntong Zinc Co. Ltd. among others

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