Zinc decreased 22.57 USD/MT or 0.76% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Zinc - values, historical data, forecasts and news - updated on March of 2025.

The price of zinc is forecast to increase to 1.82 U.S. dollars per pound by 2028, from an estimated price of 1.49 U.S. dollars per pound in 2020. Zinc is a base metal with many uses, including used to galvanise other metals. Zinc oxide is used in the manufacturing of products such as batteries, paint, inks, soaps, pharmaceuticals, and more.

The MENA's zinc market surged to $X in 2021, rising by 20% against the previous year. The total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2021 and is expected to retain growth in the near future.

In 2023, the average price for zinc stood at 3,653 nominal U.S. dollars per metric ton. This statistic depicts the average annual prices for zinc from 2014 to 2023, with forecast figures for 2024 through 2026.

Explore the fluctuating zinc market influenced by supply-demand dynamics, geopolitical factors, and global economic shifts as of October 2023. Learn how manufacturing and construction trends, mining activities, and technological advancements impact zinc prices and future forecasts.

Global Zinc Market to hit USD 41.76B by 2029 growing at 7.6% CAGR. Explore trends, drivers, and competition for strategic insights with The Business Research Company.

The Ghanian zinc market stood at $X in 2021, growing by 4.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +6.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Zinc consumption peaked in 2021 and is likely to see steady growth in the near future.

Lead and Zinc Market size was valued at USD 27.35 Billion in 2024 and is projected to reach USD 39.53 Billion by 2031, growing at a CAGR of 5.20% from 2024 to 2031.

Lead and Zinc Market Drivers

“Growth in End-Use Sectors:

Urbanization and Infrastructure Development: The rising global demand for new buildings, roads, and infrastructure fuels the demand for lead-acid batteries used in construction equipment and galvanized steel for building materials.

Automotive Industry: Lead is still used in some automotive applications like starter batteries and wheel weights, while zinc finds use in corrosion protection and component manufacturing.

Electrical and Electronics: Zinc plays a crucial role in electrical applications like coatings for wires and connectors, while lead finds limited use in some electronic components.

Consumer Goods: Zinc is a vital component in die-casting for various consumer goods like appliances and hardware, while lead usage in some products is being phased out due to environmental concerns.

Irreplaceable Properties and Cost-Effectiveness:

Unique Properties of Lead: Lead-acid batteries offer a reliable and cost-effective energy storage solution for vehicles and off-grid applications due to their high power density and durability.

Versatility of Zinc: Zinc’s corrosion resistance, formability, and strength make it a valuable material for various applications across different industries.

Cost-Competitive Edge: Lead and zinc often provide cost-effective solutions compared to alternative materials in many applications, ensuring their continued market relevance.

Technological Advancements and Recycling:

Battery Technology Improvements: Advancements in lead-acid battery technology are enhancing their efficiency, lifespan, and recyclability, promoting their continued use.

Zinc-Based Alloys and Composites: Development of new zinc-based alloys and composites with improved properties could expand their application range in various sectors.

Focus on Sustainability: Increased focus on recycling and resource efficiency is leading to advancements in lead and zinc recycling technologies, promoting a more sustainable market.

Additional Market Drivers:

Growing Demand in Developing Economies: Rapid industrialization and infrastructure development in emerging economies create new market opportunities for lead and zinc.

Limited Substitute Availability: For many applications, lead and zinc offer unique properties that are difficult or expensive to replicate with readily available substitutes.

Government Regulations and Policies: Government regulations promoting energy efficiency and battery recycling can indirectly drive the lead-acid battery market.

While the Lead and Zinc Market presents growth opportunities, some challenges require attention:

Environmental Concerns: Lead exposure can have negative health impacts, and stricter environmental regulations on lead use and disposal pose challenges for the market.

Lead Phasedown in Certain Products: The phasing out of lead in some products like paints and gasoline due to environmental concerns can limit its market potential in those sectors.

Price Fluctuations: The Lead and Zinc Market can be susceptible to fluctuations in raw material prices and global economic conditions.

Explore the dynamic world of NYMEX zinc futures, where traders can hedge against price volatility, gain exposure to essential industrial metals, and speculate for profits. Understanding global supply and demand, geopolitical influences, and industry trends is key to navigating this sophisticated market, vital for sectors like construction and automotive manufacturing.

China Settlement Price: Shanghai Future Exchange: Zinc: 3rd M data was reported at 23,490.000 RMB/Ton in Feb 2025. This records a decrease from the previous number of 23,635.000 RMB/Ton for Jan 2025. China Settlement Price: Shanghai Future Exchange: Zinc: 3rd M data is updated monthly, averaging 18,777.500 RMB/Ton from Mar 2007 (Median) to Feb 2025, with 216 observations. The data reached an all-time high of 32,260.000 RMB/Ton in Apr 2007 and a record low of 8,985.000 RMB/Ton in Oct 2008. China Settlement Price: Shanghai Future Exchange: Zinc: 3rd M data remains active status in CEIC and is reported by Shanghai Futures Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZB: Shanghai Futures Exchange: Commodity Futures: Settlement Price.

As per Cognitive Market Research's latest published report, the Global Zinc market size was $60.48 billion in 2022 and it is forecasted to reach $86.58 Billion by 2030. Zinc Industry's Compound Annual Growth Rate will be 4.4% from 2023 to 2030. Factors Impacting on Zinc Market

Rising economic and industrial growth boost the demand for Zinc market

Zinc is widely used in construction, infrastructure, and automotive industries, all of which are closely linked to economic growth. As global economies expand, demand zinc increases, driving up prices. Zinc is also a key component in the production of galvanized steel, which is used in a variety of industrial applications. As industrial production increases, the demand for zinc also rises.

Price volatility acts as a restraint of the Zinc market

The price of zinc is subject to significant volatility due to factors such as supply disruptions, changes in demand, and speculation in commodity markets. This can make it difficult for producers and consumers to plan for the future and can lead to significant price fluctuations.

The rising adoption of infrastructure development will drive the Zinc market growth

Zinc is a key component in galvanized steel, which is widely used in infrastructure projects such as bridges, highways, and buildings. As countries around the world invest in infrastructure, the demand for zinc is likely to increase. What is Zinc?

Zinc is a chemical element with the symbol Zn and atomic number 30. It is a bluish-white, lustrous metal that is moderately reactive and has a low melting point. Zinc is the 24th most abundant element in the Earth's crust and is widely used in various industries, including construction, automotive, and electronics.

The Turkish zinc market surged to $X in 2021, with an increase of 27% against the previous year. Overall, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +28.2% against 2019 indices. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the near future.

The Slovene articles of zinc market stood at $11M in 2024, picking up by 13% against the previous year. Over the period under review, consumption continues to indicate a moderate expansion. Articles of zinc consumption peaked in 2024 and is likely to see steady growth in the near future.

The global zinc oxide market is poised for significant growth over the forecast period (2025-2033). While precise figures for market size and CAGR are absent from the provided data, industry reports suggest a substantial market value, likely in the billions of dollars, considering the widespread applications of zinc oxide. Key drivers for this growth include the increasing demand for zinc oxide in the rubber and tire industries, its crucial role as a UV absorber in sunscreens and cosmetics, and its expanding use in the healthcare sector for wound healing and antibacterial applications. Furthermore, the growing construction industry, particularly in developing economies, fuels demand for zinc oxide as a pigment in paints and coatings. Technological advancements leading to the production of high-purity zinc oxide with enhanced properties are also contributing to market expansion. However, price fluctuations in zinc metal, a primary raw material, and environmental regulations related to zinc oxide production pose potential restraints on market growth. Segmentation analysis reveals strong growth across diverse applications, including rubber, plastics, cosmetics, and pharmaceuticals, while regional markets like Asia-Pacific (driven by strong industrialization in China and India) and North America are expected to dominate market share. Competition among key players like American Zinc Recycling, EverZinc, GHC, Hindustan Zinc, and Votorantim Group is expected to remain intense, driving innovation and potentially influencing pricing dynamics. The historical period (2019-2024) likely witnessed moderate growth in the zinc oxide market, influenced by global economic conditions and fluctuations in raw material prices. Looking ahead, the forecast period (2025-2033) is expected to show a more robust expansion, fueled by factors outlined above. Companies are likely investing in capacity expansion and research and development to cater to the growing demand and emerging applications. A comprehensive understanding of regional differences in regulations, consumer preferences, and industrial activity will be crucial for companies aiming to succeed in this expanding market. Strategic partnerships, mergers, and acquisitions are anticipated as key strategies for market players to enhance their position and reach. Sustainable manufacturing practices are also becoming increasingly important, influencing the future trajectory of the zinc oxide market.

The global zinc market, valued at approximately $35 billion in 2025, is projected to experience steady growth, driven primarily by the increasing demand from the construction, galvanizing, and automotive industries. A compound annual growth rate (CAGR) of 2.07% from 2025 to 2033 indicates a consistent, albeit moderate, expansion. This growth is fueled by ongoing urbanization and infrastructure development globally, which significantly boosts the demand for zinc in construction materials. Furthermore, the automotive sector's continued reliance on zinc for corrosion protection and its growing adoption in electric vehicle batteries contribute to market expansion. However, fluctuating zinc prices, influenced by global economic conditions and supply chain disruptions, pose a significant restraint. Additionally, the development and adoption of alternative corrosion protection materials and recycling initiatives could impact the future market trajectory. The market is segmented by type (primary zinc, secondary zinc) and application (galvanizing, die-casting, brass, etc.), with galvanizing currently dominating the applications segment. Major players such as Boliden Group, Glencore Plc, and Hindustan Zinc Ltd. are actively involved in shaping the market through strategic acquisitions, technological advancements, and expansion into new geographical regions. Competitive strategies focus heavily on vertical integration, cost optimization, and securing stable supply chains. Consumer engagement largely revolves around meeting the growing demand while ensuring sustainable and responsible sourcing practices. The regional distribution of the zinc market reveals a complex pattern. North America and Europe, traditionally strong markets, maintain significant shares but are experiencing moderate growth. Asia Pacific, particularly China and India, represent regions with high-growth potential due to rapid industrialization and infrastructure investments. The Middle East and Africa, while exhibiting slower growth, are expected to witness a gradual increase in demand as infrastructure projects accelerate. South America also showcases moderate growth, driven primarily by Brazil's construction sector. Competitive dynamics are shaped by the interplay of established multinational corporations and regional players. Companies are focusing on strategic partnerships, technological innovations, and supply chain resilience to gain a competitive edge within specific regional markets. The forecast period (2025-2033) is expected to be marked by both opportunities and challenges, demanding adaptive strategies from market participants to successfully navigate these changing dynamics.

The Ukrainian articles of zinc market skyrocketed to $13M in 2024, growing by 33% against the previous year. Over the period under review, consumption showed a perceptible expansion. Articles of zinc consumption peaked in 2024 and is likely to continue growth in the near future.

China Turnover: Value: Shanghai Future Exchange: Zinc data was reported at 465,886.904 RMB mn in Feb 2025. This records a decrease from the previous number of 602,997.423 RMB mn for Jan 2025. China Turnover: Value: Shanghai Future Exchange: Zinc data is updated monthly, averaging 617,588.818 RMB mn from Mar 2007 (Median) to Feb 2025, with 216 observations. The data reached an all-time high of 3,452,835.887 RMB mn in Jul 2010 and a record low of 10,449.714 RMB mn in Mar 2007. China Turnover: Value: Shanghai Future Exchange: Zinc data remains active status in CEIC and is reported by Shanghai Futures Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZB: Shanghai Futures Exchange: Commodity Futures: Turnover.

Retail Sales Nowcast: YoY: Contribution: Producer Price/ Factory Price: Zinc: China: Shanghai Future Exchange: Settlement Price: 1st Month data was reported at 0.114 % in 03 Mar 2025. This records a decrease from the previous number of 0.285 % for 24 Feb 2025. Retail Sales Nowcast: YoY: Contribution: Producer Price/ Factory Price: Zinc: China: Shanghai Future Exchange: Settlement Price: 1st Month data is updated weekly, averaging 0.011 % from Feb 2021 (Median) to 03 Mar 2025, with 214 observations. The data reached an all-time high of 6.895 % in 01 Aug 2022 and a record low of 0.000 % in 06 Jan 2025. Retail Sales Nowcast: YoY: Contribution: Producer Price/ Factory Price: Zinc: China: Shanghai Future Exchange: Settlement Price: 1st Month data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s China – Table CN.CEIC.NC: CEIC Nowcast: Retail Sales.

The Algerian zinc market was estimated at $X in 2021, approximately mirroring the previous year. Over the period under review, consumption, however, posted a prominent increase. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

The global zinc oxide market is estimated to be worth USD 4,449.6 million by 2024 and is projected to reach a value of USD 8,273.5 million by 2034. Over the projection period, global demand for veterinary rapid tests is predicted to increase at a CAGR of 6.4%. The established key player holds a strong position in the sector while smaller players are applying various key strategies to gain substantial sector share in the current era.

Attributes	Description
Estimated Global Zinc Oxide Market Size (2024E)	USD 4,449.6 million
Projected Global Zinc Oxide Market Value (2034F)	USD 8,273.5 million
Value-based CAGR (2024 to 2034)	6.4%

Category-wise Insights

Segment	Industrial
Value Share (2034)	74.9%

Segment	Rubber
Value Share (2034)	46.3%

Country-wise insights

Countries	CAGR from 2024 to 2034
United States	3.6%
Germany	3%
United Kingdom	2.5%
China	7.2%
India	9.5%