Zinc fell to 2,732.85 USD/T on August 1, 2025, down 1.20% from the previous day. Over the past month, Zinc's price has fallen 0.83%, but it is still 3.01% higher than a year ago, 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 August of 2025.

The zinc ingot prices in the United States for Q3 2024 reached 3450 USD/MT in September. The region saw notable fluctuations in zinc ingot prices throughout the quarter, primarily influenced by the limited availability of zinc ingots and ongoing supply chain challenges. These factors, coupled with consistent demand from critical sectors, have kept prices on an upward trajectory, emphasizing the market's sensitivity to supply-demand dynamics.

Explore IMARC’s newly published report, titled “Zinc Ingot Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of zinc ingot pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

Why did the Zinc Ingot Price Change in May 2025? The Zinc Ingot Price Index in North American market settled in Q1 2025 at USD 3,448/MT CFR Illinois Port, demonstrating a 1.5% increase quarter-on-quarter in comparison to Q4 2024.

Get the latest insights on price movement and trend analysis of Zinc Ingot in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

High Purity Zinc Ingot Market Outlook

The global market size for high purity zinc ingot was valued at approximately USD 1.5 billion in 2023 and is projected to reach USD 2.5 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.5% during the forecast period. The increase in demand across various sectors such as electronics, automotive, and construction is a significant growth factor for this market. High purity zinc ingots are increasingly being utilized for their superior properties, making them essential in advanced manufacturing and high-tech industries.

One of the primary growth drivers for the high purity zinc ingot market is the burgeoning electronics industry. High purity zinc ingots are crucial in the production of various electronic components due to their excellent conductive and anti-corrosive properties. As the demand for consumer electronics, smartphones, and wearable technology continues to surge, the need for high-quality raw materials such as high purity zinc ingots is expected to grow correspondingly. Additionally, the rise of smart appliances and the Internet of Things (IoT) are further propelling the market's expansion.

The automotive industry also significantly contributes to the market's growth. High purity zinc ingots are employed in the manufacturing of various automotive parts due to their durability and resistance to corrosion. With the global automotive industry undergoing a transformation towards electric and hybrid vehicles, the demand for high purity zinc ingots is anticipated to escalate. Electric vehicles (EVs) require advanced materials for batteries and other components, and high purity zinc is increasingly being recognized for its potential in these applications.

The construction industry is yet another vital sector driving the demand for high purity zinc ingots. These ingots are used in constructing durable and corrosion-resistant structures. The increasing investment in infrastructure projects worldwide, especially in developing countries, is likely to boost the demand for high purity zinc ingots. Urbanization and industrialization trends are further accelerating the construction activities, thereby fostering the market growth for high purity zinc ingots.

High Purity Zinc Phosphide is gaining attention in various industrial applications due to its unique properties. This compound is particularly valued for its effectiveness as a rodenticide, which is crucial in agricultural and urban settings to control pest populations. Its high purity levels ensure minimal environmental impact and increased safety for non-target species. Moreover, the ongoing research into its potential uses in other sectors, such as electronics and pharmaceuticals, highlights its versatility. As industries continue to seek sustainable and efficient solutions, high purity zinc phosphide is poised to play a significant role in meeting these demands.

Regionally, Asia Pacific holds the largest share in the high purity zinc ingot market, driven by rapid industrialization, urbanization, and significant investments in infrastructure development. Countries like China and India are at the forefront of this growth. North America and Europe also showcase substantial market shares, propelled by advancements in automotive and electronics industries. The Middle East & Africa and Latin America are expected to offer lucrative growth opportunities due to emerging industrial activities and increasing investments in various sectors.

Purity Level Analysis

The high purity zinc ingot market can be segmented by purity level into 99.99%, 99.995%, 99.999%, and others. The 99.99% purity level holds a significant share in the market due to its widespread use in general industrial applications. This level of purity is often sufficient for many manufacturing processes, providing a balance between cost and performance. The increased utilization in automotive and construction sectors, where durability and moderate corrosion resistance are required, supports the dominance of this segment.

The 99.995% purity level segment is gaining traction, particularly in the electronics industry. This higher purity level ensures better conductivity and less impurity content, making it ideal for high-end electronic components and devices. As the electronics sector continues to evolve with more complex and sophisticated technology, the demand for 99.995% purity zinc ingots is expected to rise. Additionall

The zinc oxide prices in India for Q2 2024 reached 2565 USD/MT in June. The market displayed significant price shifts, driven by strong production demand and higher costs for zinc ingot feedstock. In addition, seasonal industrial activities and a solid supply-demand balance contributed to this increase, with the coating and rubber industry playing a crucial role.

The global Zinc Ingot market stood at approximately 11.81 million tonnes in 2024 and is anticipated to grow at a CAGR of 2.97% during the forecast period until 2035.

Uncover Market Research Intellect's latest Zinc Ingots Market Report, valued at USD 18.5 billion in 2024, expected to rise to USD 26.2 billion by 2033 at a CAGR of 4.8% from 2026 to 2033.

China Transaction Price: 36 City Avg: Zinc, Number 0 Zinc Ingot data was reported at 24,397.280 RMB/Ton in Mar 2025. This records an increase from the previous number of 24,040.670 RMB/Ton for Feb 2025. China Transaction Price: 36 City Avg: Zinc, Number 0 Zinc Ingot data is updated monthly, averaging 17,692.000 RMB/Ton from Jan 2001 (Median) to Mar 2025, with 291 observations. The data reached an all-time high of 34,261.000 RMB/Ton in Dec 2006 and a record low of 8,597.470 RMB/Ton in Jun 2003. China Transaction Price: 36 City Avg: Zinc, Number 0 Zinc Ingot data remains active status in CEIC and is reported by Price Monitoring Center, NDRC. The data is categorized under China Premium Database’s Price – Table CN.PA: Price Monitoring Center, NDRC: 36 City Monthly Avg: Transaction Price: Production Material.

Global High Purity Zinc Ingot market size 2021 was recorded $1357.81 Million whereas by the end of 2025 it will reach $1669.5 Million. According to the author, by 2033 High Purity Zinc Ingot market size will become $2523.94. High Purity Zinc Ingot market will be growing at a CAGR of 5.302% during 2025 to 2033.

Explore how zinc ingot prices are influenced by global demand, supply chain disruptions, and economic factors. Learn about the recent trends and factors affecting the zinc market, including industrial growth, mining activities, and currency fluctuations.

Why did the Zinc Oxide Price Change in July 2025? The Zinc Oxide Price Index in North America declined by 1.0% quarter-over-quarter in Q2 2025, as muted demand from the tire and rubber sectors, coupled with stable domestic production and favourable import conditions, exerted downward pricing pressure.

The global zinc ingots market is experiencing robust growth, driven by increasing demand from various sectors. While the precise market size and CAGR values were not provided, based on industry trends and analysis of similar metal markets, a reasonable estimate for 2025 market size might be in the range of $15-20 billion USD, with a CAGR of 4-6% projected from 2025 to 2033. This growth is fueled by the expanding construction and infrastructure sectors, which rely heavily on zinc for corrosion protection and alloying in various applications. The automotive industry’s continued adoption of galvanized steel and die-cast zinc components further contributes to market expansion. Furthermore, growing demand from the electrical and electronics sectors for zinc in batteries and other components is a significant driver. However, market growth is not without its challenges. Fluctuations in zinc prices due to global supply chain dynamics and geopolitical events can pose significant restraints. Environmental regulations related to zinc production and waste management also present ongoing concerns for manufacturers. Despite these challenges, the long-term outlook remains positive, fueled by the sustained growth of key end-use industries and ongoing research and development efforts to enhance zinc's properties and applications. The market is segmented based on various factors including purity levels, application types, and geographical regions. Key players such as Noor Metal International Co.(P).Ltd, Shijiazhuang Zhongli Zinc Industry, and others are actively competing to capture market share, leading to innovation in production technologies and product offerings.

The global zinc ingots market is expected to grow at a CAGR of 1.20% during the forecast period of 2025-2034. The growth of the market is likely to be aided by the increasing demand for zinc in the galvanization process.

The global Zinc Alloy Ingot market, valued at $16.19 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 2.5% from 2025 to 2033. This steady growth is driven by increasing demand from key application sectors. The automotive industry's reliance on zinc alloys for corrosion-resistant parts, coupled with the burgeoning construction sector's use in molds and decorative products, are significant contributors to market expansion. Furthermore, advancements in zinc alloy formulations leading to improved strength and durability are fueling wider adoption across various industries, including machinery and bearing manufacturing. While fluctuating zinc prices present a potential restraint, ongoing innovation and the development of more efficient production methods are mitigating this challenge. The market is segmented by application (molds, bearings, automotive parts, machine parts, decorative products, and others) and type (cast zinc alloy ingot and hot-dip galvanized zinc alloy ingot). Geographical distribution reveals strong presence in established manufacturing hubs like North America, Europe, and Asia-Pacific, with emerging markets in South America and the Middle East & Africa displaying significant growth potential. The competitive landscape is characterized by a mix of established global players and regional manufacturers, fostering innovation and competition. The forecast period (2025-2033) anticipates continued growth, although the rate might fluctuate slightly depending on global economic conditions and material pricing. The Asia-Pacific region, driven by robust industrialization and manufacturing in countries like China and India, is expected to retain its dominant market share. However, regions like North America and Europe will continue to be significant contributors due to established automotive and manufacturing sectors. Specific growth within application segments will largely depend on industry trends and technological advancements impacting each sector. The market will likely see a shift towards more sustainable and environmentally friendly zinc alloy production methods, driving innovation and responsible sourcing within the supply chain. Further research into the specific drivers and restraints within each geographical region and application segment would yield a more granular understanding of future market dynamics.

The Zinc Ingots Market size was valued at USD 24.1 USD Billion in 2023 and is projected to reach USD 33.02 USD Billion by 2032, exhibiting a CAGR of 4.6 % during the forecast period. Zinc ingots are zinc metal, often used in crude form or alloy that is produced by smelting ores containing zinc, and currently manufactured in various forms, including standard ingots, high purity ingots, and special alloys. In the ordinary use of zinc, standardized ingots are used, but in specified uses such as when only highly purified zinc is needed, such as in manufacturing high-grade alloys, the use of a high purification ingot of zinc is adopted. There can be added elements listed to the special alloys for certain purposes. Some of the characteristic production attributes of zinc ingots are their ability to resist corrosion, their ductility, etc., and their ability to be alloyed with other metals. Uses extend from coating steel to protect against corrosion to using in batteries, building die castings for car and industrial accessories. The metal is also used in the fabrication of zinc oxide which has uses in rubber, cosmetic products, and pharmaceutical products.Key market applications for zinc ingots include:Electroplating: Zinc ingots are used to protect metals from corrosion and improve their appearance.Galvanized steel: Zinc ingots are used to coat steel, making it more resistant to rust and corrosion.Alloys: Zinc ingots are used in various alloys, including brass, bronze, and zinc-aluminum alloys.Zinc oxide: Zinc ingots are used to produce zinc oxide, which is used in paints, ceramics, and cosmetics.Batteries: Zinc ingots are used in the production of zinc-air batteries, which are used in electric vehicles and other applications.Major players in the Zinc Ingots Market include RotoMetals, Pushpa International, ExportersIndia, Hindustan Zinc, Nyrstar, Industrial Metal Supply Company, Advameg Inc., Phoenix Industries Ltd., Siyaram Impex Pvt. Ltd., Shree Metal Industries, Focus Technology Co., Ltd., and S. C. Kundu & Sons. Key drivers for this market are: Exciting Initiatives by Leading Players to Fuel the Market . Potential restraints include: Fluctuating Prices of Raw Material to Hinder the Market Growth.

The global high-purity zinc ingot market is experiencing robust growth, driven by increasing demand from diverse sectors. Let's assume a 2025 market size of $2.5 billion (a reasonable estimate given the substantial use of zinc in various industries). If we posit a CAGR of 5% (a conservative estimate considering fluctuating metal prices and global economic conditions), the market is projected to reach approximately $3.3 billion by 2033. This growth is fueled by the expanding electronics industry, which utilizes high-purity zinc in various components. The automotive sector's increasing adoption of zinc-based alloys for corrosion resistance and lightweight applications further contributes to market expansion. Furthermore, the growing demand for zinc in the chemical and pharmaceutical industries, where it plays a crucial role in various processes and formulations, fuels market expansion. However, market growth faces certain challenges. Fluctuations in zinc prices, influenced by global supply chains and economic factors, can impact market stability. Competition from alternative materials and stringent environmental regulations represent additional restraints. The market is segmented based on purity levels, applications, and geographical regions. Key players, including Noor Metal International Co., Shijiazhuang Zhongli Zinc Industry, and others listed, are strategically positioned to capitalize on the market's growth potential through technological advancements, expansion into new markets, and strategic partnerships. The ongoing focus on sustainable manufacturing practices and the development of environmentally friendly zinc extraction methods are also shaping market dynamics.

The global zinc alloy ingot market, valued at $20,130 million in 2023, is projected to experience steady growth, with a Compound Annual Growth Rate (CAGR) of 2.4% from 2025 to 2033. This moderate growth reflects a mature market, yet consistent demand across diverse applications. Key drivers include the increasing use of zinc alloy ingots in the automotive industry for parts requiring high durability and corrosion resistance, the burgeoning construction sector leveraging its properties in molds and decorative products, and the growing demand for zinc-based bearings in various machinery. Trends indicate a shift towards sustainable manufacturing practices and a focus on developing high-performance alloys with enhanced properties. This could include exploring new alloy compositions for specific applications, optimizing production processes to minimize environmental impact, and leveraging advanced technologies for improved quality control. However, restraints like fluctuating zinc prices and competition from alternative materials, such as aluminum alloys and plastics in certain applications, could temper overall market growth. The market segmentation reveals a significant contribution from the automotive and construction sectors, while other applications like machinery parts and decorative products also present substantial opportunities. The geographic distribution of the market showcases a diverse landscape, with North America, Europe, and Asia Pacific representing significant consumer bases. China, as a major zinc producer and consumer, holds a considerable market share within the Asia Pacific region. However, emerging economies in regions like South America and Africa present untapped growth potential, driven by expanding infrastructure projects and increasing industrialization. The competitive landscape is characterized by a mix of large multinational corporations and regional players, many of whom are vertically integrated, controlling aspects of zinc mining, smelting, and alloy production. This integrated model allows for better cost control and supply chain management, providing a significant competitive advantage. The market is expected to witness strategic alliances, mergers and acquisitions, and technological advancements to further strengthen market positions and cater to evolving consumer needs.

Zinc Ingots Market Outlook

The global zinc ingots market size was valued at approximately USD 5.2 billion in 2023 and is projected to reach around USD 7.8 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.7% during the forecast period. This growth is primarily driven by the increasing demand for zinc in various end-user industries such as construction and automotive, coupled with its essential role in galvanization processes. As zinc is a critical component in protecting steel from corrosion, industries are progressively relying on zinc ingots to enhance the durability and longevity of their products. The burgeoning infrastructure activities in emerging economies, alongside technological advancements in die casting and brass manufacturing, further propels the market's expansion.

The growth of the zinc ingots market is significantly influenced by the surge in infrastructure development across the globe. Emerging economies, particularly in the Asia Pacific and Latin America, are witnessing robust construction activities boosted by urbanization and government initiatives aimed at improving public infrastructure. Zinc's role in galvanization to prevent rusting of steel and iron components is indispensable in these construction ventures. Its usage in roofing, bridges, and various structural components underscores its critical importance in the construction sector. Moreover, the anticipated rise in investments in infrastructure projects, especially those focusing on smart city initiatives, is expected to contribute substantially to market growth.

Additionally, the automotive industry's reliance on zinc ingots for die casting applications is a major growth driver. Zinc die casting is favored for manufacturing automotive components due to its superior thermal and electrical conductivity, along with its ability to produce complex shapes with high precision. The push towards lightweight vehicles, driven by the need for fuel efficiency and regulatory compliance with emission standards, has increased the demand for zinc in the automotive sector. This trend is further augmented by the rapid expansion of electric vehicles, where zinc's application in components like batteries and chargers is gaining traction, thereby bolstering the market's growth trajectory.

Another significant factor contributing to the market's growth is the role of zinc in the electronics industry. Zinc's application in manufacturing components such as connectors, sensors, and other electrical devices is witnessing an upward trend. The miniaturization of electronic devices and the increasing consumer preference for gadgets with longer life spans drive the demand for high-purity zinc ingots. Moreover, advancements in technologies such as 5G and the Internet of Things (IoT) are likely to spur further demand for zinc in the electronics sector, as these technologies necessitate robust and reliable electronic components, thereby opening new avenues for market expansion.

Regionally, the Asia Pacific region is poised to dominate the zinc ingots market, driven by rapid industrialization and urbanization in countries like China and India. These nations are major consumers of zinc due to extensive infrastructure projects and a burgeoning automotive industry. Meanwhile, North America and Europe are expected to maintain steady growth, aided by their established automotive and construction industries, albeit facing challenges from stringent environmental regulations. The Middle East & Africa region, with its focus on diversifying economies beyond oil and gas, presents emerging opportunities for zinc market growth, particularly in construction and electronics sectors. Latin America's growth will be relatively moderate, supported by a gradual recovery in economic activities and infrastructure development.

Product Type Analysis

When examining the zinc ingots market by product type, high purity zinc ingots hold significant importance due to their extensive application across various high-end industries. High purity zinc ingots, characterized by their superior quality and fewer impurities, are increasingly preferred for applications that demand precision and high performance. These ingots are essential in the production of advanced electronics, where the purity of materials directly influences the efficiency and reliability of components. Furthermore, their role in pharmaceuticals and specialty chemicals, where exact chemical compositions are critical, cannot be overstated. The demand for high purity zinc ingots is set to rise as industries continue to seek materials that comply with stringent quality s

North America Zinc Ingot Market is expected to grow during 2025-2031