Zinc rose to 2,985.20 USD/T on October 21, 2025, up 0.45% from the previous day. Over the past month, Zinc's price has risen 2.88%, but it is still 5.17% lower 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 October of 2025.

The Zinc Report is Segmented by Form (Refined Zinc (Slab), Zinc Alloys, and More), Production Process (Primary Production (Mining and Smelting) and Secondary Production (Recycling)), Application (Galvanizing, Die-Casting, Brass, and More), End-User Industry (Construction, Transportation, Electrical and Electronics, and More), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa).

The Zinc Market size is expected to reach a valuation of USD 41.50 billion in 2033 growing at a CAGR of 6.2%. The Zinc market research report classifies market by share, trend, demand, forecast and based on segmentation.

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Zinc Market Size 2025-2029

The zinc market size is forecast to increase by USD 4.46 billion, at a CAGR of 2.8% between 2024 and 2029.

The market is shaped by the dynamic interplay of several key drivers and trends. The most prominent of these is the ongoing industrialization in emerging economies, which continues to fuel demand for zinc in various sectors, particularly in construction and automotive industries. This trend is expected to persist, driven by the expanding middle class in these regions and their increasing disposable income. However, the market landscape is not without challenges. Supply chain disruptions pose a significant threat to the stability of the market. These disruptions can stem from various sources, including geopolitical instability, extreme weather events, and production issues.
For instance, the closure of major mines due to environmental concerns or labor disputes can lead to a significant reduction in supply, causing price volatility. Companies operating in this market must remain agile and adaptable, implementing robust risk management strategies to mitigate the impact of these disruptions on their operations. Additionally, the introduction of new zinc-based products, such as advanced batteries for electric vehicles, presents both opportunities and challenges. While these innovations can expand the market, they also introduce new competitors and increase pressure on existing players to innovate and differentiate. To capitalize on the opportunities and navigate the challenges, companies must stay informed of market trends, invest in research and development, and build resilient supply chains.

What will be the Size of the Zinc Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, driven by the diverse applications of this essential micronutrient across various sectors. In agriculture, for instance, the demand for slow-release zinc fertilizers is on the rise, as farmers seek to optimize zinc nutritional status in their crops. Zinc fertilization methods have evolved beyond traditional inorganic sources, with organic zinc sources gaining traction due to their potential to enhance soil health and reduce zinc toxicity. Zinc chelates, such as zinc-iron interaction, play a crucial role in enhancing zinc bioavailability and micronutrient uptake. Foliar zinc application is another emerging trend, as it enables direct delivery of zinc to the plant, bypassing potential soil limitations.

The use of zinc-coated urea and zinc oxide nanoparticles also offers advantages in terms of improved zinc solubility and reduced environmental impact. Plant zinc metabolism is a complex process involving zinc transporter proteins and zinc-responsive genes. Zinc deficiency correction is a critical concern, as zinc deficiency symptoms can significantly impact crop yield. For instance, a study showed that zinc deficiency in wheat can lead to a yield loss of up to 20%. Industry growth in the market is expected to remain robust, with estimates suggesting a steady increase in demand due to the ongoing need for zinc in various applications.

The zinc-phosphorus interaction and Zinc Sulfate heptahydrate are essential components in numerous industrial processes, while zinc in photosynthesis plays a vital role in maintaining plant health. The market is a dynamic and evolving landscape, with ongoing research and innovation driving the development of new zinc sources, fertilization methods, and applications. The continuous unfolding of market activities and evolving patterns underscores the importance of staying informed and adaptive in this ever-changing market.

How is this Zinc Industry segmented?

The zinc industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Industrial
  Human health
  Others


End-user

  Construction
  Transportation
  Paints and coatings
  Electricals and electronics
  Others


Product Type

  Powder
  Solid metal


Geography

  North America

    US
    Canada


  Europe

    Belgium
    Germany
    UK


  APAC

    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Application Insights

The industrial segment is estimated to witness significant growth during the forecast period.

Zinc, an essential micronutrient, plays a crucial role in various industrial and agricultural applications. In industry, zinc's primary use is in galvanization, where it forms a protective coating on steel, enhancing its resistance to corrosion. This property is vital in construction, infrastructure, automotive, and ship

In 2023, zinc had a market value of over ** billion U.S. dollars worldwide. With prospects in the consumer goods, transportation, industrial machinery, construction and infrastructure sectors, the global zinc market appears to have a promising future. Indeed, by 2030, the market value is forecast to reach some ** billion U.S. dollars.

According to Cognitive Market Research, the zinc market size is expected to reach USD XX Million by 2024 and is projected to grow to USD XX Million by the end of 2033, expanding at a CAGR of XX% from 2025 to 2033.

Asia-Pacific held largest share of XX% in the year 2024 
Europe held share of XX% in the year 2024 
North America held significant share of XX% in the year 2024 
South America held significant share of XX% in the year 2024
Middle East and Africa held significant share of XX% in the year 2024 

MARKET DYNAMICS: KEY DRIVERS

Industrial Demand for zinc is driving market growth for the zinc market.

The global zinc market is significantly driven by industrial demand. Zinc is primarily utilized in galvanizing, a process that coats steel and iron to avert rust, thereby considerably extending the longevity of buildings, bridges, vehicles, and various infrastructures. The growing construction and infrastructure projects, particularly in fast-developing regions like Asia, have led to a sharp increase in the demand for galvanized steel. For example, China is the leading consumer of zinc globally, propelled by its flourishing construction industry and extensive urban development initiatives. In the U. S. and other developed nations, the construction and automotive sectors continue to heavily depend on zinc-coated steel for its durability and safety features. Additionally, the transportation industry utilizes zinc in die-casting alloys for automotive components, aiding in creating lighter and more corrosion-resistant vehicles. This persistent demand from the construction, automotive, and infrastructure sectors is a significant factor contributing to the worldwide rise in zinc usage. Furthermore, beyond traditional applications, new technologies and the transition to renewable energy are also propelling the market. Zinc' s importance is growing in the production of batteries for electric vehicles and energy storage solutions, as well as in components for solar panels and wind turbines. For instance, zinc thermal spray protects offshore wind energy towers against harsh marine conditions, while galvanized steel structures in ground- based solar panel setups ensure long- lasting durability. According to the International Zinc Association, a single 10 MW offshore wind turbine requires approximately 4 tonnes of zinc, whereas a 100 MW solar park, which can supply power to 110, 110,000 homes, needs about 240 tonnes of zinc. As the world shifts towards a low- carbon economy, zinc will continue to play a crucial role in supporting green technologies and infrastructures. The blend of traditional industrial applications and emerging uses in renewable energy is expected to sustain robust zinc demand, driving consistent market growth for the foreseeable future.

Source:https://www.zinc.org/renewable-energy/

Restraints

Government regulations are creating challenges like increased costs and reduced demand for zinc, which is hindering the growth of the zinc market.

Government regulations are increasingly shaping the growth and direction of the zinc market, often acting as significant restraints on its expansion. As global concerns over environmental sustainability grow, governments are implementing stricter rules to limit pollution and protect natural resources. In the zinc industry, mining and refining processes can lead to air and water pollution, as well as soil contamination, prompting authorities to enforce tougher environmental standards. In countries like the United States, regulations such as the National Environmental Policy Act (NEPA) require thorough environmental assessments for activities related to zinc mining and processing. These assessments can be complex and time-consuming, often delaying new projects or expansions. Complying with these environmental regulations means zinc producers must invest in advanced technology and improved infrastructure to reduce emissions and waste. These additional costs can make it more expensive to mine and process zinc, which may lead to higher prices for buyers and potentially limit supply. While these measures are important for protecting the environment and public health, they also create challenges for the zinc industry by increasing operational costs and slowing market growth. As a result, the zinc market faces ongoing pressure to balance economic expansion with environmental responsibility.

Source:https://ceq.doe...

The global zinc market is anticipated to reach a value of XX million by 2033, expanding at a CAGR of 1.50% during the forecast period (2025-2033). The rising demand for zinc in various industries, including construction, automotive, and electrical and electronics, is expected to drive market growth over the coming years. Additionally, increasing urbanization, particularly in developing regions, is contributing to the demand for zinc-coated steel in construction, which is further fueling market expansion. Key market trends include the growing prevalence of electric vehicles, which utilize significantly more zinc than conventional vehicles, as well as the increasing adoption of energy-efficient lighting solutions, which often incorporate zinc-based materials. However, fluctuating zinc prices and the emergence of substitutes for zinc in certain applications may pose challenges to market growth. The market is dominated by a few major players, including Boliden Group, Glencore, Grupo Mexico, and Hindustan Zinc, among others. Asia Pacific is the largest regional market for zinc, followed by Europe and North America. China is the largest consumer of zinc, accounting for a significant share of the global market. Recent developments include: April 2022: Nyrstar Australia announced intentions to invest USD 285 million in the construction of a new electrolysis facility at its Hobart Zinc Works operations in Tasmania., September 2022: Agnico Eagle Mines agreed to purchase a 50% stake in Minas de San Nicolás (MSN), a wholly-owned subsidiary of Teck Resources that owns the San Nicolás copper-zinc development project in Zacatecas, Mexico.. Key drivers for this market are: Growing Demand From the Construction and Electronics Industry, Increasing Usage in the Automotive Industry. Potential restraints include: Growing Demand From the Construction and Electronics Industry, Increasing Usage in the Automotive Industry. Notable trends are: Construction Industry to Dominate the Market.

Zinc Metal Market Outlook

The global zinc metal market size was valued at approximately USD 39.2 billion in 2023 and is projected to reach USD 54.8 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.8% during the forecast period. This growth is primarily driven by the rising demand from key industries such as construction, automotive, and electronics, where zinc is extensively used. Zinc's unique properties, like corrosion resistance and ability to form alloys, make it indispensable across various industrial applications, further bolstering market expansion. The increasing infrastructure development projects globally and the automotive industry's evolution towards lightweight and fuel-efficient vehicles are significant contributors to this growth.

The burgeoning construction industry, particularly in emerging economies, is a major growth factor for the zinc metal market. As urbanization trends continue to accelerate, there is an escalating demand for durable and sustainable building materials. Zinc, known for its corrosion resistance and longevity, is increasingly being utilized in roofing, cladding, and various architectural applications. Moreover, the growing awareness of environmentally friendly building practices has led to the adoption of zinc due to its recyclability and minimal environmental impact. Additionally, governmental initiatives focusing on infrastructure improvement and housing projects in developing regions are creating substantial demand for zinc, further propelling market growth.

Another significant factor driving the zinc metal market is its critical role in the automotive industry. As automotive manufacturers strive to enhance vehicle performance through lightweight materials, zinc alloys are becoming increasingly popular due to their strength and ability to reduce vehicle weight. Furthermore, zinc die-casting is widely used in the production of complex automotive components, contributing to enhanced fuel efficiency and reduced emissions. The growing trend towards electric vehicles (EVs) also presents new opportunities for zinc, as it is used in battery casings and other EV components. The automotive sector's continuous evolution and the increasing production of vehicles worldwide are expected to sustain the demand for zinc in the coming years.

The electronics industry also plays a crucial role in the zinc metal market's growth. Zinc is utilized in the manufacture of various electronic components, including batteries, semiconductors, and connectors, owing to its excellent electrical conductivity and thermal properties. The rapid advancements in technology and the proliferation of electronic devices globally have spurred the demand for zinc. Furthermore, zinc's application in energy storage systems, particularly in renewable energy projects, is gaining traction. As the world shifts towards sustainable energy solutions, the demand for reliable and efficient storage systems will likely increase, thereby driving zinc consumption.

Zinc Arsenide is an emerging material in the semiconductor industry, gaining attention due to its unique electronic properties. It is a compound of zinc and arsenic, and its potential applications in optoelectronics and photovoltaic devices are being explored. The interest in Zinc Arsenide is driven by its ability to efficiently convert light into electricity, making it a promising candidate for solar cell technology. As the demand for renewable energy sources continues to rise, research into materials like Zinc Arsenide is crucial for developing next-generation solar panels. Additionally, its application in high-speed electronic devices is being investigated, which could revolutionize the electronics industry. The integration of Zinc Arsenide in various technologies highlights the ongoing innovation in the semiconductor field, contributing to the broader zinc market dynamics.

Regionally, Asia Pacific dominates the zinc metal market due to the presence of major zinc-producing countries and burgeoning industrial activities. China, being the largest consumer and producer of zinc, significantly influences the market dynamics in the region. The region's rapid industrialization, coupled with substantial investments in infrastructure and manufacturing, fuels the demand for zinc. North America and Europe also represent significant markets for zinc, driven by robust automotive and construction industries. However, these regions are witnessing a shift towards sustainable and green practices, impacting the market dynamics. Meanwhile, Latin America a

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.

In 2024, the average price for zinc stood at 2,776 nominal U.S. dollars per metric ton. This statistic depicts the average annual prices for zinc from 2014 to 2024, with forecast figures for 2025 through 2026.

In 2024, the global mine production of zinc amounted to som ***** million metric tons, while the metal production of refined zinc amounted to ***** million metric tons. The global metal usage of refined zinc in that year came to some ***** million metric tons.

Refined Zinc Market Outlook

The global refined zinc market size was valued at approximately USD 30 billion in 2023 and is projected to reach USD 45 billion by 2032, growing at a CAGR of 4.6% during the forecast period. This growth is primarily driven by increasing demand in the construction and automotive industries. Factors such as urbanization, industrialization, and the rising need for durable and corrosion-resistant materials contribute significantly to the expansion of the refined zinc market.

One of the major growth factors for the refined zinc market is the burgeoning construction industry. As urbanization continues at a rapid pace, especially in emerging economies, the demand for galvanized steel – which is primarily coated with zinc – is soaring. Zinc's anti-corrosive properties make it a preferred material in construction, ensuring longevity and durability of infrastructures. Moreover, the increasing investments in infrastructure projects globally are set to propel the demand for refined zinc in the coming years.

The automotive industry also plays a crucial role in the growth of the refined zinc market. With the automotive industry focusing on producing lightweight and fuel-efficient vehicles, zinc die-casting components are becoming increasingly popular. Zinc alloys are used extensively in die-casting processes due to their excellent mechanical properties, which enhance the performance and efficiency of automotive components. The shift towards electric vehicles, which often use more zinc in their batteries and components, further bolsters market growth.

Another significant growth factor is the rising demand for consumer electronics. Zinc is utilized in the production of various electronic components due to its excellent electrical conductivity and resistance to wear and tear. As the consumer electronics market continues to expand, the requirement for refined zinc in the manufacturing of electronic goods is expected to rise correspondingly. Additionally, the growing emphasis on sustainability and recycling is promoting the use of zinc, as it is a recyclable material, thereby reducing environmental impact.

Zinc Mining plays a crucial role in the supply chain of refined zinc, as it is the primary source of zinc ore, which is then processed into refined zinc. The mining process involves extracting zinc from underground or open-pit mines, where the ore is rich in zinc minerals. These mining operations are often located in regions with significant zinc deposits, such as Australia, China, and Peru. The efficiency and sustainability of zinc mining are critical factors that influence the overall production costs and environmental impact of refined zinc. Advances in mining technology and practices have led to more efficient extraction methods, reducing waste and improving the yield of zinc ore. Additionally, responsible mining practices are essential to minimize the environmental footprint and ensure the long-term viability of zinc resources.

Regarding regional outlook, Asia Pacific holds the largest market share in the refined zinc market. This region is characterized by rapid industrialization and urbanization, particularly in countries like China and India. The robust growth of the construction and automotive industries in these countries is a significant driver. North America and Europe also contribute substantially to the market, driven by advancements in automotive technologies and increasing infrastructure development. Meanwhile, Latin America and the Middle East & Africa regions are witnessing moderate growth, influenced by economic developments and rising investments in infrastructure.

Application Analysis

The application segment of the refined zinc market includes galvanizing, die casting, brass and bronze, chemicals, and others. Galvanizing is one of the most significant applications, attributing to the largest share within this segment. The process of galvanizing involves coating steel or iron with a layer of zinc to protect it from corrosion. This process is widely used in the construction industry for structural beams, roofs, and other steel structures. The longevity and durability provided by galvanizing make it a preferred choice in infrastructure projects.

Die casting is another crucial application where refined zinc is extensively used. Zinc die-casting alloys provide excellent mechanical properties, including high strength and hardness, making them ideal for manufacturing autom

Graph and download economic data for Global price of Zinc (PZINCUSDM) from Jan 1990 to Jun 2025 about zinc, metals, World, and price.

In 2021, the global zinc market increased by 13% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the global market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Learn about the expected growth in the global market for unwrought zinc over the next decade, driven by increasing demand worldwide.

Global Zinc Market valued at USD 28 billion, driven by demand in galvanized steel for construction, automotive, batteries, and renewable energy, with growth in fertilizers and electronics.

Zinc Ore Market Outlook

The global zinc ore market size was valued at approximately USD 29.87 billion in 2023 and is projected to reach around USD 47.96 billion by 2032, reflecting a compound annual growth rate (CAGR) of about 5.2% during the forecast period. This growth is largely driven by the increasing demand for zinc in various end-use industries, coupled with advancements in mining technologies. Zinc's versatile properties make it a critical component in multiple applications, ranging from metallurgy to electronics, which are pivotal in driving its market growth. A surge in infrastructure development, particularly in emerging economies, further augments the demand for zinc, as it is a vital material in galvanizing steel to prevent rust and corrosion.

One of the primary growth factors for the zinc ore market is its extensive application in the construction industry. As urbanization accelerates across the globe, the need for robust infrastructure is paramount, leading to increased consumption of galvanized steel. Zinc is used extensively to protect steel and iron from corrosion, thereby prolonging the life of these essential construction materials. Additionally, economic growth in developing countries has led to increased infrastructure projects, including bridges, roads, and new residential and commercial buildings, thereby boosting the demand for zinc. The growing automotive industry, which extensively uses galvanized steel, further contributes to the rising demand for zinc ore.

The burgeoning electronics industry also plays a significant role in propelling the zinc ore market. With technological advancements and the proliferation of electronic devices, zinc has found a niche in the electronics sector. Zinc oxide, a derivative of zinc ore, is an essential component in semiconductors, batteries, and other electronic components. The ongoing research and development in electronics, focusing on enhancing performance and durability, continue to increase the reliance on zinc, thereby driving market growth. Moreover, the push towards renewable energy sources, such as solar power, also relies on zinc in the production of photovoltaic cells, further expanding its market reach.

Environmental regulations and the push towards sustainability are also influencing the zinc ore market positively. Many countries are enforcing stricter regulations to control emissions and waste, prompting industries to seek more sustainable and recyclable materials. Zinc is recognized for its recyclability, which aligns well with global sustainability goals. This has led to increased adoption of zinc in various industries, as it helps companies meet environmental standards. Additionally, innovations in recycling technologies are making it economically viable to recycle zinc on a larger scale, further supporting market expansion.

Lead and Zinc are often found together in mineral deposits, forming a natural partnership that is crucial for various industrial applications. The extraction and processing of these metals are typically intertwined, as they share similar mining and refining techniques. Lead, like zinc, is used extensively in construction and automotive industries, particularly in the production of batteries and protective coatings. The synergy between lead and zinc not only enhances their individual market potentials but also provides a comprehensive solution for industries seeking durable and efficient materials. This interconnectedness is especially evident in the mining sector, where joint extraction processes optimize resource utilization and cost efficiency.

Regionally, Asia Pacific dominates the zinc ore market, accounting for a significant share of global production and consumption. Rapid industrialization and urbanization in countries like China and India are major factors contributing to this dominance. China, being one of the largest producers and consumers of zinc, plays a pivotal role in shaping market trends. Moreover, the region's emphasis on infrastructure development and technological advancements further accelerates zinc demand. Meanwhile, North America and Europe are also key markets, with steady demand driven by automotive and construction industries. The Middle East & Africa, albeit smaller in market size, is witnessing growth due to rising infrastructure investments and mining activities in the region.

Type Analysis

The zinc ore market is categorized into several types, including Sphalerite, Smithsonite, Hemimorphite, and others. Sp

The U.S. zinc market fell to $3.8B in 2024, which is down by -4.4% against the previous year. In general, the total consumption indicated a noticeable expansion from 2012 to 2024: its value increased at an average annual rate of +3.3% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -11.2% against 2022 indices. As a result, consumption reached the peak level of $4.3B.

PCA Zinc Market is projected to reach USD 411.3 million by 2033, growing at a CAGR of 3.59% from 2025-2033.

Lead And Zinc Market size was valued at USD 27.35 Billion in 2024 and is projected to reach USD 39.53 Billion by 2032, growing at a CAGR of 5.20% from 2026 to 2032.

Lead And Zinc Market Drivers

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.