Zinc fell to 2,737.50 USD/T on July 11, 2025, down 1.60% from the previous day. Over the past month, Zinc's price has risen 3.51%, but it is still 6.98% 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 July of 2025.

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.

Global Zinc market size is expected to reach $41.76 billion by 2029 at 7.6%, segmented as by type, construction, transport, consumer goods, electrical appliances, and general engineering

The Zinc Market report segments the industry into Application (Galvanizing, Die Casting, Brass, Oxide & Chemicals, Other Applications), End-User Industry (Construction, Transportation, Consumer Goods, Electrical and Electronics, Other End-User Industries), and Geography (Asia-Pacific, North America, Europe, South America, Middle-East and Africa). Get five years of historical data and forecasts.

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

The global zinc demand for renewable energy technologies is forecast to continuously increase during the next decade, from ******* metric tons in 2020 to ******* in 2030. Solar energy is expected to account for the largest share of this zinc consumption, with a forecast volume of ******* metric tons in 2030.

In Q1 2025, the U.S. pharmaceutical-grade zinc powder market experienced a sustained downward pricing trend, reflecting prolonged oversupply conditions and restrained procurement activity. Prices opened January at USD 3,375 per MT CFR California and declined progressively through the quarter. Ample inventory accumulation in late 2024, driven by pre-tariff stocking ahead of anticipated trade policy shifts, contributed to the high availability that weighed on prices throughout the period.

Zinc prices in , May, 2025 For that commodity indicator, we provide data from January 1960 to May 2025. The average value during that period was 1281.2 USD per metric ton with a minimum of 176.6 USD per metric ton in September 1962 and a maximum of 4405.4 USD per metric ton in December 2006. | TheGlobalEconomy.com

The global Zinc market stood at approximately 14014 thousand tonnes in 2024 and is anticipated to grow at a CAGR of 2.96% during the forecast period until 2035.

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

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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 experiencing significant growth, driven primarily by the rapid industrialization in emerging economies. The increasing demand for zinc in various industries, including galvanization, automotive, and construction, is fueling market expansion. Furthermore, the introduction of new zinc-based products, such as advanced batteries and alloys, presents new opportunities for market participants. However, the market's growth is not without challenges. Furthermore, the integration of zinc-based materials, such as zinc-graphene batteries, presents opportunities for improved energy storage and enhanced performance.
Mining companies must navigate these challenges to effectively capitalize on market opportunities and maintain a steady supply of zinc to meet the increasing demand. The market is experiencing significant growth, driven primarily by the increasing demand for zinc in electronics and the semiconductor industries. Companies that can successfully navigate these challenges and innovate in response to evolving market dynamics will be well-positioned for success. Regulatory hurdles impact adoption, as stricter environmental regulations limit the use of certain zinc compounds. Additionally, supply chain disruptions, particularly in key producing regions, temper growth potential.

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

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The market encompasses various applications, including zinc-oxide nanoparticles for electronics, zinc-air batteries for energy storage, and zinc-oxide pigments for paint and plastics. Primary zinc production is derived from mining and smelting, while secondary zinc is obtained through recycling. The zinc industry also includes sectors such as zinc-oxide ceramics, pharmaceuticals, and cosmetics. Zinc consumption is driven by the demand for zinc-oxide pigments in paints and plastics, zinc-oxide coatings for corrosion protection, and zinc-oxide adhesives. Zinc-oxide rubber and zinc-oxide sealants are essential components in the automotive and construction industries. Zinc reserves are sufficient to meet current demand, but zinc mining and refining face challenges due to increasing production costs and environmental concerns. Zinc is utilized in electronics, agrochemicals, solar panels, cosmetics, telecommunications, automotive, construction, dietary supplements, and aerospace.
Zinc-oxide sensors and varistors are emerging applications in the electronics sector, while zinc-oxide composites and sealants are gaining popularity in the construction industry. The market outlook remains positive, with increasing demand for zinc-oxide nanoparticles in electronics and zinc-air batteries in the energy sector. Zinc-oxide pigments continue to dominate the market due to their wide applications in various industries. However, the price of zinc remains volatile due to supply and demand imbalances and geopolitical risks. Zinc-oxide fertilizers and zinc-oxide coatings are essential in agriculture and infrastructure sectors, respectively. Zinc-oxide cosmetics and pharmaceuticals are growing segments in the consumer market.
The zinc market dynamics are influenced by reserves, price fluctuations, and exploration. Overall, the market is dynamic, with ongoing research and development efforts to explore new applications and improve existing ones.

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 is a versatile element with extensive applications in various industries. Its alloys, including zinc-magnesium, zinc-nickel, and zinc-aluminum-magnesium, are widely used due to their superior corrosion resistance. This property makes zinc alloys indispensable in galvanization, where steel is coated with a protective layer of zinc. This coating significantly enhances steel's durability, making it a preferred choice in construction, infrastructure, automotive, and shipbuilding industries. The ongoing global push for modernization and urban development, particularly in emerging economies, has led to a rise

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.

In 2023, the global mine production of zinc amounted to some ***** 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.

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

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.

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.

Global Zinc Prices: 35 years of historical data from 1990 to 2025.

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.

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 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.