Zinc fell to 2,896.15 USD/T on September 23, 2025, down 0.19% from the previous day. Over the past month, Zinc's price has risen 3.14%, but it is still 3.77% 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 September of 2025.

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.

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).

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

Zinc prices in , July, 2025 For that commodity indicator, we provide data from January 1960 to July 2025. The average value during that period was 1284.83 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

Global Zinc market size is expected to reach $31.91 billion by 2029 at 6.0%, segmented as by type, construction, transport, consumer goods, electrical appliances, and general engineering

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.

Why did the Zinc Price Change in July 2025? The Price Index for Zinc Powder (Pharma Grade) in the U.S. declined further during July 2025 due to consistent oversupply and lagging downstream pharmaceutical demand across major consuming states.

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).

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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, a

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 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.

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.

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.

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

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.

The global zinc market, currently valued at approximately $XX million (estimated based on available CAGR and market trends), is projected to experience robust growth, exceeding a compound annual growth rate (CAGR) of 1.50% from 2025 to 2033. This positive outlook is driven by several key factors. The increasing demand for zinc in galvanization, a crucial process for protecting steel from corrosion, remains a significant driver. Furthermore, the expanding construction and infrastructure sectors globally contribute significantly to the market's growth trajectory. Growing applications in the automotive industry, particularly in electric vehicles where zinc's properties are vital for battery components and corrosion resistance, further bolster demand. Technological advancements in zinc alloy development for various industries, including electronics and aerospace, contribute to market expansion. While fluctuations in zinc prices and potential supply chain disruptions pose challenges, the overall market outlook remains optimistic due to the essential role zinc plays in numerous industries and its inherent properties making it irreplaceable in many applications. Despite restraining factors like price volatility and potential supply chain disruptions, the long-term prospects for the zinc market remain positive. The ongoing global infrastructure development, particularly in emerging economies, will continue to fuel demand. Furthermore, the increasing focus on sustainable and durable materials in various industries, combined with zinc's inherent corrosion resistance and recyclability, strengthens its position in the market. The industry's leading players – Boliden Group, Glencore, Grupo Mexico, Hindustan Zinc, KOREAZINC, MMG Australia Limited, Nyrstar, Teck Resources Limited, Vedanta Resources Limited, and Volcan – are strategically positioned to capitalize on these opportunities, driving innovation and expanding their market presence. Segmentation analysis, though not provided, likely reveals variations in growth rates across different applications and geographic regions, highlighting specific areas of future investment and potential returns. 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 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.

Global Copper, Nickel, Lead, And Zinc market size is expected to reach $255.41 billion by 2029 at 9.7%, increasing adoption of electric vehicles fuel growth in the copper, nickel, lead, and zinc market

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