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.

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.

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

In 2021, the Indian zinc market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Zinc consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

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.

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.

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 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.

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.

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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.

The ZINK printing industry is expected to grow at a CAGR of 1.50% in the forecast period of 2025-2034.{{IS_GRAPH}}

Learn more about Market Research Intellect's Zinc Market Report, valued at USD 30 billion in 2024, and set to grow to USD 45 billion by 2033 with a CAGR of 5.5% (2026-2033).

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 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.

Global Copper, Nickel, Lead, And Zinc market size is expected to reach $384.89 billion by 2029 at 7.7%, increasing adoption of electric vehicles fuel growth in the copper, nickel, lead, and zinc market

Zinc Market Outlook

The global zinc market size was valued at approximately $38 billion in 2023 and is projected to reach around $54 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 3.9% during the forecast period. The growth of the zinc market is driven by the increasing demand for zinc in various industries such as construction, automotive, and electronics. The rising infrastructure projects globally, coupled with the expanding automotive industry, are significant contributors to this market growth.

One of the primary growth factors for the zinc market is its extensive use in galvanization, which protects steel and iron from rusting. As construction activities surge globally, especially in emerging economies like China and India, the demand for galvanized steel is expected to rise, thereby boosting the zinc market. Moreover, the automotive industry is another key driver, as zinc is used extensively in the manufacturing of car bodies and parts. The shift towards electric vehicles (EVs) is further anticipated to augment the market demand for zinc, given the metal's role in battery technology.

Another significant growth factor for the zinc market is its application in the healthcare and pharmaceuticals sector. Zinc is an essential trace element necessary for human health, including immune system support, wound healing, and DNA synthesis. The increasing awareness about zinc's health benefits and the rising prevalence of zinc deficiency, particularly in developing regions, are expected to drive the demand for zinc supplements and pharmaceuticals. Additionally, zinc oxide is widely used in dermatology for its protective and healing properties, further supporting market growth.

The agricultural sector also plays a crucial role in the zinc market's expansion. Zinc is a vital micronutrient for plant growth and development, used in fertilizers to enhance crop yield and quality. As the global population continues to grow, the demand for food production increases, directly influencing the need for agricultural inputs like zinc-based fertilizers. Thus, the agricultural sector's growth is anticipated to provide significant momentum to the zinc market over the forecast period.

Regionally, Asia Pacific holds the largest share in the zinc market, driven by substantial industrial activities and infrastructural development in countries like China, India, and Japan. North America and Europe follow, with steady growth attributed to the stable demand from the construction and automotive industries. The Middle East & Africa and Latin America are also expected to witness moderate growth, driven by increasing investments in infrastructure and industrialization. The regional dynamics will continue to shape the market's trajectory, with Asia Pacific expected to maintain its dominance throughout the forecast period.

Type Analysis

The zinc market is segmented by type, including Zinc Oxide, Zinc Sulfate, Zinc Carbonate, Zinc Chloride, and others. Each of these types has specific applications and drives market demand in different ways. Zinc Oxide, for instance, holds a significant share due to its versatile applications in rubber manufacturing, ceramics, pharmaceuticals, and cosmetics. Its role in protecting against UV rays and its use in skin ointments make it a preferred choice in the healthcare and personal care industries.

Zinc Sulfate is another critical segment in the zinc market. It is widely used in agriculture as a fertilizer additive to prevent zinc deficiency in crops, which can adversely affect yield and quality. Additionally, zinc sulfate finds applications in the chemical industry for various processes, including water treatment and as a mordant in dyeing. Its broad utility across multiple sectors highlights its importance in driving the overall zinc market.

Zinc Carbonate, although a smaller segment, plays a vital role in the production of rubber products, such as tires and tubes, and in the preparation of zinc salts. Its usage in the paint industry, due to its anti-corrosive properties, further contributes to its market demand. The niche applications of zinc carbonate ensure a steady demand, supporting the zinc market's growth.

Zinc Chloride is primarily used in the chemical industry for various applications, including as a flux for soldering metals, and in the production of dyes and chemicals. Its role in battery production, particularly in dry cell batteries, adds to its market significance. The growing demand for energy storage solutions i

Global Recycled Zinc Market size will significantly grow at a CAGR of approximately 5%, The biggest market will continue to be Asia-Pacific.
Report Scope:

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.

According to Cognitive Market Research, the global Zink Printing market size will be USD 1524.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 609.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 457.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 350.57 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 76.21 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 30.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
ZINK-Based Printers are the dominant segment in the Zink Printing Market in 2024.

Market Dynamics of Zink Printing Market

Key Drivers for Zink Printing Market

Increasing demand from the packaging and printing industry

One of the major growth drivers in the Zink Printing Market is the rising demand from the packaging and printing industries, since the industry needs effective and versatile printing solutions. Zink printing technology offers on-the-go printing, high-quality output, and cost-effective production—making it quite suitable for packaging and printing applications. It is squarely needed in the packaging and printing industry to respond to the demand of clients and consumers through quick production of label tags and packaging materials that boast vibrant colors and sharp details. Hence, the move to adopt Zink printing technology to help simplify operations and increase productivity with respect to provision and greatly appealing printed output has driven demand surge for Zink printers within the packaging and printing sector.

Increased need for portable printing solutions

Another huge driving force of the Zink printing market is the increased requirement for portable printing solutions, which has been changing with the changing lifestyle and work dynamics of modern consumers. As the trend goes toward mobility and convenience, people and professionals seek compact, light, simple, and hassle-free printing solutions anywhere, anytime. Portable Zink printers do just that: they provide wireless connectivity with small form factors while printing without an ink cartridge or toner. This trend of portable printing solutions comes from the needs at the core of instant gratification, flexibility in printing tasks, and convenience arising from the ability to print anywhere and anytime. Hence, portable Zink printers are a preferred option in the market.

Restraint Factor for the Zink Printing Market

High cost of zink based paper

The high cost of Zink-based paper in the Zink Printing Market presents a problem for consumers and businesses seeking to implement Zink printing technology. The cost of Zink paper, which has embedded color crystals for printing, can have a major impact on the entire costs of employing Zink printers. The higher cost of Zink paper compared to regular printing paper restricts cost-effectiveness and may dissuade certain potential customers from completely adopting Zink printing solutions. As a result, the affordability of Zink-based paper remains a significant limitation in the market, leading manufacturers to research ways to cut manufacturing costs and offer more competitive pricing, making Zink printing more accessible to a broader spectrum of consumers and enterprises.

Impact of Covid-19 on the Zink Printing Market

The outbreak of COVID-19 has had a substantial impact on the electronics and semiconductor sectors. Business and production units in many nations were closed due to a rise in the number of COVID-19 cases, and they are projected to remain closed in the first quarter of 2022. Furthermore, partial or complete lockdown has affected the worldwide supply chain, causing hurdles for manufacturers in reaching customers. Also, the COVID-19 pandemic has a global influence on society and the economy. This outbreak...