Zinc Dust, Powders, And Flakes Market Size 2024-2028
The zinc dust, powders, and flakes market size is forecast to increase by USD 477.4 million at a CAGR of 4.88% between 2023 and 2028.
- The market is experiencing significant growth, driven primarily by the expansion of the global construction industry. This sector's increasing demand for zinc-based coatings and galvanized steel is fueling the market's momentum. Moreover, developing countries' economic growth and infrastructure development are contributing to increased market opportunities. However, market growth is not without challenges. The volatility in prices of raw materials, such as zinc ore and energy, poses a significant risk to market participants. Producers must navigate these price fluctuations to maintain profitability and competitiveness.
- Additionally, stringent environmental regulations and increasing focus on sustainable production methods present challenges that companies must address to remain compliant and attractive to customers. To capitalize on market opportunities and navigate challenges effectively, companies must stay informed of industry trends and be agile in their business strategies. By focusing on cost efficiency, sustainability, and innovation, market participants can differentiate themselves and thrive in this dynamic market.
What will be the Size of the Zinc Dust, Powders, And Flakes Market during the forecast period?
- The market in the United States is experiencing significant growth due to the rapid industrialization and increased oil exploration activities. The market's sizeable volume is driven by the demand for zinc in various industries, including construction and oil production. In value terms, the zinc dust market holds the largest share, followed by the zinc powder and flakes markets. The export price of zinc dust and powders has been on an upward trend due to increasing demand from international markets. Moreover, the growing emphasis on green initiatives and the shift towards electric vehicles (EVs) is expected to boost the demand for zinc flakes in the battery industry.
- Data analysis indicates that the import price of zinc and its derivatives has been fluctuating due to supply and demand dynamics. Overall, the market is poised for steady growth in the coming years.
How is this Zinc Dust, Powders, And Flakes Industry segmented?
The zinc dust, powders, and flakes industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
- Type
- Chemical grade
- Paint grade
- Others
- Application
- Chemicals
- Paint
- Pharmaceutical
- Personal care and cosmetics
- Others
- Geography
- APAC
- China
- India
- Japan
- Europe
- Germany
- North America
- US
- Middle East and Africa
- South America
- APAC
By Type Insights
The chemical grade segment is estimated to witness significant growth during the forecast period.
Zinc dust, powders, and flakes are essential components in numerous chemical reactions, serving various applications in industries such as life sciences, precious metal recovery, and zinc metal production. In the realm of life sciences, these chemicals act as critical reagents for the synthesis of organozinc compounds. Moreover, they play a pivotal role in the recovery of precious metals like gold, silver, and platinum group metals. Additionally, zinc dust, powders, and flakes are integral to the purification process of leach solutions for zinc metal production. Chemical industries leverage these materials in their manufacturing processes to produce zinc stearate, zinc diacrylate, and zinc borate.
These chemicals subsequently find applications in plastics, rubbers, and flame-retardant materials. The rapid industrialization and increasing green initiatives have fueled the demand for these chemicals in various sectors. Data analysis from reputable s reveals that the import and export prices for zinc dust, powders, and flakes have been fluctuating due to oil and gas exploration activities. The zinc powder market and flakes market have experienced significant growth, driven by the increasing demand for these chemicals in various industries. Analysts predict continued growth in the coming years, making it an attractive investment opportunity for businesses. company analysis indicates that the market is competitive, with several players offering a range of products and services.
Companies must focus on value terms to differentiate themselves in the market and cater to the evolving needs of their customers. Overall, the market presents a promising landscape for businesses seeking to expand their footprint in the chemical industry.
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The Chemical grade segment was valued at USD 757.00 million in 2018 and showed a gradual increase during the forecast period.
Regional Analysis
APAC is estimated to contribute 44% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market is experiencing significant growth, particularly in the Asia Pacific region. This expansion is primarily driven by the increasing demand from the construction and automotive industries. In the construction sector, zinc dust, powders, and flakes are utilized due to their beneficial properties, including their ability to withstand heavy loads, stress, and high pressure in various climatic conditions, as well as their low maintenance costs. These materials are essential in the construction of various structures such as buildings, pedestrian bridges, highway bridges, and railway bridges. Furthermore, the rapid industrialization and green initiatives in the region are contributing to the market's growth.
In the oil and gas exploration activities, zinc flakes are used as a weighting agent in drilling mud, while zinc dust and powders are employed in the production of EVS (Electrogalvanized Steel) in the automotive industry. Data analysis reveals that the import and export prices of zinc dust, powders, and flakes have been fluctuating due to various market dynamics. company analysis indicates that the market is competitive, with several players offering these products. This study provides valuable insights into the market, including market size, volume, and trends.
Market Dynamics
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
What are the key market drivers leading to the rise in the adoption of Zinc Dust, Powders, And Flakes Industry?
- Growth of global construction industry is the key driver of the market.
- The global construction industry has undergone substantial transformations over the past decade, with developed economies, including the US and the UK, grappling with aging infrastructure. This situation has necessitated an increased focus on maintenance and renovation projects, as well as a shift towards sustainable building development and retrofitting practices. The global economy's overall growth further bolsters the expansion of the construction industry. The market has gained significant traction from this industry's growth, as zinc is a crucial component in various construction applications, including galvanizing and paint additives.
- The construction sector's transition towards sustainable and energy-efficient practices has led to increased demand for zinc products due to their corrosion-resistant properties. The market is poised for growth, driven by the construction industry's ongoing evolution.
What are the market trends shaping the Zinc Dust, Powders, And Flakes Industry?
- Growing demand from developing countries is the upcoming market trend.
- The market is experiencing notable expansion in developing economies, particularly China, India, Brazil, Indonesia, and Mexico. This growth is attributed to factors such as the accessibility of raw materials, affordable labor, minimal transportation costs, and lenient mining regulations in these countries. For instance, China, the world's largest producer of zinc, generated approximately 4.2 million metric tons of zinc in 2022. Consequently, it holds the leading position in the global zinc mining industry. Peru and Australia ranked second and third, respectively, with production volumes of around 1.3 million metric tons and 1.1 million metric tons, respectively, in the same year.
- These countries' strategic advantages enable companies to optimize their operations and cater to the increasing demand for zinc dust, powders, and flakes.
What challenges does the Zinc Dust, Powders, And Flakes Industry face during its growth?
- Volatility in prices of raw materials is a key challenge affecting the industry growth.
- The market is subject to price volatility in raw materials, particularly zinc, which can negatively affect market growth. Zinc, a primary component in the production of these products, experiences significant price fluctuations. For instance, in April 2023, zinc prices dropped to their lowest levels in over two and a half years, plunging by more than 40% from their peak in April 2022. This sudden decrease in prices, which fell below USD2,500/ton for the first time since October 2020, can lead to increased production costs for market companies. In turn, manufacturers may struggle to absorb these higher costs, potentially decreasing their profit margins.
- Consequently, price instability in raw materials poses a significant challenge to the growth of the market.
Exclusive Customer Landscape
The zinc dust, powders, and flakes market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the zinc dust, powders, and flakes market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Key Companies & Market Insights
Companies are implementing various strategies, such as strategic alliances, zinc dust, powders, and flakes market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Altana AG - Eckart, a subsidiary of our company, supplies zinc dust, powders, and flakes for optimal corrosion protection in powder coating primers. These offerings enhance the durability and longevity of various industries' products, ensuring superior resistance to environmental factors. By integrating zinc-rich coatings, manufacturers can mitigate the risk of rust and oxidation, ultimately improving their customers' satisfaction and trust.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
- Altana AG
- AVL METAL POWDERS n.v.
- Cynor Laboratories
- EverZinc Group
- Hakusui Tech Co. Ltd.
- Hanchang Ind. Co. Ltd.
- Innomet Powders
- Jiangsu Shenlong Zinc Industry Co. Ltd.
- Loba Chemie Pvt. Ltd.
- Novamet Specialty Products Corp.
- Otto Chemie Pvt. Ltd.
- Pars Zinc Dust Manufacturing Co.
- PARSHVA CHEMICALS
- Sarda Industrial Enterprises
- Shandong Xingyuan Zinc Technology Co. Ltd.
- Silox India Pvt. Ltd.
- The Metal Powder Co. Ltd.
- Thermo Fisher Scientific Inc.
- Toho Zinc Co. Ltd.
- Zochem Inc.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Research Analyst Overview
The global market for zinc dust, powders, and flakes has experienced significant growth in recent years, driven by the rapid industrialization in various sectors. This trend is expected to continue as green initiatives gain traction and value terms such as sustainability and efficiency become increasingly important. The study of the zinc market encompasses a wide range of applications, including the production of galvanized steel, rubber, paint, and plastics. In the energy sector, zinc flakes are used in the production of batteries, particularly those used in Electric Vehicles (EVs). The market dynamics of zinc dust, powders, and flakes are influenced by several factors.
One of the primary drivers is the demand from the construction industry, which utilizes zinc in various applications such as roofing and coating. Another significant factor is the price trend of crude oil, as the production of zinc involves the extraction of zinc from zinc blende, which is often found in association with crude oil. The market for zinc dust, powders, and flakes is highly competitive, with numerous companies offering their products. reports suggest that the market is fragmented, with a few large players dominating the market share. The company analysis of the market reveals that these players have a strong presence in multiple regions and offer a broad range of products.
The import and export prices of zinc dust, powders, and flakes vary significantly depending on the region and the specific application. For instance, the import price of zinc powder is influenced by the cost of transportation and tariffs, while the export price is influenced by the demand and supply dynamics in the destination market. The market for zinc flakes is expected to witness growth due to the increasing demand from the battery industry, particularly for EV batteries. The growth of oil and gas exploration activities is also expected to drive the demand for zinc flakes, as they are used in the drilling process.
Data analysis of the market reveals that the volume of zinc dust, powders, and flakes consumed is increasing at a steady pace. Analysts attribute this growth to the expanding applications of zinc in various industries and the increasing demand for sustainable and efficient solutions. In , the market for zinc dust, powders, and flakes is a dynamic and growing market, driven by the demand from various industries and the increasing importance of sustainability and efficiency. The market is highly competitive, with several companies offering their products, and the price trend of crude oil is a significant factor influencing the market dynamics.
The demand for zinc flakes is expected to witness growth due to the increasing demand from the battery industry and oil and gas exploration activities.
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Market Scope |
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Report Coverage |
Details |
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Page number |
181 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.88% |
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Market growth 2024-2028 |
USD 477.4 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
4.57 |
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Key countries |
China, US, Germany, Japan, and India |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
What are the Key Data Covered in this Zinc Dust, Powders, And Flakes Market Research and Growth Report?
- CAGR of the Zinc Dust, Powders, And Flakes industry during the forecast period
- Detailed information on factors that will drive the growth and forecasting between 2024 and 2028
- Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
- Accurate predictions about upcoming growth and trends and changes in consumer behaviour
- Growth of the market across APAC, Europe, North America, Middle East and Africa, and South America
- Thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the zinc dust, powders, and flakes market growth of industry companies
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