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The zinc dust, powders, and flakes market size is estimated to grow at a CAGR of 4.87% between 2022 and 2027. The market size is forecast to increase by USD 456.13 million. The growth of the market depends on several factors such as the growth of the global construction industry, growing demand for zinc dust, powders, and flakes for EVs and growth in oil and gas exploration activities
This zinc dust, powders, and flakes market report extensively covers market segmentation by type (chemical grade, paint grade, and others), application (chemicals, paint, pharmaceutical, personal care and cosmetics, and others), and geography (APAC, Europe, North America, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our researchers analyzed the data with 2022 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.
Growth in oil and gas exploration activities is a major factor driving the market growth. Zinc dust, powders, and flakes are generally used in the oil and gas industry to protect pipelines, tanks, and offshore structures such as oil and gas platforms from corrosion. Pipelines play a crucial role in transporting oil and gas over long distances in the oil and gas sector. The rising E&P activities in the oil and gas industry, especially in developing economies such as India, will boost the demand for zinc dust, powders, and flakes. There has been an upsurge in oil and gas E&P activities, mainly owing to the increasing investments in the oil and gas E&P sector. For instance, in 2023, India is expected to invest USD 58 billion in exploration and production activities related to oil and gas resources.
Moreover, the depletion of oil and gas from easily accessible onshore locations is also promoting companies to undertake oil and gas E&P activities in less explored areas, such as offshore regions. Because of the rising prices of crude oil, the future of deep-water and ultra-deep-water projects in the oil and gas industry is expected to be promising. Therefore, a surge in oil and gas E&P activities will augment the growth of the global zinc dust, powders, and flakes market in focus during the forecast period.
Key Zinc Dust, Powders, And Flakes Market Trends
Increased acceptance of green initiatives is an emerging trend shaping the market growth. The rising adoption of green initiatives to benefit, preserve, and conserve the environment is promoting the use of zinc dust, powders, and flakes. The demand for low-VOC content materials such as zinc dust, powders, and flakes is anticipated to expand as governments and industries globally prioritize environmental sustainability in all commercial and industrial activities. Zinc dust, powders, and flakes offer long-lasting corrosion protection, thereby lowering the requirement for frequent maintenance and reapplication.
However, this leads to a reduction in waste generation and lower resource consumption over the lifespan of coated structures, aligning with the principles of the circular economy. Consequently, the augmented acceptance of green initiatives and the emphasis on sustainable practices in various industries, such as construction, are anticipated to fuel the growth of the market during the forecast period.
The rising threat from substitutes is a significant challenge hindering market growth. Aluminum dust, powders, and flakes are gaining popularity as alternatives to zinc-based protective coatings. This trend may cause a decrease in demand for zinc-based coatings, which would require manufacturers of zinc dust, powders, and flakes to differentiate and innovate their products to remain competitive. They should highlight the unique advantages of their products, such as superior corrosion resistance, adherence to industry standards, or cost-effectiveness.
Additionally, the availability and advancements of these alternative options may also lead to pricing pressure for market vendors, which could negatively affect the growth of the global zinc dust, powders, and flakes market during the forecast period.
The market research 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 report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Zinc Dust, Powders, and Flakes Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Altana AG - The company offers zinc dust, powders and flakes through its subsidiary Eckart providing excellent corrosion protection properties for powder coating primers.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
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 market 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.
The chemical grade segment is estimated to witness significant growth during the forecast period. Chemical-grade zinc dust, powders, and flakes play a major role in various chemical reactions. and these chemical reactions are significant for various applications, such as life science applications, for the recovery of precious metals and platinum group metals, or the purification process of leach solutions for zinc metal production.
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The chemical grade was the largest segment and was valued at USD 731.19 million in 2017. As part of the manufacturing process, several chemical industries use zinc dust, powders, and flakes, such as zinc stearate, zinc diacrylate, and zinc borate. These chemicals are themselves used in several applications that include plastics, rubbers, and flame-retardant materials. This, in turn, will boost the growth of the chemical-grade segment of the global zinc dust, powders, and flakes market during the forecast period.
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APAC is estimated to contribute 43% 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. Due to the increasing demand from end-user industries, APAC is expected to witness substantial growth in the zinc dust, powders, and flakes market. The construction and automotive industries are the primary drivers for the demand for zinc dust, powders, and flakes in the region. Also, the growth in the automotive industry is driving the demand for zinc dust, powders, and flakes. In APAC countries, automotive companies are investing steadily in expanding their operations.
For instance, in August 2023, Xiaomi announced plans to invest USD 10 billion in the automotive industry over the next decade, with the goal of mass-producing its first cars in the first half of 2024. Consequently, such proliferation in the regional automotive industry will augment the demand for zinc dust, powders, and flakes and, therefore, such factors contribute to the growth of the regional zinc dust, powders, and flakes market during the forecast period.
The COVID-19 outbreak had a negative impact on the regional market. However, the implementation of large-scale COVID-19 vaccination drives and the resumption of supply chain operations helped the regional market regain its growth momentum in 2021. The demand for zinc dust, powders, and flakes is anticipated to advance with the economic recovery underway in countries such as China, India, and Southeast Asian nations. The expanding automotive and construction industries, along with growing awareness of the need for corrosion protection, are likely to fuel the growth of the regional market. Such factors are expected to drive the regional market growth during the forecast period.
The zinc dust, powders, and flakes market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Zinc Dust, Powders, And Flakes Market Scope |
|
Report Coverage |
Details |
Page number |
172 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.87% |
Market growth 2023-2027 |
USD 456.13 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.43 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 43% |
Key countries |
US, China, Japan, India, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
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., 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., and PARSHVA CHEMICALS |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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