by The zinc dust market has been a crucial mineral resource that plays a vital role in several industrial applications such as galvanizing metals, chemicals manufacturing, fertilizers, pigments and pharmaceuticals among others. Zinc dust is produced through zinc refining processes to facilitate electroplating and galvanizing of steel and cast iron. It provides corrosion protection and produces a bright, reflective surface with a characteristic silver-grey finish. The mineral zinc plays a key role in human nutrition and is naturally present in many foods. Zinc deficiency can cause stunted growth and immune dysfunction in children.
The Global zinc dust market is estimated to be valued at US$ 425.27 Bn in 2024 and is expected to exhibit a CAGR of 9.0% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Zinc Dust Market Size are Puratos (Belgium), IREKS GMBH (Germany), Lallemand Inc. (Canada), Lesaffre (France), Goodmills (Austria). Puratos is a leading manufacturer of yeast and bakery ingredients globally.
The rising demand from metallurgy and chemical industries is expected to drive the growth of zinc dust market over the forecast period. Zinc coatings are used to protect steel from corrosion which increases its lifespan. Growing infrastructure development is positively impacting the steel industry and subsequently zinc dust consumption.
The zinc dust manufacturers are investing in improving their distribution networks across developed as well as developing countries to cater to the rising global demand. Regions such as Asia Pacific and Latin America offer immense growth opportunities with the growing industrialization in countries like China, India, Brazil and Mexico.
Market Key Trends
Sustainability has emerged as a key trend shaping the future of zinc dust market. The zinc mining companies are investing in developing greener production processes to minimize environmental impact. Water recycling and emission control technologies are being implemented to obtain certification such as ISO 14001. Zinc coatings provide durable and 100% recyclable corrosion protection for steel extending product lifespan which supports circular economy and reduces carbon footprint. The structural benefits of zinc in enhancing longevity of infrastructure promotes sustainability. The sustainable production practices and inherent sustainability advantage of using zinc will drive its long term consumption growth trends.
Porter’s Analysis
Threat of new entrants: Low barrier to entry as technology and manufacturing process is standardized but established players have advantages of economies of scale and brand reputation.
Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of substitutes but differentiated products of manufacturers reduce impact.
Bargaining power of suppliers: Suppliers have low to moderate bargaining power due to availability of substitutes and less product differentiation.
Threat of new substitutes: Threat of new substitutes is low as zinc dust has advantages over alternatives in terms of properties and applications.
Competitive rivalry: Intense competition among manufacturers due to standardized technology leading to pricing pressures.
Geographical regions of concentration
The Asia Pacific region accounts for the largest share in the zinc dust market in terms of value due to high consumption from end-use industries like construction and chemicals in China, India, and other developing nations.
Fastest growing region
The zinc dust market in Central and South America is expected to witness the highest growth during the forecast period due to rapid infrastructure development, growing construction activities, and rising chemicals industry in countries like Brazil, Argentina, etc.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
