High Demand from Steel and Construction Sectors to Galvanize Global Zinc Market Demand
Zinc is a metal highly used by all end-use industries. It is extracted via carbon reduction of zinc blende (ZnS) in blast furnaces. The corrosion-resistant properties of the metal make it valuable for steel and iron industries for coating of their products. The report on the global zinc market by Market Research Future (MRFR) outlines drivers, restraints, opportunities, and threats as well as measures taken by industry participants in staying afloat in the dynamic market. Market Outlook The global zinc market is predicted to exhibit 4.50% CAGR from 2019 to 2024 (forecast period) to touch a size of USD 7,149.90 million. It can accumulate a volume of 1.01 million tons by 2024. The aerospace sector has commanded a high demand for zinc for its anti-corrosive parts. Expansion of fleets as well as replacement of legacy aircraft can act as a plus for the market. According to the Society of Japanese Aerospace Companies (SJAC), aircraft worth USD 19 billion were procured by th...