Zinc Market Trends Point to 15.06 Million Tons Demand by 2031, Industry Driven by Coated Steel Usage | Mordor Intelligence

The "Zinc Market" Insights report offers an in-depth and thorough analysis of the market, covering aspects such as size, shares, revenues, segments, drivers, trends, growth, and development. Additionally, it identifies factors that may limit growth and examines regional industrial presence that could influence market trends beyond 2031. 

Zinc Market Overview: 

The zinc industry size was estimated at 13.78 million tons in 2025 and is expected to grow to 15.06 million tons by 2031, according to analysis from Mordor Intelligence. The Zinc Market Forecast indicates a steady expansion at a CAGR of 1.57% between 2026 and 2031, supported by infrastructure development, corrosion-resistant steel demand, and agricultural micronutrient applications. 

Zinc plays a major role in steel protection through galvanizing, making it widely used in bridges, highways, metro systems, and construction structures. Government infrastructure programs across Asia and North America are increasing coated steel consumption, which supports Zinc Market Growth. In addition, industries such as automotive, renewable energy, electronics, and agriculture are contributing to stable demand across the Zinc Industry. 

ZincMarket Emerging Trends 

Growing Infrastructure Demand

Infrastructure programs across Asia and North America are boosting the use of galvanized steel in bridges, ransport networks, and large-scale construction projects.

Rising EV & Renewable Applications

The expansion of electric vehicles and renewable energy systems is increasing demand for corrosion-resistant coatings such as Zn-Ni and Zn-Mg alloys.

Increasing Use in Agriculture

Zinc-based fertilizers are gaining traction in regions with micronutrient-deficient soils, supporting improved agricultural productivity.

Zinc Companies

• Boliden Group 
• Glencore 
• Grupo Mexico 
• Hudbay Minerals Inc. 
• Ivanhoe Mines 
• Korea Zinc 
• MMG Australia Limited 
• Nexa 
• Nyrstar 
• South32 
• Teck Resources Limited 
• Vedanta Limited 

Access the full report and stay informed with real-time updates tailored to your region-including Japan-specific trends - https://www.mordorintelligence.com/ja/industry-reports/zinc-market?utm_source=Industrytoday  

Zinc Market Segmentation 

By Form: Refined Zinc (Slab), Zinc Alloys, Zinc Compounds (Oxide, Sulfate, etc.), Secondary/Recycled Zinc 

By Production Process: Primary Production (Mining and Smelting), Secondary Production (Recycling) 

By Application: Galvanizing, Die-Casting, Brass, Zinc Oxide and Chemicals, Other Applications 

By End-user Industry: Construction, Transportation, Electrical and Electronics, Consumer Goods, Other End-user Industries 

By Geography: 

Asia-Pacific: China, India, Japan, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Rest of Asia-Pacific 

North America: United States, Canada, Mexico 

Europe: Germany, United Kingdom, Italy, France, Russia, Spain, Turkey, Nordic Countries, Rest of Europe 

South America: Brazil, Argentina, Colombia, Rest of South America 

Middle-East and Africa: Saudi Arabia, United Arab Emirates, Qatar, South Africa, Egypt, Nigeria, Rest of Middle-East and Africa 

Dominating Region 

Asia-Pacific is the leading region in the Zinc Market, supported by strong demand from construction, infrastructure development, and steel manufacturing industries. Countries such as China, India, Japan, and South Korea play a key role in regional consumption due to their large industrial bases and expanding urban infrastructure. Zinc is widely used in galvanizing steel for transportation networks, buildings, and energy projects, which keeps demand stable across the region. In addition, agricultural applications such as zinc-based fertilizers are gaining traction in several Asian countries where soil micronutrient deficiency is common. These factors collectively position Asia-Pacific as the dominant contributor to overall Zinc Market Growth and demand across the global Zinc Industry. 

Conclusion  

The Zinc Market is expected to witness steady demand over the coming years, supported by its essential role in galvanizing steel, construction activities, transportation, and industrial manufacturing. Infrastructure development across emerging economies, increasing use of corrosion-resistant steel in automotive and renewable energy sectors, and the gradual rise of recycled zinc production are shaping the Zinc Market Growth outlook. In addition, applications in fertilizers and chemicals continue to support the broader Zinc Industry. With consistent demand across multiple sectors and regions, the Zinc Market Forecast indicates stable expansion in global consumption through the forecast period. 

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