Technavio’s zinc market research report predicts that the global zinc market will grow at a CAGR of nearly 4% during the forecast period. One of the primary drivers of the market’s growth is the infrastructure growth in emerging markets. The rise in modernization and urbanization is expected to lead the growth in residential and non-residential construction globally. Moreover, zinc is utilized in the manufacture of bronze and brass used in gutters, roofing, and downpipes. The application of zinc in galvanizing steel products and its use in the construction sector boosts the global zinc market’s growth. Furthermore, the fast-growing infrastructure and investments in the sector and rising construction industry in developing countries like China propels the demand for galvanized products which, in turn, drives the zinc market growth globally.
In terms of geography, APAC dominated the global zinc market during 2016 and is expected to continue the domination during the forecast period. The rising utilization of zinc in industries like automotive, consumer durables, and durables drive the zinc market growth. Furthermore, the increased demand for zinc from developing countries in the region and rising growth of infrastructure propel the progress of the market globally.
Updated On 19-Dec-2018
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