June 16, 2024
Zinc Dust Market

Zinc Dust Market to Register Notable Growth Owing to Rising Application across Diverse Industries

The zinc dust market has been witnessing steady demand with increasing application across diverse industries such as chemical, metallurgy, medicine, agriculture and construction industries. Zinc dust is a flake powder produced by atomizing zinc via compressed air or steam. It offers advantages such as high reactivity, uniform particle size and shape. The growing usage of zinc dust as a dietary supplement, in batteries, roofing and brass production among others has propelled the growth of the market.

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 Growth are Puratos (Belgium), IREKS GMBH (Germany), Lallemand Inc. (Canada), Lesaffre (France), Goodmills (Austria).

The expanding chemical industry coupled with increasing zinc production capacities across countries provides lucrative opportunities for market players. The growing demand for zinc from end-use industries like rubber, medical, pharmaceuticals e.t.c is anticipated to drive the consumption.

The key players are focusing on strategic expansion plans such as acquisitions, partnerships to strengthen their distribution networks and tap emerging regional markets especially in Asia Pacific and Latin America.

Market Drivers

One of the key drivers propelling the zinc dust market growth is the rising application across diverse industries. Zinc dust finds wide usage in zinc-carbon batteries, brass production, welding, etc owing to properties like high reactivity and stability. The growing industrialization and infrastructural activities have augmented the demand from metallurgy and construction Industries. Furthermore, the shifting focus towards high performance and durable finishes in automotive and shipbuilding sectors acts as a high impact rendering driver.

PEST Analysis

Political: Regulations are imposed for safe handling and usage of zinc dust to prevent environmental pollution. Government policies support its usage in anti-corrosion coatings.

Economic: Global economy growth drives construction and industrial activities increasing zinc dust demand. Availability of finances impact investments in end-use industries like galvanization.

Social: Rise in population and urbanization increases needs for infrastructure and consumer goods. Growing health consciousness raises demand for supplements containing zinc.

Technological: New coating methods use zinc dust more efficiently. Zinc recycling technologies and nano-applications spur innovation. Advanced galvanization lines adopt automated systems for higher productivity.

The zinc dust market in terms of value is highly concentrated in Asia Pacific region led by China. Rapid industrialization and infrastructure expansion especially in China, India boosts construction activities driving use of zinc dust in galvanization. Growing automotive and electronics manufacturing also contributes to demand.

North America is the fastest growing regional market for zinc dust supported by economic recovery, reviving construction industry and presence of leading automakers. Demand increases from industrial end-uses like galvanization of steel frames used in manufacturing facilities, equipment and machinery. Recovery in oil & gas sector with investments in pipe coatings and machinery also stimulates consumption.

1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it