Zinc Dust Market |
The global zinc dust market is estimated to be valued at US$ 369.15 Bn in 2023 and is expected to exhibit a CAGR of 6.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:Zinc dust is a fine powder produced by vaporizing and rapidly condensing zinc metal. It is widely used as a coating to protect iron and steel from corrosion. Zinc dust also finds applications in paints & coatings, rubber, ceramics, and batteries due to its rust inhibiting properties.
Market key trends:
One of the key trends in the zinc dust market is its increasing use in the electronics industry for production of printed circuit boards (PCBs). Zinc dust is used as an additive during the electrolytic copper plating process to form a protective layer over PCBs that enhances their corrosion resistance. The rising demand for consumer electronics has been driving the consumption of zinc dust for PCB manufacturing.
Segment Analysis:
The zinc dust market is segmented by application as chemicals, paints & coatings, agriculture, fertilizers, pharmaceuticals, aluminum alloys and others. The chemicals segment held the largest share in 2021 and is expected to continue its dominance during the forecast period. Zinc dust has wide applications in the production of zinc oxide, which is primarily used to manufacture rubber chemicals like vulcanizing agents and retarders. It is also used in the production of zinc chloride.
Key Takeaways:
The Global Zinc Dust Market Demand is expected to witness high growth, exhibiting a CAGR of 6.0% over the forecast period, due to increasing demand from the paints & coatings industry. Asia Pacific dominated the market in 2021 and is expected to continue its dominance during the forecast period. The regional growth is mainly driven by rising pharmaceuticals production in India and China.
Key players operating in the zinc dust market are EverZinc, S. Zinc, Numinor Chemical Industries Ltd., Hanchang, Silox India Private Limited, Metal Powder Company Limited (MEPCO), Toho Zinc Co., Ltd., Hakusui Tech Co., Ltd., Pars Zinc Dust Manufacturing Co. (PZD), and Jiangsu Shenlong Zinc Industry Co., Ltd. The market is fragmented with several regional and global players offering customized zinc dust products.
Regional analysis
Asia Pacific accounts for the largest share in the global zinc dust market, primarily driven by growing paints & coatings and chemicals industry in China and India. According to the statistics bureau of India, the Indian chemicals industry is estimated to reach $300 billion by FY2025 from around $178 billion in 2021, propelling the regional zinc dust demand.
Read More - https://www.trendingwebwire.com/zinc-dust-market-share-and-demand-analysis/
Comments
Post a Comment