Global Zinc Ingots Market Size Was Valued At USD 29.87 Billion By 2035 | CAGR Of 4.6%

Global Zinc Ingots Market Size Was Valued At USD 29.87 Billion By 2035

According to a research report published by Spherical Insights & Consulting, The Global Zinc Ingots Market Size Is Expected To Grow From USD 18.21 Billion In 2024 To USD 29.87 Billion By 2035, At A CAGR Of 4.6% During The Forecast Period 2025-2035.

Browse 210 Market Data Tables And 45 Figures Spread Through 190 Pages and In-Depth TOC On the  "Global Zinc Ingots Market Size, Share, and COVID-19 Impact Analysis, By Grade (Zn> 98.7%, Zn> 99.5%, Zn> 99.99%, and Others), By End-Use (Electroplate, Galvanized Steel, Alloy, Zinc Oxide, Battery, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035."  Detailed Report Decription Here :   https://www.sphericalinsights.com/reports/zinc-ingots-market     

The zinc ingots market involves the production and international distribution of refined zinc in solid ingot form, a key raw material for multiple industrial applications. Zinc ingots are essential for protecting steel through galvanization and are widely used in die casting, brass and alloy production, chemical processing, and battery manufacturing. Market growth is fueled by demand from the construction, automotive, and infrastructure sectors, which require corrosion-resistant, strong, and lightweight materials. Developing countries, particularly China and India, contribute significantly to consumption. Additionally, the rise of electric vehicles boosts demand for zinc-based alloys and die-cast components, further supporting market expansion. The zinc ingots market is constrained by volatile raw material and energy costs and strict environmental regulations.

The Zn> 99.99% segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.

Based on the grade, the zinc ingots market is divided into Zn> 98.7%, Zn> 99.5%, Zn> 99.99%, and others. Among these, the Zn> 99.99% segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The Zn>99.99% zinc segment led market growth, driven by high demand for ultra-pure zinc in electronics, batteries, galvanisation, and advanced industrial applications requiring superior quality and performance.

The galvanized steel segment accounted for the highest market revenue in 2024 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the end-use, the zinc ingots market is divided into electroplate, galvanized steel, alloy, zinc oxide, battery, and others. Among these, the galvanized steel segment accounted for the highest market revenue in 2024 and is anticipated to grow at a significant CAGR during the forecast period. The galvanized steel segment market growth is driven by strong demand in construction, automotive, and infrastructure sectors for corrosion-resistant, durable, and lightweight steel products.

Asia Pacific is expected to hold the majority share of the global zinc ingots market during the forecast period.

Asia Pacific is expected to hold the majority share of the global zinc ingots market during the forecast period. Asia Pacific is expected to dominate the global zinc ingots market, driven by rapid urbanization, large-scale infrastructure projects, expanding automotive and construction industries, rising demand for corrosion-resistant materials, and increased zinc consumption in developing countries such as China and India.

North America is anticipated to grow at the fastest pace in the global zinc ingots market during the forecast period. North America is expected to witness the fastest growth in the global zinc ingots market, driven by rising demand for galvanized steel in construction, increasing automotive production, adoption of electric vehicles, and investments in infrastructure and renewable energy projects.

Major vendors in the global zinc ingots market are Nyrstar NV, Hindustan Zinc Ltd., Korea Zinc Co., Ltd., Glencore plc, Teck Resources Limited, Trafigura Pte Ltd., Boliden AB, Sumitomo Corporation, Advameg Inc., Siyaram Impex Pvt. Ltd., China Minmetals Corporation, Zinc Nacional S.A. de C.V., Phoenix Industries Ltd., Industrial Metal Supply Company, and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Development 

• In January 2025, Hindustan Zinc showcased its new zinc die-casting alloys, HZDA 3 and HZDA 5, at Bharat Mobility Global Expo 2025 in New Delhi. Highlighting its extensive zinc, lead, and silver portfolio, the company emphasized zinc’s role in automotive corrosion resistance, lightweight steel, and fuel and emission savings.
• In September 2024, Nyrstar announced its Balen, Budel, Clarksville, and Hobart zinc smelters received The Zinc Mark, recognizing best-in-class responsible production. CEO Guido Janssen highlighted the achievement’s reflection of Nyrstar’s ESG commitment, supporting green transition, high-tech applications, regional security, and the health, safety, and well-being of local communities.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the zinc ingots market based on the below-mentioned segments:

Global Zinc Ingots Market, By Grade

• Zn> 98.7%
• Zn> 99.5%
• Zn> 99.99%
• Others

Global Zinc Ingots Market, By End-Use

• Electroplate
• Galvanized Steel
• Alloy
• Zinc Oxide
• Battery
• Others

Global Zinc Ingots Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

 
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