Zinc dust acts as a rust preventative for steel and provides protection against corrosion when applied in coatings and primers. Zinc dust market has wide applications in automotive coatings, construction, metal working, and other end-use industries. It protects metals from oxidation and reduces the need for repairs and maintenance, leading to cost savings.
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, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing demand from end-use industries is expected to drive the growth of the zinc dust market during the forecast period. Zinc dust finds wide applications for corrosion protection in various industries such as automotive, construction, metal working, and others. According to the International Lead and Zinc Study Group's estimates, the consumption of zinc dust for coatings and galvanizing purposes was around 10.5 million tons in 2021. The growing manufacturing sector and the rapid expansion of end-use industries are increasing the demand for zinc from galvanizing and anti-corrosion coatings, which in turn is driving the zinc dust market growth. The growing construction activities across both developed and developing economies are also augmenting the demand for zinc dust.
Segment Analysis
The global zinc dust market is dominated by the metallurgy segment. Around 95% of the total zinc dust produced is consumed by this segment for industrial applications like galvanizing, zinc die casting, and producing zinc alloys. The metallurgy sub-segment witnesses higher demand due to surging need for galvanized steel from construction and automotive industries where it is used for corrosion protection.
Key Takeaways
The global Zinc Dust Market Size is expected to witness high growth.
Regional analysis: Asia Pacific dominates the global market owing to presence of large manufacturing hubs and raw material suppliers in countries like China and India. Some of the key players operating in the zinc dust (Zinc Dust Market) are Puratos (Belgium), IREKS GMBH (Germany), Lallemand Inc. (Canada), Lesaffre (France).
Key players operating in the zinc dust (Zinc Dust Market) are focusing on capacity expansion plans and new product launches to strengthen their market position. Puratos (Belgium) is one of the largest producer of zinc dust and has production facilities in Europe and North America. IREKS GMBH (Germany) specializes in producing zinc dust for galvanizing applications. Lallemand Inc. (Canada) caters to zinc chemicals demand across North America. Lesaffre (France) has a strong distribution network across European countries for zinc dust and other industrial chemicals.
For More Details On The Report, Readhttps://www.trendingwebwire.com/the-global-zinc-dust-market-is-driven-by-increasing-demand/
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