The global zinc market to grow at a CAGR of 3.96% during the period 2017-2021.
The report, Global Zinc Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is zinc product forms preferred for CP applications. CP is used to event corrosion of metal surfaces. It includes two metals in an electrochemical reaction, where one acts as the cathode and the other as the anode. This method is widely used in industries such as oil and gas, power, and shipbuilding. It is cost-effective and provides adequate protection to metal surfaces. Zinc is generally preferred as the anode because of its corrosion-resistant property.
According to the report, one of the major drivers for this market is infrastructure growth in emerging markets. Zinc is a highly malleable metal. Thus, it is an important component in several mechanical and product applications such as the manufacture of dry cell batteries. Zinc is also used in the manufacture of bronze and brass used in gutters, down-pipes, and roofing. The fact that the chemical properties of zinc do not alter even after recycling leads to its increasing demand in the market. We expect the global demand for zinc to rise during the forecast period owing to an increase in residential and non-residential constructions around the world.