March 1, 2024
Zinc Dust Market

Zinc Dust Market Is Expected To Be Flourished Bygrowing Application Of Zinc Dust In Agriculture Industry

Zinc dust has applications across diverse industries such as construction, automotive, agriculture, chemical, paints and coatings and others. Zinc dust is used as anti-corrosion coating in steel structures, galvanizing sheets and pipes. It is used in automotive industries for coating brake linings, hinges, locks and other metallic auto-components to protect them from rusting. Zinc dust also finds wide application in agriculture industry for producing zinc-enriched fertilizers that help increasing crop yield. The growing awareness regarding benefits of micronutrients such as zinc for plant growth is driving the demand for zinc fertilizers which in turn is fueling the zinc dust 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, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics

Growing Application of Zinc Dust in Agriculture Industry
Zinc is an essential micronutrient required by plants for normal growth and development. Zinc deficiency negatively impacts crop yield. Application of zinc dust in fertilizers helps overcome zinc deficiency in soil. The growing awareness regarding benefits of zinc enriched fertilizers for improving crop productivity is fueling the demand for zinc dust from agriculture sector.

Increasing Demand from Galvanization Industry
Zinc dust finds major application in hot-dip galvanization process where it is used as a coating to protect steel and iron from corrosion. The growing infrastructure and construction activities globally is propelling the demand for galvanized steel sheets and pipes which in turn is driving the zinc dust market.

Segment Analysis

The global zinc dust market is segmented on the basis of grade and application. Based on grade, the zinc dust market is segmented into battery grade, industrial grade, and others. The industrial grade segment dominates the market and accounts for over 60% of the total market share. Zinc dust finds wide application in industrial processes such as production of tires, chemical applications, paints & coatings, and others. The demand for industrial grade zinc dust is high from these industries.

PEST Analysis

Political: Free trade agreements between countries have positively impacted the zinc dust market. For example, NAFTA supports trade between Canada, US, and Mexico.

Economic: Developing economies in Asia Pacific are driving growth in end-use industries such as automotive and construction, thereby augmenting demand for zinc dust.

Social: Rising disposable incomes have increased spending on luxury and durable goods. This favors market growth.

Technological: New methods to mine and process zinc ore more efficiently and reduce environmental footprint are being researched. Investments in mining technology would support sustainable supply of zinc.

Key Takeaways

The global Zinc Dust Market Size is expected to witness high growth over the forecast period.

Geographically, the Asia Pacific region dominates the market and accounts for over 40% of the global demand. China, India, and other Asian countries are major consumers as well as producers of zinc dust. Rapid industrialization and infrastructure growth in the region are driving up zinc dust consumption.

Key players operating in the zinc dust market are Puratos (Belgium), IREKS GMBH (Germany), Lallemand Inc. (Canada), Lesaffre (France), and Goodmills (Austria). Puratos and IREKS are recognized worldwide for their premium brands and product range. Lallemand and Lesaffre specialize in bakery ingredients including zinc dust.

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