Zinc is a widely used metal which protects large structures by enhancing longevity and performance of steel. It also proves to be one of the most effective & economical ways to protect steel against corrosion. The global market for Zinc mining will see a steady growth in the coming years, as the industrialized countries will require better protection for their large structures, which will be achieved through galvanizing steel structures, or coating them with Zinc.
The coating protects the steel against deterioration which cost industrialized economies at least 4 percent of their total GDP every year, according to the International Zinc Association (IZA) estimates. Less corrosion will lead to lower costs and lesser maintenance requirements. Zinc has more attractive properties than any other material that may be used to protect from corrosion. Some of the other Zinc coating methods include Zinc-rich paint, electro-statically applied Zinc and mechanically applied Zinc.
Zinc has several industrial and product applications due to the properties it possess for instance, due to its malleable nature it is extensively used in dry cell batteries. Dry Cell batteries are utilized by the electrical industry for powering hearing aids, wrist watches, calculators, etc. and for various other aeronautical and military applications. Zinc is a versatile metal that doesn’t change its property, even after recycling and has the ability to increase crop production which contributes to sustainable development in many parts of the world. Other common uses of Zinc are die casting and for the production of brass & bronze which are used for Zinc sheet applications such as roofing, gutters and downpipes.
With its ever increasing areas of application, the global Zinc mining industry is expected to grow in the upcoming years. China is the largest producer of Zinc, and contributes to about one-third of the global production. Government regulations to improve the air quality and limit the heavy metal run-off into farms are likely to affect the Zinc mining market. With the growing demand for Zinc in several application areas, the global Zinc mining market is showing increasing demand all over the world.
Asia-Pacific region is the largest producer of Zinc in the world. China is the market leader in terms of Zinc production followed by India, Australia, Peru and the U.S. On the basis of production methods used, the Zinc mining market can be segmented as:
- Combined open-pit & underground mining.
The under-ground mines account for the highest share in terms of production volume followed by open-pit and combined open-pit & underground mining. On the basis of application areas, the global Zinc mining market can be segmented as:
- Consumer goods
- Electrical appliances
- General engineering
Some of the key players in the Zinc mining market include China Shenhua Energy, China Coal Energy, Glencore Xstrata Plc (GLEN), BaoShan Iron & Steel, Scantech, Aluminum Corporation of China, McArthur River and Carrington. Jinchuan Group, a merger of Zijin Mining Group is one of the market leaders in terms of Zinc mining in China. One of the world’s largest Zinc mines, the Red Dog mine is operated by a U.S. based company. Some of the other players in this market include Vedanta Resources, Proano, Campo Morado, La Ciénega and Penasquito mines. Nyrstar is a company formed by collaboration between an Australian and Belgian company and is also one of the top producers of Zinc. Some of the top Zinc mines in the world are operated by Hindustan Zinc, NANA, MMG and Teck Resources.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
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- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
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