The global Zinc Dust Market was valued at US$ 348.25 Billion in 2022, according to Zinc Dust Market Report, by Type (Chemical Grade, Paint Grade, others), by Application (Chemical, Paint, Pharmaceutical, Personal Care & Cosmetics and others) and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa), published by Coherent Market Insights.
The global zinc dust market is expected to reach US$ 554.21 Bn by 2030, exhibiting a CAGR of 5.3% during the forecast period (2023-2030). The market is expected to witness significant growth over the forecast period, attributable to rising demand for zinc dust in various applications such as chemical industrial, paints and coatings, and food thickeners, along with growing demand from end-use industries including cosmetics and the paint industry. Moreover, zinc dust is widely used in the personal care industry and in various applications such as face products, body products, and others.
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https://www.coherentmarketinsights.com/market-insight/zinc-dust-market-5367
Browse 25 market data tables* and 20 figures* on "Global Zinc Dust Market” - Forecast to 2030.
Key Trends and Analysis of the Global Zinc Dust Market:
Zinc dust is significantly employed in the paints and coatings sector. Paints and coatings are extensively used in the construction and automotive industries. Remarkable growth in the construction industry in developed as well as developing countries owing to an increase in urbanization and technological advancements and a rise in the disposable income of consumers are estimated to drive the global zinc dust market during the forecast period. For instance, according to data published by IBEF, India is expected to become the third-largest construction market globally by 2022. The Indian logistics market is estimated to reach US$320 million by 2025. The overall infrastructure capex is estimated to grow at a CAGR of 11.4% over FY21-26.
Key Takeaways of the Global Zinc Dust Market:
- Among applications, paints & coatings segment accounted for a major market share of the global zinc dust market in 2022. Moreover, the energy segment is projected to record the fastest growth in the global zinc dust market during the forecast period. Owing to the increase in demand for paints and coatings in the building, constriction, and automotive sectors.
- Among type, the global zinc dust market can be broadly classified into chemical grade and paint grade. Each type of zinc dust is widely used in end-user industries. Wide application of zinc dust is expected to boost demand for zinc dust products in the downstream industry. Thus, the zinc dust market has high potential in the near future. Manufacturers engaged in the industry are striving to produce high-purity and high-performance zinc dust through the improvement of technology and processes.
- Among regions, Asia pacific accounted for the highest revenue share during the forecast period. China, India, and Japan are the leading countries contributing to market growth in this region. The growth is attributed to the growth of the chemical industry, which raises the demand for zinc dust. Europe is expected to witness substantial growth owing to the rising demand for zinc dust in the cosmetics and personal care industry.
- Major players operating in the global zinc dust market include EverZinc, S. Zinc, Numinor Chemical Industries Ltd., Hanchang, Silox India Private Limited, Metal Powder Company Limited (MEPCO), Toho Zinc Co., Ltd., Hakusui Tech Co., Ltd., Pars Zinc Dust Manufacturing Co. (PZD), Jiangsu Shenlong Zinc Industry Co., Ltd.
- Technology launches, acquisitions, and R&D (Research and development)activities are some of the key strategies adopted by players in the global zinc dust market. For instance, Vizor LLC provides innovative sunscreen solutions and technical support services for Category 1 zinc formulations and custom prototypes. Introduced super zinc 1000 and natural zinc, the next-generation sunscreen ingredients, with the use of surface modification technology. These new products will help the company expand its product portfolio.
Global Zinc Dust Market - Impact of Coronavirus (COVID-19) Pandemic
The rapid spread of the coronavirus has had a significant impact on global markets, as major economies around the world have been put on lockdown as a result of the pandemic. Because of this major lockdown, the consumer market has suddenly lost interest in purchasing any goods. However, as zinc dust is also widely used in cosmetic products, which are considered essential products, and lockdowns are extending, cosmetic products will continue to increase in demand, leading to further growth in the zinc dust market.
