Zinc Dust Market - Latest Advancement & Future Trends (2024-2032)

Zinc Dust Market Synopsis:

Zinc Dust Market Size Was Valued at USD 349.28 Billion in 2023, and is Projected to Reach USD 605.30 Billion by 2032, Growing at a CAGR of 6.3% From 2024-2032.

The following is zinc dust, which is a fine, powdery metallic zinc kind that is most commonly used in many industries, thus benefiting from its top-notch anti-corrosive and reductive characteristics. They include products like zinc dust, atomicized zinc flakes, zinc dust and powders manufactured through atomization, distillation or electrolysis and widely utilised in industrial applications such as galvanizing, chemical manufacturing, paints and coatings and batteries industries among others.

Demand for zinc dust has been progressive stable owing to the key uses of the compound across the numerous sectors. Zinc dust is a valued element in the process of galvanization, through which metals and steel in particular become protected from corrosion. Due to growing demand of high-performance coatings especially in infrastructure, automotive and marine industries more manufacturers have entered the market to supply the demand thus driving the market. In the chemical industry, zinc dust is well employed as a reducer agent, especially in the synthesis of dyes and pigments industries. Also, the development of new applications of zinc based battery, especially in renewable energy storage and ev batteries has paved the way to new markets.

Regionally, there is a lot of demand for the market in the areas which have strong industrial and construction activity. The Asia-Pacific region is most noted because of the continued urbanization, infrastructural development and high demand in automotive and construction industries compounded by the favourable weather conditions for production. North America and Europe has been vital for the industry owing to the established industries as well as the focus towards sustainable and environment friendly products. But due environmental control measures regarding the product and its disposal pose major challenges to Zinc manufacturers. However the limitations have been described above new improvements in production technologies and expanding research and development aspects have thrilled the market continuously.

Zinc Dust Market Trend Analysis:

Growing Adoption in High-Performance Coatings

• The recent trend identified in the high-performance coatings is the adoption of zinc dust in the production of these coatings. Automotive automotive, aerospace, and marine industries are some of the major users that use zinc-rich coating to provide improvement in the corrosion resistance and durability. Many of these coatings are formed with as much as 50% zinc dust and are highly resistant to the effects of the external environment such as moisture, salt and air born pollutants. This is especially important to those structures that deal with severely hostile environments like marine vessels, offshore platforms or even bridges.
• Subsequent developments in the chemistry of paint and coatings have opened still newer possibilities for the use of zinc dust. New and improved zinc-rich primers and coatings that provide good anti corrosive characteristics as well as being environmentally friendly are available in the market. For example, the use of products with no solvents as well as products with low amounts of volatile organic compounds is now trending, especially with the world turning green. Such trend is likely to support growth in the zinc dust market since industries continue to embrace durability and environemental standards.

Expanding Use in Energy Storage Systems

• The potential application area for zinc dust is expected to experience significant growth in its use especially within energy storage purposes. Zinc based batteries such as zinc air batteries and zinc carbon batteries are rapidly emerging on the scene as better solutions than the lithium ion batteries due to their cost efficiency and eco friendly features. These batteries have general features that provide important benefits like energy density, safety, and recyclability, which are preferred in the storage system of renewable energy and EVs.
• Promotion of sustainable energy systems and solutions on the one hand, along with higher investments in renewable energy systems on the other, have created a demand scenario for zinc based batteries. Around the globe, governments and private companies look for zinc as the material for energy storage since it is more promising in comparison with lithium – and cheaper. This emerging importance of zinc-based battery technologies is likely to generate a strong and sustainable market for high-purity zinc dust in the future of world energy storage systems.

Zinc Dust Market Segment Analysis:

Zinc Dust Market is Segmented on the basis of Production Process, Grade, Application, End User, and Region

By Production Process, Atomization Process segment is expected to dominate the market during the forecast period

• The production of zinc dust involves three main processes: These are atomisation, distillation, and electrolysis. The atomization process which has gained popularity due to its effectiveness, affordability and high production rate involves melting of zinc and squirting it into small droplets which on hardening turns into powder. This method is most preferred due to the fact that it is more appropriate for use in large quantities products such as galvanizing and coatings manufacture.
• The process of electrolysis is far more superior in terms of its purity and thus it’s widely applied in battery production and synthesis of special chemicals. Although this method is energy-intensive and costly in comparison with electrochemical deposition, it has significant advantages due to the high quality and stability of zinc dust obtained. Even though less frequent than filtration, distillation is applied where particular shapes and sizes of particles are necessary.

By Application, Galvanizing segment expected to held the largest share

• There are many uses of zinc dust and the largest of them is the galvanizing industry. Application of zinc dust in galvanizing offer enhanced prefix corrosion protection to steel structures especially for the constructions, Automobile and marine industries. Increase in infrastructure development all over the world is also adding to the increased use of zinc dust produced by galvanized steels, hence the increase in demand.
• In the paints and coatings industry, zinc-rich primers and anti-corrosion coatings are becoming popular as they enable the enhanced durability of underlying metalto. Also, within the chemical manufacturing industry, zinc dust serves as an essential reductant within the manufacture of a number of chemicals, such as dyes, pigments, and pharmaceuticals. Innovations in the usage of zinc-based batteries and RESS also reflect on the new use of zinc dust in the innovative technologies.

Zinc Dust Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast period

• The Asia-Pacific region is expected to lead the consumption of zinc dust, owing to the increasing industrialization and urbanization across the region, including China, India and Japan. There is strong leadership due to the expanding construction and automotive industries within the geographic region together with investments in infrastructural growth. In addition, well-established key manufacturers and easy availability of raw material enormously promote the production capabilities in the region.
• Together with classic uses, the Asia-Pacific region is experiencing increasing demand for zinc-based energy storage and sophisticated coatings. This, combined with governments’ focus on renewable energy and sustainability, increases the usage of zinc dust in new uses. Remaining competitive on production costs and maintain strong and efficient supply chain assures the regions continued reign in the global market.

Active Key Players in the Zinc Dust Market

• Glencore (Switzerland)
• Hindustan Zinc Ltd. (India)
• Korea Zinc Co., Ltd. (South Korea)
• Nyrstar (Belgium)
• Umicore (Belgium)
• American Chemet Corporation (United States)
• EverZinc (Belgium)
• Transpek-Silox Industry Pvt. Ltd. (India)
• Votorantim Group (Brazil)
• Zochem, Inc. (Canada)
• Toho Zinc Co., Ltd. (Japan)
• Rech Chemical Co., Ltd. (China)
• Other Active Players

Key Industry Developments in the Zinc Dust Market:

• In January 2023, Umicore is a leading circular materials technology company with an extensive expertise in the fields of material science, chemistry and metallurgy which has announced that it had signed a long-term agreement with a leading global paints and coatings company to supply zinc dust. The agreement is for a period of five years and is worth an estimated 100 million euros.
• In February 2023, Votorantim Group announced that it had started production at its new zinc dust plant in Brazil. The plant has a capacity of 50,000 tons per year and is expected to meet the growing demand for zinc dust in the region. Votorantim Group is a permanently capitalized investment holding company, with a long-term investment approach in Brazil and worldwide,
• In March 2023, Hanchang announced that it had signed a contract to supply zinc dust to a leading global automotive manufacturer. The contract is for a period of three years and is worth an estimated US$50 million.
• In April 2023, Transpek-Silox Industry announced that it had increased its zinc dust production capacity by 20%. The increase is in response to the growing demand for zinc dust in the Asia Pacific region.