Global Zinc Alloy Market Size By Type (Brass, Nickel Silver, German Silver), By Application (Electrical Parts, Automotive, Mechanical Parts), By Geographic Scope And Forecast

Zinc Alloy Market Size And Forecast

Zinc Alloy Market size was valued at USD 11.35 Billion in 2023 and is projected to reach USD 26.4 Billion by 2030, growing at a CAGR of 12.64% during the forecast period 2024-2030.

Zinc alloys? Yeah, they're everywhere! You find them in all sorts of industries because they're a great mix of strength, durability, and they don't rust easily. Think cars, buildings, electronics, even phones – zinc alloys are in there somewhere. What's cool is they melt at a low temperature, are easy to mold into shapes, and can be recycled, which makes them a winner for manufacturers. And the zinc alloy market? It's been growing steadily thanks to things like more factories popping up, cities expanding, new buildings going up, and of course, tech getting more advanced. Basically, if cars and construction are doing well, so are zinc alloys. Need the full scoop? You can check out a Global Zinc Alloy market report that dives deep into all the important partsthe key segments, what's trending, what's driving growth (and what's holding it back), who's competing, and basically everything that matters in the market.

Global Zinc Alloy Market Definition

Think of zinc alloy as a team-up between zinc and another metal to make something stronger! Because it's durable, strong, and doesn't rust easily, you'll find it all over the place. For instance, the car industry loves it – you'll see zinc alloys in engine parts, exhaust systems, and even suspension! They're also used for body panels and those shiny trim pieces. Plus, because they're tough against corrosion, super strong, and melt at a lower temperature, they're great for mechanical parts too. Gears, valves, you name it! If it's exposed to heat or nasty stuff, zinc alloy might be there. And because you can easily mold them, you can even make complex die-cast parts.

Global Zinc Alloy Market Overview

In the automotive industry, zinc alloys are used for manufacturing components like door handles, brackets, fuel injection systems, and various engine parts. The increasing production of automobiles, especially in emerging economies, has positively influenced the demand for zinc alloys.

In the construction industry, zinc alloys find applications in roofing, cladding, gutters, and various architectural components. The growth of the construction sector, particularly in developing countries, has contributed to the demand for zinc alloys. Furthermore, the rising adoption of electronic devices and advancements in the telecommunications sector have increased the use of zinc alloys in electronic components, connectors, and other related applications.

Global Zinc Alloy Market Segmentation Analysis

The Global Zinc Alloy Market is segmented based on Type, Application, and Geography.

By Type

• Brass
• Nickel Silver
• German Silver
• Other

Based on the Type, the market is bifurcated into Brass, Nickel Silver, German Silver, and Others. During the forecast period, the brass segment is expected to have a dominant market share in the global market. Brass is a zinc-copper alloy that offers a combination of strength, corrosion resistance, and aesthetics. It is widely used in plumbing fittings, electrical connectors, decorative hardware, and musical instruments. These factors are expected to help this subsegment grow.

By Application

• Electrical Parts
• Automotive
• Mechanical Parts
• Other

Based on the Application, the market is divided into Electrical Parts, Automotive, Mechanical Parts, and Other. In 2022, the automotive segment is expected to hold a dominant market share in the global market. The electronics industry has also played a significant role in driving the demand for zinc alloys. These alloys are used in the manufacturing of electronic components, connectors, and housings due to their electrical conductivity, thermal properties, and corrosion resistance.

Moreover, the telecommunications sector has witnessed advancements and expansions, resulting in increased demand for zinc alloys for applications such as cable connectors, communication equipment, and network infrastructure. During the forecast period, such factors are expected to boost the segment.

By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

When we look at the Regional Analysis, you'll see the Global Zinc Alloy Market is broken down by locationNorth America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Seems like North America is going to be the big player, probably because there are so many car and electrical & electronics companies there. The US is really driving that growth. Latin America is also shaping up to be important, with the automotive and construction industries needing more zinc alloy. Brazil is a key factor there. And Europe? They're expected to be third-largest, thanks to their own robust automotive and electrical & electronics sectors.

Key Players

The “Global Zinc Alloy Market” study report will provide valuable insight emphasizing the global market. The major players in the market are Belmont Metals, Dynacast, AccuCast Inc., Eastern Alloys, American Elements, and PACE Technologies, among others. 

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In 2020, Nyrstar N.V. (Belgium-based mining and metals company) acquired Zinc Nacional (a Mexican zinc oxide producer).
• In 2020, Teck Resources Limited (a Canadian mining company) acquired the zinc and lead assets of Ressources Appalaches.
• In 2020, Korea Zinc Co., Ltd. (A south Korean company) acquired a 20% stake in Telson Mining Corporation (a Canadian mining company), securing a long-term offtake agreement for zinc concentrate.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into Active, Cutting Edge, Emerging, and Innovators categories.

Market Attractiveness

The image of market attractiveness provided further helps to get information about the region leading in the Global Zinc Alloy Market. We cover the major impacting factors driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the global Zinc Alloy Market, gauge the attractiveness of a particular sector, and assess investment possibilities.

Report Scope

Research Methodology of Market Research

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Reasons to Purchase this Report

We dig into the market using both numbers and deeper insights, splitting it up into different groups based on money stuff and other important things. You'll get the market value (in USD Billion) for each of these groups. We'll point out which region and segment are expected to grow the fastest and be the biggest. Our analysis breaks down each geographic area, looking at how much of the product/service is used there and what's influencing the market. We also cover the competitive scene, ranking the big players and noting any new products, partnerships, expansions, or acquisitions from the last five years. For the major players, you'll find detailed profiles with company overviews, insights, product comparisons, and SWOT analysis. Expect a look at the present and future of the industry, including growth opportunities, drivers, challenges, and restraints in both new and established regions. We provide an in-depth market analysis using Porter's five forces and give you a peek into the Value Chain. We'll also explore the market's dynamics and potential growth areas in the coming years. And to top it off, you get 6 months of analyst support after your purchase.

Customization of the Report

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