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 are widely used in various industries due to their excellent combination of strength, durability, and corrosion resistance. They are commonly used in the automotive, construction, electronics, and telecommunications sectors. Zinc alloys offer advantages such as low melting point, easy casting, and the ability to be recycled, making them attractive for manufacturers. The global zinc alloy market has experienced steady growth over the years, driven by factors such as industrialization, urbanization, infrastructure development, and technological advancements. The demand for zinc alloys is closely tied to the growth of end-use industries, especially automotive and construction. The Global Zinc Alloy market report delivers a holistic evaluation. The report thoroughly analyzes key segments, trends, drivers, restraints, competitive landscape, and factors that play a substantial role in the market.

Global Zinc Alloy Market Definition

Zinc alloy is a type of metal made by combining zinc and another metal. It has a variety of applications in different industries, owing to its properties such as durability, strength, and resistance to corrosion. Zinc alloys are widely used in the automotive industry due to their strength, durability, and resistance to corrosion. They are often used in the manufacture of engine parts, exhaust systems, and suspension components. In addition, zinc alloys are used in the production of body panels and trim pieces. Zinc alloys are used in a variety of mechanical parts due to their resistance to corrosion, high strength, and low melting point. For example, zinc alloys are commonly used in gears, valves, and other moving parts that are exposed to high temperatures and corrosive environments. In addition, zinc alloys can be used to create die-cast parts with complex shapes.

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

Based on the Regional Analysis, The Global Zinc Alloy Market is segmented geographically into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to be the leading market for zinc alloy, due to the presence of a large number of automotive and electrical & electronics manufacturers in the region. The US is the major contributor to the growth of the North American market. Latin America is also expected to be a significant market for zinc alloy, due to the growing demand from the automotive and construction industries in the region. Brazil is a major contributor to the growth of the Latin American market. Europe is expected to be the third-largest market for zinc alloy, due to the presence of a large number of automotive and electrical & electronics manufacturers in the region.

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

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

Customization of the Report

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