Zinc dust finds extensive usage in the production of zinc alloy, which is primarily used in electroplating processes to protect metals from corrosion and impart decorative aesthetics. Key zinc alloys include brass, bronze and galvanized steel. Growing industrial activity especially in the automotive, construction and electronics industries is augmenting the demand for these alloys, thus boosting the consumption of zinc dust. Zinc alloy plating delivers corrosion resistance and provides protection from chemical reactions, which extends the lifespan of various metal components utilized in machinery, vehicles and buildings. Zinc dust fulfills a crucial role as a raw material in manufacturing zinc alloy coatings.
The global Zinc Dust Market is estimated to be valued at US$ 425.27 Bn in 2024 and is expected to exhibit a CAGR of 9.0% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends
One of the major market trends is the shifting preference towards water-based plating processes. Earlier solvent-based plating was commonly employed which posed environmental and health hazards. However, due to stringent environmental norms prohibiting usage of toxic organic solvents, zinc plating companies are transitioning to environment-friendly and sustainable water-based solutions. Water-based zinc plating mixes use significantly less hazardous substances and heavy metals compared to solvent systems. They generate less VOCs emissions as well. The development of advanced water-soluble zinc dust with optimized particle size distribution is helping boost efficiency and performance of water-based electroplating. This shift to eco-friendly plating trends will support ongoing demand for zinc dust from the galvanizing industry over the coming years.
Porter’s Analysis
Threat of new entrants: The threat for new entrants is moderately high as setup costs for infrastructure and equipment are high. Additionally, existing players have built strong brand recognition and distribution channels in the global zinc dust market over several years.
Bargaining power of buyers: The bargaining power of buyers is medium due to the presence of many established buyers in the market. Buyers can negotiate for better prices by negotiating contracts with suppliers and opting for alternatives.
Bargaining power of suppliers: The bargaining power of suppliers is medium as there are many raw material suppliers and switching costs are low. However, access to quality raw materials is key competitive factor for suppliers in the market.
Threat of new substitutes: The threat of new substitutes is low as there are limited substitutes available for zinc dust based on its properties and key applications in various industries. However, alternatives may emerge with technological advancements.
Competitive rivalry: The competitive rivalry is high due to presence of many global and regional players offering similar products in the market. Players compete on pricing strategies, product quality and innovation.
Key Takeaways
The global Zinc Dust Market Size is expected to witness high growth.
Regional analysis: North America is also expected to grow at a steady rate owing to increasing demand from the automotive and construction industries in the US and Canada. Europe is forecasted to grow at a moderate pace on account of recovery in the construction sector and automotive industry in countries like Germany, UK and France.
Key players operating in the zinc dust market are Puratos (Belgium), IREKS GMBH (Germany), Lallemand Inc. (Canada), Lesaffre (France), Goodmills (Austria). Puratos offers baking mixes and ingredients for artisanal and industrial bakeries across the globe. IREKS GMBH provides yeast, baking agents and mixes. Lallemand is a manufacturer of yeast and bakery ingredient cultures globally.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
