Zinc Market Could be Worth $34.4 Billion by 2018

Research and Markets released a report titled Global Zinc Industry 2013-2018: Trends, Profits and Forecast Analysis, noting in its press release that it expects the global zinc market to reach $34.4 billion in 2018 with a compound annual growth rate of 4.4 percent over the next five years.

As quoted in the press release:

As the study indicates, increasing demand of zinc for galvanizing steel from construction sector, demand of zinc alloys and die-casting in automobile sector, and investment in infrastructure development are the industry’s major drivers. The zinc industry is expected to face certain challenges such as rising energy costs and achieving economies of scale to reduce costs and improve the quality of output. Other difficulties include scarcity of raw materials from the mining sector, such as zinc sulfide, and government regulations that cover mining. Rapidly increasing raw materials prices have also posed a challenge to the players in maintaining their profitability trend.

Click here to read the full Research and Markets press release.