Zinc Dust Market: Driving Growth through Increasing Need for Corrosion Protection

Zinc Dust market

Market Overview:
The global Zinc Dust market is estimated to be valued at US$1,479.7 million in 2021 and is expected to reach US$ Mn by 2022 with a CAGR of 3.7%  during the forecast period of 2023-2030, according to a report published by Coherent Market Insights. Zinc dust is a fine powdered form of zinc, widely used in various industries for its superior anti-corrosive properties. With the increasing need for effective corrosion protection in applications such as coatings, paints, rubber, and chemical products, the Zinc Dust market is expected to witness significant growth.

Market Key Trends:
One key trend in the Zinc Dust market is the growing demand from the automotive industry. Zinc dust is extensively used in the automotive sector for cathodic protection, mainly in the production of anti-corrosive coatings for vehicle parts and structures. The rising demand for lightweight vehicles and the need to enhance the durability and longevity of automotive components are driving the adoption of zinc dust. For instance, zinc dust is used in the manufacturing of galvanized steel, which is widely used in automotive body panels. This trend is expected to propel the market growth of Zinc Dust during the forecast period.

Porter's Analysis:
- Threat of New Entrants: The entry barriers for new players in the Global Zinc Dust Market are moderate. Established players have strong distribution networks and brand recognition, making it challenging for new entrants to gain market share. Additionally, the capital-intensive nature of zinc dust manufacturing processes further limits the entry of new players.
- Bargaining Power of Buyers: Buyers in the Zinc Dust market have moderate bargaining power due to the presence of numerous suppliers in the market. However, the critical anti-corrosion properties of zinc dust make it an essential component for various industries, giving buyers limited power to negotiate prices.
- Bargaining Power of Suppliers: Suppliers of zinc dust have moderate bargaining power due to the availability of alternative sources of zinc. However, the industry's concentration is relatively high, with a few key market players dominating the market, which can influence the supply chain dynamics.
- Threat of New Substitutes: The threat of new substitutes in the Zinc Dust market is low. Zinc dust has unique anti-corrosive properties that are difficult to replicate with alternative materials. Therefore, the demand for zinc dust is expected to remain stable despite the availability of substitute products.
- Competitive Rivalry: The competitive rivalry in the Zinc Dust market is intense. Key players are actively engaged in research and development activities to develop innovative products and gain a competitive edge. Market players are also focusing on strategic collaborations and mergers to expand their market presence and enhance their product offerings.

Key Takeaways:
- The global Zinc Dust market is expected to witness high growth, exhibiting a CAGR of 3.7%  over the forecast period, driven by the increasing need for corrosion protection. Zinc dust's excellent anti-corrosion properties make it a preferred choice in industries such as coatings, paints, rubber, and chemicals.
- Asia Pacific is the fastest-growing and dominating region in the Zinc Dust market. The region's rapid industrialization, booming construction sector, and increasing automotive production are contributing to the high demand for zinc dust in this region.
- Key players operating in the global Zinc Dust market include EverZinc, S. Zinc, Numinor Chemical Industries Ltd., Hanchang, Silox India Private Limited, Metal Powder Company Limited (MEPCO), Toho Zinc Co., Ltd., Hakusui Tech Co., Ltd., Pars Zinc Dust Manufacturing Co. (PZD), and Jiangsu Shenlong Zinc Industry Co., Ltd. These players are focusing on expanding their market presence through product innovation and strategic partnerships.

In conclusion, the Zinc Dust market is poised for substantial growth, fueled by the increasing need for corrosion protection across various industries. The automotive industry's demand for zinc dust for anti-corrosive coatings is a significant trend driving market growth. With its unique anti-corrosion properties, the Zinc Dust market is expected to witness strong demand, especially in the Asia Pacific region, during the forecast period.