Zinc Powder Market

The global zinc powder market is projected to experience growth in both consumption and value from 2022 to 2030, with an anticipated CAGR of +2.6% in consumption and +5.3% in value. China, the United States, and Turkey are the top countries in terms of consumption and production. Production and consumption have seen minor fluctuations over the years, with Turkey showing significant growth in both consumption and production. Imports and exports have also increased, with Belgium and Germany being top exporters and the United States and China as top importers. Prices have remained relatively stable, with the United States having the highest export price and the Philippines having the lowest.

Market Forecast

Driven by rising demand for zinc powder worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +2.6% for the period from 2022 to 2030, which is projected to bring the market volume to 2.3M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.3% for the period from 2022 to 2030, which is projected to bring the market value to $7.5B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Zinc Dust, Powders And Flakes (Excluding Zinc Dust Powders Or Flakes Prepared As Colours, Paints Or The Like, Zinc Pellets)

In 2022, consumption of zinc dust, powders and flakes (excluding zinc dust powders or flakes prepared as colours, paints or the like, zinc pellets) increased by 2.7% to 1.9M tons, rising for the third year in a row after six years of decline. Overall, consumption, however, continues to indicate a pronounced curtailment. As a result, consumption reached the peak volume of 3.3M tons. From 2014 to 2022, the growth of the global consumption remained at a lower figure.

The global zinc powder market revenue reached $4.9B in 2022, therefore, remained relatively stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a perceptible curtailment. As a result, consumption reached the peak level of $7.8B. From 2014 to 2022, the growth of the global market failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (366K tons), the United States (195K tons) and India (141K tons), with a combined 37% share of global consumption. Turkey, Germany, Japan, Pakistan, Nigeria, Indonesia, Bangladesh, France, Italy and Mexico lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Turkey (with a CAGR of +4.7%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, China ($1.3B), the United States ($667M) and Turkey ($368M) appeared to be the countries with the highest levels of market value in 2022, with a combined 47% share of the global market.

Among the main consuming countries, Turkey, with a CAGR of +6.0%, saw the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of zinc powder per capita consumption in 2022 were Turkey (1,254 kg per 1000 persons), Germany (1,023 kg per 1000 persons) and the United States (582 kg per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Turkey (with a CAGR of +3.3%), while consumption for the other global leaders experienced mixed trends in the per capita consumption figures.

Production

World Production of Zinc Dust, Powders And Flakes (Excluding Zinc Dust Powders Or Flakes Prepared As Colours, Paints Or The Like, Zinc Pellets)

In 2022, global production of zinc dust, powders and flakes (excluding zinc dust powders or flakes prepared as colours, paints or the like, zinc pellets) totaled 2M tons, increasing by 3.5% against the previous year's figure. Over the period under review, production, however, continues to indicate a perceptible reduction. The growth pace was the most rapid in 2013 when the production volume increased by 17% against the previous year. As a result, production attained the peak volume of 3.3M tons. From 2014 to 2022, global production growth remained at a lower figure.

In value terms, zinc powder production fell to $4.9B in 2022 estimated in export price. Overall, production, however, saw a perceptible shrinkage. The growth pace was the most rapid in 2013 when the production volume increased by 15% against the previous year. As a result, production attained the peak level of $7.5B. From 2014 to 2022, global production growth remained at a lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were China (359K tons), the United States (186K tons) and India (142K tons), together comprising 35% of global production. Turkey, Germany, Japan, Sweden, Pakistan, Nigeria, Belgium, Indonesia, Bangladesh and South Korea lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +10.2%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Zinc Dust, Powders And Flakes (Excluding Zinc Dust Powders Or Flakes Prepared As Colours, Paints Or The Like, Zinc Pellets)

In 2022, purchases abroad of zinc dust, powders and flakes (excluding zinc dust powders or flakes prepared as colours, paints or the like, zinc pellets) increased by 5% to 173K tons, rising for the third consecutive year after two years of decline. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 19% against the previous year. Over the period under review, global imports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, zinc powder imports totaled $569M in 2022. The total import value increased at an average annual rate of +4.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 33%. Global imports peaked in 2022 and are expected to retain growth in years to come.

Imports By Country

Thailand (29K tons) and the United States (20K tons) were the key importers of zinc dust, powders and flakes (excluding zinc dust powders or flakes prepared as colours, paints or the like, zinc pellets) in 2022, accounting for near 17% and 11% of total imports, respectively. It was distantly followed by Zambia (12K tons) and Poland (9.7K tons), together creating a 13% share of total imports. The following importers - Japan (7.7K tons), China (7.4K tons), Germany (7.3K tons), France (5.7K tons), Taiwan (Chinese) (5.7K tons), Indonesia (4.6K tons), Singapore (4.5K tons), Belgium (4.2K tons) and India (4K tons) - together made up 30% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Zambia (with a CAGR of +169.3%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($93M) constitutes the largest market for imported zinc dust, powders and flakes (excluding zinc dust powders or flakes prepared as colours, paints or the like, zinc pellets) worldwide, comprising 16% of global imports. The second position in the ranking was held by China ($32M), with a 5.7% share of global imports. It was followed by Japan, with a 5.6% share.

In the United States, zinc powder imports increased at an average annual rate of +1.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: China (+4.6% per year) and Japan (+15.1% per year).

Import Prices By Country

The average zinc powder import price stood at $3,292 per ton in 2022, surging by 4.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2017 an increase of 18% against the previous year. Over the period under review, average import prices hit record highs at $3,637 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($5,162 per ton), while Thailand ($921 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+7.6%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Zinc Dust, Powders And Flakes (Excluding Zinc Dust Powders Or Flakes Prepared As Colours, Paints Or The Like, Zinc Pellets)

In 2022, global exports of zinc dust, powders and flakes (excluding zinc dust powders or flakes prepared as colours, paints or the like, zinc pellets) rose remarkably to 248K tons, growing by 11% on the previous year. Over the period under review, total exports indicated a slight increase from 2012 to 2022: its volume increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.3% against 2017 indices. The most prominent rate of growth was recorded in 2015 when exports increased by 28% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, zinc powder exports expanded significantly to $624M in 2022. In general, exports posted temperate growth. The growth pace was the most rapid in 2018 when exports increased by 34% against the previous year. Over the period under review, the global exports hit record highs in 2022 and are likely to continue growth in years to come.

Exports By Country

The biggest shipments were from Sweden (42K tons), Thailand (33K tons), Belgium (31K tons), the Philippines (23K tons), Germany (21K tons) and South Korea (16K tons), together resulting at 67% of total export. The United States (11K tons), Malaysia (11K tons), Indonesia (5.5K tons), India (5.3K tons), Canada (4.5K tons), Denmark (3.9K tons) and Democratic Republic of the Congo (3.8K tons) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Denmark (with a CAGR of +59.3%), while the other global leaders experienced more modest paces of growth.

In value terms, Belgium ($137M) remains the largest zinc powder supplier worldwide, comprising 22% of global exports. The second position in the ranking was held by Germany ($65M), with a 10% share of global exports. It was followed by Sweden, with a 9.4% share.

In Belgium, zinc powder exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (+4.5% per year) and Sweden (+16.2% per year).

Export Prices By Country

In 2022, the average zinc powder export price amounted to $2,510 per ton, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2017 an increase of 26% against the previous year. The global export price peaked at $3,082 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($4,865 per ton), while the Philippines ($264 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+16.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform