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Zinc ingot is a white or gray color pure zinc metal, which is cast into a block or bar that is suitable for further processing of metal. The zinc ingot is produced using solid-state, crystallization, and ultra high purification processes including sublimation. It has various properties such as high malleability, low maintenance, durable finish standard, free from impurities, and high strength. The zinc ingots have hardwearing material strength and offers resistance to rust. It finds application in the hot-dip galvanizing steel, electrolytic galvanizing, photoengraving plates, zinc oxide, zinc plate, sacrificial anodes, and zinc ball.
The rising demand for zinc ingots in the hot-dip galvanization process to make galvanized steel will fuel the market growth. In the process of hot-dip galvanization, the steel objects are dipped in pools of the molten zinc ingots, so that the melted zinc ingots can be applied to all exposed surfaces of steel. This results in providing high strength to galvanized steel and also protects it from corrosion. Furthermore, zinc ingots are also used in the battery production, where they create a chemical reaction with dry cell battery in a metal housing, which results in voltage potential between two connections. Hence, the rising demand for zinc ingots from these applications will propel the market growth.
Key Market Driver -
Rising demand for zinc ingots in the hot-dip galvanization process and in battery application to drive the market growth
Key Market Restraint -
Side effects of zinc ingots on human health to restrict the market growth
However, when zinc metal is heated to or near the boiling point, it forms the zinc oxide fume, which can cause a specific short-term disease called metal fume fever. It also causes side effects such as vomiting, nausea, metallic taste, diarrhea, and stomach damage. This is anticipated to restrict the market growth.
Based on grade, the zinc ingots market is segmented into Zn> 98.7%, Zn> 99.5%, Zn> 99.99%, and others. Based on end-use, the market is segmented into electroplate, galvanized steel, alloy, zinc oxide, battery, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The key players in the zinc ingots market includes RotoMetals, Pushpa International, ExportersIndia, Hindustan Zinc, Nyrstar, Industrial Metal Supply Company, Advameg Inc., Phoenix Industries Ltd., Siyaram Impex Pvt. Ltd., Shree Metal Industries, Focus Technology Co., Ltd., and S. C. Kundu & Sons.
The Asia Pacific is anticipated to witness sustainable growth during the forecast period. China is the leading country in this region. The growth in this region is associated with the increasing demand for zinc ingots in the chemical industry to form zinc oxide. In Europe, the market is expected to grow owing to the rising demand for zinc ingots for galvanization of steel. In North America, rising production of batteries would drive the demand for zinc ingots. The Middle East & Africa is anticipated to witness signification growth, owing to the increasing adoption of Zn >99.99% grade in steel industry.
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