Recycled Zinc Market Size, Share & Trends Analysis Report by Type (Residue and Drosses, Whole Products, Steel Filter Dust) by Application (Galvanized Coil, Rolls and Extruded Products, Pigments and Other Compounds) and Segment Forecasts, 2023-2031
USD 3250
Market Overview
The Global Recycled Zinc Market Size will significantly grow at a CAGR of approximately 5% by forecast period.
Non-ferrous metal zinc is naturally recyclable and may be recycled endlessly without losing any of its original chemical or physical characteristics. Currently, over 70% of zinc originates from primary refining of zinc ores (including 10% to 15% from recycled sources) and about 30% comes directly from recycled zinc (representing 80% of the zinc that is available for recycling). As technology advances, recycling rates continue to rise.
Zinc is a moderately reactive metal that may react with dilute acids to produce hydrogen as well as interact with oxygen and other non-metals. Zinc is widely available in nature. The first mile of the earth’s crust beneath the surface is thought to contain 224,000,000 million tonnes of zinc. However, these estimates do not take into account whether or not it is feasible economically or environmentally to use these resources. Sphalerite, sometimes referred to as zinc blende, is the most typical zinc mineral. This mineral, which is present in practically all commercially mined zinc resources, crystallizes as pure zinc sulfide from the hydrothermal solution. Among other metals, lead, copper, silver, and zinc are frequently mined together.
Due to trade restrictions and government lockdowns, the COVID-19 pandemic had a substantial influence on the recycled zinc for chemical and material manufacturers. The lack of raw supplies also had a negative impact on manufacturing.
Market Dynamics
Market Drivers
The expansion of the international market for recycled zinc has been directly impacted by the rising demand for products like galvanized coil, galvanized pipe, rolls and extruded goods, pigments and other compounds, and others.
Market Restraints
It is hard to forecast when zinc-coated steel products used in construction may show up in waste streams, thus further study will be required on this.
Market Opportunities
A key development in the recycled zinc sector is the growing use of residue and dust, whole products, and steel filter dust.
Segmental Analysis
Segmentation By Type
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Residue and Drosses
Dross is a mass of solid impurities floating on a molten metal or dispersed in the metal, such as in wrought iron. It forms on the surface of low-melting-point metals such as tin, lead, zinc or aluminium or alloys by oxidation of the metal. For higher melting point metals and alloys such as steel and silver, oxidized impurities melt and float making them easy to pour off.
With wrought iron, hammering and later rolling remove some dross.With tin and lead the dross can be removed by adding sodium hydroxide pellets, which dissolve the oxides and form a slag. If floating, dross can also be skimmed off.
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Whole Products
Whole product is a generic product (or core product) augmented by everything that is needed for the customer to have a compelling reason to buy. The core product is the tangible product that the customer experiences. The whole product typically augments the core product with additional elements required for the product to have compelling value to a customer.
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Steel Filter Dust
Dust and particle filtration systems refer to systems that we use to separate particles with dust from air or gas. This system is specifically designed to handle large volumes of dust loads released from commercial and industrial processes. Typically, an industrial dust collector system comprises of a dust filter, a blower, a dust removal system, and a filter cleaning system.
Segmentation By Application
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Galvanized Coil
The process of applying a protective zinc coating to steel or iron, to prevent rusting. The most common method is hot-dip galvanizing, in which the parts are coated by submerging them in a bath of hot, molten zinc.
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Rolls and Extruded Products
Extruded products are mostly manufactured without plasticizers (rigid), which includes all major products such as window and door profiles, siding, and pipes, and many other products such as blinds, clear compounds, fencing, interior profiles, planks, and sheets. Tubing and medical devices are made from semi-rigid formulations, and gaskets, some pipes (such as irrigation pipe), some medical devices, and water-stop seals are made from flexible formulations.
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Pigments and Other Compounds
pigment is any colored material of plant or animal cells. Many biological structures, such as skin, eyes, fur, and hair contain pigments (such as melanin). Animal skin coloration generally comes about through specialized cells called chromatophores, which creatures such as the octopus and chameleon can manipulate to modify the animal's hue. Many conditions affect the levels or nature of pigments in plant, animal, some protista, or fungus cells. For instance, the disorder called albinism affects the level of melanin production in animals.
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Regional Analysis
The Global Recycled Zinc Market is segmented by region as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
The biggest market will continue to be Asia-Pacific, and throughout the projected period, it is anticipated to see the strongest growth because to the area's accelerating industrialization, urbanization, and building and construction activity, particularly in China and India.
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Key Players
- American Zinc Recycling Corp.
- KOREA ZINC
- Moxba
- Recyclex
- Grupo ReciclaBR
- Zinc National
- HANWA Co., Ltd.
- International Zinc Association
- ZIMETSA
- Boliden Group
- Imperial Group
Recent Developments
In March of 2022, Cortec Corporation, a major manufacturer and distributor of VCI materials, will release a new VCI liquid for use in the metalworking sector. The product's intended use is in metalworking, where it will protect ferrous and non-ferrous metals against corrosion.
Daubert Cromwell, a major manufacturer and distributor of VCI materials worldwide, released an environmentally friendly VCI liquid for the automobile sector in January 2022. Since nitrites, a component often included in VCI goods, are known to have negative impacts on the environment, they were left out of the product's formulation.
Branopac, a VCI product maker located in Germany, released a new VCI liquid for use in packaging in the month of October 2021. Long-term corrosion prevention for metal parts and components during shipping and storage is the product's stated goal.
The United States-based VCI product supplier Armor Protective Packaging introduced a new VCI liquid for the maritime sector in August 2021. This product is specially developed to prevent metal parts and components from corroding in saltwater.
