Zinc Mining Market Characteristics
The zinc mining market consists of sales of zinc ores and concentrates by entities (organizations, sole traders and partnerships) that mine zinc ore. The industry includes establishments carrying out activities such as developing mine sites and preparing zinc ores, lead-zinc ores, zinc-blende (sphalerite) ores, zincite ores, and blende (zinc) ores.
Competitive Landscape of the Zinc Mining Market
Major players in the global zinc mining market include Jinchuan Group, Teck Resources, Nyrstar, Tevali Mining, Hudbay Minerals.
Zinc Mining Market Size
The Zinc mining market size is expected to reach a higher value by 2022, significantly growing at a steady CAGR during the forecast period. The growth in the Zinc mining market is due to increase in various heavy industries in developing countries such as China and Peru owing to rise in population and infrastructure.
However, the market for Zinc mining is expected to face certain restraints from several factors such as interest rate increases, workforce issues and safety.
Zinc Mining Market Segmentation
The global zinc mining market is further segmented based on type and geography.
By Type - The zinc mining market is segmented into construction, transport, consumer goods, electrical appliances, general engineering.
By Geography - The global zinc mining is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific zinc mining market accounts the largest share in the global zinc mining market.
Trends in the Zinc Mining Market
The use of robots in the zinc mining industry is improving the productivity and reduces operational costs. Robotics is increasing the mining capabilities by rolling out autonomous trucks and drills, thus reducing the need for human workforce, as the major trends witnessed in the global non-residential accommodation market.
Potential Opportunities in the Zinc Mining Market
With increase in manufacturing and construction projects the scope and potential for the global zinc mining market is expected to significantly rise in the forecast period.