Zinc Flake Market Size, Share, Growth, and Industry Analysis, By Type (Particle size below 15μm, Particle size: 15μm-20μm and Particle size above 20μm), By Application (Automotive Application, Mechanical Application, Wind Electric Application and Others), Regional Forecast To 2032

Zinc Flake Market Report Overview

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The global Zinc Flake Market size was USD 75 million in 2021 and is expected to reach USD 106.06 million in 2032, exhibiting a CAGR of 3.2%. during the forecast period.

The growth is attributed to the growing application in automotive, mechanical, and wind electric applications. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

The global zinc flake is also known as, zinc-aluminum flake coating. It is basically a type of paint that is used on car bodies, refrigerators, and other metals. This in the coating act as an anti-corrosive agent for the surface coat. They also provide protection against corrosion while giving it aesthetic appeal with their metallic finish. With these properties, they can be used for a variety of applications such as corrosion protection, decorative coatings, and anti-corrosive coating. The zinc coating is applied to metal surfaces for corrosion protection by dipping, spraying, or brushing the surface with a paste made of zinc chloride and water. Increased usage of zinc coating for wind power generation systems also contributes to growth in the global zinc flake market.

The global zinc flake market progression can be credited to the upsurge in the demand due growing demand from the automotive industry. It is widely used in the automotive industry to protect against corrosion and improve the durability of parts. They are applied to various automotive parts such as fasteners, springs, brake components, and chassis components. These coatings offer superior corrosion resistance, abrasion resistance, and durability, which helps to increase the lifespan of automotive parts and components. As the demand for automobiles continues to increase globally, so does the demand for this paint coatings.

COVID-19 Impact: Pandemic led to shut down the operations in automotive and construction which decreased the demand

The effects of the COVID-19 pandemic are already being felt on a global level, market was significantly influenced. The outbreak of COVID-19 had a negative impact on several markets. Various countries went into lockdown. With sudden pandemic, all kinds of businesses observed disruptions. The pandemic had a significant impact on the chemicals & advanced materials as well. The early stages of the pandemic, the zinc flake market experienced a decline in demand as several industries, including automotive and construction, were forced to shut down operations temporarily. This led to a decrease in production and a slowdown in demand for zinc flake coatings.

Latest Trends:

"Increasing demand from the aerospace industry to drive trend in the market"

Zinc flake coatings are widely used in the aerospace industry to protect against corrosion and improve the durability of components used in aircraft. These coatings provide superior protection against harsh environmental conditions such as humidity, salt spray, and extreme temperatures, which are common in aerospace applications. The increasing demand for commercial and military aircraft worldwide, which will require more coatings to protect the components used in their construction. Moreover, the aerospace industry is continuously seeking to improve the performance and durability of its aircraft components, which will lead to the development of new and more advanced coatings.

Zinc Flake Market Segmentation

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• By Type

Based on type, the global market is divided into particle size below 15μm, particle size: 15μm-20μm and particle size above 20μm.

• By Application

Based on application, the market is divided into automotive application, mechanical application, wind electric application and others.

Driving Factors

"Increasing use in the construction industry to foster market growth"

Zinc flake coatings are widely used in the construction industry to protect steel structures from corrosion. With the growing demand for infrastructure development, such as bridges, buildings, and pipelines, the demand for coatings in the construction industry is expected to increase.

"Rise in demand from the electrical and electronics industry to augment product demand"

Zinc flake coatings are also used in the electrical and electronics industry to protect components from corrosion and to improve their conductivity. The increasing demand for electronic devices such as smartphones, tablets, and laptops are driving the zinc flake market growth.

RESTRAINING FACTORS

"Rising competition from substitutes and fluctuations in raw material prices to hinder market progress"

Zinc flake coatings face competition from alternative coatings such as organic coatings, ceramic coatings, and electroplating. These coatings offer similar or better performance at a lower cost, which can impact the demand for coatings. Zinc and binder are the key raw material used in the production of coatings. Fluctuations in zinc and binder prices can significantly impact the cost of producing coatings. A sudden increase in both the raw material prices can result in higher production costs, which can lead to increased prices for customers and reduce demand for coatings.

Zinc Flake Market Regional Insight

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"Asia-Pacific to dominate the market due to the region’s easy access to raw materials"

Asia-Pacific captured the largest share. The country like China has a large zinc production capacity and it is the world’s largest producer of zinc. As a result, the country has easy access to raw materials needed for the production of zinc flakes. This has allowed Chinese companies to produce large quantities of the chemical at a lower cost than many other countries. The governments in the Asia Pacific region are taking initiatives to promote industrial growth and infrastructure development. For instance, China's Belt and Road Initiative is promoting infrastructure development in several countries, which is driving the demand for coatings in construction and other industries. India's Make in India initiative is aimed at promoting the manufacturing sector, which is also driving the demand for coatings in various industries.

Europe is likely to hold the second-largest contribution in the market. It is home to some of the leading automotive manufacturers such as BMW, Mercedes-Benz, and Volkswagen, which are the largest consumers of the coatings. These coatings are used to provide corrosion resistance and improve the durability of automotive components, which is essential in the European market where there are stringent regulations on vehicle safety and performance.

Key Industry Players

"Market Players to Boost Market Growth by adopting various strategies"

The report delivers information about the list of market players and their operations in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for this market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Eckart (Germany)
• Novamet (New York, U.S.)
• Kechuang (China)
• Xingke (China)
• Xinri (China)
• Nonfemet (China)

Report coverage

This report examines an understanding of the global zinc flake market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macroeconomic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.