Infrastructure development in emerging markets
Zinc is a highly malleable metal, which makes it an important component in several mechanical and product applications such as the manufacture of dry cell batteries.
It is also used in the manufacturing of bronze and brass used in gutters, downpipes, and roofing. The fact that zinc does not alter even after recycling is leading to its
increased demand in the market.Technavio analysts expect the global demand for zinc to rise during the forecast period owing to the increase in residential and
non-residential construction projects worldwide.
Technavio’s lead metals and minerals research analyst Chandrakumar B J says, “Growing modernization and urbanization in China is boosting the growth of the construction
industry,which in turn is leading to the rise in demand for zinc. A similar trend is noted in emerging countries such as India, Brazil, and Indonesia. This will aid the growth of the
market over the next four years.”
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