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    South Korea Zinc Market

    ID: MRFR/CnM/47158-HCR
    200 Pages
    Chitranshi Jaiswal
    September 2025

    South Korea Zinc Market Research Report By Form (Powder, Sheet, Others), By Application (Galvanizing, Die Casting, Others) and By End-Use Industry (Galvanizing, Die Casting, Others) - Forecast to 2035

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    South Korea Zinc Market Research Report - Forecast by 2035 Infographic
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    Table of Contents

    South Korea Zinc Market Summary

    The South Korea Zinc market is poised for growth, with a projected valuation increase from 0.9 USD Billion in 2024 to 1.56 USD Billion by 2035.

    Key Market Trends & Highlights

    South Korea Zinc Key Trends and Highlights

    • The South Korea Zinc market is valued at 0.9 USD Billion in 2024.
    • By 2035, the market is expected to reach 1.56 USD Billion, indicating substantial growth.
    • The compound annual growth rate (CAGR) for the market from 2025 to 2035 is projected at 5.13%.
    • Growing adoption of zinc in various industries due to its corrosion resistance is a major market driver.

    Market Size & Forecast

    2024 Market Size 0.9 (USD Billion)
    2035 Market Size 1.56 (USD Billion)
    CAGR (2025-2035) 5.13%

    Major Players

    MKM Metal, Seoul Zinc, Daehan Zinc, Hankook Zinc, Hwasung Zinc, Sungjin Geotec, Korea Zinc, LSNikko Copper, Hyundai HYSC, Korea Zinc Industry, Daewon Metal, Korea Metal, Sungpong Zinc, Dongbu Metal, Hanwa Chemical

    South Korea Zinc Market Trends

    South Korea's zinc market is experiencing notable trends driven primarily by the increasing demand for zinc across various industries, particularly automotive and construction. The push towards green technology has accelerated the need for galvanized steel, which heavily relies on zinc, as it is recognized for its corrosion resistant properties. Additionally, the South Korean government is actively promoting infrastructure projects and urban development, further driving the demand for zinc in construction. 

    Opportunities in the South Korean zinc market can be explored in the sphere of recycling. With a growing emphasis on sustainable practices, the recycling of zinc is gaining traction, which can help in addressing the supply chain concerns while also reducing environmental impact. The government’s policies are likely to support this move, as they push for increased recycling rates and support for industries focused on sustainable materials. In recent times, global supply chain disruptions have highlighted the importance of local production in South Korea.

    Companies are increasingly looking to diversify their supply chains by investing in domestic zinc operations or sourcing from local suppliers. 

    This trend is expected to encourage advancements in mining technology and operational efficiency within the country. Furthermore, South Korea’s push towards digital transformation in mining and metal industries is paving the way for better monitoring and management of zinc usage and production processes.As these trends continue to evolve, the South Korean zinc market is poised for significant growth and innovation.

    South Korea Zinc Market Drivers

    Market Segment Insights

    South Korea Zinc Market Segment Insights

    South Korea Zinc Market Segment Insights

    Zinc Market Form Insights

    Zinc Market Form Insights

    The South Korea Zinc Market is characterized by its varied Form segment, enabling a comprehensive overview of powder, sheet, and other variants that cater to diverse industrial needs. The Form segment plays a pivotal role in the overall structure of the South Korea Zinc Market, which is projected to witness significant growth moving towards 2035. The powder form of zinc is widely utilized in sectors such as pharmaceuticals, agriculture for fertilizers, and coatings due to its excellent corrosion resistance properties, making it essential for extending the lifespan of products in challenging environments.

    Additionally, zinc sheets possess significant applications in the construction, automotive, and electronics industries, predominantly due to their malleability and ductility, which allow for versatile design applications. The trend towards lightweight materials in manufacturing is bolstering the usage of these sheets further, thereby offering robust opportunities for expansion within this segment. Other forms, which encompass galvanized steel or special alloys, also contribute to the market by enabling applications in specialized industries where tailored properties are critical.

    Zinc's role as a rust preventative and its increasing demand in infrastructure projects align with South Korea’s focus on sustainable building practices and electrification of transport, presenting new opportunities for growth in the Form segment. Meanwhile, this sector faces challenges such as fluctuating raw material prices and competition from alternative materials. However, ongoing Research and Development efforts aimed at enhancing the properties and applications of zinc across various forms are expected to mitigate these challenges.

    The South Korea Zinc Market segmentation into different forms thus showcases not only the versatility of zinc but also its essential contributions across multiple industries in South Korea's dynamic economy. The interrelated dynamics among the different forms highlight a landscape rich with potential, driven by environmental considerations and innovation, positioning the Form segment as a fundamental pillar within the South Korea Zinc Market landscape.

    Zinc Market Application Insights

    Zinc Market Application Insights

    The South Korea Zinc Market is poised for growth, particularly within the Application segment, which plays a crucial role in several industries. Galvanizing, a predominant application of zinc, focuses on protecting steel from corrosion, thereby enhancing its durability and lifespan. This application is significant in the construction and automotive sectors, where protection against environmental factors is essential. The die-casting application is also notable, as it allows for the production of complex shapes with high dimensional accuracy, making it vital for manufacturing components in the electronic and automotive industries.

    Other applications of zinc further contribute to diverse sectors, including agriculture and health, showcasing the metal’s versatility. With the market moving toward innovations in these applications, trends such as increased sustainability and efficiency are anticipated to drive continued demand. Growth drivers include industrial advancements and the push for more durable materials, while challenges may arise from fluctuating raw material prices and environmental regulations. Overall, this segment holds an interesting position in the South Korea Zinc Market, reflecting the metal's essential role across various applications.

    Zinc Market End-Use Industry Insights

    Zinc Market End-Use Industry Insights

    The South Korea Zinc Market, particularly in the End-Use Industry, is characterized by significant applications in various domains, notably in galvanizing and die casting. Galvanizing, which involves the coating of iron or steel to prevent corrosion, is essential for enhancing the longevity of infrastructure and construction projects, aligned with South Korea's emphasis on modernization and urban development. This method plays a vital role in the automotive industry, where durability is paramount.

    Die casting, on the other hand, is widely utilized in producing intricate metal components for diverse sectors such as electronics, automotive, and consumer goods, reflecting the growing demand for precision-engineered parts in South Korean manufacturing. The need for high-quality zinc products in these applications highlights their significance within the South Korea Zinc Market, driving continuous innovations and investment in production technologies. Additionally, sectors categorized under 'Others' contribute to the evolution of various consumer goods, further expanding the market’s reach and potential.

    The push for sustainability and environmental considerations is also paving the way for enhanced recycling practices within the zinc market, which supports the overall growth and highlights its importance within South Korea's industrial landscape.

    Get more detailed insights about South Korea Zinc Market Research Report - Forecast by 2035

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    Regional Insights

    Key Players and Competitive Insights

    The South Korea Zinc Market is characterized by a dynamic landscape influenced by various factors, including industrial demands, technological advancements, and the regulatory environment. As a significant player in the global zinc market, South Korea boasts a robust infrastructure for the production and distribution of zinc products. The competitive insights reflect a mix of established companies and emerging players that contribute to the market's growth and innovation.

    Understanding the competitive dynamics in South Korea involves analyzing the strategic moves of major players, their market share, product innovations, and the overall health of the supply chain in response to fluctuating demand and pricing trends. MKM Metal stands out in the South Korea Zinc Market due to its comprehensive approach to production and distribution within the region. The company has developed a strong reputation for its high-quality zinc products, catering to various industries such as construction, electronics, and automotive. MKM Metal has successfully leveraged advanced technologies in its manufacturing processes, which enhances product efficiency and sustainability.

    Additionally, the company's strategic partnerships and well-established distribution networks have allowed it to maintain a competitive edge, providing it with the capability to respond quickly to market demands and changing customer preferences. The combination of innovative practices and a focus on quality has positioned MKM Metal as a key player in the zinc market in South Korea. Seoul Zinc is another prominent entity in the South Korea Zinc Market, recognized for its diverse range of zinc-related products and services.

    The company specializes in the production of zinc ingots, zinc alloys, and various zinc chemicals, meeting the needs of several industrial sectors. Seoul Zinc's strong market presence is bolstered by its commitment to research and development, enabling it to introduce innovative products that cater to modern applications. The company has also pursued strategic mergers and acquisitions, enhancing its operational capabilities and expanding its market reach. Strengths include its established reputation, extensive distribution channels, and a dedicated focus on sustainability, which aligns with increasing environmental regulations and consumer preferences.

    Through these strategies, Seoul Zinc has solidified its position as a key competitor in the South Korea Zinc Market.

    Key Companies in the South Korea Zinc Market market include

    Industry Developments

    The South Korea Zinc Market has seen significant developments recently, with companies like Korea Zinc, Seoul Zinc, and Daehan Zinc playing pivotal roles in the sector. In October 2023, Korea Zinc announced a plan to expand its production capacity by 15% over the next two years, responding to growing global demand. 

    Additionally, Seoul Zinc has been integrating more sustainable practices into its operations, focusing on reducing carbon emissions in line with South Korea's Green New Deal initiative. Notably, in September 2023, a merger was reported between Sungjin Geotec and a smaller competitor, aiming to increase their market share and enhance operational efficiency. 

    Furthermore, Hwasung Zinc has reported a steady increase in market valuation due to rising zinc prices influenced by electric vehicle demand. In the last couple of years, there have been fluctuations in prices heavily affected by global supply chain issues, particularly during late 2022 and early 2023. Overall, the South Korea Zinc Market remains dynamic, with these companies actively responding to both challenges and opportunities in a rapidly changing landscape.

    Market Segmentation

    Zinc Market Form Outlook

    • Powder
    • Sheet
    • Others

    Zinc Market Application Outlook

    • Galvanizing
    • Die Casting
    • Others

    Zinc Market End-Use Industry Outlook

    • Galvanizing
    • Die Casting
    • Others

    Report Scope

    Report Attribute/Metric Details
    Market Size 2024 0.9(USD Billion)
    Market Size 2025 1.05(USD Billion)
    Market Size 2035 1.56(USD Billion)
    Compound Annual Growth Rate (CAGR) 3.642% (2025 - 2035)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Base Year 2024
    Market Forecast Period 2025 - 2035
    Historical Data 2019 - 2024
    Market Forecast Units USD Billion
    Key Companies Profiled MKM Metal, Seoul Zinc, Daehan Zinc, Hankook Zinc, Hwasung Zinc, Sungjin Geotec, Korea Zinc, LSNikko Copper, Hyundai HYSCO, Korea Zinc Industry, Daewon Metal, Korea Metal, Sungpong Zinc, Dongbu Metal, Hanwa Chemical
    Segments Covered Form, Application, End-Use Industry
    Key Market Opportunities Growing demand for batteries, Renewable energy sector expansion, Automotive industry requirements, Infrastructure development projects, Increased investments in recycling
    Key Market Dynamics Supply chain stability, Industrial demand growth, Technological advancements in extraction, Environmental regulations compliance, Price volatility and fluctuation
    Countries Covered South Korea

    Market Highlights

    Author
    Chitranshi Jaiswal
    Research Analyst Level I

    In her 3 years of experience in the market research field, she has handled critical cross-domain projects. She has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.She holds an engineering degree and is an MBA professional from a well-known university, capable of evaluating the market and competitive conditions. An exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. Proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. Generated business through active client and project development, networking, and high-quality responses. Her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.

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    FAQs

    What was the expected market size of the South Korea Zinc Market in 2024?

    The South Korea Zinc Market was expected to be valued at 1.05 USD Billion in 2024.

    What is the projected market value of the South Korea Zinc Market by 2035?

    By 2035, the South Korea Zinc Market is expected to reach a value of 1.56 USD Billion.

    What is the expected compound annual growth rate (CAGR) for the South Korea Zinc Market from 2025 to 2035?

    The South Korea Zinc Market is anticipated to grow at a CAGR of 3.642% from 2025 to 2035.

    Which companies are the key players in the South Korea Zinc Market?

    Major players in the South Korea Zinc Market include MKM Metal, Seoul Zinc, and Daehan Zinc, among others.

    What market value does the Powder form of Zinc held in 2024?

    In 2024, the Powder form of Zinc was valued at 0.32 USD Billion in the South Korea Zinc Market.

    How much is the Sheet form of Zinc expected to be worth by 2035?

    The Sheet form of Zinc is projected to reach 0.63 USD Billion by 2035 in the South Korea Zinc Market.

    What was the expected market value for the 'Others' form of Zinc in 2024?

    The 'Others' form of Zinc was expected to be valued at 0.31 USD Billion in 2024.

    What are the key applications driving the growth of the South Korea Zinc Market?

    Key applications driving growth in the South Korea Zinc Market include construction, automotive, and electronics.

    What challenges might affect the South Korea Zinc Market in the coming years?

    Challenges affecting the South Korea Zinc Market may include fluctuating raw material prices and environmental regulations.

    How is the overall growth trend for the South Korea Zinc Market expected to behave in the next decade?

    The South Korea Zinc Market is expected to exhibit a steady growth trend driven by increasing demand across various industries.

    1. 'TABLE OF CONTENTS
    2. EXECUTIVE SUMMARY
    3. Market Overview
      1. Key Findings
      2. Market Segmentation
    4. Competitive Landscape
      1. Challenges and Opportunities
      2. Future Outlook
    5. MARKET INTRODUCTION
      1. Definition
      2. Scope of the study
        1. Research Objective
        2. Assumption
        3. Limitations
    6. RESEARCH METHODOLOGY
      1. Overview
    7. Data Mining
      1. Secondary Research
      2. Primary Research
    8. Primary Interviews and Information Gathering Process
      1. Breakdown of Primary
    9. Respondents
      1. Forecasting Model
      2. Market Size Estimation
    10. Bottom-Up Approach
      1. Top-Down Approach
      2. Data Triangulation
      3. Validation
    11. MARKET DYNAMICS
      1. Overview
      2. Drivers
      3. Restraints
      4. Opportunities
    12. MARKET FACTOR ANALYSIS
      1. Value chain Analysis
      2. Porter''s Five Forces
    13. Analysis
      1. Bargaining Power of Suppliers
        1. Bargaining Power
    14. of Buyers
      1. Threat of New Entrants
        1. Threat of Substitutes
        2. Intensity of Rivalry
      2. COVID-19 Impact Analysis
    15. Market Impact Analysis
      1. Regional Impact
        1. Opportunity and
    16. Threat Analysis
    17. SOUTH KOREA ZINC MARKET, BY FORM (USD
    18. BILLION)
      1. Powder
      2. Sheet
      3. Others
    19. SOUTH KOREA
    20. ZINC MARKET, BY APPLICATION (USD BILLION)
      1. Galvanizing
      2. Die
    21. Casting
      1. Others
    22. SOUTH KOREA ZINC MARKET, BY END-USE INDUSTRY
    23. (USD BILLION)
      1. Galvanizing
      2. Die Casting
      3. Others
    24. COMPETITIVE LANDSCAPE
      1. Overview
      2. Competitive
    25. Analysis
      1. Market share Analysis
      2. Major Growth Strategy in the
    26. Zinc Market
      1. Competitive Benchmarking
      2. Leading Players in Terms
    27. of Number of Developments in the Zinc Market
      1. Key developments and growth
    28. strategies
      1. New Product Launch/Service Deployment
        1. Merger
    29. & Acquisitions
      1. Joint Ventures
      2. Major Players Financial
    30. Matrix
      1. Sales and Operating Income
        1. Major Players R&D
    31. Expenditure. 2023
    32. COMPANY PROFILES
      1. MKM Metal
    33. Financial Overview
      1. Products Offered
        1. Key Developments
        2. SWOT Analysis
        3. Key Strategies
      2. Seoul Zinc
        1. Financial Overview
        2. Products Offered
        3. Key
    34. Developments
      1. SWOT Analysis
        1. Key Strategies
    35. Daehan Zinc
      1. Financial Overview
        1. Products Offered
        2. Key Developments
        3. SWOT Analysis
        4. Key Strategies
      2. Hankook Zinc
        1. Financial Overview
        2. Products
    36. Offered
      1. Key Developments
        1. SWOT Analysis
    37. Key Strategies
      1. Hwasung Zinc
        1. Financial Overview
    38. Products Offered
      1. Key Developments
        1. SWOT Analysis
        2. Key Strategies
      2. Sungjin Geotec
        1. Financial Overview
        2. Products Offered
        3. Key Developments
        4. SWOT
    39. Analysis
      1. Key Strategies
      2. Korea Zinc
        1. Financial
    40. Overview
      1. Products Offered
        1. Key Developments
    41. SWOT Analysis
      1. Key Strategies
      2. LSNikko Copper
    42. Financial Overview
      1. Products Offered
        1. Key Developments
        2. SWOT Analysis
        3. Key Strategies
      2. Hyundai HYSCO
        1. Financial Overview
        2. Products Offered
        3. Key
    43. Developments
      1. SWOT Analysis
        1. Key Strategies
    44. Korea Zinc Industry
      1. Financial Overview
        1. Products Offered
        2. Key Developments
        3. SWOT Analysis
        4. Key
    45. Strategies
      1. Daewon Metal
        1. Financial Overview
    46. Products Offered
      1. Key Developments
        1. SWOT Analysis
        2. Key Strategies
      2. Korea Metal
        1. Financial Overview
        2. Products Offered
        3. Key Developments
        4. SWOT
    47. Analysis
      1. Key Strategies
      2. Sungpong Zinc
    48. Financial Overview
      1. Products Offered
        1. Key Developments
        2. SWOT Analysis
        3. Key Strategies
      2. Dongbu Metal
        1. Financial Overview
        2. Products Offered
    49. Key Developments
      1. SWOT Analysis
        1. Key Strategies
      2. Hanwa Chemical
        1. Financial Overview
        2. Products
    50. Offered
      1. Key Developments
        1. SWOT Analysis
    51. Key Strategies
    52. APPENDIX
      1. References
      2. Related Reports
    53. KOREA ZINC MARKET SIZE ESTIMATES & FORECAST, BY FORM, 2019-2035 (USD BILLIONS)
    54. 2035 (USD BILLIONS)
    55. FORECAST, BY END-USE INDUSTRY, 2019-2035 (USD BILLIONS)
    56. DEVELOPMENT/APPROVAL
    57. ANALYSIS BY FORM
    58. KEY BUYING CRITERIA OF ZINC MARKET
    59. ZINC MARKET
    60. SUPPLY / VALUE CHAIN: ZINC MARKET
    61. (% SHARE)
    62. BY APPLICATION, 2019 TO 2035 (USD Billions)
    63. INDUSTRY, 2025 (% SHARE)
    64. TO 2035 (USD Billions)

    South Korea Zinc Market Segmentation

    • Zinc Market By Form (USD Billion, 2019-2035)
      • Powder
      • Sheet
      • Others

     

    • Zinc Market By Application (USD Billion, 2019-2035)
      • Galvanizing
      • Die Casting
      • Others

     

    • Zinc Market By End-Use Industry (USD Billion, 2019-2035)
      • Galvanizing
      • Die Casting
      • Others

     

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