Market Forecast by Countries (United States, Canada), By Type (Brass, Nickel Silver, German Silver, Other), By Application (Electrical Parts, Automotive, Mechanical Parts, Other) And Competitive Landscape
Product Code: ETC404914 | Publication Date: Nov 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 |
North America zinc alloy market is expected to grow during the forecast period. This growth can be attributed to the increasing demand for vehicles and aircraft, which are major end users of zinc alloy products. However, the high cost of zinc alloy may hamper the market growth. The market is also driven by rising demand from the automotive and infrastructure sectors.
According to 6Wresearch, the North America Zinc Alloy Market size is expected to grow during 2022-2028. The market is driven by the rising demand for zinc alloys in the transportation and construction industries. The zinc alloys market in North America is expected to be driven by the increasing demand from the transportation and construction industries. The automotive industry is the major consumer of zinc alloys, followed by the construction industry. Zinc alloys are widely used in the automotive industry for making engine parts, body panels, and wheels. They are also used in the construction industry for making pipes, fittings, and architectural hardware.
The market is driven by factors such as increasing demand from the infrastructure sector and automotive industry, rising application areas such as renewable energy, electronic components, and medical equipment, and opportunities in emerging economies. Companies are engaged in manufacturing zinc alloys for a range of applications including automotive parts and construction materials, increasing the North America Zinc Alloy Market Revenue.
The market is also driven by increasing demand for renewable energy and increasing awareness about the benefits of using zinc alloy in various industrial applications such as automotive and aerospace components, among others. Apart from this, new layer cake process has been developed which could provide higher quality zinc alloys with better mechanical properties compared to traditional production methods such as castings and forgings.
Zinc alloy is also used in various medical devices owing to its biocompatibility feature and good thermal conductivity property. Rising demand for these products is also anticipated to boost the growth of the market over the forecast period.
Based on countries, the regional landscape of the North America zinc alloy market share is segmented into Canada and U.S. According to geography and product type distribution respectively (castings, forgings, sheet products). Each region is expected to exhibit different growth rates based on different factors such as geographical location, end-user types, and product mix available in the region.
Based on Application, the automotive grade zinc alloy market segment is estimated to be the largest segment of the North America zinc alloy market. This is primarily due to increasing demand for high performance vehicles that require higher strength and stiffness properties such as aluminum alloys. The most common application is in the automobile industry where it is used for various parts such as engine blocks, cylinder heads, decorative trim, and other car body parts. It is also used in the production of electrical components, plumbing fixtures, and roofing materials. Other less common applications include coins, medals, and jewellery.
The other three major end-uses - electrical grade zinc alloys, general engineering grade zinc alloys and welding/cutting grade zinc alloys together account for more than half of the total market volume.
The Covid-19 pandemic has resulted in a decrease in demand for Global zinc alloy market. The automotive industry, one of the largest consumers of zinc alloys, has been hit hard by the pandemic. As a result, the North America zinc alloy market growth potential declined to a significant extent.
The Covid-19 pandemic has caused a decrease in demand for zinc alloy products in North America. The automotive industry, one of the largest consumers of zinc alloys, has been hit hard by the outbreak of the virus. Auto sales have declined sharply as a result of factories shutting down and showrooms closing. This has led to a decrease in demand for zinc alloys used in auto manufacturing.
However, it is expected that demand will begin to recover as the automotive and other end user industries rebounds.
Some of the leading companies in the North America zinc alloy market are primarily engaged in manufacturing and supplying zinc alloys to various end users across the globe. Including technological advancements in manufacturing processes coupled with increase in investment in this sector.
In terms of distribution channels, these companies rely on both direct sales and indirect channels such as distributors and resellers. The major players in the North America zinc alloy market are also actively engaged in expanding their operations into new geographies such as Latin America and Europe.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Zinc Alloy Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Zinc Alloy Market Revenues & Volume, 2021 & 2028F |
3.3 North America Zinc Alloy Market - Industry Life Cycle |
3.4 North America Zinc Alloy Market - Porter's Five Forces |
3.5 North America Zinc Alloy Market Revenues & Volume Share, By Countries, 2021 & 2020F |
3.6 North America Zinc Alloy Market Revenues & Volume Share, By Type, 2021 & 2028F |
3.7 North America Zinc Alloy Market Revenues & Volume Share, By Application, 2021 & 2028F |
4 North America Zinc Alloy Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Zinc Alloy Market Trends |
6 North America Zinc Alloy Market, 2018 - 2028 |
6.1 North America Zinc Alloy Market, Revenues & Volume, By Type, 2018 - 2028 |
6.2 North America Zinc Alloy Market, Revenues & Volume, By Application, 2018 - 2028 |
7 United States Zinc Alloy Market, 2018 - 2028 |
7.1 United States Zinc Alloy Market, Revenues & Volume, By Type, 2018 - 2028 |
7.2 United States Zinc Alloy Market, Revenues & Volume, By Application, 2018 - 2028 |
8 Canada Zinc Alloy Market, 2018 - 2028 |
8.1 Canada Zinc Alloy Market, Revenues & Volume, By Type, 2018 - 2028 |
8.2 Canada Zinc Alloy Market, Revenues & Volume, By Application, 2018 - 2028 |
9 North America Zinc Alloy Market Key Performance Indicators |
10 North America Zinc Alloy Market - Opportunity Assessment |
10.1 North America Zinc Alloy Market Opportunity Assessment, By Countries, 2021 & 2028F |
10.2 North America Zinc Alloy Market Opportunity Assessment, By Type, 2021 & 2028F |
10.3 North America Zinc Alloy Market Opportunity Assessment, By Application, 2021 & 2028F |
11 North America Zinc Alloy Market - Competitive Landscape |
11.1 North America Zinc Alloy Market Revenue Share, By Companies, 2021 |
11.2 North America Zinc Alloy Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |