Globally, zinc demand is expected to grow by 43% in solar power applications, with the wind energy sector set to double by 2030
L-R: Andrew Green, Executive-Director, International Zinc Association and Arun Misra, IZA Chairman and CEO, Hindustan Zinc
Combined with the rise in emerging applications, International Zinc Association (IZA) is optimistic about the prediction on zinc demand in India to double in under 10 year says Andrew Green, Executive Director, International Zinc Association.
The International Zinc Association (IZA) forecasts a significant rise in zinc demand in India by 2030, driven by emerging sectors like renewable energy and battery technology, alongside growing demand in existing industries such as infrastructure, steel expansion, and automotive.
Globally, zinc demand is expected to grow by 43% in solar power applications, with the wind energy sector set to double by 2030. Energy storage solutions are projected to see a sevenfold increase over the next five years. India, as the world’s fastest-growing economy, is witnessing a similar surge in zinc consumption across these critical sectors.
This comes as India is hosting Zinc College 2024, an international event organized by the International Zinc Association and hosted by Hindustan Zinc, India’s largest and the world’s second-largest integrated zinc producer.
Held in Zinc City, Udaipur, this exclusive 5-day event brings together nearly 100 delegates from over 20 countries, featuring global leaders and innovators discussing zinc’s crucial role in creating a sustainable, low-carbon future and driving best practices for the zinc industry worldwide.
India’s record-breaking steel production, coupled with rapid infrastructure growth, presents a pivotal opportunity for zinc. Incorporating zinc into infrastructure projects can significantly reduce the annual corrosion costs, which amount to nearly 5% of India’s GDP. The automotive industry, another key sector, is following global trends, with a forecasted rise in demand for galvanized steel by 2030, driven by the growing middle-class aspirations.
One of the key discussions at Zinc College is focused on innovations to reduce carbon emissions and promote low carbon ‘green’ zinc products, with IZA members Hindustan Zinc, Boliden, Teck, and Nyrstar taking the lead. The event also fortifies the role of zinc in the energy storage solutions worldwide as zinc-based batteries are a stronger alternative to lithium-based batteries. Zinc in energy storage is forecasted to grow sevenfold over five years.
Speaking at the event, Arun Misra, Chairman, International Zinc Association and CEO Hindustan Zinc Limited said, “We are at a critical juncture where zinc will play a decisive role in reducing carbon emissions, supporting renewable energy infrastructure, and ensuring sustainability for future generations. Zinc is essential for everything around us—from buildings to batteries, solar panels, wind turbines, and automobiles. India’s demand for zinc is set to grow rapidly, driven by urbanization and the need for durable infrastructure. Zinc College 2024 is a landmark event, laying the foundation for a more sustainable and innovative zinc ecosystem.”
Andrew Green, Executive Director, International Zinc Association, echoed this sentiment, stating, “Zinc College in India is a milestone for the entire industry and signifies India's prominence in the zinc manufacturing sector. The collaborations and discussions here will shape zinc’s role in the global economy, especially in supporting zinc’s critical role in decarbonizing industries like wind, solar, automotive, and infrastructure is more relevant than ever.”
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