India's zinc consumption is anticipated to surpass 2 million tonnes over the next decade, an increase from the current level of 1.1 million tonnes, as reported by the International Zinc Association (IZA). During the Zinc College 2024 event, Mr. Andrew Green, Executive Director of IZA, emphasized that "zinc consumption and demand in India stands at 1.1 million tonnes (MT), surpassing current production levels. This will rise to over 2 MT in the next ten years."

Currently, the global zinc market operates at around 13.5 million tonnes annually, with India's per capita zinc use being significantly lower than the global average. This presents a unique opportunity for growth, especially as the nation focuses on economic expansion and infrastructure development.

One area of concern highlighted by Mr. Green is the automotive sector, where 90 to 95% of the global industry utilizes galvanized steel for corrosion protection. In stark contrast, India’s usage stands at only 23%. This gap underscores the potential for increased adoption of galvanized steel in India’s automotive sector, as well as the establishment of standards for galvanized rebar in construction.

Globally, zinc demand is projected to grow substantially, particularly in renewable energy applications. The demand for zinc in solar power is expected to increase by 43%, while the wind energy sector is anticipated to double by 2030. Moreover, energy storage solutions are projected to see a seven-fold increase over the next five years.

In India, the rapid economic growth and ongoing infrastructure expansion present significant opportunities for increased zinc usage. Currently, the costs associated with corrosion in infrastructure represent nearly 5% of the country’s GDP. By leveraging zinc's properties, India can effectively mitigate these costs, thus enhancing economic efficiency.

Furthermore, the automotive sector is expected to witness a rise in demand for galvanized steel by 2030, aligning with global trends driven by the expanding middle class. As India continues to evolve, the integration of zinc in various industries will play a critical role in supporting sustainable development and economic growth.

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