India’s zinc demand is anticipated to see a substantial increase by 2030, driven by emerging sectors such as green energy and battery technology, according to a recent report by the International Zinc Association (IZA).
The IZA predicts a seven-fold growth in energy storage solutions over the next five years. As one of the fastest-growing economies globally, India is experiencing a surge in zinc consumption across these vital sectors.
The country’s record-breaking steel production and rapid infrastructure development present a crucial opportunity for zinc. Integrating zinc into infrastructure projects could significantly lower annual corrosion costs, which currently account for nearly five percent of India’s GDP.
IZA recently held Zinc College 2024, an international conference featuring 31 companies from 21 countries. The event, which started on Sunday, focused on zinc’s role in building a sustainable and low-carbon future.
Arun Mishra, Chairman of IZA, highlighted that India’s zinc demand is poised for rapid growth due to urbanization and the increasing need for durable infrastructure. He noted that Zinc College 2024 represents a key milestone in developing a more sustainable and innovative zinc industry.
Currently, India’s zinc demand ranges between 800 and 1,000 tonnes annually. The automotive industry is also expected to drive up demand for galvanized steel by 2030, fueled by the expanding middle class and a push for improved vehicle durability. On a global scale, zinc demand is projected to rise by 43 percent for solar power applications, while the wind energy sector is expected to double in the next six years, according to IZA.
