Core Insights - The Asia-Pacific region remains the dominant market for zinc powder, particularly in China, India, Japan, and South Korea, driven by strong industrial foundations in marine corrosion, electronics, and automotive batteries [1][8] - The Chinese zinc powder market size grew from 4.3 billion yuan in 2017 to 5.3 billion yuan in 2020, reaching 6.09 billion yuan in 2021 due to increased demand for anti-corrosion coatings [1][8] - The market is projected to grow to 7.03 billion yuan in 2024 and 7.67 billion yuan in 2025, with spherical zinc powder accounting for 5.62 billion yuan and 6.14 billion yuan respectively [1][8] Zinc Powder Industry Definition and Characteristics - Zinc powder, also known as zinc dust, is a silver-gray metallic powder with high reactivity and flammability, typically with a particle size of 1-100 micrometers [2] - It has good electrical and thermal conductivity but is prone to oxidation when exposed to air, necessitating careful handling and storage [2] Current Development of the Zinc Powder Industry - The global zinc powder market has experienced stable growth, with a market size of 15.43 billion yuan in 2023, down from 18.45 billion yuan in 2021, but expected to rebound to approximately 20.37 billion yuan in 2024 [6] - The market is projected to reach 22 billion yuan by 2025, with spherical zinc powder accounting for 17.6 billion yuan and flake zinc powder for 2.2 billion yuan [6] Zinc Powder Industry Chain - The upstream of the zinc powder industry consists of zinc mining and smelting, with the midstream focused on zinc powder production, and the downstream applications including coatings, chemicals, electroplating, and metallurgy [10][12] - The primary application of zinc powder is in anti-corrosion coatings, which account for nearly 60% of the market share [14] Competitive Landscape of the Zinc Powder Industry - There are approximately 100 zinc powder production companies in China, with many being non-listed and having small production capacities, leading to significant product homogeneity [16] - Major companies in the spherical zinc powder market include Tiancheng Zinc Industry, Aivifuhong, and Jiangsu Kecai Nonferrous Metals, with Tiancheng Zinc Industry having the largest production capacity of 22,800 tons [18][20] Industry Development Trends - The zinc powder industry is expected to continue growing due to its wide applications and market potential, particularly in anti-corrosion coatings, metallurgy, chemicals, and batteries [23] - The Chinese zinc powder industry is undergoing structural upgrades and diversification in demand, emphasizing the importance of environmental and safety considerations for sustainable development [23]