Zinc looks to make inroads into solar, fertilizer segment for consumption

Amid the economic slowdown, where construction as well as auto sales have taken a hit, zinc metal, which finds strong application in both these sectors is looking at newer domestic consumption segments to grow.

“Solar panels, power storage batteries and fertilizers are the three new areas where zinc market has ample scope to grow in India. There is more than 100 per cent growth scope in fertilizers,” Andrew Green, executive director of International Zinc Association told Business Standard.

Zinc coated (galvanized) steel is the most effective and inexpensive way to protect steel from the corrosive effects of weather, temperature, and oxygen. Due to this, the base metal finds wide application in both in auto as well as construction segments in India.