Zirconium is a greyish-white chemical substance, obtained from the mineral zircon (ZrSiO4) sand. The basic properties of zirconium include strength, malleability, ductility and extreme resistance to heat and corrosion by other agents in nature. The unique corrosion resistance properties of zirconium are very useful in maintaining a pH range from strong acids to strong caustics. Zirconium has numerous usage in various applications including ceramics, refractory, chemicals, foundry, and television glass.
Furthermore, zirconium alloys are also having extensive usage in fuel cladding. The latest developments in this market space is the rising demand for zirconium in nuclear power and ceramics applications.
The rising demand for zirconium since the nuclear power industry and the ceramics industry is one among the vital factors projected to hike the development of the global zirconium market in the coming years. Additionally, the growing demand from China and the increasing focus on technological developments are few factors expected to accelerate the growth of the market in the forecast period. The growing focus of major players on new product development and innovations is contributing extensively towards the development of the whole market in the future years. The rising awareness regarding the benefits of zirconium is also the factor anticipated to supplement the rise of the overall market in the forecast period. On the other hand, the high costs, increasing gap between supply and demand, and rigorous mining policies are few of the key factors predicted to decline the growth of the global zirconium market all through the prediction period. Additionally, the volatility in the expenses of raw materials is also responsible for the declining growth of the market. Nevertheless, the extension of the application base, rising demand and the use of zirconium as enhanced replacement for titanium in the dentistry are anticipated to generate positive chances for the key players operating in the market.
The global zirconium market is segmented by type, application and region. The global zirconium market is segmented by type into zircon, zirconia, others. The global zirconium market is segmented by application into refractories, ceramics, nuclear, foundry sand, and others. The global zirconium market is segmented by region into North America, Latin America, Europe, Middle East & Africa and Asia Pacific.
Leading vendors in the global zirconium market are Tronox, Astron, Alkane, Iluka Resources, RBM, Kenmare Resources, EI DuPont de Nemours, Richards Bay Minerals, Chemours, Kenmare Resources, Astron Advanced Materials, Bemax Resources, Cristal Mining, Molycorp, and Titanium Tosoh, Exxaro Resources, Iluka Resources, Tronox, Foskor, Alkane Resources, Astron, Moly, Luxfer Group, Wah Chang, Australian Zircon, Exxaro Resources, Luxfer Group, Rio-Tinto, Smartac Group China Holdings, and Namakwa Sands. According to the research, the global zirconium market is greatly consolidated in nature and is projected to spectate entry of several players in the coming few years. The competitive landscape of the market is mostly done on the leading players in the China markets in the field of global coffee roasters sales industry. A detailed and deep analysis of adopting the strategic expansion is that it results in increasing the geographic presence and product portfolio.
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The global zirconium market is segmented
- Foundry sand
- North America
- Latin America
- Middle East & Africa
- Asia Pacific
Market By Geography
- North America
o Rest of Europe
o Rest of Asia-Pacific
- Latin America
o Rest of Latin America
- Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
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