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Global Zirconium Market Outlook, and forecast to 2025 | By Size, Share, Demand and Analysis

Global Zirconium Market Outlook, and forecast to 2025 | By Size,

According to BlueWeave Consulting, The Global Zirconium Market is expected to grow with a significant rate during the forecast period 2019-2025 owing to major demand of zirconium in various industry such as ceramics, medical, automobile, and nuclear power industry.

Demand for zirconium-based construction materials such as sanitary ware and tableware, uses of zirconium alloys in dental implants which give high fracture toughness will boost zirconium market in upcoming year. Moreover, the major factor driving the market growth is the growing use of zirconium in foundries and refractories.

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Zirconia Occurrence- type of Zirconium market is projected to be the leading segment of the overall market during the forecast period

On the basis of product type, the Zirconium market has been segmented into Zircon, Zirconia, and others. Zirconia dominates the global Zirconium owing to its good chemical and corrosion inertness at very high temperatures along with very high mechanical strength and wear resistance, due to such physical, chemical and mechanical properties; it is used as an important refractory material. Furthermore, it is also used in insulation, enamels and in the manufacture of abrasives. Zircon market will drive by rise in demand of use of zircon in ceramics, television glass, and refractory and foundry applications.

Ceramics is projected to leading industry for utilizing applications of the Zirconium during forecast period

On the basis of application, the global Zirconium market has been segmented into Ceramics, Refractories, Foundry Sand, Zircon Chemicals and Others. By application type, Ceramics will lead the market owing to growth the construction industry. The residential segment of the construction industry uses ceramics in sanitary ware, ceramic tiles, table and ornamental ware, bricks, and pipes. The zircon chemicals market is expected to grow at the fastest rate during the forecast period owing to its in applications such as automobile and industrial catalysts, ware materials, dielectric and piezoelectric devices, oxygen sensors, and fuel cells

Asia accounts for lion share of the global Zirconium market during the anticipated period.

On the basis of region, the Zirconium market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia dominates the world Zirconium market over the forecast period owing to growing demand for applications of zirconium in various industries, such as ceramics, medical and healthcare, and construction is one of the key factors estimated to encourage the growth of the Asia market in upcoming periods.

Global Zirconium Market Competitive Landscape

Companies, such Tosoh, Iluka Resources, Tronox, Richards Bay Minerals, Foskor, Alkane Resources, Astron, Kenmare Resources, Moly, Astron Advanced Materials, Wah Chang, Australian Zircon, EI DuPont de Nemours, Bemax Resources, Exxaro Resources, Luxfer Group, Rio-Tinto, Smartac Group China Holdings, and Namakwa Sand are the key players in manufacturing Zirconium.

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About BlueWeave Consulting & Research Pvt Ltd. (BWC)

BlueWeave Consulting provides a full scope of business intelligence solution for solving your toughest challenges. BWC is an emerging global expert & pioneer in the market research and provision of exclusive market INTEL. We optimize your decision making by equipping your industry with an accurate & better market research according to your industry demands through our professionally designed qualitative & quantitative research methods. Our trendy & efficient sample collection methods, integrated data solutions as well as methodologies certainly make us a better partner that you can rely on. With collective experience in the varied fields of retail, market research and reporting, we provide the business insight and business practices that would give the required impetus for your company’s growth.

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