Zirconium Market Growing Demand, Supply and Revenue 2020 to 2025

Global Zirconium Market - Growth, Trends, And Forecast (2020 - 2025)

The report presents an in-depth assessment of the Global Zirconium including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Zirconium investments from 2020 till 2025.

The zirconium market is expected to witness a healthy growth, at an estimated CAGR of over 5% in terms of volume, over the forecast period.

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The Global Zirconium market is highly competitive and consists of a number of major players. Companies, like Alkane Resources Limited, Base Resources Limited, Binh Dinh Minerals Company, Doral Mineral Sands Pty Ltd, Eramet, Iluka Resources Limited, INB, Kenmare Resources PLC, Lanka Mineral Sands Limited, MZI Resources Ltd, Rio Tinto, Tronox Holdings PLC among others.

Market Overview

The major factors driving the growth of the market studied are the consistent growth in foundries and refractories, growth of nuclear power stations in Asia-Pacific, and the accelerating usage in surface coatings.

- Reducing dependence on zircon is expected to hinder the growth of the market studied.
- Zircon segment accounted for the largest share of about 70% of the total volume of the market studied.
- China also dominated the market studied, with about 50% of the total revenue, and it is expected to witness the fastest CAGR, over the forecast period.

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Key Market Trends:

Increasing Demand from Zircon Flour/ Sand

- Zircon is widely used in ceramics and foundry, mostly in the form of sand and flour (milled sand), due to its various properties, such as the ability to bind with all organic and inorganic sand binders, low acidity, low thermal expansion coefficient and high spatial stability at increased temperatures, chemical stability at high temperatures, and good recyclability,
- In ceramics, zircon sand is used for its highly valuable properties, such as a high refractive index for opacification and inducing white color. Its ancillary benefits, including its ability to impart greater mechanical strength, toughness, and durability to ceramic bodies and glass matrices, are established attributes and valued by specific segments in the ceramic industry, thereby catering to the markets with a preference for these attributes.
- Zircon is mostly used in the form of flour, to introduce zirconium to frit compositions, or as micronized zircon to produce glazes, engobes, and ceramic body compositions. Zircon sand is employed to improve the abrasion resistance of glazed surfaces, particularly for floor tiles.
- The adoption of modern tile manufacturing technologies (mainly the double charging process) for porcelain tiles, has had the most significant impact on the reduction of zircon use in ceramics, by constituting approximately 90% of the assessed decline in zircon use in Chinese ceramics. The European and Chinese segments are expected to dominate the demand growth, with China leading the way till 2020.
- In foundry applications, it is used widely as a molding base material for sand casting, investment casting, and Cosworth casting (aluminum). It is also used as mold coatings in die casting and in refractory paints and washes, as it reduces the wettability of other foundry sands.

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The key insights of the Zirconium Market report:

The report provides key statistics on the market status of the Zirconium market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
The Zirconium market report presents the company profile, product specifications, capacity, production value, and 2015-2020 market shares for key vendors.
The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
The report estimates 2020-2025 market development trends of Zirconium Market.
Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out
The report makes some important proposals for a new project of Zirconium Industry before evaluating its feasibility.

Finally, Zirconium Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Zirconium industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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