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Zirconium and Hafnium market was valued at US$ 749.6 million in 2022 and is anticipated to reach US$ 956.4 million by 2029, witnessing a CAGR of 3.5% - valuates reports
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Zirconium is a chemical element with the symbol Zr, atomic number 40 and atomic mass of 91.224. The name of zirconium is taken from the mineral zircon, the most important source of zirconium, and from the Persian word "zargun - زرگون", meaning "gold colored". It is a lustrous, grey-white, strong transition metal that resembles hafnium and, to a lesser extent, titanium.
The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
North America is the largest Zirconium and Hafnium market with about 36% market share. Europe is follower, accounting for about 29% market share.
The key players are Orano, Westinghouse, ATI, Chepetsky Mechanical Plant, Nuclear Fuel Complex, SNWZH, CNNC Jinghuan, Guangdong Orient Zirconic, Aohan China Titanium Industry, Baoti Huashen, CITIC Jinzhou Metal etc. Top 5 companies occupied about 87% market share.
This report aims to provide a comprehensive presentation of the global market for Zirconium and Hafnium, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Zirconium and Hafnium.
The Zirconium and Hafnium market size, estimations, and forecasts are provided in terms of output/shipments (MT) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Zirconium and Hafnium market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
Segment by Type
Nuclear Grade Zirconium
Industrial Grade Zirconium
Hafnium
Segment by Application
Nuclear Industry
Zircaloy Alloys Industry
Others
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