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Zirconium and Hafnium Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports

09-03-2023 11:08 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Valuates Reports

Zirconium and Hafnium Market

The global 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% during the forecast period 2023-2029.

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Zirconium and Hafnium Market Share

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.

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By Type
• Nuclear Grade Zirconium
• Industrial Grade Zirconium
• Hafnium

By Application
• Nuclear Industry
• Zircaloy Alloys Industry

Key Players
Orano, Westinghouse, ATI, Chepetsky Mechanical Plant, Nuclear Fuel Complex, SNWZH, CNNC Jinghuan, Guangdong Orient Zirconic, Aohan China Titanium Industry, Baoti Huashen, CITIC Jinzhou Metal

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