Press release
Zirconium Market Growth Trends, Regional Breakdown, Segmentation, Restraints, and Forecast to 2024-2031 | Australian Strategic Materials Ltd, Base Resources Limited, Iwatani Corporation.
Zirconium Market || 2024-2031
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What is the projected growth rate (CAGR) of the Global Zirconium market from 2024 to 2031, and what is the market value expected to change by 2031?
Global Zirconium Market reached USD 1.4 billion in 2023 and is expected to reach USD 2.5 billion by 2031, growing with a CAGR of 6.9% during the forecast period 2024-2031.
What is Zirconium Market?
The zirconium market focuses on the production and application of zirconium, a versatile metal known for its high resistance to corrosion and heat. Zirconium is primarily used in industries such as nuclear energy, where it serves as a cladding material for nuclear reactors, as well as in ceramics, chemicals, and medical applications. The market is driven by increasing demand for nuclear energy, advancements in ceramic technologies, and the growth of the aerospace and automotive sectors, leading to innovations in zirconium processing and applications.
Growth Driver
Expanding Chemical Industry
Zirconium is essential in the chemical industry, serving a wide range of applications. It is commonly used in various types of equipment, including boilers, tanks, pressure vessels, pumps, and valves. The exceptional corrosion resistance of zirconium alloys makes them particularly valuable, as they can withstand exposure to salt solutions, certain molten salts, organic and inorganic acids, and strong alkalis. This resilience contributes to their growing importance in ensuring the durability and reliability of chemical processing equipment.
Key Players:
Profiles of some of the major players in the global Zirconium market, which include Australian Strategic Materials Ltd, Base Resources Limited, Iwatani Corporation, Eramet SA, Iluka Resources Limited, Kenmare Resources Plc, Rio Tinto Group, Saint-Gobain ZirPro, Tosoh Corporation, Tronox Holdings Plc.
Industry Development:
On August 3, 2023, ASM and USA Rare Earth announced a significant long-term agreement focused on metal sales and tolling. This five-year framework agreement entails the supply of neodymium iron boron (NdFeB) alloy, enhancing cooperation between the two companies in the rare earth materials sector.
On May 11, 2023, Eramet announced its commitment to Corporate Social Responsibility (CSR) by initiating its first audit under the Initiative for Responsible Mining Assurance framework. This audit marks the beginning of Eramet's efforts to ensure responsible mining practices and improve sustainability within its operations.
The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Zirconium market.
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Market Segments:
The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.
By Type: Zircon, Zirconia, Others.
By Form: Crystal, Powder.
By Process: Hydrothermal Method, Precipitation Method.
By End-User: Ceramic, Foundry Sands & Coatings, Refractory, Chemical, Glass, Nuclear Power, Cosmetics, Food Packaging, Healthcare, Industrial, Papers, Others.
Regional Break out:
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
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Key Features
➧ Gain deep insights into market dynamics, trends, and opportunities to stay ahead in a competitive landscape.
➧ Track competitor's movements in real time, allowing you to swiftly adapt strategies and remain competitive.
➧ Compare your performance with industry leaders to identify gaps, strengths, and areas for improvement.
➧ Stay updated with emerging market trends, technological advancements, and customer behaviour to refine your strategy.
➧ Receive actionable insights and recommendations to drive your business toward growth and long-term success.
➧ Tailor competitive intelligence to your unique business needs, ensuring relevant and focused analysis.
➧ Evaluate supply chain efficiency and logistics strategies to optimize operations and minimize disruptions.
➧ Understand key players, stakeholders, and partnerships to navigate the competitive landscape more effectively.
➧ Identify and target specific market segments with detailed intelligence on customer preferences and behaviours.
➧ Stay informed on regulatory changes and legal requirements impacting your industry to ensure compliance and mitigate risks.
Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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