Press release
Zirconia Market to Hit USD 9.03 Billion by 2030, Growing at 6.8% CAGR
Zirconia Market
The global Zirconia Market is poised for significant growth, with projections indicating an increase from USD 5.70 billion in 2023 to USD 9.03 billion by 2030. This represents a compound annual growth rate (CAGR) of 6.8% during the forecast period.
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► Competitive Landscape
Key players in the zirconia market include ZIRCOMET LIMITED, Saint-Gobain, HC Starck Tungsten GmbH, American Elements, Tronox Holdings plc, DuPont, Alkane Resources Ltd, Astron Limited, ATI, and Australian Zircon NL. These companies are focusing on strategic partnerships, technological advancements, and capacity expansions to strengthen their market positions.
► Regional Insights
Growth and Opportunities in the United States
The United States is experiencing robust growth in the zirconia market, driven by increasing demand in dental applications due to zirconia's strength, biocompatibility, and aesthetic appeal. Additionally, the expanding industrial sector, particularly in aerospace, automotive, and electronics, is contributing to the rising demand for zirconia in applications such as oxygen sensors, catalytic converters, and electronic components.
Trends and Consolidation in Asia-Pacific
Asia-Pacific is projected to hold the largest share of the global zirconia market over the forecast period. The rising use of dental implants, prosthetics, and medical devices in countries like China and India is driving up zirconia's demand. China, in particular, is the world's largest consumer and producer of ceramic tiles, with significant investments in nuclear energy infrastructure further boosting zirconia demand.
Consolidation and Updation in Europe
Europe maintains a significant position in the global zirconia market, driven by stringent environmental regulations and a strong emphasis on sustainability. Countries like Germany, France, and the UK have established recycling infrastructures and are witnessing increased investments in recycling facilities. Key players such as Saint-Gobain and HC Starck Tungsten GmbH are leading the market through technological innovations and strategic collaborations.
►Growth and Opportunities in the Middle East and Africa
The Middle East and Africa region is experiencing growing adoption of zirconia, particularly in aerospace applications and sustainable construction materials. Countries like South Africa and Nigeria are emerging as significant markets, supported by economic diversification efforts and infrastructural development. Africa's market outlook is bolstered by urbanization, a rising middle class, and increased investment in infrastructure and manufacturing.
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► Recent Developments
Tronox Holdings plc announced plans to expand its zirconia production capacity to meet the growing demand in various industrial sectors.
DuPont secured funding to develop advanced zirconia-based materials aimed at improving the quality and efficiency of high-temperature applications.
Alkane Resources Ltd entered into a strategic partnership with a leading ceramics manufacturer to supply zirconia for advanced ceramic products.
► Zirconia Market Segment Analysis:
by Product
• Industrial Zirconium Oxide
• Ultrafine Zirconium Oxide
• Others
by Type
• Ceramics
• Refractories
• Zircon Chemicals
• Foundry Sand
• Others
Ceramics, Refractories, Zircon Chemicals, Foundry Sand, and Others are the market segments based on type. Over the course of the forecast period, the ceramic segment is anticipated to lead the zirconia market. Zirconia ceramic is a premium industrial ceramic material that may be heated and chemically inserted. Zirconia ceramic is very resistant to wear and the spread of cracks. Pottery composed of clay and other composite materials can be adorned with zirconia ceramic. It is anticipated that all of these characteristics of zirconia ceramic will accelerate the expansion of the zirconia industry.
by Forms
• Crystal
• Powder
The market is divided into crystal and powder segments based on form. The market for zirconia is anticipated to be dominated by the powder category, which held the biggest share in 2023. Zirconia powder is utilized in a variety of industries to create alloys. The manufacturing of nuclear fuel rods and other reactor components uses zirconia powder, which is anticipated to accelerate the growth of the zirconia market.
by Process
• Hydrothermal Method
• Precipitation Method
by Application
• Biomaterials
• Mechanical Components
• Automotive Exhaust Treatment
• Wear-Resistant Products
• Special Tool
• Others
Biomaterials, Mechanical Components, Automotive Exhaust Treatment, Wear-Resistant Products, Special Tools, and Others are the market segments based on application. Over the course of the projected period, the biomaterials sector is anticipated to dominate the market. Zirconia's physical characteristics reduce aging when used in medicinal applications. Hard Tissue Reconstruction uses biomaterials based on zirconia, which is anticipated to accelerate the market's growth in the biomaterials category.
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► Zirconia Market Key Players:
• ZIRCOMET LIMITED
• Saint-Gobain
• HC Starck Tungsten GmbH
• American Elements
• Tronox Holdings plc
• DuPont
• Alkane Resources Ltd
• Astron Limited
• ATI
• Australian Zircon NL
• Exxaro
• Bemax Resources Limited
• Rio Tinto
• DAIICHI KIGENSO KAGAKU KOGYO CO., LTD.
• Tosoh Corporation
• Solvay
• INNOVNANO
• Luxfer MEL Technologies
• KCM Corporation
• Sinoceramics, Inc.
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