United States Zirconium Market Growth Driven by Expanding Nuclear Power Projects & Aerospace Applications | Key Players: Australian Strategic Materials Ltd, Base Resources Limited, Iwatani Corporation, Eramet SA, Iluka Resources Limited

Global Zirconium Market reached USD 1.4 billion in 2022 and is expected to reach USD 2.5 billion by 2030, growing with a CAGR of 6.9% during the forecast period 2024-2031.

The most recent report published by DataM Intelligence indicates that the "Zirconium Market" is likely to accelerate significantly in the next few years. The Zirconium Market report gives a purposeful depiction of the area by the practice for research, amalgamation, market size, overview, and review of data taken from various sources. The Zirconium Market study includes information on market factors such as the market dynamics, drivers, restraints, challenges, threats, potential growth opportunities, market trends, development patterns, financial information, latest technologies, innovations, leading competitors, and regional analysis of the market.

Zirconium is a transition metal widely used in ceramics, nuclear reactors, and aerospace due to its corrosion resistance and heat tolerance. The market is experiencing steady growth, particularly in nuclear energy applications and advanced materials manufacturing. In the U.S., policy momentum around clean energy has revitalized interest in zirconium for reactor components, while supply chain discussions emphasize reducing reliance on foreign imports.

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The list of Key Players Profiled in the study includes:- 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.

United States: Recent Zirconium-Related Developments

📌 In July 2025, Lightbridge Corporation successfully fabricated enriched uranium-zirconium alloy coupon samples, matching the composition planned for its commercial Lightbridge FuelTM, and will send them to the Advanced Test Reactor (ATR) for irradiation testing.

📌 In 2025, the U.S. zirconium market is forecast to grow from ~132,000 tons (~US $5.7 B in 2024) to ~180,000 tons and ~$8 billion by 2035, driven by nuclear, ceramics, and specialty applications.

Japan: Recent Zirconium-Related Developments

📌 In September 2025, Mitsubishi Heavy Industries (MHI) / Nuclear Development Corporation / JAEA and others are presenting at the AESJ Fall Meeting new developments around coated zirconium alloy fuel cladding as an accident tolerant fuel (ATF) for PWRs, including studies of chromium-coated cladding interacting with spacer grid materials under high-temperature steam.

📌 In May-June 2025, Kyoto Fusioneering delivered a new experimental device for fusion fuel storage using the hydrogen-absorbing alloy ZrCo (zirconium-cobalt) in their Tokyo R&D facility. The device is intended to test core functions of fuel cycle systems for future fusion reactors.

Market Dynamics:

✅Driver: Rising demand in nuclear energy and ceramics industries boosts zirconium consumption.
✅Restraints: High production costs and limited raw material availability hinder supply stability.
✅Opportunities: Expansion in aerospace and medical applications widens market prospects.
✅Challenges: Environmental concerns and regulatory scrutiny on mining practices create risks.

Segmentation Analysis of the Market:

Global Zirconium Market forecast report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market. Zirconium Market, 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)

Research Methodology:

- Primary Research: This method involves collecting new and original data for a specific purpose. Primary research is often conducted through surveys, interviews, focus groups, and observation. It enables researchers to obtain first-hand information directly from the target audience, which is especially useful when researching a new or emerging market.

- Secondary Research: This method involves analyzing and synthesizing existing data from various sources such as industry reports, government publications, academic research, and online databases. Secondary research can provide researchers with valuable insights into industry trends, consumer behavior, and Zirconium market size and growth, without the need for extensive data collection.

Most research studies use a combination of both primary and secondary research methods to ensure comprehensive and accurate data analysis. The specific methodology used in a Zirconium market research study will depend on various factors such as the research objectives, the target audience, and the available resources.

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Regional Outlook:

The following section of the report offers valuable insights into different regions and the key players operating within each of them. To assess the growth of a specific region or country, economic, social, environmental, technological, and political factors have been carefully considered. The section also provides readers with revenue and sales data for each region and country, gathered through comprehensive research. This information is intended to assist readers in determining the potential value of an investment in a particular region.

North America (U.S., Canada, Mexico)

Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)

South America (Brazil, Argentina, Rest of SA)

Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

The analysis objectives of the report are:

- To determine the size of the Global Zirconium Market by identifying its sub-segments.

- To research the key players and analyze their growth strategies.

- To assess the size and value of the Global Zirconium Market based on key regions.

- To analyze the Global Zirconium Market in terms of growth trends, potential, and participation in the overall sector.

- To investigate the Global Zirconium Market size (volume and value) from the company, key regions/countries, goods and applications, and background data.

- Primary Global Zirconium Market manufacturers to specify, clarify, and analyze the product sales volume, value, and market share, market rivalry landscape, SWOT analysis, and future development plans.

- To investigate market competitive developments such as market expansions, agreements, new product launches, and acquisitions.

Reasons to buy:

- Zirconium Market Report segments the market based on economic and non-economic aspects and offers a qualitative and quantitative analysis of the market.

- Market value information is provided for each segment and sub-segment in the Zirconium Market study.

- The region and market segment identified in this study are those predicted to expand the fastest and account for the majority of market shar

- The Zirconium Market Analysis by Geography emphasizes the product or service's consumption in the area and identifies the market-affecting variables for each region.

- The major players' market rankings, as well as the recent partnerships, service/product launches, business expansions, and acquisitions of the companies profiled, are all included in the competitive landscape.

- Extensive company profiles for the top market players, including business overview, company insights, product benchmarking, and SWOT analysis.

- The industry's present and upcoming market outlook in consideration of recent changes, including growth possibilities and drivers as well as obstacles and restrictions in both developing and emerging regions.

- The Zirconium Market offers comprehensive market analysis from a variety of angles using Porter's five forces analysis, as well as market insight using the Value Chain.

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The report answers a number of crucial questions, including:

- Which companies dominate the global Zirconium market?

- What current trends will influence the market over the next few years?

- What are the market's opportunities, obstacles, and driving forces?

- What predictions for the future can help with strategic decision-making?

- What advantages does market research offer businesses?

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