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United States Zirconium Market Insights 2025 | Key Developments, Industry insights, Future Growth - Companies are Iwatani Corporation, Eramet SA, Iluka Resources Limited, Kenmare Resources Plc, Rio Tinto Group
Zirconium Market
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Latest M&A Activity
The zirconium segment is seeing ongoing M&A, with manufacturers and chemical companies acquiring specialized players in high-purity and nuclear-grade zirconium to expand advanced ceramics, pharmaceuticals, and nuclear applications.
Strategic partnerships and acquisitions focus on securing supply chains and scaling capacity, particularly for the electronics, semiconductor, and nuclear energy sectors.
Key Players:
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.
Product Launches
AstraZeneca Pharma India will launch Lokelma (sodium zirconium cyclosilicate powder) for oral suspension (5g) in November 2025 for the treatment of hyperkalaemia. This follows the company's regulatory approval in March 2025. The 10g version is also cleared but not initially marketed.
Advances in zirconium silicate ceramic balls for industrial grinding and pharmaceutical industries were launched in 2025, with new grades enabling faster processing, greater wear resistance, and use in pigment, medicine, and high-purity chemical applications.
Product innovation also continues in nuclear-grade zirconia and ceramic dental materials, catering to high-performance and biocompatible applications
Growth Forecast Projected:
The Global Zirconium Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the global Zirconium Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Key Segments:
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 Analysis for Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Latest Investments
Major investments are targeting high-purity zirconium and zirconium precursor production, especially for electronics and semiconductors, driven by R&D in advanced electronic materials and the expansion of nuclear energy.
Research clusters in Asia-Pacific and North America are attracting capital for zirconium-based innovations in high-strength alloys, bioceramics, and functional coatings.
Industrial advances-such as energy-saving grinding media, nuclear alloys, and eco-friendly production-have drawn both public and private investment throughout 2025.
Benefits of the Report:
Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.
Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.
Chapter 3: Offers an in-depth look at the competitive landscape among Zirconium producers, including revenue shares, strategic moves, and recent mergers and acquisitions.
Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.
Chapters 5 & 6: Analyze Zirconium revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.
Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.
Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.
Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.
Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.
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FAQ's
Q1: What is the current size of the Zirconium Market?
A: The Zirconium Market stood at USD 1.4 billion in 2022 and is set to experience remarkable growth, reaching USD 2.5 billion by 2030
Q2: How fast is the Zirconium Market growing?
A: The Market is on an impressive growth trajectory, expected to expand at a CAGR of 6.9% from 2025 to 2032
Market Outlook
The market for high-purity zirconium is projected at $598 million in 2025; extra-pure zirconium oxychloride is forecast at $429 million, both seeing robust growth due to electronics and biomedical demand.
Pharmaceutical applications now account for a growing share of market demand, driven by innovations like Lokelma and inert grinding media for API manufacturing.
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