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Zirconium Oxychloride Market Projected to Witness a Double-Digit CAGR During 2017-2025
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Global Zirconium Oxychloride Market: Market Dynamics
Global Zirconium Oxychloride Marker Drivers
The major factor driving the growth of global zirconium oxychloride market is its increasing demand from paints, dyes and inks and coatings industry. Zirconium oxychloride improves the drying ability of paints and coatings, making its application easier.
Moreover, there has been an increase in the use of zirconium oxychloride across a number of other end use industries and applications, such as textile, ceramics, rubber, antiperspirants, water repellents and others. With the steady growth across these industries, the global zirconium oxychloride market is also projected to grow during the forecast period.
Global Zirconium Oxychloride Market Restraints
As the market comprises a number of China-based players, one of the major challenge faced by the global zirconium oxychloride manufacturers is the easy availability of products at competitive prices.
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Global Zirconium Oxychloride Market Trends
The global zirconium oxychloride market has seen increasing investments in the area of research and development to explore the possibility of usage in a number of non-conventional applications, such in nano technology in electrical and electronics industry. Over the past few years, zirconium oxychloride has also been used in nuclear reactors and in medical applications.
Global Zirconium Oxychloride Market: Regional Outlook
The global zirconium oxychloride market is anticipated to be dominated by the Asia Pacific region, both in terms of market share and CAGR index. China is projected to hold a significant share in the Asia Pacific zirconium oxychloride market. India is also anticipated to gain considerable market share in the Asia Pacific zirconium oxychloride market. This can be attributed to the steady growth in end use industries, such as textile, ceramic and paints, coatings and inks industry. North America and Europe are projected to hold significant share in the global zirconium oxychloride market. Latin America, on the other hand, is projected to show moderate growth over the outlook period. Regions, such as Middle East and Africa and Japan are projected to show relatively slower growth as compared to other regions.
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Global Zirconium Oxychloride Market: Key Players
Some of the key players identified across the value chain for global zirconium oxychloride market are:
Guangdong Dongfang Zirconium Technology Co., Ltd.
Henan Billions Chemicals Co. Ltd.
Zr-Valley Science & Technology Co. Ltd.
Zibo Guangtong Chemical Co., Ltd.
Jiangxi Kingan Hi-Tech Co., Ltd.
Saint-Gobain (Saint-Gobain ZirPro)
Sisco Research Laboratories Pvt. Ltd.
Allegheny Technologies Incorporated (ATI)
HiCharms Ltd.
Bhalla Chemical Works Pvt. Ltd.
B. ENTERPRISES
Star Earth Minerals Private Limited
Zirconium Chemicals Pvt. Ltd.
Indenta Chemicals India Pvt. Ltd.
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