The “Zirconium Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering.
The global zirconium market reached a value of US$ 1.38 Billion in 2020. Looking forward, the market is expected to grow at a CAGR of around 8% during 2021-2026.
Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Zirconium refers to a lustrous silver-grey transition metal that is commonly found in volcanic and plutonic rocks. It is commercially extracted from minerals, such as zirconium dioxide and zircon, and is found infused with silica, ilmenite and rutile.
It exhibits various advantageous properties, such as high malleability and ductility, resistance to corrosion, heat, acids, alkalis and seawater, along with the ability to form stable compounds. It is commonly used in the manufacturing of pipes, plumbing fittings, heat exchangers, steel alloys, colored glazes, bricks, ceramics, abrasives, lamp filaments and artificial gemstones.
Significant growth in the nuclear power industry across the globe is one of the key factors driving the growth of the market. Zirconium is used for cladding or outer covering in fuel rods due to the properties, such as high structural strength and low neutron absorption.
In line with this, widespread adoption of zirconium alloys for the manufacturing of flashbulbs, surgical instruments, explosive primers and rayon spinnerets. It is also used in the manufacturing of modern porcelain tiles, due to its ability to bind with organic and inorganic sand binders, low thermal expansion and low acidity properties.
Additionally, the rising product adoption in aviation and automotive protective coatings is acting as another growth-inducing factor. Zirconium protects metallic surfaces from prolonged exposure to high temperatures, thereby making it ideal for engine components such as exhaust manifolds, cylinder heads, and pistons.
Other factors, including the replacement of steel dental implants with zirconium alloys, along with extensive research and development (R&D) activities, are anticipated to drive the market further.
Key Questions Answered in This Report
- How has the global zirconium market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What has been the impact of COVID-19 on the global zirconium market?
- What is the breakup of the market based on the occurrence type?
- What is the breakup of the market based on the form?
- What is the breakup of the market based on the end use?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global zirconium market and who are the key players?
- What is the degree of competition in the industry?
The report has also analysed the competitive landscape of the market with some of the key players being
- Alkane Resources Ltd.
- Base Resources Limited
- Doral Mineral Sands Pty Ltd. (Iwatani Corporation)
- Eramet SA
- Iluka Resources Limited
- Kenmare Resources PLC
- Rio Tinto Group
- Saint-Gobain ZirPro
- Tosoh Corporation
- Tronox Holdings PLC
Key Market Segmentation
Breakup by Occurrence Type
Breakup by Form
Breakup by End Use
Breakup by Region
- North America
- United States
- Asia Pacific
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
For more information about this report visit https://www.researchandmarkets.com/r/2yb0mq
Laura Wood, Senior Press Manager
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