Global Zirconium Market Segmented by Occurrence, Type, Application and Geography Trends and Forecasts (2016 - 2021)
The global zirconium market is expected to value USD XX million in 2016, and is likely to reach USD XX million by 2021, projecting a CAGR of XX%, during the forecast period 2016-2021.
Zirconium is a hard and greyish-white metal, and is derived from zirconium silicate mineral or zircon. Its materials are broadly classified as chemical zirconia, fused zirconia, and zirconium chemicals. Zirconium is used in numerous commercial and industrial sectors, owing to its corrosion resistance, thermal stability, high melting point, high refractive index, low wettability to molten metals, and other advanced properties, such as low solubility in glass, and the ability to create glossy white surfaces, which do not fade.
The global zirconium market is being driven by numerous factors, such as the rise in nuclear power stations in Asia-Pacific region, and growing usage of zirconium in surface coatings. However, the market faces certain drawbacks, such as high cost association and reducing dependence on zircon to produce zirconium. Thus, the aforementioned factors act as a hindrance for the growth of the market.
The global zirconium market has been segmented by the basis of type and application. Based on type, the market has been segmented into zircon, zirconia, and others (zirconium metal). In 2015, the XX segment dominated the market, with a market share of XX%. Based on application, thave the market can be further segmented into foundry sand, ceramics, refractories, and others (electronics, healthcare, chemical plants, coatings, automotive catalysts, etc.). Additionally, we have geographically analyzed the market based on production (Australia, South Africa, China, Indonesia, Ukraine, France, Brazil, and Others) and consumption scenarios (China, United States, Japan, European Union, India, Russia, and Others).
The growing usage and applications in healthcare sector (especially in orthopedic implants) and Australia becoming the new growth hub, is expected to offer numerous opportunities for the growth of the global zirconium market. Some major companies dominating the market include:
Cristal Mining Australia Ltd.
E. I. du Pont de Nemours & Co. and others
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