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Zirconium Market - Segmented by Occurrence-Type, Application, and Geography - Growth, Trends and Forecast (2018 - 2023)

Zirconium Market - Segmented by Occurrence-Type, Application, and Geography - Growth, Trends and Forecast (2018 - 2023)

The global zirconium market is expected to grow at a CAGR of approximately 6.21% during the forecast period (2018 - 2023). The major factor driving the market growth is the growing use of zirconium in foundries and refractories. Furthermore, a strong growth in the global automobile production and mechanical engineering industries is stimulating the demand for cast parts, which, in turn, is accelerating the growth of zirconium market.

Intensive Properties Driving the Market

Due to the low acidity, high chemical resistance, high bonding capacity, and the low thermal expansion coefficient of zirconium, it is being extensively used in the foundries and refractories as molding base material for sand casting and investment casting. The accelerating usage of zirconium in surface coatings to improve the adhesion, to improve the heat and water/solvent resistance properties, and as a keying agent between the body of coating and the substrate is also likely to drive the zirconium market.

Ceramics the Largest Application Type

The market report can be segmented by application into refractories, ceramics, zircon chemicals, foundry sand, and others, such as radio tubes and detonation caps, with zircon-based ceramics being the major application in the market. In 2017, approximately 50% of the total zirconium consumption, by volume, was contributed by the ceramics application segment. The chemicals segment is estimated to have the highest growth rate, owing to growing application of zirconium as a catalytic converter for automotive and industrial exhaust systems.

China Dominates the Zirconium Market

China has the largest market, approximately 50%, for zirconium globally. The consumption of zirconium will be driven by the nuclear power station in China. China consumes a significantly large amount of zirconium silicate. As per production, Australia is the largest producer of zirconium across the globe.

Key Developments in the Market

- December 2017- Iluka Resources Limited approved the development of Cataby mineral sands deposit in Western Australia. It is expected to produce around 50 kilo tons per annum of zircon.

Major Players -Iluka Resouces Inc., Rio Tinto, Tronox, Kenmare Resources Ltd and Cirstal Mining Australia Ltd, among others.

Reasons to Purchase this Report

- Market definition, along with the identification of factors instrumental in changing the market scenario and prospective opportunities
- Analyzing various market perspectives with the help of Porter’s five forces analysis
- Regions or countries that are expected to witness the fastest growth during the forecast period
- Information about the product segment and application segment which is going to dominate the market over the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
- 3 months analyst support, along with the Market Estimation sheet (in Excel).

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1. Introduction
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Buyers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products or Services
3.2.5 Degree of Competition
3.3 Price Analysis
3.4 Trade Analysis
3.4.1 International Supply Chain Analysis
3.4.2 Trade Regulatory Policy Analysis
3.4.3 Analysis of Major Exporting and Importing Nations
4. Market Dynamics
4.1 Drivers
4.1.1 Consistent Growth in Foundries and Refractories
4.1.2 Growth of Nuclear Power Stations in Asia-Pacific
4.1.3 Accelerating Usage in Surface Coatings
4.2 Restraints
4.2.1 Reducing Dependence on Zircon
4.3 Opportunities
4.3.1 Stringent Emission Standards in Automotive
4.3.2 Growing Usage in Healthcare Sector, especially Orthopedic Implants
5. Market Segmentation And Analysis (Market Size, Growth, and Forecast)
5.1 By Occurrence-type
5.1.1 Zircon
5.1.2 Zirconia
5.1.3 Others (Includes Zirconium Metal)
5.2 By Application
5.2.1 Foundry Sand
5.2.2 Ceramics
5.2.3 Refractories
5.2.4 Zircon Chemicals
5.2.5 Others
6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1 Production
6.1.1 Australia
6.1.2 South Africa
6.1.3 China
6.1.4 Indonesia
6.1.5 Ukraine
6.1.6 France
6.1.7 Brazil
6.1.8 Rest Of The World
6.2 Consumption
6.2.1 China
6.2.2 United States
6.2.3 Japan
6.2.4 European Union
6.2.5 India
6.2.6 Russia
6.2.7 Rest Of The World
7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Global Players
8. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
8.1 Iluka Resources Inc.
8.2 Tronox
8.3 Cristal Mining Australia Ltd
8.4 Rio Tinto
8.5 Kenmare Resources Plc
8.6 Mzi Resources Ltd
8.7 Doral Mineral Sands Pty Ltd
8.8 Lanka Mineral Sands Ltd
8.9 Oregon Resources Corporation
8.10 Indústrias Nucleares Do Brasil S.A.
*List not exhaustive
9. Disclaimer
**Subject to Feasibility and Availability on Public Domain

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