Zirconia Market- Global Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segment Analysis

Zirconia Market was valued nearly US$ 5.70 Bn. in 2023. Zirconia Market size is estimated to grow at a CAGR of 6.8% & is expected to reach at US$ 9.03 Bn. by 2030.
Zirconia Market Overview:
Zirconia is a fairly innovative dental restorative material. It's a type of ceramic, or more precisely, a zirconium oxide, that's more durable than other metal alloys & has fewer sharp edges as a result of "wear & tear." Zirconium dioxide (baddeleyite) & zircon are the most prevalent zirconium sources. These fairly heavy minerals are mined in placer deposits & wind-worked sands in Australia, South Africa, the U.S, Russia, & Brazil.To know about the Research Methodology:- Request Free Sample Report

Zirconia Market Trends:

Zirconia is used in precision ball valves (seats & balls), valves & impellors, pump seals, oxygen sensors, high density grinding media, fuel cell membranes, thread guides, medical prostheses, cutting blades, gears, metal forming, radio frequency heating susceptors, metrology components, bearings, bushes, and drive shafts, to name a few.

A zirconia crown has the disadvantage of being opaque, which may make it appear less authentic. This is especially true with monolithic zirconia crowns, which are made entirely of zirconia; however, for back teeth, it may be less of an issue.

The market is expected to grow due to the rising usage of Zirconia in the dentistry sector:

Due to its biocompatibility, good aesthetics, & strong mechanical properties, zirconium dioxide is commonly used in dentistry, specifically in dental restorations such as bridges, crowns, & feldspar porcelain veneers & tooth prostheses. Yttria-stabilized zirconium dioxide is also used to make near-permanent zirconium crowns. Zirconia has seen rapid expansion in medicine & dentistry over the previous decade due to its advantageous physical, biological, cosmetic, & corrosion properties. Despite the fact that zirconia orthopaedic hip implants outperform other systems in terms of wear resistance, catastrophic fracture remains a concern. Endosseous implants, implant abutments, and all-ceramic crowns are all made of zirconia in dentistry. As the need for visually pleasing dental restorations develops, zirconia-based ceramic restorations have become one of the most popular restorative choices.

High demand in the jewellery industry:

Cubic zirconia, in particular, has shown to be a viable diamond alternative (which is extremely expensive). Apart from its durability & striking resemblance to diamonds, cubic zirconia also produces cuts not seen in diamonds & has optical flawlessness that appears colourless to the naked eye. Because it resembles a natural diamond but lacks chemical properties, it is referred described as a diamond imitation rather than a synthetic diamond. Zirconia-based jewellery includes cubic zirconia rings and cubic zirconia earrings.

The market is expected to develop due to the increasing usage of Zirconia for refractory uses:

Because of its strong heat resistance, zirconium dioxide is used in crucibles, furnaces, & other high-heat applications. Furthermore, zirconium dioxide improves ceramic fire resistance. Refractory bricks & armour plates are two examples of zirconia-based refractory materials. When zirconia is added to molten quartz, it can be used to generate siloxide glass, which is a stronger & more stress-resistant glass than quartz opaque glass. Zirconia can also be used in steel casting components when combined with aluminium oxide.
Zirconia Market Segment Analysis:
Based on Type, the market is segmented into Ceramics, Refractories, Zircon Chemicals, Foundry Sand, and Others. Ceramic segment is expected to dominate the Zirconia market over the forecast period. Zirconia ceramic is high grade industrial ceramic material, which are chemically insert and is heat expendable. Zirconia ceramic have high wear resistance and crack propagation resistance. Zirconia ceramic is used to decorate pottery made of clay and other composite material. All these properties of Zirconia ceramic is expected to boost the Zirconia market growth.

Based on Form, the market is segmented by crystal and powder. Powder segment is held the largest zirconia market share in 2023 and is expected to dominate the market over the forecast period. The zirconia powder is used for manufacturing alloys, used in wide range in industries. The zirconia powder is used for the production of nuclear fuel rods and other nuclear reactor components, which is expected to boost the Zirconia market growth.

Based on Application, the market is segmented into Biomaterials, Mechanical Components, Automotive Exhaust Treatment, Wear-Resistant Products, Special Tool, and Others. Biomaterials segment is expected to dominate the market over the forecast period. Use of zirconia in medical applications decreases the aging with physical properties of material. Zirconia based biomaterials are used for Hard Tissue Reconstruction, which is expected to boost the Biomaterial segment growth in the market.
Zirconia Market Regional Overview:
During the forecast period 2024-2030, the APAC region is estimated to lead the Zirconia Market. By 2030, the APAC area is estimated to have a market share of xx percent. In the current circumstances, China controls the worldwide Zirconia industry and is emerging as the fastest-growing nuclear energy user. Demand for Zirconia is likely to rise as the focus shifts to building nuclear power plants. China is a major ceramics consumer & exporter in the globe. According to the China Building Ceramics & Sanitaryware Association, China has about 1,450 ceramic tile companies with over 3,600 manufacturing lines.

China is the world's largest consumer and producer of ceramic tiles. Some of the major ceramic tile manufacturers include NewPearl Group (with a capacity of more than 200 million square metres), Zhongyuan Group (with a capacity of more than 100 million square metres), and Nabel (with a capacity of over 78 million square meters). As the world's fastest-growing nuclear energy consumer, China is quickly gaining traction. The country now operates 50 nuclear reactors with a total net capacity of 47,518 MW. Furthermore, the government is spearheading the development of additional nuclear reactors with a combined capacity of 13,175 megawatts (MW). Demand for Zirconia is predicted to rise as the focus shifts to the development of nuclear power supplies. These are the primary drivers that would propel the APAC region's growth in the Zirconia Market throughout the forecast period.

The objective of the report is to present a comprehensive analysis of the Zirconia Market to the stakeholders in the industry. The past and current status of the industry with the forecasted Market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players which include Market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Zirconia Market dynamics, structure by analyzing the Market segments and project the Zirconia Market size. Clear representation of competitive analysis of key players by Occurrence Type, price, financial position, Occurrence Type portfolio, growth strategies, and regional presence in the Zirconia Market make the report investor’s guide.
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Zirconia Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 5.70 Bn.


Forecast Period 2024 to 2030 CAGR:
6.8%
Market Size in 2030:
US $ 9.03 Bn.


 Segments Covered:
by Product
• Industrial Zirconium Oxide
• Ultrafine Zirconium Oxide
• Others


by Type
• Ceramics
• Refractories
• Zircon Chemicals
• Foundry Sand
• Others


by Forms
• Crystal
• Powder


by Process
• Hydrothermal Method
• Precipitation Method


by Application
• Biomaterials
• Mechanical Components
• Automotive Exhaust Treatment
• Wear-Resistant Products
• Special Tool
• Others



Zirconia Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Zirconia Market Major Players:
• ZIRCOMET LIMITED
• Saint-Gobain
• HC Starck Tungsten GmbH
• American Elements
• Tronox Holdings plc
• DuPont
• Alkane Resources Ltd
• Astron Limited
• ATI
• Australian Zircon NL
• Exxaro
• Bemax Resources Limited
• Rio Tinto
• DAIICHI KIGENSO KAGAKU KOGYO CO., LTD.
• Tosoh Corporation
• Solvay
• INNOVNANO
• Luxfer MEL Technologies
• KCM Corporation
• Sinoceramics, Inc.
FAQ’S:
1) What is the share of the Global Zirconia Market in 2023?
Answer: Zirconia Market was accounted for US$ 5.70 Bn. in the year 2023.

2) Which Application segment is dominating the Global Zirconia Market?
Answer: Commercial segment is the dominating Application segment in the market.

3) What are the key players in the Global Zirconia Market?
Answer: Zircomet, Saint-Gobain ZirPro, H.C. Starck GmbH. American Elements, Tronox Limited, E.I DuPont de Nemours and Company, Alkane Resources, Astron Advanced Materials, Foskor Ltd. Iluka Resources Limited, Namakwa Sands Ltd., Neo Material Technologies Inc., Richards Bay Minerals and Wah Chang, Eramet, Kenmare Resources PLC, Troxon Holdings PLC.

4) Which region has the largest share in Global Zirconia Market??
Answer: Europe region holds the highest share in 2023.