Global Zirconia Market was valued at USD 5.11 Bn in 2019 and is expected to reach at USD 7.68 Bn by 2027 at a CAGR of xx% over forecast period 2020-2027.Global Zirconia Market is segmented by forms (crystal and powder), by application (Ceramics, refractories, zircon chemicals, foundry sand and others) and by region (North America, South America, Asia Pacific, Europe and Middle East & Africa).
Increasing utilities in numerous applications such as medical products, optical fibres and waterproofing clothing, demand as an opacifier in ceramic applications including sanitary ware, floor and wall tiles, and tableware are driving the zirconia market. Volatility in the prices of zirconium along with shortage in supply has impacted market growth. Production targeted towards nuclear energy provides lucrative opportunities for zirconia market growth in the forecast period.
Ceramic application segment held highest market share over forecast period.
Applications of zirconia in ceramics are to make ceramic pigments, porcelain glaze to make artificial jewellery, and to make abrasive, insulating, and fire-retarding materials. Increase in the production of nanoparticles is estimated to gain the market for zirconia.
Asia Pacific region is leading the global market.
A sharp rise in demand for the mineral in ceramic and foundries. In addition, exploration of new mine reserves is expected to influence the consumption of zirconium oxide across the end-use sectors. Growing demand for zirconia has led to amendments in production technologies in the industry.
This report includes a study of marketing and development strategies, along with the Form portfolios of leading companies. It includes the profiles of leading manufacturers such as E.I DuPont de Nemours and Company, Alkane Resources, Astron Advanced Materials, Allegheny Technologies, Astron, Australian Zircon NL, Astron Advanced Materials, Exxaro Resources Ltd, Bemax Resources Limited, Luxfer Group, Rio Tinto Plc, Foskor Ltd., Iluka Resources Limited, Namakwa Sands Ltd., Neo Material Technologies Inc., Richards Bay Minerals and Wah Chang are major players operating in the global zirconia market.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the global zirconia market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global zirconia market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market of our clients and at the same time explain global zirconia market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Zirconia Market”.
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