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The global zirconium market reached a value of US$ 1.66 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.65 Billion by 2027, exhibiting at a CAGR of 8.4% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are 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.
IMARC Group provides an analysis of the key trends in each sub-segment of the global zirconium market report, along with forecasts for growth at the global and regional level from 2022-2027. Our report has categorized the market based on occurrence type, form and end use.
Breakup by Occurrence Type:
Breakup by Form:
Breakup by End Use:
Breakup by Region:
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 and Tronox Holdings Plc.
|Base Year of the Analysis||2021|
|Segment Coverage||Occurrence Type, Form, End Use, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||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 and Tronox Holdings Plc|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
The global zirconium market was valued at US$ 1.66 Billion in 2021.
We expect the global zirconium market to exhibit a CAGR of 8.4% during 2022-2027.
The extensive utilization of zirconium in the manufacturing of pipes, plumbing fittings, heat
exchangers, etc., owing to its high malleability, ductility, resistance to corrosion, heat, and acids is
primarily driving the global zirconium market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent
lockdown regulations across several nations, resulting in the temporary closure of numerous
manufacturing units for zirconium.
Based on the occurrence type, the global zirconium market can be categorized into zircon, zirconia,
and others. Currently, zircon exhibits clear dominance in the market.
Based on the form, the global zirconium market has been segmented into crystal and powder, where
powder represents the largest market share.
Based on the end use, the global zirconium market can be bifurcated into ceramics, chemicals,
foundry, refractories, and others. Among these, ceramics account for the majority of the total
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle
East and Africa, and Latin America, where Asia Pacific currently dominates the global market.
Some of the major players in the global zirconium market include 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 and
Tronox Holdings Plc.
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