Zirconium Silicate Price Trend

Zirconium Silicate Prices December 2023

The price of zirconium silicate in the US went down by 6% from the last quarter because of slow demand and sufficient availability, though the demand increased slightly in the last days of the period. The latest price for zirconium silicate powder DDP Texas at 3605 USD/MT.

In Q4 2023, Italy saw a reduction in zirconium silicate demand, leading to a 29% price drop compared to the same quarter the previous year. Despite these challenges, optimism for economic improvement exists as 2024 begins. The closing price for zirconium silicate Powder FOB Genoa in Italy was 2123 USD/MT.

The zirconium silicate market in China experienced a price decline to 1970 USD/MT for zirconium silicate powder FOB Shandong, driven by abundant supply and competitive domestic pricing. The market was further pressured by weak demand from both domestic and international buyers, leading to the observed downward price trend.

Zirconium Silicate Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Zirconium Silicate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of zirconium silicate pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of zirconium silicate at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of zirconium silicate price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing zirconium silicate price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Zirconium Silicate Market Analysis

The global zirconium silicate market size reached US$ 1.5 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 2.2 Billion, at a projected CAGR of 4.40% during 2023-2032.

• The expansion of the construction sector, particularly in emerging economies, is fueling the demand for ceramic products, thereby driving the need for zirconium silicate.
• Continual technological advancements in ceramic production have led to more efficient and environmentally friendly processes, which enhance the appeal of zirconium silicate-based products.
• Ongoing development of high-performance ceramics for use in electronics and automotive industries is opening new avenues for zirconium silicate applications, underscoring its versatility and importance as a key industrial mineral.
• Considerable rise in global living standards and the growing middle class, particularly in Asia-Pacific regions, is augmenting the consumer demand for lifestyle products that use zirconium silicate, such as decorative ceramics and bathroom fittings.
• Strategic expansion of distribution channels and the strengthening of global supply chains are enabling manufacturers to reach new markets and reduce logistical costs.
• Zirconium silicate is also finding applications in the health and personal care sectors, particularly in skin care and toothpaste formulations, where its mild abrasive properties are valued.
• The significance of zirconium silicate can be traced to its thermal stability, resistance to corrosion, and opacity, which make it a very useful material in the production of ceramic tiles, sanitary ware, and tableware.
• As the electronics industry continues to expand, there is increasing adoption of zirconium silicate in the production of electronic components such as capacitors and memory devices.
• Zirconium silicate is also being used increasingly in the paints and coatings industry due to its ability to provide opacity and durability to paints.
• Advances in ceramic manufacturing technology, such as 3D printing and automated precision molding, are enhancing the use of zirconium silicate in this sector.
• Zirconium silicate is increasingly being explored for use in biomedical applications, such as bone substitutes and dental implants due to its biocompatibility and structural similarity to natural bone.

Zirconium Silicate News

The report covers the latest developments, updates, and trends impacting the global zirconium silicate market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in zirconium silicate production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the zirconium silicate price trend.

Latest developments in the zirconium silicate industry:

• On May 6, 2021, Imerys launched a €300 million sustainability-linked bond maturing in 2031 with a 1% annual coupon, confirming its commitment to reducing carbon emissions.
• On November 18, 2021, Tronox Holdings plc was awarded a Platinum Rating by EcoVadis, placing it in the top one percent of evaluated companies, signifying a major leap from its Silver Rating in 2019 and 2020.
• On December 13, 2023, Dow (NYSE: DOW) was named to the Dow Jones Sustainability World Index (DJSI) for the 23rd consecutive year, marking its standing as a top performer in the global chemical industry for sustainability.

Product Description

Zirconium silicate is a chemical compound with zirconium and silicon oxides as its main components. The production process of this compound involves the extracting zircon from mineral sand ore and refining it through several chemical and physical processes. The most popular methods include fusion of SiO2 and ZrO2 in an arc furnace, or by reacting a zirconium salt with sodium silicate in an aqueous solution. Some of them include gravity separation, magnetic separation, and electrostatic separation, all of which result in the formation of high-purity zircon.

It is also a crucial element in the foundry sector, for making molds and cores, because of its refractoriness. The advantages of zirconium silicate include higher durability and increased performance of products, as well as higher heat and wear resistance and the best material properties in harsh conditions. Industrial applications ranging from ceramics to dentistry or electronics prove its versatility and inherent importance in modern manufacturing.

Regional Coverage

The report provides a detailed analysis of the zirconium silicate market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the zirconium silicate price trend.

Global Zirconium Silicate Price

The report offers a holistic view of the global zirconium silicate pricing trends in the form of zirconium silicate price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of zirconium silicate but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed zirconium silicate demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Zirconium Silicate Price

By the final quarter of 2023, the European zirconium silicate market had numerous problems because of the declining construction industry, especially in Germany where the sector showed a significant decrease in construction activities and new orders. This decrease in demand affected the prices and dynamics of the zirconium silicate market directly. Financial contraction, markedly higher cost pressures, and extensive customer uncertainties were the main factors leading to the sector's shrinking. Manufacturers in the region remain cautious in the short term but adjust their outlooks and workforces according to the market conditions. During this period, no plants were shut down, but the general decrease in demand across the Europe region was evidenced by a decrease in the price of zirconium silicate.

This analysis can be extended to include detailed zirconium silicate price information for a comprehensive list of countries.

North America Zirconium Silicate Price

The fourth quarter of 2023 in the North American market for zirconium silicate underwent certain dynamics that influenced the pricing of that market and the overall conditions. The lower demand for the material resulted mainly from the lack of construction growth pace, which consequently made the actual operation levels decrease and customers order less. Adversely, the quantity of zirconium silicate remained a lot, being kept moderately by traders throughout the region.

Specific zirconium silicate historical data within the United States and Canada can also be provided.

Middle East and Africa Zirconium Silicate Price

The report explores the zirconium silicate pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on zirconium silicate prices for countries can also be provided.

Asia Pacific Zirconium Silicate Price

The fourth quarter of 2023 was the key challenge for the Zirconium Silicate market in the APAC region because of the oversupply and pricing competitiveness issues. The major domestic manufacturers had to face high pressure to lower the prices as the product was in plenty due to weak demand coming from both domestic and overseas markets. This was a main contributor to the drop in prices. The construction sector ( a primary market of Zirconium Silicate) faced a marked decline in activity accompanied by a decline in new orders as duly noticed. Even so, no shutdown of plants was reported during this period which could imply that producers were keeping their plants on track since they expected the recovery of the market.

This zirconium silicate price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Zirconium Silicate Price

The analysis of zirconium silicate prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of zirconium silicate pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting zirconium silicate price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The zirconium silicate price charts ensure our clients remain at the forefront of the industry.