Zirconium is a greyish-white chemical substance, obtained from the mineral zircon (ZrSiO4) sand. The basic properties of zirconium market includes strength, malleability, ductility and extreme resistance to heat and corrosion by other agents in nature. The unique corrosion resistance properties of zirconium is very useful in maintaining a pH range from strong acids to strong caustics. Zirconium has numerous usage in various applications including ceramics, refractory, chemicals, foundry, and television glass. Furthermore, zirconium alloys are also having extensive usage in fuel cladding. The latest developments in this market space is the rising demand for zirconium in nuclear power and ceramics applications.
The rising demand for zirconium from the nuclear power industry and the ceramics industry is one of the important factors estimated to hike the growth of the global zirconium market in the coming years. Additionally, the growing demand from China and the increasing focus on technological developments are few factors expected to accelerate the growth of the market in the forecast period. The growing focus of major players on new product development and innovations is contributing extensively towards the development of the whole market in the future years.
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The rising awareness regarding the benefits of zirconium is also the factor anticipated to supplement the rise of the overall market in the forecast period. On the other hand, the high costs, increasing gap between supply and demand, and rigorous mining policies are few of the key factors predicted to decline the growth of the global zirconium market throughout the forecast period. Additionally, the volatility in the prices of raw materials is also responsible for the declining increasing the growth of the market. Nonetheless, the expansion of the application base, rising demand, and the usage of zirconium as a better replacement for titanium in the dentistry are anticipated to generate promising opportunities for the key players operating in the market.
The global zirconium market is segmented by type, application and region. The global zirconium market is segmented by type into zircon, zirconia, others. The global zirconium market is segmented by application into refractories, ceramics, nuclear, foundry sand, and others. The global zirconium market is segmented by region into North America, Latin America, Europe, Middle East & Africa and Asia Pacific.
Leading vendors in the global zirconium market Iluka Resources,
Exxaro Resources,Alkane,RBM,Kenmare Resources,Richards Bay Minerals,Chemours, Astron Advanced Materials,Luxfer Group,Cristal Mining,Titanium Tosoh,Tronox,Iluka Resources,Alkane Resources,Kenmare Resources,EI DuPont de Nemours,Australian Zircon,Exxaro Resources,Bemax Resources,Namakwa Sands and Smartac Group China Holdings.According to the research study, the global zirconium market is much consolidated in nature and is projected to witness entry of several players in the coming few years.The competitive landscape of the market is done on the leading players in the China markets in the field of global coffee roasters sales industry.A detailed and deep analysis of adopting the strategic expansion is that it results in increasing the geographic presence and product portfolio
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