Uploaded on Sep 22, 2020
Global Zirconium market has been leaning towards the growth curve and contributing to the global economic scenario on the basis of growth rate and revenue
Zirconium Market
Zirconium
Market To
Reach USD
620.0 Million
By 2026
Market
Summary
Increase in nuclear power stations, rise in demand for surface coating products, and
diverse applicability of zirconium are significant factors boosting Zirconium Market.
Market Size – USD 420.0 Million in 2018, Market Growth - CAGR of 4.9%, Market Trends –
Rise in the number of nuclear power stations.
The Global Zirconium Market is forecast to reach USD 620.0 Million by 2026, according to a new report by
Reports and Data.
Various factors promote the expansion of the zirconium market. One of the mentionable factors in this
context is the rise in the number of nuclear power stations in developing nations. Such an increase in nuclear
power stations in developing countries results in promoting the demand for zirconium and expanding
market growth. Regions like the Asia Pacific is a significant exporter of ceramics that have positive impact on
the growth of the market.
Market
Summary
In addition to the specified fact, zirconium has strong corrosion resistance properties that makes it
appropriate for its application in nuclear power plants. The rise in nuclear power plants in developing
nations and the presence of appropriate qualities to implement it in these plants contributes to the expansion
of the industry. Apart from that, zirconium has diverse applicability ranging from table, pipes, sanitary ware,
decorative ware, bricks, and ceramic tables. Such different application of zirconium also contributes to its
market growth. It has qualities like high chemical resistance, low thermal expansion coefficient. These
qualities in zirconium makes it applicable in foundry and refractories.
In regards to the region, Asia Pacific leads the market due to the rise in the number of nuclear power plants
and a significant export of ceramics. A combination of these two factors makes the zirconium market relevant
to this region that contributes to its market dominance.
The zirconium market held a market share of USD 420.0 million in the year 2018. It is forecasted to grow at a
rate of 4.9% during the forecast period.
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Market
Summary
Key market players include
Alkane, Iluka Resources, Tronox, Exxaro Resources, Kenmare Resources, Luxfer Holdings PLC, RBM, Oxkem
Limited, Richards Bay Minerals, and Smartac Group China Holdings Limited.
Occurrence Type Outlook (Revenue, USD Million; 2016-2026) (Kilo Tons)
Zircon
Zirconia
Others
Processing Type Outlook (Revenue, USD Million; 2016-2026) (Kilo Tons)
Extraction
Refining
To identify the key trends in the industry, click on the link :
https://www.reportsanddata.com/report-detail/zirconium-market
Market
Summary
Further key findings from the report suggest
End-user Outlook (Revenue, USD Million; 2016-2026) (Kilo Tons)
Ceramics
Zircon chemicals
Refractories
Foundry
Others
Related Reports –
SB Wire -
http://www.sbwire.com/press-releases/zirconium-market-2019-2026-growth-analysis-by-key-players-like-iluka-res
ources-alkane-exxaro-resources-tronox-kenmare-resources-rbm-1230196.htm
Digital Journal - http://www.digitaljournal.com/pr/4782210?noredir=1
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from varied areas of expertise.
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