Zirconium Market - Segmented by Occurrence-Type, Application, and Geography - Growth, Trends and Forecast (2019 - 2024)


OCT 2018

Zirconium Market - Segmented by Occurrence-Type, Application, and Geography - Growth, Trends and Forecast (2019 - 2024)

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The global zirconium market is expected to grow at a CAGR of approximately 6.25% during the forecast period (2018-2023). The major factor driving the market growth is the growing use of zirconium in foundries and refractories. Furthermore, a strong growth in the global automobile production and mechanical engineering industries is stimulating the demand for cast parts, which, in turn, is accelerating the growth of zirconium market.

Growth of Nuclear Power Stations In Asia-Pacific Driving the Market

Nuclear-grade zirconium alloys and products are used in the fabrication of fuel assemblies to provide cladding or cover the cylindrical fuel rods that power a nuclear reaction used in the vast majority of current and future nuclear reactor designs around the world. It is used in nuclear reactors owing to its properties, such as resistance to heat, chemicals, and neutron absorption. As countries in the Asia-Pacific invest in nuclear power stations, the region is expected to lead the increase in the demand for zirconium.

Ceramics the Largest Application Type

The ceramic industry is the largest end user of zircon. Urbanization is the leading driver of the ceramic industry. The living standards are directly linked to the use of ceramics. Asia-Pacific is leading consumer of ceramics, and China and India account for the majority of the ceramic market, followed by Vietnam and Indonesia in the Asia-Pacific region. The substitutes for zircon include white clay, feldspar, and kaolin in ceramics. However, these minerals lack the properties of zircon, hence limiting their use and efficiency.


China Dominates the Zirconium Market

China has the largest market, approximately 50%, for zirconium globally. China is gaining popularity as the fastest-growing consumer of nuclear energy, with 38 nuclear reactors in the country currently, with 19 more under construction. The increasing focus on development of nuclear power resources is expected to increase the demand for zirconium usage. The robust manufacturing industry, along with increasing construction activities in the country are driving the demand for ceramics. This, in turn, is expected to increase the demand for zirconium silicate.


Key Developments in the Market

  • December 2017: Iluka Resources Limited approved the development of Cataby mineral sands deposit in Western Australia. It is expected to produce around 50 kilo tons per annum of zircon.

Major players: Iluka Resource Limited, Tronox, Rio Tinto, Cristal, Kenmare, and Alkane Resources Ltd amongst others.

Zirconium Market Report Summary




Zirconium Market

Study Period

(2016 – 2023)

Largest Market Share by Region


Companies Covered

Iluka Resource Limited, Tronox, Rio Tinto, Cristal, Kenmare, and Alkane Resources Ltd amongst others.

Report Offerings

Zirconium Market offers latest trends, growth prospects, industry competitiveness, major players, value/supply chain, regional market share and forecast to 2023.

Reasons to Purchase this Report

  • Identify the current and future prospects of the zirconium market in the developed and emerging markets
  • Analyze various perspectives of the market with the help of Porter’s five forces analysis
  • Information about the growth of the various segments that are expected to dominate the market
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3 months analyst support, along with the Market Estimate sheet (in Excel)

Customization of the Report

  • This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.

1. Introduction

                1.1 Scope of the Report

                1.2 Study Assumptions

                1.3 Study Deliverables

                1.4 Research Phases

2. Executive Summary

3. Market Insights

                3.1 Industry Value Chain Analysis

                3.2 Industry Attractiveness – Porter’s Five Forces Analysis

                                3.2.1 Bargaining Power of Suppliers

                                3.2.2 Bargaining Power of Buyers

                                3.2.3 Threat of New Entrants

                                3.2.4 Threat of Substitute Products or Services

                                3.2.5 Degree of Competition

4. Market Dynamics

                4.1 Drivers

                                4.1.1 Consistent Growth in Foundries and Refractories

                                4.1.2 Growth of Nuclear Power Stations in Asia-Pacific

                                4.1.3 Increasing Usage in Surface Coatings

                4.2 Restraints

                                4.2.1 Reducing Dependence on Zircon

                4.3 Opportunities

                                4.3.1 Stringent Emission Standards in the Automotive Industry

                                4.3.2 Increasing Usage in teh Healthcare Sector, especially Orthopedic Implants

5. Market Segmentation And Analysis (Market Size, Growth, and Forecast)

                5.1 By Occurrence-type

                                5.1.1 Zircon

                                5.1.2 Zirconia

                                5.1.3 Others (Includes Zirconium Metal)

                5.2 By Application

    5.2.1 Ceramics

    5.2.2 Refractories

    5.2.3 Zircon Chemicals

    5.2.4 Foundry Sand

    5.2.5 Others

6. Regional Market Analysis (Market Size, Growth, and Forecast)

                6.1 Production

    6.1.1 Australia

    6.1.2 Brazil

    6.1.3 China

    6.1.4 Indonesia

    6.1.5 South Africa

    6.1.6 Ukraine

    6.1.7 Rest of the World

                6.2 Consumption

                               6.2.1 China

                               6.2.2 United States

                               6.2.3 Japan

                               6.2.4 European Union

                               6.2.5 India

                               6.2.6 Russia

                               6.2.7 Rest of the World

  6.3 Import and Export

     6.3.1 Trade Regulatory Policy Analysis

     6.3.2 Analysis of Major Exporting and Importing Countries

                6.4 Price Trends

7. Competitive Landscape

                7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

                7.2 Market Share Analysis**

                7.3 Strategies Adopted by Leading Global Players

8. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)

   8.1 Alkane Resources Limited

   8.2 Iluka Resources Inc.

   8.3 Tronox

   8.4 Cristal Mining Australia Ltd

   8.5 Rio Tinto

   8.6 Kenmare Resources PLC

   8.7 Mzi Resources Ltd

   8.8 Doral Mineral Sands Pty Ltd

   8.9 Lanka Mineral Sands Ltd

   8.10 Oregon Resources Corporation

   8.11 Indústrias Nucleares Do Brasil SA

   8.12 Binh Dinh Minerals Company

   8.13 Hainan Wenchang Sanlian Mining Co. Ltd

   8.14 Volnogorsk State Mining And Metallurgical Integrated Works

   8.15 HaTinh Minerals and Trading Corporation

   8.16 Thua Thien Hue Minerals Corporation

9. Disclaimer

**Subject to Feasibility and Availability on Public Domain

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