Zirconium Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Zirconium Sand Market is Segmented by Occurrence Type (Zircon, Zirconia, and Other Occurrence Types), Application (Zircon Flour/Milled Sand, Zircon Opacifier, Refractories (Zirconia), Zircon Chemicals, and Zircon Metal), and Geography. The report offers market size and forecasts for zirconium in volume (kilotons) for all the aforementioned segments.

Zirconium Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Zirconium Market Size

Zirconium Market Summary
Study Period 2019 - 2030
Market Volume (2025) 1.76 Million tons
Market Volume (2030) 2.18 Million tons
CAGR 4.30 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration High

Major Players

Zirconium Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Zirconium Market with other markets in Chemicals & Materials Industry

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Zirconium Market Analysis

The Zirconium Market size is estimated at 1.76 million tons in 2025, and is expected to reach 2.18 million tons by 2030, at a CAGR of 4.3% during the forecast period (2025-2030).

A sharp increase in the number of COVID-19 cases led to numerous countries resorting to lockdowns, which significantly affected the global economy. The economic and industrial activities came to a temporary halt, which led the zirconium market to witness repercussions in terms of both production and demand from end-user industries, such as iron and steel, cement, energy and chemicals, and ceramics. However, the increasing focus on developing nuclear power resources is expected to help the market achieve positive growth during the forecast period.

  • Over the medium term, the major factors driving the market's growth are the growth in foundries and refractories, the increasing number of nuclear power stations in Asia-Pacific, and the accelerating usage of surface coatings.
  • On the other hand, the reducing dependence on zircon is likely to hinder the growth of market significantly.
  • The rising demand for zirconium in the healthcare sector for orthopedics and stringent emission standards pertaining to the automotive industry are expected to create the opportunities for the market studied.
  • China dominated the market studied, accounting for a major share of the total revenue, and it is expected to witness the fastest CAGR over the forecast period.

Zirconium Industry Overview

The global zirconium market is consolidated, with the top five companies accounting for major shares of global consumption. Most of the consumption of zirconium is in the Asia-Pacific region and Europe. The major players in the market include Iluka Resources Limited, Rio Tinto, Tronox Holdings PLC, Kenmare Resources PLC, and Eramet.

Zirconium Market Leaders

  1. Iluka Resources Limited

  2. Tronox Holdings plc

  3. Eramet

  4. Kenmare Resources PLC

  5. Rio Tinto

  6. *Disclaimer: Major Players sorted in no particular order
Zirconium Market Concentration
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Zirconium Market News

  • Recent developments pertaining to the market studied will be provided in the final report.

Zirconium Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Growth of Nuclear Power Stations in the Asia-Pacific
    • 4.1.2 Consistent Growth in Foundries and Refractories
    • 4.1.3 Accelerating Usage in Surface Coatings
  • 4.2 Restraints
    • 4.2.1 Reducing Dependence on Zircon
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition
  • 4.5 Import and Export
    • 4.5.1 Trade Regulatory Policy Analysis
    • 4.5.2 Price Trends

5. MARKET SEGMENTATION (Market Size in Volume)

  • 5.1 Occurrence Type
    • 5.1.1 Zircon
    • 5.1.2 Zirconia
    • 5.1.3 Other Occurrence Types
  • 5.2 Applications
    • 5.2.1 Zircon Flour/Milled Sand
    • 5.2.2 Zircon Opacifier
    • 5.2.3 Refractories (Zirconia)
    • 5.2.4 Zircon Chemicals
    • 5.2.5 Zircon Metal
  • 5.3 Geography
    • 5.3.1 Production
    • 5.3.1.1 Australia
    • 5.3.1.2 Brazil
    • 5.3.1.3 China
    • 5.3.1.4 India
    • 5.3.1.5 Indonesia
    • 5.3.1.6 South Africa
    • 5.3.1.7 Ukraine
    • 5.3.1.8 Rest of the World
    • 5.3.2 Consumption
    • 5.3.2.1 China
    • 5.3.2.2 United States
    • 5.3.2.3 Japan
    • 5.3.2.4 European Union
    • 5.3.2.5 India
    • 5.3.2.6 Russia
    • 5.3.2.7 Rest of the World

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%) Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 Australian Strategic Materials Ltd
    • 6.4.2 Base Resources Limited
    • 6.4.3 Binh Dinh Minerals Company
    • 6.4.4 Doral Mineral Sands Pty Ltd
    • 6.4.5 Eramet
    • 6.4.6 Iluka Resources Limited
    • 6.4.7 INB
    • 6.4.8 Kenmare Resources PLC
    • 6.4.9 Lanka Mineral Sands Limited
    • 6.4.10 MZI Resources Ltd
    • 6.4.11 Rio Tinto
    • 6.4.12 Tronox Holdings PLC
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Growing Usage in the Healthcare Sector, Especially Orthopedic Implants
  • 7.2 Stringent Emission Standards Pertaining to Automotive
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Zirconium Industry Segmentation

Zirconium is a grayish-white metal with a wide range of industrial, commercial, and scientific applications. It is the 20th most abundant element in the Earth's crust. It commonly occurs as the mineral zircon (ZrSiO4) in a silicate form. It is less frequently available as the mineral baddeleyite (natural zirconia or ZrO2) in an oxide form.

The zirconium market is segmented by occurrence type, end-user industry, and geography. By occurrence type, the market is segmented into zircon, zirconia, and other occurrence types. By application, the market is segmented into zircon flour/milled sand, zircon opacifier, refractories (zirconia), zircon chemicals, and other applications. The report also covers the size and forecast for the zirconium market in five key countries across major regions, with production across seven countries in major regions. For each segment, the market sizing and forecasts have been done on the basis of volume (kilotons).

Occurrence Type Zircon
Zirconia
Other Occurrence Types
Applications Zircon Flour/Milled Sand
Zircon Opacifier
Refractories (Zirconia)
Zircon Chemicals
Zircon Metal
Geography Production Australia
Brazil
China
India
Indonesia
South Africa
Ukraine
Rest of the World
Consumption China
United States
Japan
European Union
India
Russia
Rest of the World
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Zirconium Market Research FAQs

How big is the Zirconium Market?

The Zirconium Market size is expected to reach 1.76 million tons in 2025 and grow at a CAGR of 4.30% to reach 2.18 million tons by 2030.

What is the current Zirconium Market size?

In 2025, the Zirconium Market size is expected to reach 1.76 million tons.

Who are the key players in Zirconium Market?

Iluka Resources Limited, Tronox Holdings plc, Eramet, Kenmare Resources PLC and Rio Tinto are the major companies operating in the Zirconium Market.

Which is the fastest growing region in Zirconium Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Zirconium Market?

In 2025, the Asia-Pacific accounts for the largest market share in Zirconium Market.

What years does this Zirconium Market cover, and what was the market size in 2024?

In 2024, the Zirconium Market size was estimated at 1.68 million tons. The report covers the Zirconium Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Zirconium Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Zirconium Industry Report

Statistics for the 2025 Zirconium market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Zirconium analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.