Home > Polymers & Advanced Materials > Nano Composite Zirconia Market
Nano Composite Zirconia Market is slated to progress on a profitable growth trajectory through 2032, powered by a strong product demand across medical and automotive sectors. The use of these materials in medicine and dentistry has increased rapidly in recent years owing to their superior corrosion resistance and aesthetic properties. In the automotive sector, nano composite zirconia is used for the production of oxygen sensors, which are becoming mandatory due to strict regulatory standards.
Superior attributes of the material, such as enhanced chemical resistance, exceptional stability, low thermal conductivity, high strength, and robust fracture toughness would impel its demand across myriad industrial and engineering sectors in the coming years.
The ongoing inflation induced by raw material price hike is slated to have a negative impact on dental industry. As per reliable estimates, the global dental sector is witnessing an inflation rate of 11%. This is further expected to put on a hold the demand for nano composite zirconia, hampering the market landscape.
On the basis of type, the nano composite zirconia market is bifurcated into nano zirconia and composite zirconia. The nano zirconia market is anticipated to record substantial gains between 2023 and 2032. The materials find use as a catalyst in a wide range of organic reactions, in dental and optical coatings, and in photocatalytic and piezoelectric applications. They are among the primary constituents of ceramic dental materials. Nano zirconia is also witnessing new biomedical applications such as in antioxidant activities, anticancer agents, and cytotoxicity through reactive oxygen species. The expanding scope of research and development in medical and dental applications will augment the product demand significantly over the next 10 years.
Considering the applications, the super toughened ceramics segment is expected to hold a notable share of the nano composite zirconia industry in the forthcoming years. The product’s brilliant physical characteristics have enabled its extensive use across various sectors. These materials provide high abrasion and wear and tear resistance. Some varieties of super hard ceramics are also light in weight and provide high strength, toughness, chemical resistance, thermal conductivity, and low thermal expansion. The increasing demand for these ceramics across automotive, construction, medical, and other areas will bolster the industry outlook.
From a geographical point of view, North America nano composite zirconia market size will experience notable expansion during 2023-2032. The regional demand is expected to be largely driven by the expanding dental sector and rising prevalence of dental disorders in the continent. As per National Institute of Dental and Craniofacial Research, tooth decay affects nearly 90% American adults aged 20 to 64 years, while approximately 50% of adults complain of gum disease. This has led to the increased utilization of ceramics in dentistry for making braces, crowns, and veneers. Ceramics are also used for dental procedures and dental fittings owing to their biocompatibility, hardness, insolubility, and aesthetic feel.
Saint-Gobain, Showa Denko, Solvay, Tosoh, KYOCERA, Emperor Nano Material, Wan Jing New Material, Guangdong Orient, Daiichi Kigenso Kagaku Kogyo, Shandong Sinoc, Ceramtec, Huawang, Jiangsu Lida Gaoke, Rauschert, H.C. Starck, and VITA Zahnfabrik are some of the leading suppliers of nano composite zirconia market. These conglomerates are striving to gain a competitive advantage in the overall industry space via product launches, acquisitions, mergers, and firm expansions.
Citing an instance, Kyocera, in December 2022, publicized its plans of building a new manufacturing plant in Nagasaki Prefecture in Japan by 2026. Through this initiative, the firm seeks to achieve sales of more than $14.5 billion in its current fiscal year ending March 2023.