Zirconium Dioxide Market Analysis

Zirconium Dioxide Market Analysis

Global 99% purity market size surpassed USD 35 million in 2018 pertaining to increasing demand from sanitaryware, tableware, waterproof clothing and optical fiber industries. This material serves as an essential ingredient of optical fiber connectors such as ceramic sleeves & ferrules owing to their high stability, resistance to aging & wear and desirable surface finishing properties. Growing demand for optical fibers from the booming telecommunication industry and smart city projects along with rising adoption of sanitaryware in the tourism & hospitality sectors should further boost market growth.
 

Global 99% purity demand from refractory purposes should register over 3.5% gains by 2025 on account of rising demand from glass, ceramic and cement industries. It ensures product reliability and excellent chemical purity which makes them ideal for producing metal filters in refractories for continuous casting of iron & steel alloys. Growing investment in large-scale mining, steel & infrastructure sectors along with booming iron & steel industry should fuel market growth.
 

Global 99.5% purity market size from abrasive applications should surpass USD 6 million by the end of the foreseeable timeframe owing to increasing product demand from automotive sector and significant research initiatives to develop less hazardous products. This product finds extensive usage in manufacturing abrasive discs, papers, and belts on account of its high efficiency, ability to grind dry & hard wood and wear resistance. Favourable government policies to stimulate investment in automotive industry and growing demand for commercial & passenger vehicles should stimulate market growth.
 

99.5% based zirconium dioxide market demand from jewellery applications should exhibit significant gains at over 3% up to 2025 pertaining to changing consumer preferences, rise in disposable income, and growing e-commerce sector. This product offers excellent crystal clarity, brilliance, durability, hardness and refraction which makes it an ideal diamond substitute. Expansion of the middle class, growing innovation in jewellery manufacture and increasing wedding budgets are likely to further accelerate industry growth.
 

North America, driven by Mexico, Canada and U.S. zirconia market demand should register over 3.5% gains by the end of the predicted period owing to the presence of a booming dental implants industry. The region is witnessing a rise in health awareness, increasing number of dental practitioners and growing consumer focus on aesthetic appeal which should boost product adoption. Significant improvement in imaging & diagnosis of dental disorders owing to rising adoption of digital technology and increasing prevalence of oral disorders should further trigger regional market growth.
 

Europe zirconium dioxide market, driven by France, Germany, and UK exceeded USD 22.5 million in 2018 on account of rising demand for medical ceramics. Increasing demand for plastic surgeries, technological advancements and rising incidence of cancer should boost product requirement. Significant growth in elderly population, rise in cardiovascular disorders, and increasing adoption of gene therapy are likely to stimulate market growth.
 

Asia Pacific zirconium dioxide industry size, led by China, India, and Japan should surpass USD 25 million by 2025 pertaining to increasing demand from foundries and ceramic industry. The region is witnessing significant investment in foundry industry and growing requirement for advanced ceramics for manufacturing turbine blades in aerospace industry which are likely to drive product demand. Expanding construction sector, favourable government initiatives to promote sustainable construction materials and rising demand for modular & designer tiles should boost market growth.