Zirconium Dioxide Market Size

Zirconium Dioxide Market Size

Zirconium Dioxide Market size surpassed USD 65 million in 2018 and expects consumption of over 2.7 kilo tons by 2025.

Growing zirconium dioxide nanoparticles demand from paints & coatings and electronics industries should boost market growth. The global coatings market size surpassed USD 150 billion in 2017 owing to construction expenditure which represents healthy growth opportunities. These products offer high strength, chemical stability, microbial & corrosion resistance, and a desirable natural color which increases its suitability for high-temperature electronic applications. Increasing product requirement in fuel cells, protective coatings, and electronic displays is likely to promote zirconium dioxide market growth.

Rising product adoption in aviation and automotive protective coatings is likely to promote market growth. This substance protects metallic surfaces from prolonged exposure to high temperatures which makes it ideal for various engine components such as cylinder heads, pistons, and exhaust manifolds. In 2018, automotive market size expected consumption at around 95 million vehicles globally which represents tremendous growth potential. Rising consumer preference for attractive & aesthetic vehicles, and desire to enhance vehicle longevity should fuel industry growth.
 

The high cost of various product extraction techniques such as fusing, leaching, precipitation and dissolution has boosted the price of ceramics, dental implants and jewellery based on the product, which should hamper market growth. However, manufacturers are focusing on producing cost-effective dental crowns & bridges while maintaining aesthetic appeal and toughness may further accelerate market growth.