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Zirconium Market Trends

  • Report ID: GMI7082
  • Published Date: Oct 2023
  • Report Format: PDF

Zirconium Market Trends

The market trends reflect the dynamic landscape of this versatile material. One prominent trend is the growing demand for zirconium in nuclear energy generation, driven by the need for reliable and heat-resistant materials in nuclear reactor components. The ceramics industry is witnessing increased use of zirconium compounds for their exceptional durability and heat resistance. The market is also influenced by the expansion of the electronics sector, where zirconium is valued for its electrical conductivity and high-temperature resistance.
 

As consumer preferences shift toward sustainable packaging, zirconium's recyclability makes it an attractive choice for eco-conscious consumers. Technological advancements continue to enhance zirconium products, producing lighter, stronger, and more recyclable options. Emerging markets, particularly in Asia, contribute to market growth, further solidifying zirconium's importance in various industries, while environmental and sustainability concerns drive the adoption of zirconium as a green and durable material.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Zirconium industry size was worth around USD 1,780.1 million in 2022 and is estimated to reach USD 3,668.9 million by 2032 driven by rising demand from the nuclear sector and the increasing utilization in ceramics.

The zirconium metal segment generated USD 686.6 million in revenue in 2022 and is expected to witness high demand from 2023-2032 owing to their increasing application in the production of ceramics, refractories, and foundry materials.

U.S. zirconium market size was USD 406.9 million in 2022 and is anticipated to expand significantly during 2023-2032 attributed to the presence of robust nuclear sector and the increasing demand in ceramics across the country.

Some of the prominent zirconium industry players include Iluka Resources Limited, Tronox Holdings plc, Eramet, Kenmare Resources PLC, Rio Tinto Group, Wanhua Chemical Group, BASF SE, Huntsman International LLC, and Evonik Industries AG

Zirconium Market Scope

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  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 203
  • Countries covered: 22
  • Pages: 180
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