Market Overview:
The global industrial grade zirconium sponge market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for zirconium sponge in various end-use industries, such as aerospace, metallurgy, electronic and corrosion resistant equipment. In addition, the growing demand for zirconium sponge from emerging economies is also contributing to the growth of this market. However, fluctuations in prices of raw materials used in manufacturing zirconium sponge may restrain the growth of this market during the forecast period. On the basis of type, 3-25mm grade accounted for a major share of the global industrial grade zirconium sponge market in 2017 and is expected to continue its dominance duringthe forecast period.
Product Definition:
Industrial Grade Zirconium Sponge is a porous, high-surface-area form of zirconium that is used in a variety of industrial applications. It has a large surface area-to-volume ratio, which makes it an ideal material for use in filters and separators. Additionally, its low density makes it an ideal material for use in lightweight components.
3-25mm:
3-25mm is a size of zirconium metal sponge which is widely used in industrial grade zirconium metal for various applications. The 3-25mm sponges are manufactured by the method of die casting and pressed or sintered from the molten metal.
Other Grade:
Other grades are also known as Universal Sponges and they have a uniform pore structure. The Other grade zirconium sponges are used in applications such as oil well cement, drilling muds, slurry processing, filtration aid and other chemical processing industries.
The Other grade is the most widely used type of industrial-grade zirconium sponge across the globe owing to its properties such as high porosity (70%-90%).
Application Insights:
The global industrial grade zirconium sponge market is segmented on the basis of application into aerospace, metallurgy, electronics and others. The aerospace sector accounted for a major share in 2017 and is expected to maintain its dominance over the forecast period. This can be attributed to factors such as increasing air travel demand owing to rapid urbanization along with rising spending power of consumers in emerging economies such as China, India & Brazil.
ZrO2 sponges are used for corrosion resistance in various industries including oil & gas and petrochemicals which are projected to drive product demand over the forecast period. In addition, they have excellent wear resistance properties which make them suitable for use in heavy-duty applications including mining equipment where high abrasive wear rates occur.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising demand from end-use industries such as metallurgy, aerospace & defense, electronics, and others. In addition, increasing foreign investments coupled with favorable government policies are anticipated to drive zirconium sponge production in this region over the forecast period.
The Asia Pacific held a revenue share of more than 50% in 2017 owing to high product demand from end-use industries such as metallurgy and corrosion resistant equipment manufacturing industry that has been witnessing significant growth due to rapid industrialization across emerging economies including China and India. Moreover, growing automotive sector especially after Brexit is projectededto boost product consumption further driving regional market growth over the next eight years.
Growth Factors:
- Increasing demand for zirconium sponge in various end-use industries such as automotive, aerospace, medical and others is expected to drive the market growth over the forecast period.
- Growing investments by key players in research and development activities to develop new applications of zirconium sponge is anticipated to propel the market growth.
- Rising demand for lightweight materials in automotive and aerospace industry is projected to boost the market growth over the next few years.
- Growing awareness about benefits of using zirconium sponge over other substitutes is likely to fuel the market expansion during forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Grade Zirconium Sponge Market Research Report
By Type
3-25mm, Other Grade
By Application
Aerospace, Metallurgy, Electronic, Corrosion Resistant Equipment, Other
By Companies
ATI Metals, Western Zirconium, Framatome, Chepetsky Mechanical Plant, State Nuclear Baoti Zirconium, Guangdong Orient Zirconic, CNNC Jinghuan, Nuclear Fuel Complex, Liaoning Huagao New Material
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Grade Zirconium Sponge Market Report Segments:
The global Industrial Grade Zirconium Sponge market is segmented on the basis of:
Types
3-25mm, Other Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aerospace, Metallurgy, Electronic, Corrosion Resistant Equipment, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ATI Metals
- Western Zirconium
- Framatome
- Chepetsky Mechanical Plant
- State Nuclear Baoti Zirconium
- Guangdong Orient Zirconic
- CNNC Jinghuan
- Nuclear Fuel Complex
- Liaoning Huagao New Material
Highlights of The Industrial Grade Zirconium Sponge Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 3-25mm
- Other Grade
- By Application:
- Aerospace
- Metallurgy
- Electronic
- Corrosion Resistant Equipment
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Grade Zirconium Sponge Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial grade zirconium sponge is a type of zirconium oxide that has been treated to improve its physical and chemical properties. It is used in applications where high performance and durability are required, such as oil and gas production, water treatment, food processing, aerospace engineering, and nuclear power plants.
Some of the major players in the industrial grade zirconium sponge market are ATI Metals, Western Zirconium, Framatome, Chepetsky Mechanical Plant, State Nuclear Baoti Zirconium, Guangdong Orient Zirconic, CNNC Jinghuan, Nuclear Fuel Complex, Liaoning Huagao New Material.
The industrial grade zirconium sponge market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Grade Zirconium Sponge Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Industrial Grade Zirconium Sponge Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Grade Zirconium Sponge Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Industrial Grade Zirconium Sponge Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Industrial Grade Zirconium Sponge Market Size & Forecast, 2018-2028
4.5.1 Industrial Grade Zirconium Sponge Market Size and Y-o-Y Growth
4.5.2 Industrial Grade Zirconium Sponge Market Absolute $ Opportunity
Chapter 5 Global Industrial Grade Zirconium Sponge Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Industrial Grade Zirconium Sponge Market Size Forecast by Type
5.2.1 3-25mm
5.2.2 Other Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Industrial Grade Zirconium Sponge Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Industrial Grade Zirconium Sponge Market Size Forecast by Applications
6.2.1 Aerospace
6.2.2 Metallurgy
6.2.3 Electronic
6.2.4 Corrosion Resistant Equipment
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Grade Zirconium Sponge Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Industrial Grade Zirconium Sponge Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Industrial Grade Zirconium Sponge Analysis and Forecast
9.1 Introduction
9.2 North America Industrial Grade Zirconium Sponge Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Industrial Grade Zirconium Sponge Market Size Forecast by Type
9.6.1 3-25mm
9.6.2 Other Grade
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Industrial Grade Zirconium Sponge Market Size Forecast by Applications
9.10.1 Aerospace
9.10.2 Metallurgy
9.10.3 Electronic
9.10.4 Corrosion Resistant Equipment
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Industrial Grade Zirconium Sponge Analysis and Forecast
10.1 Introduction
10.2 Europe Industrial Grade Zirconium Sponge Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Industrial Grade Zirconium Sponge Market Size Forecast by Type
10.6.1 3-25mm
10.6.2 Other Grade
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Industrial Grade Zirconium Sponge Market Size Forecast by Applications
10.10.1 Aerospace
10.10.2 Metallurgy
10.10.3 Electronic
10.10.4 Corrosion Resistant Equipment
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Industrial Grade Zirconium Sponge Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Industrial Grade Zirconium Sponge Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Industrial Grade Zirconium Sponge Market Size Forecast by Type
11.6.1 3-25mm
11.6.2 Other Grade
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Industrial Grade Zirconium Sponge Market Size Forecast by Applications
11.10.1 Aerospace
11.10.2 Metallurgy
11.10.3 Electronic
11.10.4 Corrosion Resistant Equipment
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Industrial Grade Zirconium Sponge Analysis and Forecast
12.1 Introduction
12.2 Latin America Industrial Grade Zirconium Sponge Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Industrial Grade Zirconium Sponge Market Size Forecast by Type
12.6.1 3-25mm
12.6.2 Other Grade
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Industrial Grade Zirconium Sponge Market Size Forecast by Applications
12.10.1 Aerospace
12.10.2 Metallurgy
12.10.3 Electronic
12.10.4 Corrosion Resistant Equipment
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Industrial Grade Zirconium Sponge Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Industrial Grade Zirconium Sponge Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Industrial Grade Zirconium Sponge Market Size Forecast by Type
13.6.1 3-25mm
13.6.2 Other Grade
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Industrial Grade Zirconium Sponge Market Size Forecast by Applications
13.10.1 Aerospace
13.10.2 Metallurgy
13.10.3 Electronic
13.10.4 Corrosion Resistant Equipment
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Industrial Grade Zirconium Sponge Market: Competitive Dashboard
14.2 Global Industrial Grade Zirconium Sponge Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ATI Metals
14.3.2 Western Zirconium
14.3.3 Framatome
14.3.4 Chepetsky Mechanical Plant
14.3.5 State Nuclear Baoti Zirconium
14.3.6 Guangdong Orient Zirconic
14.3.7 CNNC Jinghuan
14.3.8 Nuclear Fuel Complex
14.3.9 Liaoning Huagao New Material
