Market Overview:
The global nuclear grade sponge zirconium market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for nuclear grade sponge zirconium from the nuclear power plant and military nuclea powered submarine applications. North America is expected to dominate the global market during the forecast period, owing to the presence of key players in this region and rising demand for nuclear grade sponge zirconium from various end-use industries.
Product Definition:
Nuclear grade sponge zirconium is a highly porous form of the metal that is used in nuclear reactors. The porosity allows it to act as a neutron reflector and moderator, which helps to keep the reactor running safely.
3-25mm:
3-25mm is a term used for the range of zirconium alloys with composition of nickel, iron, chromium and molybdenum. It has applications in nuclear power plants as fuel cladding material and thermal insulation. The global 3-25mm market size was valued at USD 1.8 billion in 2016 which is anticipated to grow at an estimated CAGR of XX% from 2017 to 2022.
Other Grade:
Other grade zirconium is a low-quality and low-priced product, which is produced by the reduction of hexagonal zirconia (Zr(OH)6) with calcium or sodium. It has different properties from nuclear grade sponges such as high thermal conductivity, lower electrical resistivity and specific heat, different surface chemistry on treatment time & temperature etc.
Other grades are used in nuclear fuel for their moderation to high density.
Application Insights:
The application segment includes nuclear power plant, military nuclea powered submarine, aircraft carrier, and others. The nuclear power plant segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. Nuclear grade sponges are used as radiation protection equipment at reactors as they prevent radioactive contamination from direct contact with the body by absorbing radioactivity through its outer layer of keratinized cells.
The military nuclea powered submarine application is expected to witness significant growth over the forecast period owing to increasing demand for such products from countries such as Russia and China which have large naval fleets equipped with submarines capable of launching missiles across land borders towards enemy targets deep within their territory thus making it militarily invincible in all aspects.
Regional Analysis:
North America dominated the global nuclear grade zirconium market in terms of revenue with a share of over 40.0% in 2017. This is attributed to the presence of numerous nuclear power plants and aircraft carriers that use Grade-1 sponges for component production. The U.S.
Asia Pacific regional market was valued at USD X million in 2017 owing to growing awareness regarding marine diesel engine applications along with increasing military expenditure by countries such as China.
Growth Factors:
- Increasing demand for nuclear energy due to rising concerns over climate change and depleting fossil fuel resources is expected to drive the growth of the global nuclear grade sponge zirconium market.
- Growing investments in nuclear power plants across the globe is also anticipated to boost the demand for nuclear grade sponge zirconium in the coming years.
- Rising awareness about benefits of using zirconium alloy as a cladding material in nuclear reactors is projected to propel its demand over the forecast period.
- Technological advancements in manufacturing process of sponge zirconium are likely to create new opportunities for market growth during forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Nuclear Grade Sponge Zirconium Market Research Report
By Type
3-25mm, Other Grade
By Application
Nuclear Power Plant, Military Nuclea Powered Submarine, Nuclear Powered Aircraft Carrier, 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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Nuclear Grade Sponge Zirconium Market Report Segments:
The global Nuclear Grade Sponge Zirconium 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
Nuclear Power Plant, Military Nuclea Powered Submarine, Nuclear Powered Aircraft Carrier, 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 Nuclear Grade Sponge Zirconium 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:
- Nuclear Power Plant
- Military Nuclea Powered Submarine
- Nuclear Powered Aircraft Carrier
- 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 Nuclear Grade Sponge Zirconium 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?
Nuclear grade sponge zirconium is a type of zirconium that has been subjected to nuclear testing. This makes it more resistant to wear and tear, making it ideal for use in high-stress applications.
Some of the major players in the nuclear grade sponge zirconium 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 nuclear grade sponge zirconium 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 Nuclear Grade Sponge Zirconium 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 Nuclear Grade Sponge Zirconium Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Nuclear Grade Sponge Zirconium 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 Nuclear Grade Sponge Zirconium 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 Nuclear Grade Sponge Zirconium Market Size & Forecast, 2018-2028
4.5.1 Nuclear Grade Sponge Zirconium Market Size and Y-o-Y Growth
4.5.2 Nuclear Grade Sponge Zirconium Market Absolute $ Opportunity
Chapter 5 Global Nuclear Grade Sponge Zirconium 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 Nuclear Grade Sponge Zirconium 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 Nuclear Grade Sponge Zirconium 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 Nuclear Grade Sponge Zirconium Market Size Forecast by Applications
6.2.1 Nuclear Power Plant
6.2.2 Military Nuclea Powered Submarine
6.2.3 Nuclear Powered Aircraft Carrier
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Nuclear Grade Sponge Zirconium 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 Nuclear Grade Sponge Zirconium 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 Nuclear Grade Sponge Zirconium Analysis and Forecast
9.1 Introduction
9.2 North America Nuclear Grade Sponge Zirconium 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 Nuclear Grade Sponge Zirconium 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 Nuclear Grade Sponge Zirconium Market Size Forecast by Applications
9.10.1 Nuclear Power Plant
9.10.2 Military Nuclea Powered Submarine
9.10.3 Nuclear Powered Aircraft Carrier
9.10.4 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 Nuclear Grade Sponge Zirconium Analysis and Forecast
10.1 Introduction
10.2 Europe Nuclear Grade Sponge Zirconium 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 Nuclear Grade Sponge Zirconium 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 Nuclear Grade Sponge Zirconium Market Size Forecast by Applications
10.10.1 Nuclear Power Plant
10.10.2 Military Nuclea Powered Submarine
10.10.3 Nuclear Powered Aircraft Carrier
10.10.4 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 Nuclear Grade Sponge Zirconium Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Nuclear Grade Sponge Zirconium 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 Nuclear Grade Sponge Zirconium 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 Nuclear Grade Sponge Zirconium Market Size Forecast by Applications
11.10.1 Nuclear Power Plant
11.10.2 Military Nuclea Powered Submarine
11.10.3 Nuclear Powered Aircraft Carrier
11.10.4 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 Nuclear Grade Sponge Zirconium Analysis and Forecast
12.1 Introduction
12.2 Latin America Nuclear Grade Sponge Zirconium 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 Nuclear Grade Sponge Zirconium 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 Nuclear Grade Sponge Zirconium Market Size Forecast by Applications
12.10.1 Nuclear Power Plant
12.10.2 Military Nuclea Powered Submarine
12.10.3 Nuclear Powered Aircraft Carrier
12.10.4 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) Nuclear Grade Sponge Zirconium Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Nuclear Grade Sponge Zirconium 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) Nuclear Grade Sponge Zirconium 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) Nuclear Grade Sponge Zirconium Market Size Forecast by Applications
13.10.1 Nuclear Power Plant
13.10.2 Military Nuclea Powered Submarine
13.10.3 Nuclear Powered Aircraft Carrier
13.10.4 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 Nuclear Grade Sponge Zirconium Market: Competitive Dashboard
14.2 Global Nuclear Grade Sponge Zirconium 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
