Market Overview:
The global zirconium tube rod market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for zirconium tubes and rods from various end-use industries, such as chemical industry, energy, and others. In terms of type, the Zr 702 segment is expected to lead the global zirconium tube rod market during the forecast period. This can be attributed to its properties such as high strength-to-weight ratio and corrosion resistance. In terms of application, the chemical industry segment is projected to lead the global market duringthe forecast period owingtoits growing demand from various end-use industries across different regions.
Product Definition:
A zirconium tube rod is a long, thin piece of metal that is used to create tubes and other objects with cylindrical shapes. Zirconium is a strong, lightweight metal that has a high melting point, making it ideal for use in manufacturing.
Zr 702:
Zr 702 is a type of zirconium, which has been processed by heating at 2,GST hexane shift register to get rid of the unwanted materials. Zr 702 has a high melting point and can be used in various applications including nuclear reactors and heat exchangers.
Zr 704:
Zr 704 is a special type of zirconium, which has been used in the manufacturing of Zirconium Tube Rods. It has a hexagonal crystalline structure and exhibits properties such as high thermal stability and low coefficient of thermal expansion. These properties have made it suitable for use in heat exchangers, radiation tubes, vacuum tubes, etc.
Zr 704 is also known as hexachlorozirconic acid or (HCA).
Application Insights:
The chemical industry accounted for the largest share of over 50% in 2017. The segment is expected to witness significant growth on account of rising demand from various sectors such as automotive, construction, and electronics. In addition, increasing R&D activities pertaining to new applications are also anticipated to propel industry growth over the forecast period.
The others segment includes medical applications and energy generation. The growing use of zirconium tubes in fuel cells owing to its superior properties such as low gas leakage and excellent corrosion resistance is expected drive product demand in this application significantly over the next eight years.
Regional Analysis:
Asia Pacific dominated the global zirconium tube rod market in 2016 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising chemical and energy industries in China, India, Japan, South Korea, Taiwan and Indonesia. In addition Zirconium is a strategic mineral for raw material supply for key end-use sectors such as automotive industry which has led to increased demand from various countries including Japan.
The Asia Pacific was followed by North America with a share of 24%. The growth of this region can be attributed to growing chemical & petrochemical industries coupled with high energy consumption levels in U.S., Canada & Mexico on account of heavy investment towards industrialization along with technological advancements resulting into higher production volumes per plant compared to other regions globally.
Growth Factors:
- Increasing demand for zirconium tube rods from the aerospace and defense sectors due to their high strength-to-weight ratio and corrosion resistance properties.
- Growing demand for zirconium tube rods in the oil & gas industry due to their ability to withstand high temperatures and pressures without corroding.
- Rising demand for zirconium tube rods from the chemical processing industry as they are used in a wide range of applications such as production of sulfuric acid, phosphoric acid, and other chemicals.
- Increasing investments in infrastructure development projects across the globe which is expected to lead to an increase in demand for zirconium tube rods used in construction applications.
Scope Of The Report
Report Attributes
Report Details
Report Title
Zirconium Tube Rod Market Research Report
By Type
Zr 702, Zr 704, Others
By Application
Chemical Industry, Engery, Others
By Companies
Sandvik Materials Technology, American Elements, Superior Tube, United Titanium, BWX Technologies, Inc., Edgetech Industries, Global Tubes, Duisburg Special Tubes GmbH, KJ Tubing, Inc., Baoji Wang Delong Metal Materials Co., Ltd.
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
149
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Zirconium Tube Rod Market Report Segments:
The global Zirconium Tube Rod market is segmented on the basis of:
Types
Zr 702, Zr 704, Others
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
Chemical Industry, Engery, Others
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:
- Sandvik Materials Technology
- American Elements
- Superior Tube
- United Titanium
- BWX Technologies, Inc.
- Edgetech Industries
- Global Tubes
- Duisburg Special Tubes GmbH
- KJ Tubing, Inc.
- Baoji Wang Delong Metal Materials Co., Ltd.
Highlights of The Zirconium Tube Rod 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:
- Zr 702
- Zr 704
- Others
- By Application:
- Chemical Industry
- Engery
- Others
- 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 Zirconium Tube Rod 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?
Zirconium Tube Rod is a type of tubing made from zirconium. It is used in medical and scientific applications, such as in blood transfusions and dialysis.
Some of the major players in the zirconium tube rod market are Sandvik Materials Technology, American Elements, Superior Tube, United Titanium, BWX Technologies, Inc., Edgetech Industries, Global Tubes, Duisburg Special Tubes GmbH, KJ Tubing, Inc., Baoji Wang Delong Metal Materials Co., Ltd..
The zirconium tube rod 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 Zirconium Tube Rod 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 Zirconium Tube Rod Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Zirconium Tube Rod 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 Zirconium Tube Rod 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 Zirconium Tube Rod Market Size & Forecast, 2018-2028
4.5.1 Zirconium Tube Rod Market Size and Y-o-Y Growth
4.5.2 Zirconium Tube Rod Market Absolute $ Opportunity
Chapter 5 Global Zirconium Tube Rod 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 Zirconium Tube Rod Market Size Forecast by Type
5.2.1 Zr 702
5.2.2 Zr 704
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Zirconium Tube Rod 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 Zirconium Tube Rod Market Size Forecast by Applications
6.2.1 Chemical Industry
6.2.2 Engery
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Zirconium Tube Rod 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 Zirconium Tube Rod 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 Zirconium Tube Rod Analysis and Forecast
9.1 Introduction
9.2 North America Zirconium Tube Rod 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 Zirconium Tube Rod Market Size Forecast by Type
9.6.1 Zr 702
9.6.2 Zr 704
9.6.3 Others
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 Zirconium Tube Rod Market Size Forecast by Applications
9.10.1 Chemical Industry
9.10.2 Engery
9.10.3 Others
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 Zirconium Tube Rod Analysis and Forecast
10.1 Introduction
10.2 Europe Zirconium Tube Rod 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 Zirconium Tube Rod Market Size Forecast by Type
10.6.1 Zr 702
10.6.2 Zr 704
10.6.3 Others
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 Zirconium Tube Rod Market Size Forecast by Applications
10.10.1 Chemical Industry
10.10.2 Engery
10.10.3 Others
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 Zirconium Tube Rod Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Zirconium Tube Rod 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 Zirconium Tube Rod Market Size Forecast by Type
11.6.1 Zr 702
11.6.2 Zr 704
11.6.3 Others
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 Zirconium Tube Rod Market Size Forecast by Applications
11.10.1 Chemical Industry
11.10.2 Engery
11.10.3 Others
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 Zirconium Tube Rod Analysis and Forecast
12.1 Introduction
12.2 Latin America Zirconium Tube Rod 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 Zirconium Tube Rod Market Size Forecast by Type
12.6.1 Zr 702
12.6.2 Zr 704
12.6.3 Others
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 Zirconium Tube Rod Market Size Forecast by Applications
12.10.1 Chemical Industry
12.10.2 Engery
12.10.3 Others
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) Zirconium Tube Rod Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Zirconium Tube Rod 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) Zirconium Tube Rod Market Size Forecast by Type
13.6.1 Zr 702
13.6.2 Zr 704
13.6.3 Others
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) Zirconium Tube Rod Market Size Forecast by Applications
13.10.1 Chemical Industry
13.10.2 Engery
13.10.3 Others
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 Zirconium Tube Rod Market: Competitive Dashboard
14.2 Global Zirconium Tube Rod Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sandvik Materials Technology
14.3.2 American Elements
14.3.3 Superior Tube
14.3.4 United Titanium
14.3.5 BWX Technologies, Inc.
14.3.6 Edgetech Industries
14.3.7 Global Tubes
14.3.8 Duisburg Special Tubes GmbH
14.3.9 KJ Tubing, Inc.
14.3.10 Baoji Wang Delong Metal Materials Co., Ltd.
