Market Overview:
The global zirconium tungstate market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The high temperature phase zirconium tungstate segment is expected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the increasing demand for high-temperature materials in various end-use industries, such as metal matrix composites, ceramic matrix composites, and cement base composite materials. North America is estimated to account for the largest share of the global zirconium tungstate market in 2018. Asia Pacific is projected to be the fastest-growing region during the forecast period.
Product Definition:
A white, crystalline compound used as a gemstone, in optical glass and lenses, and as a neutron absorber in nuclear reactors.
Low Temperature Phase Zirconium Tungstate:
Low temperature phase zirconium tungstate, also known as LTPZT or lutetium tungstenate is a ceramic material with composition similar to that of zirconium oxide. It has properties such as high thermal shock resistance and low thermal expansion along with being able to withstand high temperatures in comparison to other materials such as alumina and silica-based ceramics.
High Temperature Phase Zirconium Tungstate:
High temperature phase zirconium tungstate (HTPZT) is a solid material, which consists of tungsten and zirconium. It has high thermal stability and can withstand temperatures up to 400°C. The product finds application in the production of pyrotechnic materials, incendiaries, targets for high-speed trains as well as space vehicles insulation.
Application Insights:
Metal matrix composites (or simply, composites) emerged as the leading application segment and accounted for a revenue share of over 40.0% in 2017. The product is widely used in the manufacturing of metal matrix composite materials that are subsequently utilized in a wide range of end-use industries including automotive, construction and transportation among others.
The addition of zirconium tungstate helps to enhance the mechanical properties and overall performance characteristics of metal Matrix Composites manufactured using steel or aluminum alloys by providing enhanced strength at lower weight compared to their respective conventional counterparts such as fiber reinforced plastic or rubber based composites. This has led to increased penetration across various industry verticals globally on account with its superior benefits including lightweight, high strength & stiffness coupled with excellent durability & corrosion resistance which makes it highly suitable for use in aircraft components, marine parts & equipment along with other applications such as defense equipment where high impact resistance is required from military vehicles etcetera.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is anticipated to witness a CAGR of XX% from 2018 to 2030 owing to rapid industrialization, increasing per capita income, and growing construction activities in emerging economies such as China and India. In addition, rising automotive production mainly in China will drive product demand further.
China was estimated as the largest consumer for zirconium tungstate with a consumption of 710 kilotons in 2017 on account of rapid industrialization along with an increase in ceramics production capacity at Tungsten Corporation of China Ltd., HEG Limited., Hongye Holdings Group Co., Ltd., etc.; which resulted into high product demand across various applications including metal matrix composites (MMC) industry over the past few years.
Growth Factors:
- Increasing demand for zirconium tungstate from the semiconductor industry as a result of the growing demand for advanced electronic devices.
- Rising demand for zirconium tungstate from the lighting industry due to its high refractive index and transparency.
- Growing use of zirconium tungstate in optical applications such as endoscopes, microscopes, and telescopes owing to its superior optical properties.
- Increasing investments in research and development activities for developing new applications of zirconium tungstate that can replace traditional materials used in various industries.
Scope Of The Report
Report Attributes
Report Details
Report Title
Zirconium Tungstate Market Research Report
By Type
Low Temperature Phase Zirconium Tungstate, High Temperature Phase Zirconium Tungstate
By Application
Metal Matrix Composites, Ceramic Matrix Composites, Cement Base Composite Materials, Other
By Companies
Alkane Resources, Allegheny Technologies, Wah Chang, Astron, Neo Material Technologies, Foskor, Bemax Resources Limited, DuPont, Luxfer Group, Namakwa Sands, Alkane Resources
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
135
Number of Tables & Figures
95
Customization Available
Yes, the report can be customized as per your need.
Global Zirconium Tungstate Market Report Segments:
The global Zirconium Tungstate market is segmented on the basis of:
Types
Low Temperature Phase Zirconium Tungstate, High Temperature Phase Zirconium Tungstate
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
Metal Matrix Composites, Ceramic Matrix Composites, Cement Base Composite Materials, 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:
- Alkane Resources
- Allegheny Technologies
- Wah Chang
- Astron
- Neo Material Technologies
- Foskor
- Bemax Resources Limited
- DuPont
- Luxfer Group
- Namakwa Sands
- Alkane Resources
Highlights of The Zirconium Tungstate 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:
- Low Temperature Phase Zirconium Tungstate
- High Temperature Phase Zirconium Tungstate
- By Application:
- Metal Matrix Composites
- Ceramic Matrix Composites
- Cement Base Composite Materials
- 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 Zirconium Tungstate 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
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- Consumer Insights
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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 tungstate is a mineral that is found in the Earth's crust. It is a soft, white, crystalline material that has a Mohs hardness of 5.5 to 6. Zirconium tungstate can be used as an abrasive and can also be used in ceramics and glass production.
Some of the major companies in the zirconium tungstate market are Alkane Resources, Allegheny Technologies, Wah Chang, Astron, Neo Material Technologies, Foskor, Bemax Resources Limited, DuPont, Luxfer Group, Namakwa Sands, Alkane Resources.
The zirconium tungstate market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Zirconium Tungstate 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 Tungstate Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Zirconium Tungstate 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 Tungstate 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 Tungstate Market Size & Forecast, 2018-2028 4.5.1 Zirconium Tungstate Market Size and Y-o-Y Growth 4.5.2 Zirconium Tungstate Market Absolute $ Opportunity
Chapter 5 Global Zirconium Tungstate 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 Tungstate Market Size Forecast by Type
5.2.1 Low Temperature Phase Zirconium Tungstate
5.2.2 High Temperature Phase Zirconium Tungstate
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Zirconium Tungstate 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 Tungstate Market Size Forecast by Applications
6.2.1 Metal Matrix Composites
6.2.2 Ceramic Matrix Composites
6.2.3 Cement Base Composite Materials
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Zirconium Tungstate 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 Tungstate 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 Tungstate Analysis and Forecast
9.1 Introduction
9.2 North America Zirconium Tungstate 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 Tungstate Market Size Forecast by Type
9.6.1 Low Temperature Phase Zirconium Tungstate
9.6.2 High Temperature Phase Zirconium Tungstate
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 Tungstate Market Size Forecast by Applications
9.10.1 Metal Matrix Composites
9.10.2 Ceramic Matrix Composites
9.10.3 Cement Base Composite Materials
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 Zirconium Tungstate Analysis and Forecast
10.1 Introduction
10.2 Europe Zirconium Tungstate 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 Tungstate Market Size Forecast by Type
10.6.1 Low Temperature Phase Zirconium Tungstate
10.6.2 High Temperature Phase Zirconium Tungstate
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 Tungstate Market Size Forecast by Applications
10.10.1 Metal Matrix Composites
10.10.2 Ceramic Matrix Composites
10.10.3 Cement Base Composite Materials
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 Zirconium Tungstate Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Zirconium Tungstate 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 Tungstate Market Size Forecast by Type
11.6.1 Low Temperature Phase Zirconium Tungstate
11.6.2 High Temperature Phase Zirconium Tungstate
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 Tungstate Market Size Forecast by Applications
11.10.1 Metal Matrix Composites
11.10.2 Ceramic Matrix Composites
11.10.3 Cement Base Composite Materials
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 Zirconium Tungstate Analysis and Forecast
12.1 Introduction
12.2 Latin America Zirconium Tungstate 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 Tungstate Market Size Forecast by Type
12.6.1 Low Temperature Phase Zirconium Tungstate
12.6.2 High Temperature Phase Zirconium Tungstate
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 Tungstate Market Size Forecast by Applications
12.10.1 Metal Matrix Composites
12.10.2 Ceramic Matrix Composites
12.10.3 Cement Base Composite Materials
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) Zirconium Tungstate Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Zirconium Tungstate 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 Tungstate Market Size Forecast by Type
13.6.1 Low Temperature Phase Zirconium Tungstate
13.6.2 High Temperature Phase Zirconium Tungstate
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 Tungstate Market Size Forecast by Applications
13.10.1 Metal Matrix Composites
13.10.2 Ceramic Matrix Composites
13.10.3 Cement Base Composite Materials
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 Zirconium Tungstate Market: Competitive Dashboard
14.2 Global Zirconium Tungstate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Alkane Resources
14.3.2 Allegheny Technologies
14.3.3 Wah Chang
14.3.4 Astron
14.3.5 Neo Material Technologies
14.3.6 Foskor
14.3.7 Bemax Resources Limited
14.3.8 DuPont
14.3.9 Luxfer Group
14.3.10 Namakwa Sands
14.3.11 Alkane Resources