Market Overview:
The global industrial grade zirconium 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 in various end-use industries, such as chemical, military, and electronics industries. In terms of type, sponge zirconium segment is expected to lead the global industrial grade zirconium market during the forecast period. This can be attributed to its high purity and superior properties that make it suitable for use in various end-use applications.
Product Definition:
Industrial grade zirconium is a purified form of the metal zirconium. It has a very low level of impurities and is used in various industrial applications. One important use is in the production of nuclear fuel rods, where it helps to stabilize the uranium fuel pellets. Industrial grade zirconium can also be used in other types of reactors, as well as in aircraft and spacecraft parts.
Sponge Zirconium:
Sponge zirconium is a special type of zirconium, which has been modified by the addition of sponges ( porous and non-porous) in its structure. Sponge zirconium shows similar properties like regular solid ZrO2, but it is much more porous than normal solid material. The pore size can be controlled by changing the ratio of feed materials such as sand and water or other chemicals.
Others:
Others is the generic name for all other minerals and metals that are produced along with zirconium. The others mineralogies mainly include ilmenite, rutile, leuco dolostone, gold, silver and platinum. Others minerals have high demand in various end-use industries such as construction materials (furniture & decorative), electronic equipment and automotive industry.
Application Insights:
The chemical industry accounted for the largest share of over 50% in 2017. In addition to this, it finds application as an active material in various chemicals such as polymers and resins.
ZrO2 has excellent resistance against acids and bases; its purity level ensures that it can be used directly in manufacturing of various chemicals without any further purification process. It also exhibits high thermal stability (up to 1150°C) along with good corrosion resistance (up to 1100°C).
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 product demand from chemical, electronic, and others industries. China is one of the major producers as well as consumers of zirconium in this region owing to presence of large scale manufacturers such as Sinopec Corporation; however, India has been a major producer since 2010 on account of availability of natural resources coupled with favorable government policies for increasing domestic production capacity.
North America accounted for a significant share in terms of revenue and volume due to high demand from end-use industries such as military & aerospace, electronics & telecoms equipment manufacturing industry.
Growth Factors:
- Increasing demand for zirconium in various end-use industries such as automotive, aerospace, energy and others is expected to drive the growth of the industrial grade zirconium market over the forecast period.
- Growing demand for lightweight and high-strength materials in automotive and aerospace industries is projected to boost the market growth.
- Rising investments in energy sector coupled with increasing use of zirconium in nuclear reactors is anticipated to propel the market growth during the forecast period.
- Growing awareness about benefits of using zirconium alloy products over traditional materials is expected to fuel demand for industrial grade zirconium products across different end-use industries over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Grade Zirconium Market Research Report
By Type
Sponge Zirconium, Others
By Application
Chemical Industry, Military Industry, Electronics Industry, Others
By Companies
Orano, Westinghouse, ATI, Chepetsky Mechanical Plant, Nuclear Fuel Complex, SNWZH, CNNC Jinghuan, Guangdong Orient Zirconic, Aohan China Titanium Industry, Baoti Huashen, CITIC Jinzhou Metal
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Grade Zirconium Market Report Segments:
The global Industrial Grade Zirconium market is segmented on the basis of:
Types
Sponge Zirconium, 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, Military Industry, Electronics Industry, 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:
- Orano
- Westinghouse
- ATI
- Chepetsky Mechanical Plant
- Nuclear Fuel Complex
- SNWZH
- CNNC Jinghuan
- Guangdong Orient Zirconic
- Aohan China Titanium Industry
- Baoti Huashen
- CITIC Jinzhou Metal
Highlights of The Industrial Grade 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:
- Sponge Zirconium
- Others
- By Application:
- Chemical Industry
- Military Industry
- Electronics Industry
- 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 Industrial Grade 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?
Industrial grade zirconium is a higher quality form of zirconium that is used in industrial applications. It has a higher melting point and strength than the standard zirconium, making it more suitable for use in high-strength materials.
Some of the key players operating in the industrial grade zirconium market are Orano, Westinghouse, ATI, Chepetsky Mechanical Plant, Nuclear Fuel Complex, SNWZH, CNNC Jinghuan, Guangdong Orient Zirconic, Aohan China Titanium Industry, Baoti Huashen, CITIC Jinzhou Metal.
The industrial grade zirconium market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial Grade Zirconium Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Industrial Grade Zirconium Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Industrial Grade Zirconium Market - Supply Chain
4.5. Global Industrial Grade Zirconium Market Forecast
4.5.1. Industrial Grade Zirconium Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Grade Zirconium Market Size (000 Units) and Y-o-Y Growth
4.5.3. Industrial Grade Zirconium Market Absolute $ Opportunity
5. Global Industrial Grade Zirconium Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Industrial Grade Zirconium Market Size and Volume Forecast by Type
5.3.1. Sponge Zirconium
5.3.2. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Industrial Grade Zirconium Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Industrial Grade Zirconium Market Size and Volume Forecast by Application
6.3.1. Chemical Industry
6.3.2. Military Industry
6.3.3. Electronics Industry
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Industrial Grade Zirconium Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Industrial Grade Zirconium Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Industrial Grade Zirconium Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Industrial Grade Zirconium Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Industrial Grade Zirconium Demand Share Forecast, 2019-2026
9. North America Industrial Grade Zirconium Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Industrial Grade Zirconium Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Industrial Grade Zirconium Market Size and Volume Forecast by Application
9.4.1. Chemical Industry
9.4.2. Military Industry
9.4.3. Electronics Industry
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Industrial Grade Zirconium Market Size and Volume Forecast by Type
9.7.1. Sponge Zirconium
9.7.2. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Industrial Grade Zirconium Demand Share Forecast, 2019-2026
10. Latin America Industrial Grade Zirconium Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Industrial Grade Zirconium Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Industrial Grade Zirconium Market Size and Volume Forecast by Application
10.4.1. Chemical Industry
10.4.2. Military Industry
10.4.3. Electronics Industry
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Industrial Grade Zirconium Market Size and Volume Forecast by Type
10.7.1. Sponge Zirconium
10.7.2. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Industrial Grade Zirconium Demand Share Forecast, 2019-2026
11. Europe Industrial Grade Zirconium Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Industrial Grade Zirconium Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Industrial Grade Zirconium Market Size and Volume Forecast by Application
11.4.1. Chemical Industry
11.4.2. Military Industry
11.4.3. Electronics Industry
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Industrial Grade Zirconium Market Size and Volume Forecast by Type
11.7.1. Sponge Zirconium
11.7.2. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Industrial Grade Zirconium Demand Share, 2019-2026
12. Asia Pacific Industrial Grade Zirconium Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Industrial Grade Zirconium Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Industrial Grade Zirconium Market Size and Volume Forecast by Application
12.4.1. Chemical Industry
12.4.2. Military Industry
12.4.3. Electronics Industry
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Industrial Grade Zirconium Market Size and Volume Forecast by Type
12.7.1. Sponge Zirconium
12.7.2. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Industrial Grade Zirconium Demand Share, 2019-2026
13. Middle East & Africa Industrial Grade Zirconium Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Industrial Grade Zirconium Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Industrial Grade Zirconium Market Size and Volume Forecast by Application
13.4.1. Chemical Industry
13.4.2. Military Industry
13.4.3. Electronics Industry
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Industrial Grade Zirconium Market Size and Volume Forecast by Type
13.7.1. Sponge Zirconium
13.7.2. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Industrial Grade Zirconium Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Industrial Grade Zirconium Market: Market Share Analysis
14.2. Industrial Grade Zirconium Distributors and Customers
14.3. Industrial Grade Zirconium Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Orano
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Westinghouse
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. ATI
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Chepetsky Mechanical Plant
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Nuclear Fuel Complex
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. SNWZH
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. CNNC Jinghuan
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Guangdong Orient Zirconic
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Aohan China Titanium Industry
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Baoti Huashen
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. CITIC Jinzhou Metal
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
