Market Overview:
The global sponge zirconium 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 nuclear grade sponge zirconium from the nuclear power industry and rising demand for industrial grade sponge zirconium from various end-use industries. In terms of volume, North America is expected to lead the global market during the forecast period, followed by Europe and Asia Pacific. However, Asia Pacific is projected to register highest CAGR due to rapid industrialization and growing population in this region.
Product Definition:
A sponge zirconium is a porous, lightweight material made of zirconium dioxide. It is used as an absorbent in many industries, including the oil and gas industry, where it is used to soak up spills.
Nuclear Grade:
Sponge zirconium is a special type of ZrO2 with high melting point and specific chemical composition. It has applications in nuclear power plants, gas centrifuges, and other industrial processes. Sponge zirconium is used as a shield against radiation for the protection of workers operating inside the plant or at times when radioactive materials are being handled. The product also finds application in gas centrifuges which are used to separate gases by their density using spinning force.
Industrial Grade:
Industrial grade is a type of zirconium with purity level more than 99.5%. It has applications in various industries including glass, ceramics, and foundry. Industrial grade zirconium is used as an additive in the manufacturing process of sponges which are further used for cleaning or wetting metal parts during the production process of automotive vehicles and industrial machinery among other uses.
Application Insights:
The chemical industry accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growth of this application segment can be attributed to rising demand from various sectors, including oil & gas, pulp & paper, refineries and others. Chemical industry products such as fuel cladding materials and radiation protection shields are majorly manufactured from sponge zirconium.
Sponge zirconium has a high melting point which makes it suitable for use in furnaces used in metal casting activities within the chemical industry. It is also used as an active material in various other industries including food processing plants, glass manufacturing facilities and cement kilns among others owing to its properties such as low thermal expansion property along with good mechanical strength at lower temperatures (below 800°C). These factors are anticipated to propel product demand over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of nuclear power industry in China, India, South Korea and Japan is anticipated to drive product demand from 2018 to 2030. In addition, increasing investments for new plant construction coupled with rising electricity consumption due to rapid urbanization will augment market growth further.
Europe was the second-largest regional segment accounting for a share of more than 25% in 2017 owing to high demand from chemical industry applications majorly supported by Germany and France on account of their extensive chemical manufacturing base. However, stringent environmental regulations regarding disposal are expectedto hamper zirconium production capacity thereby affecting product supply which will resultin higher prices over the coming years.
North America witnessed significant growth on account of growing nuclear power sector mainly driven by U.S.
Growth Factors:
- Increasing demand for sponge zirconium in the automotive and aerospace industries due to its excellent mechanical properties.
- Growing demand for zirconium dioxide as a precursor for optical fiber coatings, opacifiers, and pigments.
- Rising demand from the foundry industry owing to its high melting point and resistance to thermal shock.
- Increasing use of sponge zirconium in nuclear applications due to its low neutron absorption cross-section and good mechanical properties at high temperatures.
Scope Of The Report
Report Attributes
Report Details
Report Title
Sponge Zirconium Market Research Report
By Type
Nuclear Grade, Industrial Grade, Others
By Application
Chemical Industry, Material Industry, Nuclear Power Industry, Others
By Companies
Guangdong Orient Zirconic Ind Sci & Tech Co., Ltd, Jiangxi Kingan Hi-Tech Co. Ltd, State Nuclear WEC Zirconium Hafnium 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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Sponge Zirconium Market Report Segments:
The global Sponge Zirconium market is segmented on the basis of:
Types
Nuclear Grade, Industrial Grade, 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, Material Industry, Nuclear Power 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:
- Guangdong Orient Zirconic Ind Sci & Tech Co., Ltd
- Jiangxi Kingan Hi-Tech Co. Ltd
- State Nuclear WEC Zirconium Hafnium Co., Ltd
Highlights of The 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:
- Nuclear Grade
- Industrial Grade
- Others
- By Application:
- Chemical Industry
- Material Industry
- Nuclear Power 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 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?
Sponge zirconium is a material that has been made to resemble zirconium. It is often used in jewelry, because it is durable and does not tarnish.
Some of the key players operating in the sponge zirconium market are Guangdong Orient Zirconic Ind Sci & Tech Co., Ltd, Jiangxi Kingan Hi-Tech Co. Ltd, State Nuclear WEC Zirconium Hafnium Co., Ltd.
The sponge zirconium market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Sponge 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. Sponge Zirconium Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Sponge Zirconium Market - Supply Chain
4.5. Global Sponge Zirconium Market Forecast
4.5.1. Sponge Zirconium Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Sponge Zirconium Market Size (000 Units) and Y-o-Y Growth
4.5.3. Sponge Zirconium Market Absolute $ Opportunity
5. Global Sponge 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. Sponge Zirconium Market Size and Volume Forecast by Type
5.3.1. Nuclear Grade
5.3.2. Industrial Grade
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Sponge 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. Sponge Zirconium Market Size and Volume Forecast by Application
6.3.1. Chemical Industry
6.3.2. Material Industry
6.3.3. Nuclear Power Industry
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Sponge 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. Sponge 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 Sponge 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. Sponge 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 Sponge Zirconium Demand Share Forecast, 2019-2029
9. North America Sponge 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 Sponge 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 Sponge Zirconium Market Size and Volume Forecast by Application
9.4.1. Chemical Industry
9.4.2. Material Industry
9.4.3. Nuclear Power 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 Sponge Zirconium Market Size and Volume Forecast by Type
9.7.1. Nuclear Grade
9.7.2. Industrial Grade
9.7.3. 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 Sponge Zirconium Demand Share Forecast, 2019-2029
10. Latin America Sponge 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 Sponge 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 Sponge Zirconium Market Size and Volume Forecast by Application
10.4.1. Chemical Industry
10.4.2. Material Industry
10.4.3. Nuclear Power 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 Sponge Zirconium Market Size and Volume Forecast by Type
10.7.1. Nuclear Grade
10.7.2. Industrial Grade
10.7.3. 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 Sponge Zirconium Demand Share Forecast, 2019-2029
11. Europe Sponge 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 Sponge 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 Sponge Zirconium Market Size and Volume Forecast by Application
11.4.1. Chemical Industry
11.4.2. Material Industry
11.4.3. Nuclear Power 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 Sponge Zirconium Market Size and Volume Forecast by Type
11.7.1. Nuclear Grade
11.7.2. Industrial Grade
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Mrket 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 Sponge Zirconium Demand Share, 2019-2029
12. Asia Pacific Sponge 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 Sponge 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 Sponge Zirconium Market Size and Volume Forecast by Application
12.4.1. Chemical Industry
12.4.2. Material Industry
12.4.3. Nuclear Power 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 Sponge Zirconium Market Size and Volume Forecast by Type
12.7.1. Nuclear Grade
12.7.2. Industrial Grade
12.7.3. 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 Sponge Zirconium Demand Share, 2019-2029
13. Middle East & Africa Sponge 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 Sponge 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 Sponge Zirconium Market Size and Volume Forecast by Application
13.4.1. Chemical Industry
13.4.2. Material Industry
13.4.3. Nuclear Power 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 Sponge Zirconium Market Size and Volume Forecast by Type
13.7.1. Nuclear Grade
13.7.2. Industrial Grade
13.7.3. 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 Sponge Zirconium Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Sponge Zirconium Market: Market Share Analysis
14.2. Sponge Zirconium Distributors and Customers
14.3. Sponge Zirconium Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Guangdong Orient Zirconic Ind Sci & Tech Co., Ltd
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Jiangxi Kingan Hi-Tech Co. Ltd
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. State Nuclear WEC Zirconium Hafnium Co., Ltd
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. COMPANY4
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. COMPANY5
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
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
