Dublin, Nov. 20, 2020 (GLOBE NEWSWIRE) -- The "Zirconium Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The zirconium market is expected to witness a healthy growth, at an estimated CAGR of over 5% in terms of volume, over the forecast period. The major factors driving the growth of the market studied are the consistent growth in foundries and refractories, growth of nuclear power stations in Asia-Pacific, and the accelerating usage in surface coatings.
Reducing dependence on zircon is expected to hinder the growth of the market studied. Zircon segment accounted for the largest share of about 70% of the total volume of the market studied. China also dominated the market studied, with about 50% of the total revenue, and it is expected to witness the fastest CAGR, over the forecast period.
Key Market Trends
Increasing Demand from Zircon Flour/Sand
Zircon is widely used in ceramics and foundry, mostly in the form of sand and flour (milled sand), due to its various properties, such as the ability to bind with all organic and inorganic sand binders, low acidity, low thermal expansion coefficient and high spatial stability at increased temperatures, chemical stability at high temperatures, and good recyclability,
China to Dominate the Market
In Asia-Pacific, China is the largest economy, in terms of GDP. The economic growth in the country remains high, owing to the increasing interest of investors to invest in China.
Competitive Landscape
The global zirconium market is consolidated, with the top five companies accounting for around 70% of the global consumption. A majority of the consumption of zirconium is based in the Asia-Pacific and European region. Major players in the market include Iluka Resources Limited, Rio Tinto , Tronox Holdings PLC, and Eramet , among others.
Reasons to Purchase this report:
Key Topics Covered:
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Consistent Growth in Foundries and Refractories
4.1.2 Growth of Nuclear Power Stations in Asia-Pacific
4.1.3 Increasing Usage in Surface Coatings
4.2 Restraints
4.2.1 Reducing Dependence on Zircon
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Import and Export
4.5.1 Trade Regulatory Policy Analysis
4.5.2 Analysis of Major Exporting and Importing Countries
4.5.3 Price Trends
5 MARKET SEGMENTATION
5.1 Occurrence Type
5.1.1 Zircon
5.1.2 Zirconia
5.1.3 Other Occurrence Types (Including Zirconium Metal)
5.2 Application/Product Type
5.2.1 Zircon Flour/Sand
5.2.2 Zircon Opacifier
5.2.3 Refractories (Zirconia)
5.2.4 Zircon Chemicals
5.2.4.1 Zircon Oxychloride (ZrOCl2)
5.2.4.2 Zircon Sulfate (Zr(SO4)2)
5.2.4.3 Other Zircon Chemicals
5.2.5 Zircon Metal
5.3 Geography
5.3.1 Production
5.3.1.1 Australia
5.3.1.2 Brazil
5.3.1.3 China
5.3.1.4 Indonesia
5.3.1.5 South Africa
5.3.1.6 Ukraine
5.3.1.7 Rest of the World
5.3.2 Consumption
5.3.2.1 China
5.3.2.2 United States
5.3.2.3 Japan
5.3.2.4 European Union
5.3.2.5 India
5.3.2.6 Russia
5.3.2.7 Rest of the World
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Alkane Resources Limited
6.4.2 Base Resources Limited
6.4.3 Binh Dinh Minerals Company
6.4.4 Doral Mineral Sands Pty Ltd
6.4.5 Eramet
6.4.6 Iluka Resources Limited
6.4.7 INB
6.4.8 Kenmare Resources PLC
6.4.9 Lanka Mineral Sands Limited
6.4.10 MZI Resources Ltd
6.4.11 Rio Tinto
6.4.12 Tronox Holdings PLC
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Stringent Emission Standards in the Automotive Industry
7.2 Increasing Usage in the Healthcare Sector, Especially Orthopedic Implants
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