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Zirconium - Global Strategic Business Report

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    Report

  • 420 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 338438

Global Zirconium Market to Reach 1.3 Million Metric Tons by 2030

The global market for Zirconium estimated at 1 Million Metric Tons in the year 2022, is projected to reach a revised size of 1.3 Million Metric Tons by 2030, growing at a CAGR of 3.1% over the analysis period 2022-2030. Zircon, one of the segments analyzed in the report, is projected to record 3.3% CAGR and reach 949.4 Thousand Metric Tons by the end of the analysis period. Growth in the Zirconia segment is estimated at 2.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at 89.2 Thousand Metric Tons, While China is Forecast to Grow at 2.7% CAGR

The Zirconium market in the U.S. is estimated at 89.2 Thousand Metric Tons in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of 579.1 Thousand Metric Tons by the year 2030 trailing a CAGR of 2.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 3.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR.

Select Competitors (Total 89 Featured)

  • Compagnie de Saint-Gobain S.A.
  • Eramet Group
  • Carborundum Universal Ltd.
  • Glidewell Laboratories
  • Imperial Metal Industries Limited
  • Iluka Resources Ltd.
  • Japan New Metals Co., Ltd.
  • KCM Corporation
  • Alkane Resources Ltd.
  • Luxfer Holdings PLC
  • DuraTech Industries
  • Foskor Pty., Ltd.
  • China Metallurgical Information and Standardization Institute (CMISI)
  • Matrix (Guangzhou) Metamaterials Co.,Ltd.
  • Alliance Design and Development Group, Inc.

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of COVID-19 and a Looming Global Recession: Pandemic Holds Negative Implications for Global Zircon Market
  • Percentage of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of August 2020
  • Pandemic Crisis Weakens Economic Environment, Triggering Negative Tide in GDP
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
  • Industrial Activity to Remain Subdued in the Immediate Term
  • Global PMI Index Points for the Years 2018, 2019 & 2020
  • Zirconium: An Overview
  • Sources
  • Substitutes
  • Manufacturing Process
  • Types of Zirconium
  • A Note on Hafnium and Titanium
  • Major End-Use Applications of Zirconium
  • Zirconium: Strong, Malleable, Ductile Metal with Excellent Corrosion Resistance
  • Myriad End-Use Applications Drive Demand
  • Global Market Outlook: Zirconium Holding Intriguing Prospects for Future Applications
  • Regional Analysis: Strong Chinese Demand and Restricted Supply
  • Australia and South Africa: Dominant Countries Worldwide in Terms of Zirconium Reserves and Production
  • Global Zirconium Reserves (2019): Breakdown of Reserves (in Thousand Metric Tons) for Select Countries
  • Global Zirconium Concentrates Production (2019): Percentage Breakdown of Mine Production for Select Countries
  • Competitive Landscape
  • Recent Market Activity
  • Select Innovations
  • Select Global Brands
  • Zirconium - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Ceramics: Major End-Use Sector
  • Global Volume Consumption (in Million Square Feet) of Ceramic Tiles: 2011, 2015, 2018 & 2022
  • Relevance in Refractories & Foundries Favors Growth
  • Investment Casting: A Major Application Area in the Foundries Vertical
  • Increasing Use of Zirconium in Sand Casting Bodes Well
  • Intriguing Properties Bolster Zirconia Demand in Ceramics & Foundry Applications
  • Opportunities in Nuclear Power Generation Sector
  • Number of Operated Nuclear Reactors Worldwide by Country: 2020
  • Number of Nuclear Reactors under Construction Worldwide by Country: 2020
  • Effect of Fukushima Accident in Japan
  • Heat Resistant Properties Encourage Use in the Aerospace & Defense Industry
  • Global Airlines Performance by Region: 2020 Vs 2019
  • With the Aviation Industry on the Brink of Annihilation, Aircraft Assembly Lines Will Take a Longer Time to Recover: Expected Revenue Losses in Global Aviation (In US$ Billion) for April, July & December 2020
  • Global Fleet Size of Commercial Aircraft by Region (in Units) for the Years 2018 and 2038
  • Rising Use of Orthopedic and Dental Implants Boosts Market Demand
  • Zirconium Emerges as a Strong and Reliable Material for Dental and Orthopedic Implants
  • Zirconia Displays Bright Shine in Dental Crowns Space
  • CAD/CAM Technology Enables Zirconia to Scale New Heights in Dental Restoration Applications
  • Multilayer Zirconia Transforms Dental Prosthetics Industry with Sparkling Applications
  • Zirconium Oxide Nanoparticles Offer Lucrative Growth Opportunities
  • Cubic Zirconia or Fake Diamonds: Another Application of Zirconia Mineral with Huge Untapped Potential
  • Established Use Case in Chemical Industry Augurs Well
  • Zirconium Use in Coatings Gain Momentum
  • Emerging and Newer Applications Augur Well
  • Urbanization Favors Demand for Zirconium-based Sophisticated Products
  • World Urban Population in Thousands: 1950-2050P
  • Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
  • Percentage of Urban Population in Select Countries for 2018, 2020, 2030, 2040 and 2050
  • Key Factors Hampering Market Prospects for Zirconium
  • Alternate Minerals
  • Health and Environmental Effects of Zirconium
  • Discontinued Use of Zirconium in TV Glass
  • Challenges Associated with Usage in Dental Implants
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Recent Past, Current & Future Analysis for Zircon by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Metric Tons for Years 2022 through 2030 and % CAGR
  • TABLE 2: World Historic Review for Zircon by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Metric Tons for Years 2014 through 2021 and % CAGR
  • TABLE 3: World 16-Year Perspective for Zircon by Geographic Region - Percentage Breakdown of Volume Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 4: World Recent Past, Current & Future Analysis for Zirconia by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Metric Tons for Years 2022 through 2030 and % CAGR
  • TABLE 5: World Historic Review for Zirconia by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Metric Tons for Years 2014 through 2021 and % CAGR
  • TABLE 6: World 16-Year Perspective for Zirconia by Geographic Region - Percentage Breakdown of Volume Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 7: World Recent Past, Current & Future Analysis for Other Occurrence Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Metric Tons for Years 2022 through 2030 and % CAGR
  • TABLE 8: World Historic Review for Other Occurrence Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Metric Tons for Years 2014 through 2021 and % CAGR
  • TABLE 9: World 16-Year Perspective for Other Occurrence Types by Geographic Region - Percentage Breakdown of Volume Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 10: World Recent Past, Current & Future Analysis for Ceramics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Metric Tons for Years 2022 through 2030 and % CAGR
  • TABLE 11: World Historic Review for Ceramics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Metric Tons for Years 2014 through 2021 and % CAGR
  • TABLE 12: World 16-Year Perspective for Ceramics by Geographic Region - Percentage Breakdown of Volume Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 13: World Recent Past, Current & Future Analysis for Chemicals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Metric Tons for Years 2022 through 2030 and % CAGR
  • TABLE 14: World Historic Review for Chemicals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Metric Tons for Years 2014 through 2021 and % CAGR
  • TABLE 15: World 16-Year Perspective for Chemicals by Geographic Region - Percentage Breakdown of Volume Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 16: World Recent Past, Current & Future Analysis for Refractories by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Metric Tons for Years 2022 through 2030 and % CAGR
  • TABLE 17: World Historic Review for Refractories by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Metric Tons for Years 2014 through 2021 and % CAGR
  • TABLE 18: World 16-Year Perspective for Refractories by Geographic Region - Percentage Breakdown of Volume Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 19: World Recent Past, Current & Future Analysis for Foundries by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Metric Tons for Years 2022 through 2030 and % CAGR
  • TABLE 20: World Historic Review for Foundries by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Metric Tons for Years 2014 through 2021 and % CAGR
  • TABLE 21: World 16-Year Perspective for Foundries by Geographic Region - Percentage Breakdown of Volume Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 22: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Metric Tons for Years 2022 through 2030 and % CAGR
  • TABLE 23: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Metric Tons for Years 2014 through 2021 and % CAGR
  • TABLE 24: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Volume Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 25: World Zirconium Market Analysis of Annual Sales in Metric Tons for Years 2014 through 2030
  • TABLE 26: World Recent Past, Current & Future Analysis for Zirconium by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Metric Tons for Years 2022 through 2030 and % CAGR
  • TABLE 27: World Historic Review for Zirconium by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Metric Tons for Years 2014 through 2021 and % CAGR
  • TABLE 28: World 16-Year Perspective for Zirconium by Geographic Region - Percentage Breakdown of Volume Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Zirconium Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • Market Overview
  • US Zircon Market (2013-2019): Prices in US$ Per Metric Ton
  • Strong Growth in Bioceramics Applications to Benefit Market Demand
  • Advanced Ceramics Market in the US (2019): Percentage Breakdown of Demand by Raw Material Type
  • Imports/Exports Scenario
  • US Market for Zirconium Ores and Concentrates (2019): Percentage Breakdown of Value Exports by Destination
  • US Market for Zirconium Ores and Concentrates (2019): Percentage Breakdown of Value Imports by Origin
  • US Zircon (ZrO2 Content) Imports in Metric Tons: 2014-2019
  • US Zircon (ZrO2 Content) Exports in Metric Tons: 2014-2019
  • CANADA
  • Import Scenario
  • Canadian Market for Zirconium Ores and Concentrates (2019): Percentage Breakdown of Value Imports by Origin
  • JAPAN
  • Zirconium Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • Rising Prominence of Advanced Ceramics Spurs Demand for Zirconium
  • CHINA
  • Zirconium Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • China: Largest Producer of Zirconium Chemicals Worldwide
  • Chinese Zirconium Market (2011-2019E): Annual Mine Production in Thousand Metric Tons
  • China Continue to Witness Significant Demand for Zircon
  • Thriving Biomaterials Market in the Country Drives Demand for Zirconium
  • Rising Demand for Advanced Ceramics Benefits Growth Prospects for Zirconium
  • China to Limit Rare Mineral Exploitation
  • EUROPE
  • Zirconium Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • Steady Growth in Demand for Advanced Ceramics Benefits Market Prospects
  • Growing Dental Biomaterials Market in Europe Offers Growth Opportunities
  • FRANCE
  • Zirconium Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • GERMANY
  • Zirconium Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • ITALY
  • UNITED KINGDOM
  • Zirconium Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Zirconium Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • Growing Market for Dental Bone Graft Substitutes and Biomaterials Propel Demand for Zirconium
  • AUSTRALIA
  • Zirconium Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
  • Australia: Largest Producer of Zirconium Worldwide
  • Australian Zircon Market (2011-2019E): Zircon Production Volume in Thousand Metric Tons
  • INDIA
  • Zirconium Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
  • Upward Movement of the Chemical Industry Improves Demand Prospects for Zirconium
  • Rising Demand for Orthopedic Biomaterials Spurs Growth
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • Zirconium Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • Zirconium Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
  • Zirconium Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
  • South Africa: A Major Producer of Zirconium
  • South African Zircon Market (2011-2019E): Zircon Production Volume in Thousand Metric Tons
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Compagnie de Saint-Gobain S.A.
  • Eramet Group
  • Carborundum Universal Ltd.
  • Glidewell Laboratories
  • Imperial Metal Industries Limited
  • Iluka Resources Ltd.
  • Japan New Metals Co., Ltd.
  • KCM Corporation
  • Alkane Resources Ltd.
  • Luxfer Holdings PLC
  • DuraTech Industries
  • Foskor Pty., Ltd.
  • China Metallurgical Information and Standardization Institute (CMISI)
  • Matrix (Guangzhou) Metamaterials Co.,Ltd.
  • Alliance Design and Development Group, Inc.