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Nuclear Zirconium Alloy Market

  • ID: 4806948
  • Report
  • UxC LLC
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Analyzing the Future for Zircaloy

FEATURED COMPANIES

  • Fine Tubes, Ltd.
  • KEPCO Nuclear Fuel (KNF)
  • Non-LWR Fuel Fabricators
  • SSPE “Zirconium”
  • Superior Tube Company
  • TVEL Fuel Company
  • MORE

Nuclear-grade zirconium alloys and products are used in the fabrication of fuel assemblies used in the vast majority of current and future nuclear reactor designs around the world. Even as the nuclear renaissance has been derailed by the Fukushima accident and other negative nuclear policy and electric power market developments, many aspects of the international nuclear fuel supply chain continue to be of great interest. The supply of nuclear-grade zirconium - from zircon mineral sand through the cladding and components used in finished fuel assemblies - has also not escaped this scrutiny. Therefore, the primary objective of this report is to factually and analytically approach the current and expected future direction of the nuclear-grade zirconium alloy market with the aim of reaching some clear conclusions about how producers of fuel assemblies for nuclear reactors will obtain the zirconium alloys needed to create their finished products.

This updated report offers the latest analysis of the various sectors that make up the nuclear-grade zirconium sponge, alloy, materials, and tubing markets. Using proprietary demand modeling and other unique research results, we identify the latest major trends in this industry by analyzing the global and regional supply and demand balances for nuclear-grade zirconium sponge, alloy, and tubing as well as the supply and demand situation based on reactor fuel types.

What's New in the 2019 Edition?

This 2019 edition of the Nuclear Zirconium Alloy Market report includes the following new and updated elements:

  • Enhanced analysis of the latest zirconium minerals market trends, including assessment of the recent rebound in prices for zircon raw materials since 2016 and the subsequent impacts on the nuclear zirconium alloy market
  • Increased analysis of the nuclear zirconium alloy production cycle and the technologies deployed in this industry
  • Updated supply capacities and production data for all producers in the nuclear-grade zirconium supply chain
  • Post-Fukushima updated nuclear reactor and zirconium demand forecasts
  • Updated supply forecasts with extended outlook through 2035 for each of the nuclear zirconium sponge, alloy, and tubing markets
  • A new section on emerging market trends has been added to this 2019 report to provide broader context to key issues, including trade and government policies affecting the zirconium sector, the evolution of accident tolerant nuclear fuels, and the hafnium market
  • Updated nuclear-grade zirconium sponge and alloy market price estimates and future price assessments
  • Improved discussion on the design of BWR and PWR fuel assemblies, the zirconium alloy components of which they are constructed, and the fuel fabrication process

Standard Features

  • General Zirconium Overview provides a broad summary of the zirconium mineral occurrence, resource base, and industrial applications, including the role of zirconium alloy production for the nuclear fuel industry. This helps put the specific nuclear zirconium market analysis in perspective.
  • Manufacturing Processes for Nuclear Fuel Components discusses the manufacturing processes and the overall "zirconium cycle" for production of the materials and components used in nuclear fuel assemblies.
  • Nuclear Zirconium Alloy Materials & Product Suppliers offers updated descriptions of each company involved in nuclear-grade zirconium alloy materials and product supply. This includes all firms in the world involved in zirconium sponge and alloy production and processing through manufacture of tube-reduced extrusions (TREX), as well as separate tubing manufacture.
  • Nuclear Fuel Fabricators & Zircaloy Tubing Supply provides a review of the nuclear fuel fabrication business and processes while indicating where fabricators acquire their zirconium fuel assembly components.
  • Nuclear Zirconium Supply & Demand Analysis offers proprietary data and analysis of the global supply and demand balance for nuclear fuel-related zirconium sponge, alloy, and products. In addition, this chapter includes regional breakdowns as well as supply and demand analysis based on the different global reactor fuel types.
  • Overall Conclusions & Market Analysis completes our nuclear-grade zirconium market analysis with final thoughts on emerging and future market trends as well as expectations for price developments.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Fine Tubes, Ltd.
  • KEPCO Nuclear Fuel (KNF)
  • Non-LWR Fuel Fabricators
  • SSPE “Zirconium”
  • Superior Tube Company
  • TVEL Fuel Company
  • MORE

Introduction & Overview

  • Comprehensive Coverage of the Global Nuclear Zirconium Industry
  • Availability of Data
  • What’s New in the 2019 Report?
  • Structure of the Report

1 – General Zirconium Overview & Zircon Market Review

Occurrence

  •     Primary Producing Countries
  •     Hafnium Occurrence

General Uses

  •     Zirconium Metal

Nuclear Applications

  •     New Nuclear Zirconium Alloys Under Development

Zircon Resources and Production

  •     Reserves and Resources
  •     Zircon Mining
  •     Zircon Production

Individual Company Production

Zircon Consumption and Prices

  •     Overview
  •     Consumption of Zircon

Influence of Tile Manufacturing Techniques

  •     Market Dynamics
  •     Zircon Prices

Zirconium Oxychloride Market

The Influence of China

Conclusions  
 
2 – Manufacturing Processes for Nuclear Fuel Components

Production of Zirconium Sponge

  •     The Importance of Hafnium Separation
  •     Zircon Sand Processing
  •     Hafnium Removal
  •     Final Sponge Production

Manufacture of Zirconium Alloy Ingots

Manufacture of Zirconium Alloy Plate, Sheet, Bar Stock, and Tube-Reduced Extrusions (TREX)

Production of Nuclear Fuel Tubing

3 – Nuclear Zirconium Alloy Materials & Product Suppliers

Zirconium Sponge Producers

China

  • State Nuclear Baoti Zirconium Industry Company, Ltd. (SNZ)
  • Guangdong Orient Zirconic Industry Science & Technology Company Ltd. (Orient Zirconic)
  • Jiangxi Kingan Hi-Tech Company, Ltd. (Kingan)

France

  • Framatome Zirconium Division (formerly CEZUS)

India

  • Nuclear Fuel Complex (NFC)

Russia

  • Chepetsky Mechanical Plant (CMP)

Ukraine

  • SSPE “Zirconium”

United States

  • ATI Specialty Alloys and Components (ATI-SAC)
  • Western Zirconium (WZ)

Producers of Zirconium Alloy Plate, Sheet, Bar Stock, and TREX

Argentina

  • Fabricación de Aleaciones Especiales, SA (FAE)

China

  • State Nuclear Baoti Zirconium Industry Company, Ltd. (SNZ)
  • Other Chinese Facilities

France

  • Framatome Zirconium Division (formerly CEZUS)

India

  • Nuclear Fuel Complex (NFC)

Russia

  • Chepetsky Mechanical Plant (CMP)

Sweden

  • Sandvik Materials Technology (SMT)

United States

  • ATI Specialty Alloys and Components (ATI-SAC)
  • Western Zirconium (WZ)
  • Zirconium Alloy Scrap Recycling

Manufacturers of Nuclear Fuel Tubing

Argentina

  • Fabricación de Aleaciones Especiales, SA (FAE)

Canada

  • BWXT Nuclear Energy Canada (BWXT Canada)
  • Cameco Fuel Manufacturing, Inc. (CFMI)

China

  • State Nuclear Baoti Zirconium Industry Company, Ltd. (SNZ)
  • CNNC-AREVA Shanghai Tubing Co. (CAST)

France

  • Framatome Zirconium Division (formerly CEZUS)

India

  • Nuclear Fuel Complex (NFC)

Iran

  • Zirconium Production Plant (ZPP)

Japan

  • Mitsubishi Nuclear Fuel Company (MNF)
  • Zirco Products (ZP)

Russia

  • Chepetsky Mechanical Plant (CMP)

South Korea

  • KEPCO Nuclear Fuel (KNF)

Sweden

  • Sandvik Materials Technology (SMT)

United Kingdom

  • Fine Tubes, Ltd.

United States

  • Global Nuclear Fuel-Americas (GNF)
  • Sandvik Special Metals Corporation (SSM)
  • Superior Tube Company
  • Veridiam
  • Westinghouse Specialty Metals Plant (SMP)

Possible Future Supply Developments

4 – Nuclear Fuel Fabricators & Zirconium Components Supply

Fabrication Market Overview

Key Players

  •     Framatome
  •     Global Nuclear Fuel
  •     Westinghouse Electric Company
  •     TVEL Fuel Company
  •     KEPCO Nuclear Fuel
  •     National and Regional Fuel Suppliers
  •     Non-LWR Fuel Fabricators

Fabrication Supply & Demand

Non-LWR Fuel Supply and Demand

Fabrication Market Dynamics

Zirconium Alloy Components and the Fuel Fabrication Process

  •     Fuel Cladding
  •     End Plugs or Caps
  •     Fuel Rods
  •     Spacer Grids
  •     BWR Water Rods/Channels
  •     BWR Fuel Channels
  •     PWR Guide Tubes/Thimbles and Instrument Tubes
  •     End Fittings
  •     Construction of the Assembly

Zirconium Tubing & BWR Channel Supply to Fabricators

  •     Argentina
  •     Brazil
  •     Canada
  •     China
  •     France
  •     Germany
  •     India
  •     Japan
  •     South Korea
  •     Romania
  •     Russia
  •     Spain
  •     Sweden
  •     United Kingdom
  •     United States

5 – Nuclear Zirconium Supply & Demand Analysis

Nuclear Zirconium Demand Modeling

  •     Unaccounted for Zirconium Demand

Nuclear Zirconium Supply Forecasting

Global Supply and Demand for Nuclear-Grade Zirconium Sponge

  •     Zirconium Sponge Demand Forecasts
  •     Zirconium Sponge Supply Forecast

Global Supply and Demand for Nuclear-Grade Zirconium Alloys

  •     Zirconium Alloy Demand Forecasts
  •     Zirconium Alloy Supply Forecast

Global Supply and Demand for Zirconium Tubing

  •     Zirconium Tubing Demand Forecasts
  •     Zirconium Tubing Supply Forecast

Regional Demand and Supply Considerations

  •     Regional Demand Distributions

Zirconium Alloy

Zirconium Tubing

  •     Analysis of Regional Supply

Zirconium Alloy

Zirconium Tubing

Reactor Type Demand and Supply Considerations

  •     Reactor Type Demand Distributions

Zirconium Alloy

Zirconium Tubing

Analysis of Reactor Type Zirconium Supply and Demand

6 – Overall Conclusions & Market Analysis

The Influence of Zircon and ZOC Prices

The Nuclear Zirconium Alloy Market in the Post-Fukushima World

Emerging Market Issues

  •     Government Policies and Trade Actions
  •     Impact of Accident Tolerant Fuels and Advanced Cladding Designs

Appendix A: Zirconium Weight Calculations for Fuel Assemblies

Appendix B: Nuclear Power Forecasts

  • Base Case Reactor Forecast
  • Alternative Reactor Forecast Cases
  • Post-Fukushima Changes to Nuclear Power Forecasts

Appendix C: Nuclear Power Regions

Appendix D: Statistics on Reactor Technologies and Vendors

Appendix E: Websites of Nuclear Zirconium Companies

  • Zirconium Sponge Companies
  • Zirconium Alloy Companies
  • Zirconium Tubing Companies

List of Figures

Figure 1. Nuclear Zirconium Manufacturing Overview
Figure 2. Zircon Sand
Figure 3. Microphotograph of Zircon Sand
Figure 4. Countries with Major Zirconium Resources
Figure 5. Applications for Zirconium Materials
Figure 6. Manufacture of Zirconium Products
Figure 7. Historical Demand for Zircon by End Use (1970-2010)
Figure 8. Zircon Utilization in 2018
Figure 9. Zircon Mining Process
Figure 10. Zircon Mining Pond
Figure 11. Zircon Mining Dredging Operations
Figure 12. World Zirconium Reserves Distribution, 2018
Figure 13. World Zirconium Mine Production Distribution, 2018
Figure 14. Zirconium Mineral Concentrates Production, 2000-2018
Figure 15. Zirconium Mineral Concentrates Production by Supplier in 2016
Figure 16. Global Zircon Consumption, Actual and Forecast, Circa 2012
Figure 17. Global Zircon Consumption, 2010-2016
Figure 18. Zircon Supply vs. Demand Forecast, 1990-2020, Circa 2010
Figure 19. Zircon Supply vs. Demand, 2010-2025
Figure 20. Zircon Prices Q1-2010 – Q1-2012
Figure 21. Zircon Price Trends, 2000-2019
Figure 22. Zircon Price Forecast to 2027
Figure 23. ZOC Price Forecast to 2027
Figure 24. Typical Zirconium Sponge Production Process
Figure 25. Examples of Nuclear-Grade Zirconium Sponge
Figure 26. Nuclear Zirconium Alloy Manufacturing Process
Figure 27. Nuclear Zirconium Alloy Ingot Production
Figure 28. Typical Zirconium Alloy Sheet
Figure 29. Typical PWR Fuel Assembly Spacer Grid
Figure 30. Typical Zirconium Alloy Bar Stock
Figure 31. Typical Zirconium Tube-Reduced Extrusions (TREX)
Figure 32. Pilgering Process
Figure 33. Schematic of the Pilgering Process
Figure 34. Zirconium Alloy Nuclear Fuel Cladding
Figure 35. Typical BWR (left) and PWR (right) Fuel Assemblies
Figure 36. Nuclear Zirconium Sponge Producer Capacity Shares
Figure 37. First Nuclear-Grade Zirconium Sponge Produced at SNZ’s Nantong Plant
Figure 38. Framatome’s Zirconium Division
Figure 39. Nuclear Zirconium Alloy Producer Capacity Shares
Figure 40. Zirconium Alloy Fabrication at India’s NFC
Figure 41. Nuclear Zirconium Alloy Tubing Manufacturer Capacity Shares
Figure 42. Worker Inspecting Zirconium Tubes at CAST Plant
Figure 43. Worldwide LWR Fabrication Supply and Demand, 2008-2035
Figure 44. Typical BWR Fuel Assemblies
Figure 45. Typical PWR Fuel Assembly
Figure 46. Typical Fuel Rod
Figure 47. Typical BWR (right) and PWR (left) Skeletons/Cages
Figure 48. Projection of Global Zirconium Sponge Demand, 2008-2035
Figure 49. Nuclear Zirconium Sponge Supply vs. Demand, 2008-2035
Figure 50. Projection of Global Zirconium Alloy Demand, 2008-2035
Figure 51. Global Zirconium Alloy Supply vs. Demand, 2008-2035
Figure 52. Projection of Global Zirconium Tubing Demand, 2008-2035
Figure 53. Global Zirconium Tubing Supply vs. Demand, 2008-2035
Figure 54. Regional Distribution of Zirconium Alloy Demand, 2008-2035
Figure 55. Regional Distribution of Zirconium Tubing Demand, 2008-2035
Figure 56. Regional Distribution of Zirconium Alloy Supply
Figure 57. Regional Distribution of Zirconium Tubing Supply
Figure 58. Reactor Type Distribution of Zirconium Alloy Demand, 2008-2035
Figure 59. Reactor Type Distribution of Zirconium Tubing Demand, 2008-2035
Figure B-1. Nuclear Generating Capacity Forecast, 2008-2035
Figure B-2. Base, High, and Low Case Nuclear Capacity Forecasts, 2008-2035
Figure B-3. Nuclear Power Forecasts to 2035 – Before & After Fukushima
Figure C-1. Map of NPO Countries by Region
Figure D-1. Percentages of Different Operating Reactor Types
Figure D-2. Percentages of New Reactor Types, 2019-2030
Figure D-3. Percentages of New Reactor Vendors, 2019-2030

List of Tables

Table 1. Chemical Composition of Principal Zr Alloys (%)
Table 2. TVEL’s Zirconium Alloys
Table 3. Chemical Composition of HANA Alloys
Table 4. World Zirconium Mine Production and Reserves
Table 5. New Zircon Mining Projects
Table 6. World Nuclear Zirconium Sponge Producers
Table 7. World Zirconium Alloy, Plate, Sheet, Bar Stock & TREX Producers
Table 8. World Nuclear Zirconium Alloy Tubing Manufacturers
Table 9. Worldwide LWR Fuel Fabrication Capacity in 2018
Table 10. Projection of Global Zirconium Sponge Demand, 2018-2035
Table 11. Projection of Global Zirconium Alloy Demand, 2018-2035
Table 12. Projection of Global Zirconium Tubing Demand, 2018-2035
Table 13. Regional Distribution of Zirconium Alloy Demand, 2019-2035
Table 14. Regional Distribution of Zirconium Tubing Demand, 2019-2035
Table A-1. Zirconium Alloy Weight and Tubing Calculations for Fuel Assembly Designs
Table B-1. Reactor Units & Nuclear Capacities Anticipated by Country by 2035
Table B-2. Base, High, and Low Case Nuclear Reactor and Capacity Forecasts, 2018-2035
Table D-1. Operating Reactor Types in May 2019
Table D-2. New Reactor Types, 2019-2030
Table D-3. New Reactor Vendors, 2019-2030

Note: Product cover images may vary from those shown
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  • ATI Specialty Alloys and Components (ATI-SAC)
  • BWXT Nuclear Energy Canada (BWXT Canada)
  • Cameco Fuel Manufacturing, Inc. (CFMI)
  • Chepetsky Mechanical Plant (CMP)
  • CNNC-AREVA Shanghai Tubing Co. (CAST)
  • Fabricación de Aleaciones Especiales, SA (FAE)
  • Fine Tubes, Ltd.
  • Framatome Zirconium Division (formerly CEZUS)
  • Global Nuclear Fuel-Americas (GNF)
  • Guangdong Orient Zirconic Industry Science & Technology Company Ltd. (Orient Zirconic)
  • Jiangxi Kingan Hi-Tech Company, Ltd. (Kingan)
  • KEPCO Nuclear Fuel (KNF)
  • Mitsubishi Nuclear Fuel Company (MNF)
  • National and Regional Fuel Suppliers
  • Non-LWR Fuel Fabricators
  • Nuclear Fuel Complex (NFC)
  • Sandvik Materials Technology (SMT)
  • Sandvik Special Metals Corporation (SSM)
  • SSPE “Zirconium”
  • State Nuclear Baoti Zirconium Industry Company, Ltd. (SNZ)
  • Superior Tube Company
  • TVEL Fuel Company
  • Veridiam
  • Western Zirconium (WZ)
  • Westinghouse Electric Company
  • Westinghouse Specialty Metals Plant (SMP)
  • Zirco Products (ZP)
  • Zirconium Alloy Scrap Recycling
  • Zirconium Production Plant (ZPP)
Note: Product cover images may vary from those shown
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