North America and the Asia-Pacific to Emerge as Significant Regional Markets for the Zirconium Oxide Industry
The global market for zirconium oxide is being significantly aided by the growth of the industry in the North America and the Asia-Pacific regions. The growing demand for the product in the North American region is being propelled by the United States and Canada. The market is witnessing a rapid growth in the region owing to the thriving dental implants sector. The region is experiencing an increase in overall dental health awareness, a growing number of dentists, and a rising emphasis on aesthetic appeal. These factors are expected to promote the adoption of zirconium oxide in the region.
A significant rise in the demand for mineral ceramics and foundries has made the Asia-Pacific region one of the leading consumers of the product. The discovery of new mine reserves in the region has also propelled the market growth. The rising demand for the product has resulted in modifications in the industry's manufacturing techniques. The market is also expected to be aided by the rising demand from nuclear energy sector.
Zirconium Oxide: Market Segmentation
Zirconium oxide refers to white crystalline zirconium oxide, frequently known as Zirconia (ZrO2), mainly used in the manufacturing of modern ceramics. Zirconium oxide has good chemical and corrosion inertness. It also has solid mechanical strength and wears resistance at high temperatures. It is used as an essential refractory material because of its physical, chemical, and mechanical properties. It also finds uses in insulation, enamels, and abrasive processing.Based on type, the market can be divided into:
- Electro Fused
- Chemical
Zirconium oxide finds wide applications in the following sectors:
- Medical Products
- Optical Fibres
- Automobiles
- Industrial Catalysts
- Electronics
- Paints
- Fuel Cells
- Aviation Engines
- Jewellery
- Ceramics
- Others
The regional markets for zirconium oxide can be divided into:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Rising Ceramic Industry Bolstering the Market Growth of Zirconium Oxide
The growing ceramics industry is significantly driving the industry growth. Zirconium oxide provides excellent strength to ceramic materials. Since zirconium oxide is highly inert chemically, ceramics are able to withstand attacks from various acids, bases, and organic solvents, making them an ideal choice for producing various forms of ceramics, including advanced ceramics, decorative ceramics, and conductive ceramics. Besides, zirconium oxide is widely used for new applications, such as in high-performance knives, scissors, and various other industrial applications, which is expected to further boost the market growth in the coming years. The growing demand from the electronics sectors is expected to further boost the market growth in the coming years.Key Industry Players in the Global Zirconium Oxide Market
The report gives a detailed analysis of the following key players in the global zirconium oxide market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, investments, expansions of capacity, and plant turnarounds:- Saint-Gobain ZirPro
- Imerys S.A.
- Tateho Chemical Industries Co., Ltd.
- Luxfer MEL Technologies
- Astron Limited
- Others
Table of Contents
Companies Mentioned
The key companies featured in this Zirconium Oxide market report include:- Saint-Gobain ZirPro
- Imerys S.A.
- Tateho Chemical Industries Co., Ltd.
- Luxfer MEL Technologies
- Astron Limited