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Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Zirconium market. Market segmentation includes Occurrence Type (Zircon, Zirconia, and Other Occurrence Types); End-Use (Ceramics, Chemicals, Refractories, Foundries, and Other End-Uses).

Find Out More About Regions, Brands, Dominant, Active & Niche Companies Covered in the Report

24 November 1:15 a.m., Silicon Valley, California - According to the new market research report, the global market for Zirconium is projected to grow at a CAGR of 3.1% to reach 1.2 million metric tons by 2027, driven by increasing urbanization, escalating growth in consumption of ceramic tiles and increasing demand for zirconium chemicals in various industries. The global Zirconium market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Zircon, one of the occurrence types analyzed and sized in this study, is forecast to grow at over 3.3% and reach a market size of 845 thousand metric tons by the end of the analysis period. The United States is forecast to readjust to a 3.3% CAGR. Within Europe, one of the worst affected by the pandemic, France will reach a market size of 33.8 thousand metric tons growing at a CAGR of 2.8% over the next couple of years. In addition, over 48 thousand metric tons worth of projected demand in the region will come from Rest of European markets. In Japan, the Ceramics end-use segment will reach a market size of 20 million metric tons by the close of the analysis period. Facing a global backlash over the coronavirus outbreak and spread, China the world's second largest economy faces economic and geopolitical challenges including economic distancing which can likely put China's monopoly of global supply chains in crisis. The Refractories end-use segment in this country against this backdrop will grow at a CAGR of 1.6% over the next couple of years to create an addressable market opportunity worth 4.9 million metric tons by the year 2027.

Zirconium represents an obscure, but a vital element with immense potential for comprehensive spectrum of applications. Generally found in zircon, the element is an indispensable component of nuclear power facilities, mobile phones, paints, ceramics, catalytic convertors and dialysis equipment. In recent years, zirconium compounds have gained extensive acceptance in a broad range of applications such as kidney dialysis, pigment coating, coated paper for packaging of frozen food, thixotropic paints and paint driers. Further insights into the chemistry of zirconium extended its use to sophisticated ceramic or oxide applications, with thermal barrier coatings, catalysts, solid electrolytes and piezo electrics being popular application areas for zirconium ceramics. Based on its unique chemical and physical characteristics, zirconium is bound to find use in emerging applications, including sustainable and more efficient clean technologies. Maturing long term contracts, increasing popularity of zircon flour, emergence of innovative applications as well as vertical integration in the Zirconium market are some of the on-going trends in the industry. Some of the growth inhibitors include low pigment plant capacity utilization, radiological concerns, exchange rate fluctuation as well as other disruptions apart from threat from substitute materials, price fluctuations, related health issues and its outright elimination from use in product formulations such as TV glass.

Research Methodology
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. The views, opinions and findings presented are based on validated engagements from a total executive pool size of 1937. Among this pool, 349 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 77 unique participations, a total of 36 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.

Key Competitors Covered in the Report -
DuPont de Nemours, Inc.
Allegheny Technologies, Inc. (ATI)
Iluka Resources Ltd.
Kenmare Resources PLC
Alkane Resources Ltd.
Cristal Mining Australia Ltd.
Luxfer Holdings PLC
Astron Ltd.
Imerys Fused Minerals Murg GmbH
Oxkem Ltd.
Richards Bay Minerals

Segments Covered in the Report -
Occurrence Type (Zircon, Zirconia, Other Occurrence Types)
End-Use (Ceramics, Chemicals, Refractories, Foundries, Other End-Uses)

Geographies Analyzed in the Report -
World
USA
Canada
Japan
China
Europe
France
Germany
Italy
UK
Spain
Russia
Rest of Europe
Asia-Pacific
Australia
India
South Korea
Rest of Asia-Pacific
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East
Iran
Israel
Saudi Arabia
UAE
Rest of Middle East
Africa.

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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world`s only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.

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Zak Ali
Director, Corporate Communications
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Phone: 1-408-528-9966
Email: sales@StrategyR.com