Title: Zirconium Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2022-2027
1Zirconium Market Market size, Industry outlook,
Market Forecast, Demand Analysis, Market Share,
Market Report 2021-2026
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- The zirconium market size is forecast to reach
US2.7 billion by 2027 after growing at a CAGR of
8.1 during 2022-2027. Zirconium is a silver-grey
transition metal that usually occurs naturally
in mineral baddeleyite, also known as zirconia or
derived chemically from zircon. It exhibits
excellent properties such as high ductility,
robust thermal and corrosion resistance, chemical
inertness, and the ability to create stable
compounds. Such Perse properties make zirconium
an ideal material for use in several industrial
applications that include ceramic, chemical
processing, nuclear power, piezoelectric
crystals, zirconium alloys, and many more. The
ceramics industry is one of the largest consumers
of zirconium where this metal is used extensively
in the production of glazes, ceramic bodies,
tiles, frits, enamels, etc.
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- Key Takeaways
- Zircon dominated the zirconium market in 2021.
This type of zirconium comes with a unique set of
physical properties, making it ideal for multiple
demanding applications. - The chemical industry is projected to drive the
markets growth during the forecast period. For
instance, according to the June 2020 data
by the American Chemistry Council, net exports of
chemicals will account for US37 billion by
2025. - The Asia-Pacific region is expected to witness
the highest demand for zirconium owing to the
increasing ceramics market in the region. As per
the July 2021 data by India Brand Equity
Foundation, the ceramic products glassware
segment recorded positive growth (36.97) during
June 2021 vis-a-vis June 2020. -
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By Distribution Channel- Segment
Analysis Zirconium finds its extensive use in the
ceramics industry globally. The ceramics industry
is one of the largest markets for zirconium where
it is utilized in numerous products ranging from
tiles to glazes and enamels. The ceramic industry
is booming globally with increasing production
and consumption of ceramics and this is projected
to drive the markets growth during the forecast
period. For instance, as per the data by
the Trade Promotion Council of India, ceramic
products exports by India increased in 2019,
reaching US 1.7 billion. Similarly, as per the
data by Ceramica.info,
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- Zirconium
Market Outlook - Iluka Resources
- Eramet
- Kenmare Resources plc
- Tronox Inc.
- Rio Tinto Group
- Alkane Resources Limited
- Base Resources Limited
- Doral Mineral Sands Pty Ltd
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Zirconium Market -
Forecast 2022-2027 Learn More About the Report
_at_ https//www.industryarc.com/Research/Zirconiu
m-Market-Research-509372
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- You Can Customize the Report as Per Your Need.
We have included Some Customization Options - Company Profile
- Analyst Briefing
- Data Tables
- Key Contacts
- Free Customization
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