Zirconia or Zirconium dioxide is anticipated to generate a
tremendous growth owing to its increasing usage in a wide range of applications
such as optical fibers, medical products, and waterproofing clothing.
Additionally, China’s ceramic tile industry and its development is expected to
boost the zirconium dioxide demand, owing to increasing product usage in
several ceramic applications such as sanitary ware, tableware and floor and
wall tiles. Emerging markets such as China, Korea and India are expected to
drive the global market as these regions have accounted humongous market
potential for zirconium oxide despite of monetary fluctuations from these
regions.
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Zirconium supply shortage along with volatility in the
prices of zirconium has made a negative impacted in market growth over the last
decade. However, the market is expected to improve quickly over the forecast
period. Post several global cues the market has witnessed quick recovery owing
to increasing industrial activities from Asia –Pacific market. The largest
consumer of zirconium oxide globally owing to increasing demand for the mineral
in foundries and ceramic is from Asia- Pacific region. Additionally, new mine
reserves explorations in these regions are further expected to make a strong
positive influence on the consumption of zirconium oxide across several the
end-use sectors. There have been improvements in production technologies in
industry owing to increasing usage in zirconium compound. A nuclear energy
production target provides an increasing avenue of opportunities for Zirconium Dioxide Market growth
over the forecast period.
The global zirconium dioxide market is segmented on the
basis of region. Major regions included to have a market overview include North
America, Europe, Asia Pacific and rest of the world. From North American region
the U.S. has accounted the largest producer and consumer of zirconium dioxide
in 2014. The U.S. is immediately followed by Japan, which has accounted second
largest consumer and producer of zirconium dioxide. The market trend is likely
to continue, owing to increasing building and construction activities from
these regions.
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Zirconia nanoparticles (nano-ZrO2) market is expected to
develop over the next couple of years owing to its surging demand in niche
markets such as electronic displays, thermal barriers, solid oxide fuel cells,
medical and dental implants, and wear-resistant coatings. Key industry players in zirconium dioxide
industry include Saint-Gobain, E.I DuPont de Nemours and Company, Astron Advanced
Materials, Alkane Resources, Astron, Allegheny Technologies, Australian Zircon
NL, Exxaro Resources Ltd, Astron Advanced Materials, Bemax Resources Limited,
Rio Tinto Plc, Luxfer Group, Foskor Ltd., Namakwa Sands Ltd., Iluka Resources
Limited, Richards Bay Minerals, Neo Material Technologies Inc., and Wah Chang.
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