The
global zirconium market is recovering from the decline it faced over
the last decade. By the end of 2014, the market had indicated a slow
but steady growth as the demand is set to stabilize in the future.
The
global market for zirconium is analyzed on the basis of its
geographical distribution. North America, Europe, Asia Pacific, and
the Rest of the World are the key regional markets for zirconium.
The
research report provides a comparative analysis of the global
zirconium market, including qualitative as well as quantitative
evaluation of each segment of this market. The market study also
evaluates the market dynamics and prevalent trends such as the growth
drivers, limitations, and prospects influencing the current
performance and the future status of this industry.
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Overview
of the global zirconium market
The
performance of the global zirconium market is dependent upon the
movement in the ceramic industry, as zirconium derives most of its
demand from the global ceramics market. The foundry, refractory, and
electronics industries are the other major consumers of zirconium.
Zirconium
is a strong, malleable, and ductile metal that possesses extreme
resistance to heat and corrosion. This silver-grey metal is derived
from mineral zircon sand. Its resistance to absorption of neutrons
makes it useful for cladding of nuclear fuel.
In
terms of demand, the zirconium market in Asia Pacific led the global
zirconium market in 2012. Demand from this region is expected to rise
on account of the rising demand from end-use industries such as
medical and healthcare, ceramics, and construction. Asian economies
such as Japan, China, India, and South Korea are expected to be the
major consumers of zirconium during the forecast period.
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The
zirconium market in North America stood second in 2012. The market in
the U.S. is the leading consumer of zirconium in North America, due
to rising demand from the nuclear energy and ceramics industries.
The
market in Europe held the third position in the global zirconium
market. Economies such as Turkey, Spain, and Italy are the key
consumers of zirconium in Europe.
Lastly,
the market for zirconium in the Rest of the World is expected to
exhibit significant potential for growth in the coming years. South
Africa dominates the zirconium market in the Rest of the World
segment.
Overall,
the global zirconium market is set to exhibit steady growth in the
future, but the high price of zirconium and the health issues
associated with it are expected to create major hindrances for the
development of this market.
Companies
mentioned in the research report
The
global zirconium market is consolidated in nature, with Kenmare
Resources, Iluka Resources, Tronox, and Rio-Tinto leading the global
market. Other prominent participants of this market are Bemax
Resources, Astron, Wah Chang, Smartac Group China Holdings, Exxaro
Resources, Richards Bay Minerals, Namakwa Sands, Australian Zircon,
Foskor, Alkane Resources, Tosoh, Astron Advanced Materials, EI DuPont
de Nemours, Luxfer Group, and Moly.
Major
geographies analyzed under this research report are:
- Europe
- North America
- Asia-Pacific
- Rest of the World
This
report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key
highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
Read
More Reports on Metals
& Minerals
Markets:
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research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
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material for business reports.
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