Global Zirconium Market, By Product Type, and Geography - Industry Insights, Trends, Outlook, and Opportunity Analysis,
The global Zirconium market is estimated to grow at a significant rate, during the forecast period 2018-2025. Zirconium is a very strong, malleable, ductile, lustrous silver-gray metal. Zirconium is extremely resistant to heat and corrosion. Zirconium is lighter than steel and its hardness is similar to copper. When it is finely divided, the metal can spontaneously ignite in air, especially at high temperatures. Growing demand of Zirconium in Ceramics industry and nuclear power Industry are vital factors expected to encourage the growth of the global zirconium market in the upcoming period. In addition, increasing urbanization and demand for zirconium-based construction materials such as sanitary ware and tableware, uses of zirconium alloys in dental implants give high fracture toughness, are some of the other factors estimated to accelerate the growth of the market in the next few years. Moreover, application of zirconium dioxide in aerospace supply chain especially use as corrosion, heat, and fracture resistant materials will also fuel the growth of zirconium market in forecast period. Applications of zirconium chemicals in automobile industry such as paint driers, antiperspirants, automotive catalysts, and paper coatings, in medical industry as oxygen sensors, as dielectric and piezoelectric devices in electronics industry and fuel cell in battery industry, will contribute in the growth of zirconium market in upcoming periods. Growing use of zirconium in foundries and refractories will drive the zirconium market over forecast period.
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