Global Zirconium Dioxide Market to surpass $ 85 Mn by 2025

January 09, 2020


According to the research report titled ‘Zirconium Dioxide Market Size By Purity (99% Purity [By Application {Ceramics, Refractory Purposes, Dental, Abrasives, Jewelry}], 99.5% Purity [By Application {Ceramics, Refractory Purposes, Dental, Abrasives, Jewelry]}), Industry Analysis Report, Regional Analysis (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, Spain, Poland, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Brazil, Argentina, Saudi Arabia, UAE, South Africa, Iran), Application Development, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report LLC, the global zirconium dioxide market is expected to cross USD 85 million by the year 2025.
 

According to the report, escalating investments in R&D activities coupled with changing lifestyle patterns are leading to growing demand for protective coatings in automotive & aerospace industries which in turn is driving the zirconium dioxide market growth. Manufacturers are introducing cost-effective coating solutions in order to meet the demand for protective coatings. Moreover, flourishing transportation sector has led to growing need for commercial vehicles and refurbished automobiles. This factor in tandem with surging defense expenditure and growing number of air passengers are aiding the expansion of the market.
 

In terms of purity, the report cites that 99.5% pure zirconium dioxide market segment is expected to exceed USD 39.5 million by the year 2025. Increasing utilization of ceramic tiles in educational institutions, residential buildings, and hospitals are stimulating the industry outlook. Rapid urbanization and escalating investments in infrastructure development are also fueling the segmental growth.
 

99% purity segment in terms of abrasives applications is presumed to grow by 3.5% by the year 2025. These products are extensively used in deburring, cleaning and repairing interiors & accessories of the automobile. Flourishing electronics industry along with rising per capita income are augmenting the demand for 99% pure zirconium products in abrasives applications across the globe.
 

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As per regional analysis, the report states that North America zirconium dioxide market amassed over USD 15 million in the year 2018 and is expected to register continuous growth during the estimated timeframe. Growing geriatric population in consort with increasing awareness regarding dental implants are contributing towards the popularity of the product across the region. Shifting preference towards cosmetic dentistry, technological advancements, and favorable reimbursement policies are facilitating the business scenario.
 

The prominent companies operating in zirconium dioxide market are Zircoa Inc., Foskor Zirconia, TAM Cermaics, ATI, Alkane Resources, Jiangxi Kingan Hi-tech Co. Ltd., H.C. Starck, Showa Denko K.K., Tosoh Corp., American Elements, Saint-Gobain ZirPro and Zircomet.


Frequently Asked Questions (FAQ) :

Escalating investments in R&D activities coupled with changing lifestyle patterns are leading to growing demand for protective coatings in automotive & aerospace industries which in turn is driving the zirconium dioxide market growth. Manufacturers are introducing cost-effective coating solutions in order to meet the demand for protective coatings. Moreover, flourishing transportation sector has led to growing need for commercial vehicles and refurbished automobiles. This factor in tandem with surging defense expenditure and growing number of air passengers are aiding the expansion of the market.
In terms of purity, the report cites that 99.5% pure zirconium dioxide market segment is expected to exceed USD 39.5 million by the year 2025. Increasing utilization of ceramic tiles in educational institutions, residential buildings and hospitals are stimulating the industry outlook. Rapid urbanization and escalating investments in infrastructure development are also fueling the segmental growth. 99% purity segment in terms of abrasives applications is presumed to grow by 3.5% by the year 2025. These products are extensively used in deburring, cleaning and repairing interiors & accessories of the automobile. Flourishing electronics industry along with rising per capita income are augmenting the demand for 99% pure zirconium products in abrasives applications across the globe.
North America zirconium dioxide market amassed over USD 15 million in the year 2018 and is expected to register continuous growth during the estimated timeframe. Growing geriatric population in consort with increasing awareness regarding dental implants are contributing towards the popularity of the product across the region. Shifting preference towards cosmetic dentistry, technological advancements, and favorable reimbursement policies are facilitating the business scenario.
The prominent companies operating in zirconium dioxide market are Zircoa Inc., Foskor Zirconia, TAM Cermaics, ATI, Alkane Resources, Jiangxi Kingan Hi-tech Co. Ltd., H.C. Starck, Showa Denko K.K., Tosoh Corp., American Elements, Saint-Gobain ZirPro, and Zircomet.
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