April 27, 2020
As per the report titled ‘Global Zirconium Silicate Market Research Report 2020’, available with Market Study Report LLC, global zirconium silicate market garnered a valuation of USD 1273.9 million in 2020 and is expected to reach USD 1282.9 million by end of 2026, expanding at 0.1% CAGR during 2019-2026.
Zirconium silicate is found in nature as zircon and is colorless in pure form but impurities induce variations in its color. It is insoluble in water, alkali, and acids. It’s applicability in the production of refractory materials, ceramics, ceramic glazes, and enamels along with the usage as beads for milling and grinding are fueling the market growth.
Based on the type, the industry is segmented into common zirconium silicate and high-grade zirconium silicate. The latter segment held 62% market share in 2018 and is expected to record substantial growth during the forecast period.
Speaking of the application segment, ceramics segment accounted for 65% demand share in 2018, and is anticipated to display strong growth trends over the forecast timeline. Inflowing government investment on infrastructure and increasing number of construction activities across the globe are fueling the demand for ceramics, thereby stimulating the growth of zirconium silicate industry. Furthermore, the emergence of 3D manufacturing solutions for ceramics is positively impacting the segment growth.
As per the regional analysis, global zirconium silicate market is divided into North America, Latin America, Europe, and Asia Pacific. China zirconium silicate market is anticipated to witness considerable growth during the projection period, owing to abundance of raw materials coupled with the presence of several manufacturers in the region.
Major players in global zirconium silicate market include Yixing Yaoguang Group Co., Ltd., Shandong Chenyuan Power, HakusuiTech Co., Ltd., Zhangzhou Antai Zirconium Development Co., Ltd., Imerys, Chilches Materials, Industrie Bitossi, Shandong Gold Sun Zirconium, JINGJIEHUI GROUP, and Guangdong Orient Zirconic Ind Sci & Tech Co., Ltd. among others.
Frequently Asked Questions (FAQ) :