About Zirconium Oxide
Zirconium Oxide is a compound which has properties such as high thermal insulation and high thermal expansion. Zirconium Oxide is generally found as white powder. It also possess high resistance to crack propagation. Because of such properties, it finds a wide scale application specifically in ceramics industry. However, expensive costs of Zirconium Oxide Ceramics compared to Alumina Ceramics may hinder the growth of the market. Some of the zirconium oxide compounds are also known to be conducting oxygen compounds. Other areas which use Zirconium Oxide consists of dental products, thermal insulated wires which are fire resistant. Pyrooptical Property is another key property of Zirconium Oxide, which makes it appropriate optical storage, light shutters and stereo television glasses possible. Traditionally manufacturers from United States and France were major players in this industry but steadily Chinese manufacturers are becoming dominant in this market. Asia Pacific remains major market because of high ceramic demand.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Zirconium Oxide is a fragmented market due to the presence of various players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Zirconium Oxide market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Saint-Gobain SA (France), Luxfer Holdings PLC (United Kingdom), Iluka Resources Limited (Australia), Binh Dinh Minerals Company (Vietnam), Australian Zircon NL (Australia), Astron Advanced Materials Limited (United States), Rio Tinto Plc (United Kingdom), Guangdong Orient Zirconic Ind Sci & Tech Co.,Ltd. (China), MZI Resources Ltd (Australia) and Imerys (France) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Kenmare Resources PLC (Ireland), Namakwa Sands Ltd. (South Africa) and Exxaro Resources Ltd (South Africa).
Segmentation Overview
AMA Research has segmented the market of Global Zirconium Oxide market by Type (Electro Fused Zirconium Oxide and Chemical Zirconium Oxide), Application (Refractory Materials and Casting, Advanced Ceramics and Special Products, Abrasive Material, Investment Casting and Dye and Pigment) and Region.
On the basis of geography, the market of Zirconium Oxide has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Zirconium types , the sub-segment i.e. Zirconia will boost the Zirconium Oxide market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel , the sub-segment i.e. Direct will boost the Zirconium Oxide market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High concentration of Zirconium Deposits Found led to Increase Research in in Other Industries
Market Growth Drivers:
Rapid Urbanization and High Construction Activities Linked and Use of Ceramic Flooring in Construction and Rising Demand of End Use Industries like Artificial Jewellery and Optical Fiber Industry
Challenges:
Innovating and Investing in Research and Development to Expand the Applications of Zirconium Oxide and Maintain Global Supply Chain Even During Major Disruptions such as Pandemic
Restraints:
Presence of Substitute Products Such as Silica and Chromite and Zirconium Oxide Ceramics are More Expensive than Alumina Ceramics
Market Leaders and their expansionary development strategies
In 2021, Ivoclar Vivadent, a global market leader in dental products has announced completion of acquisition of Sagemax Bioceramics, which is a United States based major manufacturer of dental zirconia. The strategic acquisition is aimed at expanding Sagemax Bioceramics operations while keeping the operating as a separate entity from Ivoclar Vivadent.
In 2019, Lomon Billions Group, global market leader in pigment manufacturing has acquired 15.66% equity shares in Guangdong Orient Zirconic Ind Sci & Tech Co.,Ltd. Orient Zirconic is a china based mining company, which specialises in mining of zirconium minerals as well as produces zirconium oxides, dioxides and zirconium silicates. The acquisition will help Lomon Billions to expand its pigment manufacturing business with enhanced focus on innovative use of Zirconium Oxide.
Key Target Audience
Zirconium Oxide Manufacturers, Suppliers and Producers, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.