Future Market Insights
Distinct from other ceramic materials, zirconium dioxide is a dynamic material used in the manufacturing of many domestic and industrial products. Zirconium dioxide, which is also known as zirconia is expected to find potential market opportunities for its varied range of applications over the forecast period. The recent technological developments have accelerated the demand for zirconium dioxide, which in turn helped gain lucrative market share by advanced materials companies and multi-national chemical companies in terms of production of nanoparticles of zirconium dioxide. Thus, the zirconium dioxide market is expected to develop significantly in the near future owing to the increased production of nano particles. The increase in demand for high-quality zirconium dioxide in the field of medical, electronic, steel and so on are expected to bolster the market growth considerably over the forecast period. The zirconium dioxide is expected to be a popular ceramic in the upcoming decade owing to its increasing application in numerous industries around the world.
Zirconium Dioxide Market: Drivers and Restraints
Zirconium dioxide is available in plenty from nature and it contains no toxic elements, which makes it easy to discharge the waste back into the nature. Thus, zirconium dioxide is one of the extensively used ceramic materials ranging its applications from dental, such as bridges and crowns, to paints and lacquers and so on. An outstanding compatibility has been identified between zirconium dioxides with the connective tissues in the human body, which makes it prevalent in surgery practices for joint implants that drives the zirconium dioxide market. Another attractive factor about zirconium dioxide is its use in jewelry as a diamond imitation, which is expected to boost zirconium dioxide market in making artificial jewelry over the forecast period.
The market for zirconium dioxide is expected to grow substantially on industrial level owing to its high temperature and mechanical properties, thermal, chemical and oxidation resistance that has resulted in attracting business houses and scientists in the manufacturing of engineering products on a large and diverse scale that include nuclear fuels, seals, valves, wear parts, bearings, tiles and nose cones for space shuttle and missiles, coating for turbines, aviation engines, diesel engines and many more.
However, the significant price of the products using zirconium dioxide becomes a hurdle as the same products made using alumina ceramic are available in lower prices.
Zirconium Dioxide Market: Segmentation
Zirconium dioxide market can be segmented on the basis of form as:
Synthetic Zirconium Dioxide
Fused Zirconium Dioxide
Zirconium dioxide market can be segmented on the basis of product type as:
Zirconia Toughened Alumina
Transformation Toughened Ceramic
Transformation Toughened Zirconia
Zirconium dioxide market can be segmented on the basis of application as:
Zirconium dioxide market can be segmented on the basis of manufacturing process as:
Zirconium dioxide market can be segmented on the basis of End-use segment as:
Zirconium Dioxide Market: Region wise Outlook
Based on the geography, the zirconium dioxide market is expected to be dominated by the U.S., owing to the noteworthy production and consumption of zirconium dioxide in the country, over the forecast period. The U.S. is expected to be followed by Japan for its production of zirconium dioxide nano-particles. The developing countries such as India, Korea and China are rich in availability of zirconium dioxide that will create strong opportunities for zirconium dioxide market along with the wide scope of innovative technologies in the production of electronic displays, wear-resistant coating, thermal barrier and many others.
Zirconium Dioxide Market: Market Participants
Some of the examples of market participants in the global zirconium dioxide market are listed below:
Iluka Resource Limited
Kenmare Resources plc
Luxfer Holdings PLC
Raj Purohit Group of Enterprises
H.C. Starck GmbH
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
The main aim of the report is to:
MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.