20th October,
2018 - Zirconium
Dioxide Market is anticipated to generate a tremendous growth
owing to its increasing usage in a wide range of applications such as optical
fibers, medical products, and waterproofing clothing. Additionally, China’s
ceramic tile industry and its development is expected to boost the zirconium
dioxide demand, owing to increasing product usage in several ceramic
applications such as sanitary ware, tableware and floor and wall tiles.
Emerging markets such as China, Korea and India are expected to drive the
global market as these regions have accounted humongous market potential for
zirconium oxide despite of monetary fluctuations from these regions.
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Zirconium supply shortage
along with volatility in the prices of zirconium has made a negative impacted
in market growth over the last decade. However, the market is expected to
improve quickly over the forecast period. Post several global cues the market
has witnessed quick recovery owing to increasing industrial activities from Asia
–Pacific market.
The largest consumer of zirconium oxide globally owing to
increasing demand for the mineral in foundries and ceramic is from Asia-
Pacific region. Additionally, new mine reserves explorations in these regions
are further expected to make a strong positive influence on the consumption of
zirconium oxide across several the end-use sectors. There have been
improvements in production technologies in industry owing to increasing usage
in zirconium compound. A nuclear energy production target provides an
increasing avenue of opportunities for zirconium dioxide market growth over the
forecast period.
The global zirconium dioxide
market is segmented on the basis of region. Major regions included to have a
market overview include North America, Europe, Asia Pacific and rest of the
world. From North American region the U.S. has accounted the largest producer
and consumer of zirconium dioxide in 2014. The U.S. is immediately followed by
Japan, which has accounted second largest consumer and producer of zirconium
dioxide. The market trend is likely to continue, owing to increasing building
and construction activities from these regions.
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