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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Zirconium Oxide Market Outlook
The global zirconium oxide market is being aided by the growth of the zirconium market. The global zirconium market is expected to grow at a CAGR of 5% in the forecast period of 2024-2032.
| Global Zirconium Oxide Market Report Summary | Description | Value |
| Base Year | USD Million | 2023 |
| Historical Period | USD Million | 2018-2023 |
| Forecast Period | USD Million | 2024-2032 |
| Market Size 2023 | USD Million | XX |
| Market Size 2032 | USD Million | XX |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 5.0% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 5.8% |
| CAGR 2024-2032 - Market by Country | India | 6.4% |
| CAGR 2024-2032 - Market by Country | China | 6.1% |
| CAGR 2024-2032 - Market by Type | Medical Products | 5.6% |
| CAGR 2024-2032 - Market by End Use | Electro Fused | 5.8% |
| Market Share by Country 2023 | Canada | 3.5% |
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North America and the Asia Pacific to Emerge as Significant Regional Markets for the Zirconium Oxide Industry
The global market for zirconium oxide is being significantly aided by the growth of the industry in the North America and the Asia Pacific regions. The growing demand for the product in the North American region is being propelled by the United States and Canada. The market is witnessing a rapid growth in the region owing to the thriving dental implants sector. The region is experiencing an increase in overall dental health awareness, a growing number of dentists, and a rising emphasis on aesthetic appeal. These factors are expected to promote the adoption of zirconium oxide in the region.
A significant rise in the demand for mineral ceramics and foundries has made the Asia Pacific region one of the leading consumers of the product. The discovery of new mine reserves in the region has also propelled the market growth. The rising demand for the product has resulted in modifications in the industry's manufacturing techniques. The market is also expected to be aided by the rising demand from nuclear energy sector.
| CAGR 2024-2032 - Market by | Country |
| India | 6.4% |
| China | 6.1% |
| Brazil | 5.8% |
| Saudi Arabia | 5.1% |
| UK | 4.5% |
| USA | XX% |
| Canada | 4.2% |
| Germany | XX% |
| Italy | XX% |
| Japan | XX% |
| Australia | XX% |
| Mexico | XX% |
| France | 3.9% |
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Zirconium Oxide: Market Segmentation
Zirconium oxide refers to white crystalline zirconium oxide, frequently known as Zirconia (ZrO2), mainly used in the manufacturing of modern ceramics. Zirconium oxide has good chemical and corrosion inertness. It also has solid mechanical strength and wears resistance at high temperatures. It is used as an essential refractory material because of its physical, chemical, and mechanical properties. It also finds uses in insulation, enamels, and abrasive processing.
Based on type, the market can be divided into:
- Electro Fused
- Chemical
| CAGR 2024-2032 - Market by | End Use |
| Electro Fused | 5.8% |
| Chemical | XX% |
Zirconium oxide finds wide applications in the following sectors:
- Medical Products
- Optical Fibres
- Automobiles
- Industrial Catalysts
- Electronics
- Paints
- Fuel Cells
- Aviation Engines
- Jewellery
- Ceramics
- Others
| CAGR 2024-2032 - Market by | Type |
| Medical Products | 5.6% |
| Optical Fibres | 5.2% |
| Automobiles | 4.7% |
| Industrial Catalysts | XX% |
| Electronics | XX% |
| Others | XX% |
The regional markets for zirconium oxide can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
| CAGR 2024-2032 - Market by | Region |
| Asia Pacific | 5.8% |
| North America | 4.8% |
| Europe | XX% |
| Latin America | XX% |
| Middle East and Africa | XX% |
| 2023 Market Share by | Country |
| Canada | 3.5% |
| USA | XX% |
| UK | XX% |
| Germany | XX% |
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Rising Ceramic Industry Bolstering the Market Growth of Zirconium Oxide
The growing ceramics industry is significantly driving the industry growth. Zirconium oxide provides excellent strength to ceramic materials. Since zirconium oxide is highly inert chemically, ceramics are able to withstand attacks from various acids, bases, and organic solvents, making them an ideal choice for producing various forms of ceramics, including advanced ceramics, decorative ceramics, and conductive ceramics. Besides, zirconium oxide is widely used for new applications, such as in high-performance knives, scissors, and various other industrial applications, which is expected to further boost the market growth in the coming years. The growing demand from the electronics sectors is expected to further boost the market growth in the coming years.
Key Industry Players in the Global Zirconium Oxide Market
The report gives a detailed analysis of the following key players in the global zirconium oxide market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, investments, expansions of capacity, and plant turnarounds:
- Saint-Gobain ZirPro
- Imerys S.A.
- Tateho Chemical Industries Co., Ltd.
- Luxfer MEL Technologies
- Astron Limited
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
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| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Zirconium Oxide Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global zirconium oxide market is projected to grow at a CAGR of 5% between 2024 and 2032.
The market is being driven by the rising demand for ceramics in various sectors, the increasing applications of zirconium oxide in high-performance knives and scissors, among other industrial applications, the growing dental sector, and the discovery of new mines in the Asia Pacific region.
The key trends guiding the market growth include the growing demand of zirconium oxide in the nuclear energy sector and advancements in the production process of zirconium oxide.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading types of zirconium oxide in the market are electro fused and chemical.
Medical products, optical fibres, automobiles, industrial catalysts, electronics, paints, fuel cells, aviation engines, jewellery, and ceramics, among others, are the major applications of zirconium oxide.
The major players in the market are Saint-Gobain ZirPro, Imerys S.A., Tateho Chemical Industries Co., Ltd., Luxfer MEL Technologies, and Astron Limited, among others.
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