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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
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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