Global Zirconium Oxide Market to Grow at a Healthy Pace During 2021-2026, Aided by the Rising Demand from the Ceramic Industry

The global market for zirconium oxide is primarily being driven by the rising application of the product in the ceramic industry. Zirconium oxide is suitable for the manufacture of electro-ceramics and electrochromic equipment and has suitable ionic conductivity and low electronic conductivity. Zirconium oxide, due to its biocompatibility, resilience, and appearance, is used extensively as a dental ceramic for the crowning of teeth. Since zirconium oxide is chemically inert, ceramics can withstand acid, base, and organic solvents attacks, making it the suitable choice for the production of various kinds of ceramics, including advanced technical ceramics, decorative ceramics, as well as conduction ceramics, among others.

The growing competition among the key players is driving the growth of the industry. In January 2020, Imerys SA (IMYSF: OTC US), one of the key players, the company announced a price rise for its mineral solutions and kiln furniture portfolio. This is projected to impact the ceramics industry and the global zirconium oxide industry. The rising innovation and R&D activities by the key players are expected to boost the market growth. In January 2018, Saint-Gobain ZirPro launched an innovative ceramic powder with superior mechanical performance and enhanced wear, and hydrothermal resistance called UprYZe. Its two grades find application in harsh operating conditions like the oil and gas industry and in mechanically demanding applications. With zirconium oxide finding extensive applications in ceramics, such developments are expected to influence the market growth positively.

Market Analysis by Type, Application, and Region:

• The types of the product can be divided into electro fused and chemical.
• The product finds extensive applications in medical products, optical fibres, automobiles, industrial catalysts, electronics, paints, fuel cells, aviation engines, jewellery, and ceramics, among others.
• The regional markets for zirconium oxide include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The industry is primarily being driven by the rising demand from the ceramic industry.
• The rising demand from the end-use sectors is propelling the growth of the market.
• The rising demand for automobiles is also boosting the growth of the zirconium oxide industry.
• The product is widely being demanded in the medical sector for various purposes, which is further adding to the market growth.

Key Offerings of the report:

• The EMR report gives an overview of the global market for zirconium oxide for the periods (2016-2020) and (2021-2026).
• The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the types, applications, and major regions of zirconium oxide.
• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global zirconium oxide market are Saint-Gobain ZirPro, Imerys S.A., Tateho Chemical Industries Co., Ltd., Luxfer MEL Technologies, and Astron Limited, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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