Global Zirconia Market
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- Published date: June 11, 2021
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- Pune, Angarpathar, Jharkhand, India
Global Zirconia Market was valued at USD 5.11 Bn in 2019 and is expected to reach at USD 7.68 Bn by 2027 at a CAGR of xx% over forecast period 2020-2027.Global Zirconia Marketgj
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Zirconia is a white crystalline oxide of zirconium. Zirconia is produced by calcining zirconium compounds, exploiting its high thermal stability. The major factors such as the consistent growth in foundries and refractories, growth of nuclear power stations in Asia-Pacific, and the accelerating usage in surface coatings. Moreover, exploration of new mine reserves is expected to influence the consumption of zirconium oxide across the end-use sectors.
Increasing utilities in numerous applications such as medical products, optical fibres and waterproofing clothing, demand as an opacifier in ceramic applications including sanitary ware, floor and wall tiles, and tableware are boosting the growth of zirconia market.
Factors such as volatility in the prices of zirconium coupled with shortage in supply are restraining the market growth over forecast period.
Global Zirconia Market is segmented by forms by applications and by region. By applications, ceramic application market segment held highest market share in 2019 and is expected to keep its dominance over forecast period. The construction industry uses ceramics in sanitary ware, ceramic tiles, table and ornamental ware, bricks, and pipes.
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