17-Mar-2020 | Zion Market Research
According to researchers from Zion Market Research, the global consumption of zirconium dioxide is expected to reach over 2.7 kilo tons by the end of 2025. The increasing zirconium dioxide nanoparticles requirement from electronics and paints & coatings industries is likely to boost the market growth. In 2017, the worldwide coatings market size exceeded USD 150 billion due to construction spending that represents healthy augmentation prospects. These products provide higher chemical stability, strength, microbial & corrosion resistance, and an ideal natural color that amplifies its desirability for high-temperature electronic applications.
Some of the leading players in the global zirconium dioxide market share are Zircomet, American Elements, Tosoh Corp., Saint-Gobain ZirPro, H.C. Starck, Showa Denko, and Jiangxi Kingan Hi-Tech Company. Several industry contenders are involved in developing innovative products to develop their product portfolio, present novel functionality, and attract more customers.
Increased Need Of Products In Electronic Displays And Protective Coatings Likely To Boost Zirconium Dioxide Market Growth
The increasing product adoption in automotive and aviation protective coatings is estimated to uphold market growth. This material shields metallic surfaces from long-drawn-out exposure to extreme temperatures that make it perfect for different engine components like pistons, cylinder heads, and exhaust manifolds. During 2018, automotive market size anticipated consumption at approximately 95 million vehicles worldwide that represent incredible growth potential. The increasing consumer preference toward aesthetic & attractive vehicles and desire to augment vehicle longevity is expected to fuel industrial growth.
The global zirconium dioxide market is categorized on the basis of types of zirconium dioxide products, used downstream field, and geographical analysis. Based on the important kinds of zirconium dioxide products the market is segmented into ultrafine zirconium oxide, industrial zirconium oxide, and others. Based on the most widely utilized downstream fields of zirconium dioxide the market is divided into ceramics, stabilizers, and others.
Booming Dental Implants Industry In North America To Impel The Global Zirconium Dioxide Market
Based upon geography, the global zirconium dioxide market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Zirconium demand in the North America market—driven by Canada, Mexico, and the U.S.—should register more than 3.5% earnings during the forecasted period due to the presence of a flourishing dental implants industry. The region is reporting a surge in health awareness, an increased number of dental practitioners and augmenting consumers’ focus on aesthetic appeal that is likely to boost product adoption. Zirconium dioxide market in Europe exceeded USD 22.5 million during 2018 owing to the increasing demand for medical ceramics. Whilst, zirconium dioxide industry in the Asia Pacific region—led by India, China, and Japan—is anticipated to surpass USD 25 million by the end of 2025.
Browse the full “Zirconium Dioxide Market - By Product Type (Industrial Zirconium Oxide, Ultrafine Zirconium Oxide, and Others), By Most Widely Used Downstream Field (Ceramics, Stabilizer, and Others), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/zirconium-dioxide-market
The global zirconium dioxide market is segmented as follows:
By Product Type
By Most Widely Used Downstream Field
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