Zirconium Market

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Zirconium Market - Global Industry
Analysis, Size, Share, Growth, Trends
and Forecast 2016 - 2024
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REPORT DESCRIPTION
The global zirconium market is recovering from the decline it faced over the last decade. By the end of 2016, the
market had indicated a slow but steady growth as the demand is set to stabilize in the future.
The global market for zirconium is analyzed on the basis of its geographical distribution. North America, Europe, Asia
Pacific, and the Rest of the World are the key regional markets for zirconium.
The research report provides a comparative analysis of the global zirconium market, including qualitative as well as
quantitative evaluation of each segment of this market. The market study also evaluates the market dynamics and
prevalent trends such as the growth drivers, limitations, and prospects influencing the current performance and the
future status of this industry.
Overview of the global zirconium market
The performance of the global zirconium market is dependent upon the movement in the ceramic industry, as
zirconium derives most of its demand from the global ceramics market. The foundry, refractory, and electronics
industries are the other major consumers of zirconium.
Zirconium is a strong, malleable, and ductile metal that possesses extreme resistance to heat and corrosion. This
silver-grey metal is derived from mineral zircon sand. Its resistance to absorption of neutrons makes it useful for
cladding of nuclear fuel.
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In terms of demand, the zirconium market in Asia Pacific led the global zirconium market in 2012. Demand from this
region is expected to rise on account of the rising demand from end-use industries such as medical and healthcare,
ceramics, and construction. Asian economies such as Japan, China, India, and South Korea are expected to be the
major consumers of zirconium during the forecast period.
The zirconium market in North America stood second in 2012. The market in the U.S. is the leading consumer of
zirconium in North America, due to rising demand from the nuclear energy and ceramics industries.
The market in Europe held the third position in the global zirconium market. Economies such as Turkey, Spain, and
Italy are the key consumers of zirconium in Europe.
Lastly, the market for zirconium in the Rest of the World is expected to exhibit significant potential for growth in the
coming years. South Africa dominates the zirconium market in the Rest of the World segment.
Browse the Exclusive “Zirconium Market - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast 2016 – 2024” Report at :
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Overall, the global zirconium market is set to exhibit steady growth in the future, but the high price of zirconium and
the health issues associated with it are expected to create major hindrances for the development of this market.
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The market for zirconium was mainly driven by increasing demand from ceramics market. The ceramic market consists of floor and wall tiles, tableware and sanitary ware.The Rest of the World market is likely to show greater potential for the zirconium market in upcoming years. Zirconium market is dominated by South Africa and Australia which hold huge reserves for the mineral. Download the Exclusive Report Sample Here :http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2151