World Zirconium Market to Grow at 6.91% CAGR to 2020

PUNE, India, October 20, 2016 /PRNewswire/ --

2016 global zirconium market research says that technological advance is one of the trends spurring growth for the market. In recent years, technological progressions have helped to increase the quality of zirconium enormously. This allows manufacturers to produce zirconium products in different varieties, shapes, and colours for different applications. Zirconium alloys are extensively used as materials for cladding nuclear fuel and are used to make water-cooled nuclear reactors where technology plays a very crucial role. Zirconium technology helps manufacturers build nuclear grade zirconium material and develop a wide variety of components for water-cooled nuclear power plant projects, which will contribute to zirconium market growth during the forecast period.

Complete report on zirconium market spread across 61 pages, analyzing 6 major companies and providing 42 data exhibits now available at http://www.reportsnreports.com/reports/714759-global-zirconium-market-2016-2020.html.

The analysts forecast global zirconium market to grow at a CAGR of 6.91% during the period 2016-2020. According to the zirconium market report, augmented demand from ceramics industry is a key driver aiding to the growth of this market. The global ceramics industry is expected to grow at a rapid rate during the forecast period. This industry is primarily driven by the construction industry. The residential segment of the construction industry uses ceramics in sanitary ware, ceramic tiles, table and ornamental ware, bricks, and pipes. Moreover, the growth in housing prices over the last few years indicates the growing investment in the housing market by consumers. This implies that there is ample opportunity for the growth of the ceramics industry, which is a key end-user segment of the zirconium market.

The zirconium market for chemicals is expected to grow at the fastest rate during the forecast period. Zirconium chemicals are primarily used in applications such as automobile and industrial catalysts, ware materials, dielectric and piezoelectric devices, oxygen sensors, and fuel cells. These are also used for surface coating of paper and cardboard. These chemicals are popular for low levels of environment pollution.

APAC is the fastest growing zirconium region in the market and will continue its dominance during the forecast period. The high growth rate of zirconium market in APAC can be attributed primarily to the increase in demand from emerging countries such as China and India. Countries like Japan, Indonesia, and Australia are the other major contributors to zirconium market, in terms of stable consumption for zirconium.

The following companies are the key players in the global zirconium market: Alkane, Exxaro, Iluka Resources, Kenmare, RBM, and Tronox. Other prominent vendors in the market are: Astron, Chemours, Cristal Mining (formerly Bemax Resources), Luxfer Group, Molycorp, and Titanium. Order a copy of Global Zirconium Market 2016-2020 report @ http://www.reportsnreports.com/purchase.aspx?name=714759.

Global Zirconium Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. To calculate the market size, the report considers the revenue generated through the sale of zirconium for end-uses such as ceramics, chemicals, foundry, refractories and others (zirconia, television glasses, and construction of nuclear plants).

Another related report is Global Technical Ceramics Market 2016-2020, increased use of technical ceramics in high-temperature applications will be a key driver for market growth. Lightweight and low conductive technical ceramics are used in insulation applications to conserve energy by preventing heat loss from furnaces and kilns. These materials help in saving more than 21% of the energy, thereby reducing overall operational costs. The industrial sector accounts for more than 30% of the total fuel consumption globally. Browse complete report @ http://www.reportsnreports.com/reports/664445-global-technical-ceramics-market-2016-2020.html.

Explore other new reports on Advanced Materials Market @ http://www.reportsnreports.com/market-research/advanced-material/.

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