The global zirconium market is forecast to grow at a CAGR of 6.91% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: that technological advances 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 colors 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 this market's growth during the forecast period.
According to the 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.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- Iluka Resources
- Cristal Mining (formerly Bemax Resources)
- Luxfer Group
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Segmentation by end-use
PART 07: Segmentation by product type
PART 08: Segmentation by application
PART 09: Segmentation by geography
PART 10: Key leading countries
PART 11: Market drivers
PART 12: Impact of drivers
PART 13: Market challenges
PART 14: Impact of drivers and challenges
PART 15: Market trends
PART 16: Vendor landscape
PART 17: Appendix
PART 18: About the Author
For more information about this report visit http://www.researchandmarkets.com/research/sc3dsb/global_zirconium
Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets