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Global Zirconium Market to grow at a CAGR of 6.91% during 2016-2020

Press Release   •   Jan 10, 2017 05:44 EST

About Zirconium

Zirconium (Zr) is a grayish-white chemical element sourced from mineral zircon (ZrSiO4) sand. It is strong, ductile, malleable, and extremely resistant to heat and corrosion by other agents in nature. It is very weak in absorbing thermal neutrons. Therefore, zirconium alloys are used in fuel cladding. Zirconium is widely used in various applications such as ceramics, chemicals, refractory, foundry, and television glass.

By volume, Technavios analysts forecast the global zirconium market to grow at a CAGR of 6.91% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global zirconium market for 2016-2020. 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).

The market is divided into the following segments based on geography:




Technavio's report, Global Zirconium Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors

Alkane Resources

Exxaro Resources

Iluka Resources

Kenmare Resources

Richards Bay Minerals (RBM)


Other prominent vendors



Cristal Mining (formerly Bemax Resources)

Luxfer Group



Market driver

Demand from nuclear power sector

For a full, detailed list, view our report

Market challenge

Volatile raw material prices

For a full, detailed list, view our report

Market trend

Increase in demand from new application areas

For a full, detailed list, view our report

Key questions answered in this report

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?