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Zirconium Market Share

Report ID: GMI7082
Published Date: Oct 2023
Report Format: PDF

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Zirconium Market Share

Major players operating in the zirconium industry include:

Iluka Resources Limited
Tronox Holdings plc
Eramet
Kenmare Resources PLC
Rio Tinto Group
Wanhua Chemical Group
BASF SE
Huntsman International LLC
Evonik Industries AG
Dow Chemical Company
Momentive Performance Materials Inc.
Carpenter Co.
King Industries, Inc.
MOFAN POLYURETHANE CO., LTD.
Umicore

Tronox Holdings plc and Tronox Holdings plc have captured substantial market shares in the Asia-Pacific market, driven by companies in the Asia-Pacific region, driven by the surging demand for zirconium products, particularly in China and India. The Asia-Pacific region, the world's largest market, is poised for continued growth due to rapid economic development, urbanization, and increasing demand across industries such as nuclear power, chemicals, ceramics, and aerospace. As leading producers, Tronox Holdings plc and Tronox Holdings plc are well-positioned to cater to this escalating demand in the region.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Zirconium industry size was worth around USD 1,780.1 million in 2022 and is estimated to reach USD 3,668.9 million by 2032 driven by rising demand from the nuclear sector and the increasing utilization in ceramics.

The zirconium metal segment generated USD 686.6 million in revenue in 2022 and is expected to witness high demand from 2023-2032 owing to their increasing application in the production of ceramics, refractories, and foundry materials.

U.S. zirconium market size was USD 406.9 million in 2022 and is anticipated to expand significantly during 2023-2032 attributed to the presence of robust nuclear sector and the increasing demand in ceramics across the country.

Some of the prominent zirconium industry players include Iluka Resources Limited, Tronox Holdings plc, Eramet, Kenmare Resources PLC, Rio Tinto Group, Wanhua Chemical Group, BASF SE, Huntsman International LLC, and Evonik Industries AG