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Zirconium dioxide (Zirconia) is a white crystalline mineral powder with high corrosion, temperature, and abrasion resistance. It does not contain any toxic material, and therefore its waste is easy to dispose. Because of its properties, it is mostly used in the production of materials such as ceramics in the military, aerospace industries, and electronics. Also, it is used in many commercial and industrial products such as diamonds, bricks, and armor plates.
Increasing demand for ceramics and electronics equipment is a key factor in expanding the market. Zirconium dioxide offers good microbial resistance, high strength, and chemical stability. Such properties make it ideal for the production of ceramics and electronic equipment which boosts zirconium dioxide market. Another driving factor for the expansion of zirconium dioxide market is the increasing demand in jewelry, paints and lacquers, dental & biomedical, and other applications.
However, zirconium dioxide has several health risks. This chemical is on the right-to-know hazardous substance list. Zirconium dioxide sometimes irritates the eyes; continuous contact can cause skin allergy. Because of these health risks, zirconium dioxide market may get hindered during the forecast period. Key market players focus on developing value-added products to compete with their industry rivals. They are also engaged in increasing their geographic footprint and strategic expansion.
The covid-19 pandemic affected the zirconium dioxide market. The pandemic outbreak disrupted production activities and supply chains across the automotive and electronic sectors globally. COVID-19 has forced various end-use industries to shut down, temporarily reducing zirconium dioxide demand. The manufacturing plant and factories shut down due to the pandemic, adversely affecting the market. However, the gradual upliftment of restrictions and restoration of businesses are expected to grow the zirconium dioxide market.
The report will cover the following key insights:
The zirconium dioxide market has been segmented into yttria partially stabilized zirconia, magnesia partially stabilized zirconia, and others. Yttria Partially Stabilized Zirconia segment expected to grow significantly in coming years. It is widely used in ceramics. This material has high strength, toughness, wear resistance, low conductivity and good thermal shock. Due to these properties it is used in many applications including valves and pumps which boosts the zirconium dioxide market.
Based on application, the zirconium dioxide market has been segmented into ceramics, refractory products, dental, automotive, electronics, jewelry and others. Zirconium dioxide is used in the automotive industry due to its high thermal shock and corrosion resistance. Due to increasing growth in the automotive industry, the demand for zirconia is expected to rise. Zirconia-based materials are mostly used in dental applications due to their durability and biocompatibility. Zirconia dental implants and bridges are becoming more popular as this material offers advantages over traditional materials such as porcelain and metal. Due to its high-temperature stability, chemical inertness, high heat resistance, and corrosion resistance which boosts the zirconia market.
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By region zirconium dioxide market has segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Among these, Asia Pacific is expected to gain the fastest growth rate and major share during the forecast period, led by India, China, and Japan. The region is witnessing significant investment in the ceramic and automobile industry. Manufacturing advancements in the ceramic industry and in aerospace industry are the key factors boosting the market. Expanding construction sector and government capital investment in public infrastructure should propel market growth.
North America and Europe are projected to gain positive growth during the forecast period. Zirconium dioxide is used in dentistry especially for crowns, bridges, implants, veneers, and orthodontic brackets. Increasing number of dental clinics should boost the zirconium dioxide market in these regions. The market in the Middle East & Africa region is expected to grow slowly during the forecast period.
The report will include the profiles of key players such as Zircomet, Saint-Gobain ZirPro, Tosoh Corp., Ivoclar Vivadent, Jiangxi Kingan Hi-Tech Company, Mingrui Ceramic Tech, Otto Chemie Pvt. Ltd., Vizag Chemical International, CUMI EMD, and Shandong Xinhua Pharma.
By Type | By Application | Regional Analysis |
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