Zirconium Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

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Zirconium Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019 Zirconium is a lustrous, metal majorly used as opacifier and refractor. Zirconium forms variety of organo-metallic and inorganic compounds such as zircocene dichloride and zirconium dioxide. Zirconium dioxide is also known as Zirconia. The crystalline structure of zirconia is called as baddeleyite. Zirconia can be made available in three phase viz. monoclinic phase, tetragonal phase and cubic phase. The cubic phase can be used in protective coatings, dentistry and jewelry among others. The market for zirconium was mainly driven by increasing demand from ceramics market. The ceramic market consists of floor and wall tiles, tableware and sanitary ware. Zirconia finds applications in other end-user markets such as foundry and refractory sectors. In addition, there is growing demand from electronics sector. Zirconium is also used in nuclear and biomedical applications. Increasing demand for advanced materials from various end-users such as aerospace market is likely to provide opportunities for zirconium market in near future. However, high price and health issues can be a major restraint for the market. In terms of demand, Asia Pacific was the leading consumer in zirconium market. The demand in this region is likely to grow due to increasing demand for zirconium from end-user industries such as ceramics, medical & healthcare and construction. The demand is likely to grow from Asian countries such as India, China, Japan and South Korea. Asia Pacific was followed by North America. The U.S. leads the demand for zirconium owing to rise in demand from ceramics and nuclear energy market. European market had the third largest share for zirconium market. The demand in this region is growing due to huge demand from ceramic industry. European countries such as Spain, Turkey and Italy are the major consumers of zirconium. The Rest of the World market is likely to show greater...