Global Zirconium Silicate Market Analysis Report 2023: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, 2015-2035
PR Newswire
DUBLIN, March 23, 2023
DUBLIN, March 23, 2023 /PRNewswire/ -- /PRNewswire/ -- The "Global Zirconium Silicate Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, 2015-2035" database has been added to ResearchAndMarkets.com's offering.
The global Zirconium Silicate market has expanded to reach approximately 1000 thousand tonnes in 2021 and is expected to grow at a healthy CAGR of 4.84% during the forecast period until 2035. The applications of ceramics are anticipated to rise and expand in the future, likely to swell the demand for Zirconium Silicate in the forecast period of 2035.
The primary market driving factor of Zirconium Silicate is for producing ceramics and giving them shiny glaze and superior durability. Ceramics are used in traditional applications like tiles, toilet seats, floors, and roofs in advanced engineering applications.
Moreover, using Zirconium Silicate in refractory products gives them high durability, resistance to corrosion, and thermal stability. Refractory products are employed in furnaces and reactors to manufacture crucibles for casting metals and flame-detecting systems of rockets. Thus, the refractory industry is another leading fragment that further contributes to the demand for Zirconium silicate. The global Zirconium Silicate market will most likely reach 2000 thousand tonnes by 2035.
Based on region, North America is dominating the Zirconium Silicate market, followed by Europe and Asia Pacific region. In 2021, North America accounted for consumption of approximately 30% of the market. However, the rise in construction activities in the Asia Pacific region will create an ample demand for the ceramics and chemical sector, anticipated to propel the demand for Zirconium Silicate in the forecast period.
Moreover, the giant producers of Zirconium are located in the Asia Pacific region. Australia is leading in terms of producing Zirconium Silicate. The largest source of zircon in the world is in Queensland, Australia. The source is the deposits on Queensland's North Stradbroke Island, with an abundance of heavy mineral soils. However, in the future, due to a decrease in the volume of these sands, the output is anticipated to fall.
Based on the end-user industry, the global Zirconium Silicate market is segregated into Ceramic Industry, Chemicals, Foundry, Refractories, and Others. Among these, the Ceramic Industry dominates the Zirconium Silicate market, accounting for nearly 40% of global consumption in 2021.
This industry is anticipated to maintain its position owing to its heavy usage in the construction of public infrastructure and domestic households. Moreover, Refractories is the second largest consumer of the zirconium silicate market.
Objective of the Study:
- To assess the demand-supply scenario of Zirconium Silicate which covers production, demand and supply of Zirconium Silicate market in the globe.
- To analyse and forecast the market size of Zirconium Silicate
- To classify and forecast Global Zirconium Silicate market based on end-use and regional distribution.
- To examine competitive developments such as expansions, mergers & acquisitions, etc., of Zirconium Silicate market in the globe.
Major players in the production of Global Zirconium Silicate are
- Iluka Resources Limited
- Tronox Ltd
- Sheffield Resources Ltd
- Mineral Deposits Ltd
- Mineral commodities Ltd
- World Titanium Resources Ltd (WTR)
- Kenmare Resources plc
- Iluka Resources Limited
- India Rare Earth Limited.
- V.V Minerals.
- MZI resources Ltd.
Years considered for this report:
- Historical Period: 2015 - 2021
- Base Year: 2021
- Estimated Year: 2022
- Forecast Period: 2023-2035
Key Topics Covered:
1. Capacity By Company
- On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Zirconium Silicate.
2. Capacity By Location
- To better understand the regional supply of Zirconium Silicate by analyzing its manufacturers' location-based capacity.
3. Production By Company
- Study the historical annual production of Zirconium Silicate by the leading players and forecast how it will grow in the coming years.
4. Demand by End- Use
- Discover which end-user industry (Ceramic Industry, Chemicals, Foundry, Refractories, and Others) are creating a market and the forecast for the growth of the Zirconium Silicate market.
5. Demand by Region
- Analyzing the change in demand of Zirconium Silicate in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
6. Demand by Sales Channel (Direct and Indirect)
- Multiple channels are used to sell Zirconium Silicate. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
7. Demand-Supply Gap
- Determine the supply-demand gap to gain information about the trade surplus or deficiency of Zirconium Silicate.
8. Company Share
- Figure out what proportion of the market share of Zirconium Silicate is currently held by leading players across the globe.
For more information about this database visit https://www.researchandmarkets.com/r/mznk3c
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