Zircon Market Size, Share, Trends & Growth | Report 2031
Zircon Market Size, Share, Trends & Growth | Report 2031
Segments - Zircon Market by Type (Magmatic Zircon, Hydrothermal Zircon, Metamorphic Zircon, and Detrital Zircon), Application (Glass and Construction materials, Luxury and Leisure Products, Metallurgy and Metalworking, and Energy and Raw materials) And Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :MC-697
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| 156 Pages
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Report Description
Zircon Market Outlook 2031
The global zircon market size was valued at USD 1.8 Billion in 2022 and is expected to surpass USD 3.54 Billion by 2031, expanding at a CAGR of 7.8% during the forecast period, 2023–2031. The growth of the market is attributed to increasing demand from the ceramic industry owing to rapid urbanization in emerging economies.
Zircon or zirconii is a mineral that belongs to the group of nesosilicates. It possesses excellent hardness, durability, and chemical inertness. It is generally sourced from sedimentary deposits and is a common constituent of various types of sands. The usage of zircon in various industries including foundry, ceramic, and dental implants is creating future industry possibilities for the zircon market.
Zircon occurs as a common accessory mineral in igneous rocks and metamorphic rocks and as detrital grains in sedimentary rocks. It is heat and corrosion-resistant, while possesses uranium and thorium content. Zircon is mainly utilized as an opacifier and used in the ceramics industry. Furthermore, synthetic zircons which are considered copies of natural zircon are available in stores as the natural zircons are expensive in comparison to the synthetic ones.
The market report finds that the COVID-19 pandemic adversely impacted the market, as the pandemic has halted supply chain management. The lockdown resulted in a breakdown in industrial and economic activities owing to which the market growth was hampered amid the pandemic. Moreover, the restrictions regarding travel, import, and export of goods have impacted the construction projects, impacting the market.
Zircon Market Dynamics
Major Drivers
Increasing number of foundries, refractories, and nuclear power stations is expected to propel the market growth. The use of zircon in various industries including foundry and ceramic owing to their potential to bind with temperatures, sand binders, and others is expected to drive the zircon market growth.
According to the ZIRCON INDUSTRY ASSOCIATION, nearly 54% of zircon is extensively used in the ceramic industry, 14% in the foundry industry, and 11-14% in refractory applications. Thus, with the increased demand for zircon in the industries above, the market is expected to drive in the forecast period.
Existing Restraints
High tariffs, gaps between demand and supply, and stringent mining policies are expected to hamper the zircon market. The availability of alternative high prices of zircon sand is expected to hinder the market. Moreover, several untreated zircons have a smoky or cloudy appearance which is expected to impact negatively on the buyers. Thus, restraining the zircon market growth.
Emerging Opportunities
Rising uses of zirconium alloys for the replacement of steel dental implants and extensive research and development (R&D) activities are expected to create opportunities for the market. With the rising number of dental implants, the demand for zirconium alloys is further boosted during the forecast period. It works well against bacteria compared to other types of metal-based implants.
Research shows that dental implants are expected to increase from 6% to 23% by 2026. Thus, with the growing demand for dental implants, the zircon market is expected to witness opportunities in the coming years.
Scope of Zircon Market Report
The market report includes an assessment of the market, trends, segments, and regional markets.
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Attributes |
Details |
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Report Title |
Zircon Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Type (Magmatic Zircon, Hydrothermal Zircon, Metamorphic Zircon, and Detrital Zircon), and Application (Glass and Construction materials, Luxury and Leisure Products, Metallurgy and Metalworking, and Energy and Raw materials) |
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Regional Scope |
North America, Latin America, Europe, Asia Pacific, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Alkane; Exxaro; IlukaResources; Kenmare; RBM; Tronox; Astron; Zircon Corporation; Chemours; Cristal Mining; Luxfer Group; and Molycorp |
Zircon Market Segment Insights
Type Segment Analysis
Based on type, the gloabl zircon market is divided into magmatic zircon, hydrothermal zircon, metamorphic zircon, and detrital zircon. The magmatic zircon segment is anticipated to account for a considerable market share. Conversely, the metamorphic zircon segment is expected to grow at a substantial rate during the forecast period.
Applications Segment Analysis
Based on application, the global zircon market is segmented into glass and construction materials, luxury and leisure products, metallurgy and metalworking, and energy and raw materials. The glass and construction materials segment accounts for a major market share during the forecast period. Zircon brick has high mechanical strength, sound refractoriness under load, excellent thermal shock stability, high creep resistance, and moderate corrosion resistance. This increases its preference for its usage in the lining of glass furnaces.
Regional Analysis
In terms of region, the global zircon market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific holds a dominant position in the zircon market owing to the rising investments in the construction industry. Moreover, growing foreign investment is anticipated to positively influence the market growth.
Segments
Type
- Magmatic Zircon
- Hydrothermal Zircon
- Metamorphic Zircon
- Detrital Zircon
Application
- Glass and Construction Materials
- Luxury and Leisure Products
- Metallurgy and Metalworking
- Energy and Raw material
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players
Competitive Landscape
Key players operating in the global zircon market include Alkane; Exxaro; Iluka Resources; Kenmare; RBM; Tronox; Astron; Zircon Corporation; Chemours; Cristal Mining; Luxfer Group; and Molycorp. These players engage in collaborations, mergers & acquisitions, agreements, and partnerships to strengthen their geographical presence.
- In May 2023, Zircon Corporation announced a new corporate identity for its parent company, ZRCN Inc. (ZRCN). The new name shows the company's strategic plan to apply its proprietary sensor-based technology to an expanded mix of global markets, including commercial buildings, and others.
Frequently Asked Questions
The key players in the zircon market includes Alkane; Exxaro; IlukaResources; Kenmare; RBM; Tronox; Astron; Zircon Corporation; Chemours; Cristal Mining; Luxfer Group; and Molycorp
The factors including the uses of zircon in the foundry and ceramic industry are boosting the market.
The global zircon market expanding at a CAGR of 7.8% during the forecast period, 2023–2031
The global zircon market size was valued at USD 1.8 Billion in 2022 and is expected to surpass USD 3.54 Billion by 2031
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Zircon Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Zircon Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Zircon Market - Supply Chain
4.5. Global Zircon Market Forecast
4.5.1. Zircon Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Zircon Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Zircon Market Absolute $ Opportunity
5. Global Zircon Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Zircon Market Size and Volume Forecast by Types
5.3.1. Magmatic Zircon
5.3.2. Hydrothermal Zircon
5.3.3. Metamorphic Zircon
5.3.4. Detrital Zircon
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Zircon Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Zircon Market Size and Volume Forecast by Applications
6.3.1. Glass and Construction Materials
6.3.2. Luxury and Leisure Products
6.3.3. Metallurgy and Metalworking
6.3.4. Energy and Raw material
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Zircon Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Zircon Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Zircon Demand Share Forecast, 2019-2026
8. North America Zircon Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Zircon Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Zircon Market Size and Volume Forecast by Types
8.4.1. Magmatic Zircon
8.4.2. Hydrothermal Zircon
8.4.3. Metamorphic Zircon
8.4.4. Detrital Zircon
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Zircon Market Size and Volume Forecast by Applications
8.7.1. Glass and Construction Materials
8.7.2. Luxury and Leisure Products
8.7.3. Metallurgy and Metalworking
8.7.4. Energy and Raw material
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Zircon Demand Share Forecast, 2019-2026
9. Latin America Zircon Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Zircon Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Zircon Market Size and Volume Forecast by Types
9.4.1. Magmatic Zircon
9.4.2. Hydrothermal Zircon
9.4.3. Metamorphic Zircon
9.4.4. Detrital Zircon
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Zircon Market Size and Volume Forecast by Applications
9.7.1. Glass and Construction Materials
9.7.2. Luxury and Leisure Products
9.7.3. Metallurgy and Metalworking
9.7.4. Energy and Raw material
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Zircon Demand Share Forecast, 2019-2026
10. Europe Zircon Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Zircon Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Zircon Market Size and Volume Forecast by Types
10.4.1. Magmatic Zircon
10.4.2. Hydrothermal Zircon
10.4.3. Metamorphic Zircon
10.4.4. Detrital Zircon
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Zircon Market Size and Volume Forecast by Applications
10.7.1. Glass and Construction Materials
10.7.2. Luxury and Leisure Products
10.7.3. Metallurgy and Metalworking
10.7.4. Energy and Raw material
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Zircon Demand Share Forecast, 2019-2026
11. Asia Pacific Zircon Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Zircon Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Zircon Market Size and Volume Forecast by Types
11.4.1. Magmatic Zircon
11.4.2. Hydrothermal Zircon
11.4.3. Metamorphic Zircon
11.4.4. Detrital Zircon
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Zircon Market Size and Volume Forecast by Applications
11.7.1. Glass and Construction Materials
11.7.2. Luxury and Leisure Products
11.7.3. Metallurgy and Metalworking
11.7.4. Energy and Raw material
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Zircon Demand Share Forecast, 2019-2026
12. Middle East & Africa Zircon Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Zircon Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Zircon Market Size and Volume Forecast by Types
12.4.1. Magmatic Zircon
12.4.2. Hydrothermal Zircon
12.4.3. Metamorphic Zircon
12.4.4. Detrital Zircon
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Zircon Market Size and Volume Forecast by Applications
12.7.1. Glass and Construction Materials
12.7.2. Luxury and Leisure Products
12.7.3. Metallurgy and Metalworking
12.7.4. Energy and Raw material
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Zircon Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Zircon Market: Market Share Analysis
13.2. Zircon Distributors and Customers
13.3. Zircon Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Alkane
13.4.2. Exxaro
13.4.3. Iluka Resources
13.4.4. Kenmare
13.4.5. RBM
13.4.6. Tronox
13.4.7. Astron
13.4.8. Zircon Corporation
13.4.9. Chemours
13.4.10. Cristal Mining
13.4.11. Luxfer Group
13.4.12. Molycrop
Methodology
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