The global zircon market size is projected to expand at a substantial CAGR during the forecast period, 2021 – 2028. The growth of the market is attributed to increasing demand from the ceramic industry owing to rapid urbanization in emerging economies.
Zircon is a mineral that belongs to the group of nesosilicates..It generally occurs in silicate form. Zircon possess excellent hardness, durability, and chemical inertness. It is generally sourced from sedimentary deposits and is a common constituent of various types of sands. Its chemical name is zirconium silicate and its chemical formula is ZrSiO4. Zircon is primarily available in sand and gems form.
The crystal structure of zircon is tetragonal. It occurs in various color such as yellow-golden, red, brown, blue, and green. Zircon occurs as a common accessory mineral in igneous rocks, metamorphic rocks, and as detrital grains in sedimentary rocks. It is heat and corrosion resistant, while possess uranium and thorium content. Zircon is mainly utilized as an opacifier and used in the ceramics industry.
The report on the global zircon market research report includes an assessment of the market, trends, segments, and regional markets.
Attributes |
Details |
Report Title |
Zircon Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Types (Magmatic Zircon, Hydrothermal Zircon, Metamorphic Zircon, and Detrital Zircon), Applications (Glass and Construction materials, Luxury and Leisure Products, Metallurgy and Metalworking , and Energy and Raw materials) |
Regional Scope |
North America, Latin America, Europe, Asia Pacific and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Alkane, Exxaro, Iluka Resources, Kenmare, RBM, Tronox, Astron, Chemours, Cristal Mining, Luxfer Group, and Molycorp |
Magmatic zircon to accounts a considerable market share
Based on types, the 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.
Glass and construction materials segment to account a major market share
Based on applications, 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 to account 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 lining of glass furnace.
Asia Pacific to dominate the market
In terms of regions, the global zircon market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific to hold 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.
Key players operating in the global zircon market includes Alkane, Exxaro, Iluka Resources, Kenmare, RBM, Tronox, Astron, Chemours, Cristal Mining, Luxfer Group, and Molycorp.
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