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Zircon Market Size, Share, Trends & Growth | Report 2031

Zircon Market

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Segments - 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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Author :

Riddhesh Dani

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Harneet Meher

Editor :

Shruti Bhat

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.

Attributes	Details
Report Title	Zircon Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
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)
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; 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

Alkane
Exxaro
Iluka Resources
Kenmare
RBM
Tronox
Astron
Zircon Corporation
Chemours
Cristal Mining
Luxfer Group
Molycrop

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.

Table Of Content

1. Executive Summary
2. 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 (000â€™ 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

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