Demand the world of cironi
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Information on the world market of zirconium in 2017
A new global report on zirconium from Global Industry Analysts Inc. Predicts that by 2017 the world market will reach 2.6 million tons. The rapid growth of the world nuclear sector will lead to a high demand for zirconium and a simultaneous increase in production capacity. In addition, the growing demand from the Asia-
Pacific region (including China), and the growth in the production of ceramic tiles worldwide are key growth drivers.
Zirconium oxide or zirconia is used in high-performance, high-value, low-volume industries. Zirconium is present in various industrial and consumer products, such as cosmetics, waterproof clothing, optical fibers and medical products. Due to the relatively low supply of material in relation to other zirconium chemicals, zirconium can affect the price increase.
The US is still the largest producer and consumer of fused zirconium, while Japan is the second largest consumer. In recent years, the world zirconium market has faced a number of problems that hinder the growth of the market to a large extent. The global economic turmoil that smoothed the global industrial sector during 2008 and 2009 seriously affected the zirconium market, especially during 2009. The crisis led to excessive demand for mineral resources.
Despite significant production cutbacks on the part of producers, the market is expected to recover quickly and ensure a steady growth in the coming years amid a sharp increase in demand for mineral resources in the Asia-Pacific region, the world’s largest consumer of zirconium. Also,
The exploration of new mine reserves will increase consumption in the end-use sectors.
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Prospects of application
Ceramics, including utensils, plumbing and tiles, is the largest end-use market for zirconium. Zirconium is used as an opaque material for ceramic products, including sanitary ware, floor and wall tiles and utensils.
Refractory and foundry sectors are the following leading markets for zirconium. Moderate growth in demand for zirconium is also noted in the foundry industry.
Zirconium is also used as a glass component of the front panel of TVs and computer monitors due to the successful characteristics of radiation absorption. Ceramics continues to maintain superiority as the largest consumer.
However, the use of zirconium in the television glass industry will be reduced because of the growing preference for new display methods, such as liquid crystal displays / thin-film transistors.
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