Global Zirconia Ceramics Market: Introduction
Zirconia ceramics offer better strength, wear resistance and flexibility than most technical ceramics and hence are one of the most commonly used ceramics. Zirconia ceramics are preferred by end-use industries like medical, construction, defense, aerospace, general-engineering to name a few due to its properties like low thermal conductivity, electrical insulation, high density, excellent wear resistance, and high modulus of elasticity.
Global Zirconia Ceramics Market: Overview
Based on the form the global zirconia ceramics market has been segmented into zirconia ceramic balls, zirconia ceramic beads, zirconia ceramic rods, zirconia ceramic tubes and others. Zirconia ceramic balls possess properties like high wear-resistance, corrosion resistance, high strength, high rigidity, high toughness and high hardness and hence find their uses in applications like valves, pumps, special bearing, non-return valves and instruments like flow-meters, gyroscopes etc. Zirconia ceramic beads are widely used in dispersion and ultra-fine grinding of non-metallic minerals, coatings, paints, electronic materials, inks, magnetic materials etc. Based on the end-use industry the global zirconia ceramics market has been segmented into mining, general engineering, textile, medical, paper industry, aerospace, construction, defense and others. Due to very low thermal conductivity of zirconia ceramics it is used as a thermal barrier coating in diesel and jet engines operating at high temperatures. Zirconia ceramics are used to produce dental frameworks for dental substructures like crowns and bridges. Zirconia-based ceramics are also used as tools for wire forming, as auxiliaries in welding processes, insulation rings, and as oxygen measurement cells.
Global Zirconia Ceramics Market: Trends & Developments
The growing use of zirconia ceramics as an alternative to metals and plastics, and their rising demand in dental and medical industry for dental implants and joint implants is expected to drive the market for zirconia ceramics. Increasing urbanization, booming economy, and the resulting demand for zirconia ceramic based construction materials like tableware, sanitary ware, floors and wall tiles is also expected to drive the global zirconia ceramic market.
Global Zirconia Ceramics Market: Regional Outlook
Based on region, the global zirconia ceramics market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The U.S. is expected to be the biggest market for zirconia ceramics market as it is the largest producer and consumer of zirconium dioxide. The zirconia ceramics market in Asia-Pacific is well established and has a vast distribution network. China is forecasted to lead the Asia-Pacific zirconia ceramics market by 2026, owing to its large manufacturing base. In China the robust manufacturing industry coupled with the fast growing construction activities in the region is expected to drive the Asia-Pacific market for zirconia ceramics market. The Indian market for zirconia ceramics is projected to grow at the highest CAGR in the Asia-Pacific region during the forecasted period. Europe is also forecasted to witness healthy growth owing to the growing demand for zirconium ceramics across diverse industries.
Global Zirconia Ceramics Market: Key Players
Key players operating in the global zirconia ceramics market include International Ceramic, Inc., Bango Alloy Technologies Co., Ltd, Xiamen Innovacera Advanced Materials Co. Ltd, Ceramdis GmbH, CoorsTek, Inc. Shandong Goldensun Zirconium Industry Co., Ltd., Imerys Fused Minerals
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.