Zirconia, also referred to as zirconium dioxide, is a white crystalline oxide of zirconium. Zirconia is synthesized in various colors for use as a gemstone or a diamond simulant. It is a widely used ceramic oxide. Its applications range from use in the production of ceramics, to several other uses such as a protective coating on particles of titanium dioxide pigments, as a refractory material, and in insulation, abrasives and enamels. Zirconia is a highly useful type of electroceramics, owing to its ability to allow oxygen ions to move freely through the crystal structure at high temperatures. It is also used as solid electrolyte in electrochromic devices. Zirconia is a precursor to the electroceramic lead zirconate titanate, which is a high-K dielectric, found in myriad components. Zirconia is used in tooth crowns to complete the restoration of missing teeth, and to strengthen the weak teeth with a precaution to prevent it from further decay.
Zirconium nanoparticles are used in solid oxide fuel cells and in nitrogen oxide, oxygen gas sensors. The fully stabilized ZrO2 nanoparticles, attributed to their high oxygen ion transport capabilities and long-term stability, are well-suited for high temperature energy conversion systems. They are available in the form of nanodots, nanofluids, and nanocrystals having a white surface area. They are often doped with yttrium oxide, or magnesia. These nanoparticles appear in the form of a white powder. The applications of zirconium oxide nanoparticles are: in ceramics to make ceramic pigments, porcelain glaze to make artificial jewelry, and to make abrasive, insulating, and fire-retarding materials. The powder exhibits pyro optical properties; therefore, it is used for optical storage, light shutters, and stereo television glasses. Increase in the production of nanoparticles is expected to propel the market for zirconium dioxide significantly in the near future. Cubic zirconia (CZ) is the cubic crystalline form of zirconium dioxide (ZrO2). The synthesized material is hard, optically flawless, and usually colorless, but may be developed into a variety of colors. On account of its low cost, durability, and close visual similarity to diamond, synthetic cubic zirconia has remained an important competitor for diamonds.
Based on application, the zirconium dioxide market can be segmented into dental, automobiles, industrial catalysts, electronics, paints, antifriction materials, fuel cells, aviation engines, jewelry, and ceramics. Zirconia is highly compatible with the connective tissues of the human body. This attribute makes it predominant in dental surgeries, which in turn drives the zirconia market. Usage of zirconia in jewelry as a diamond imitation is also expected to boost the zirconium dioxide market during the forecast period. However, high prices of the zirconia products are estimated to hinder the growth of the market.
Based on geography, the zirconium dioxide market can be divided into: North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The U.S. is expected to dominate the market owing to its high-level production and consumption of zirconium dioxide. The developing countries of Asia Pacific such as India, Korea, and China are rich in availability of zirconium dioxide. This is projected to create lucrative opportunities for the zirconium dioxide market, along with wide-scope innovative technologies in the production of coating, thermal barrier, and dental.
Key manufacturers in the zirconia market are Zircomet, Saint-Gobain ZirPro, H.C. Starck GmbH, American Elements, and Tronox Limited.
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.