Global Zirconium Dioxide Market – Overview

Zirconium dioxide is a dynamic material that is used in the production of several industrial and domestic products. It is also called as zirconia and is projected to find a potential market growth in a wide range of industrial applications during the course of the given forecast period. The recent technological developments have considerably contributed in the overall development of the global zirconium dioxide market as it has made the substance more efficient and accessible to its end users.

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Global Zirconium Dioxide Market – Notable Developments

Some of the notable developments in the global zirconium dioxide market are given below:

  • In January 2018, Saint-Gobain ZirPro announced that the company has launched an innovative ceramic powder UprYZe. This new powder is able to provide exceptional mechanical performance or enhanced hydrothermal and wear resistance depending upon the composition. It is made of alumina zirconia microstructure composite and is specifically tailored and engineered by the research and development experts of ZirPro. Commercially, there are two grades available of the product.
  • Recently, Zricomet announced that the company has expanded its range of zirconium and zirconium dioxide powders for thermal barrier coatings.

Global Zirconium Dioxide Market – Drivers and Restraints

There are various factors that are having a positive influence on the overall development of the global zirconium dioxide market. One key driving factor for the development of the market is the increasing demand from the electronics and paints & coatings industries. Zirconium dioxide offers several benefits such as microbial resistance, corrosion resistance, high strength, and superior chemical stability. Such properties make it an important and ideal manufacturing component in these industries. This has thus helped in driving the growth of the global market.

Another important driving factor for the growth of the global zirconium dioxide market is the increasing demand of zirconium dioxide in the production of fuel cells and electronic displayers. The automotive industry has also growingly adopting zirconium dioxide for the production of protective coatings. Zirconium dioxide provide superior protection to metallic surfaces when they are exposed to high temperatures for longer durations. It thus makes it an ideal protective coating material for producing different components such as exhaust manifolds, pistons, and cylinder heads. This has helped in enhancing its popularity across the sector and ultimately contributed in the overall development of the market. Moreover, the growing preference of consumers for more attractive and aesthetic designs and the desire to enhance the longevity of the vehicle has played a crucial role in the rising adoption of zirconium dioxide market.

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Global Zirconium Dioxide Market – Geographical Outlook

The global zirconium dioxide market has five key geographical segments as North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Of these, the global market is expected to be led by Asia Pacific over the course of the given forecast period of 2019 to 2027. This growth of the Asia Pacific market is primarily driven by the presence of rapidly developing economies such as India and China. These nations have an increasing demand for zirconium dioxide from the ceramics and foundries industries. The region is also witnessing a considerable growth in ceramics and foundries for the production of turbine blades in the aerospace industries. This is also expected to drive the growth of the zirconium dioxide market in Asia Pacific. In addition to this, the booming construction sector in this region is also expected to help in fueling the need for designer and modular tiles that will ultimately aid in propelling the growth of the zirconium dioxide market.

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
  • Europe
  • 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.

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