DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/sdgvvg/global_zirconium) has announced the addition of the "Global Zirconium Market 2014-2018" report to their offering.
The Global Zirconium market to grow at a CAGR of 6.9% over the period 2013-2018.
Zirconium is a silver-greyish chemical metal sourced from mineral zircon (ZrSiO4) sand. It is strong, ductile, malleable, and extremely resistant to heat and corrosion. Zirconium is very weak in absorbing neutrons; therefore, it is extremely useful for cladding nuclear fuel. This metal has a wide range of usage in industries such as Ceramics, Chemicals, Refractory, Foundry, and TV Glass.
Technological advancements are major emerging trends in the market. Zirconium is used to build nuclear grade zirconium material and develop a wide variety of components for water-cooled nuclear power projects.
According to the report, the major driver of this market is increased use of zirconium in the Nuclear Power sector. Besides fuel cladding, zirconium alloys are used for making core structurals for water-cooled nuclear power reactors.
Further, the report states that Volatile raw material prices and high export tariffs pose a challenge for the market. High raw material costs leads to a decline in the profit margins of zirconium manufacturers, thus restricting the growth of the market.
This report covers the present scenario and the growth prospects of the Global Zirconium market for the period 2014-2018.
The report provides data on the different segments of the market based on the following criteria: end-user, application, type, and geography.
Key Vendors
- Iluka Resources
- Kenmare Resources
- Rio-Tinto
- Tronox
Other Prominent Vendors
- Alkane Resources
- Astron Advanced Materials
- Astron
- Australian Zircon
- Bemax Resources
- EI DuPont de Nemours
- Exxaro Resources
- Foskor
- Luxfer Group
- Moly
- Namakwa Sands
- Richards Bay Minerals
- Smartac Group China Holdings
- Tosoh
- Wah Chang
For more information visit http://www.researchandmarkets.com/research/sdgvvg/global_zirconium
