Zirconium Dioxide Market Size 2022

1. Zirconium Dioxide Market Analysis, Statistics, Revenue, Demand and Trend Analysis Research Report by 2025

2. The global zirconium dioxide market is projected to observe tremendous revenue growth due to the rising demand for protective coatings from the automotive and aerospace industries. Demand for these coatings is ascribed to increasing investments, improving consumer lifestyles, and substantial R&D initiatives by key manufacturers. The aerospace coatings industry, owing to increasing defense budgets, the projected upsurge in the number of air travelers, and rising number of cost-efficient coatings launched by industry players is expected to record considerable growth, which will positively impact industry outlook. In addition, increasing inclination towards the adoption of refurbished vehicles and substantial demand for commercial automobiles due to the rapidly expanding transportation sector is further augmenting the demand for zirconium dioxide. • In addition to automotive and aerospace, the product also observes immense applications in the overall ceramics industry owing to its higher mechanical resistance, thermal resistivity, and abrasive properties. These properties have put the material on the radar across a plethora of industries as well as application areas. Several products today, including refractory and medical products, electronics, pigments, and coatings use the material. Among other things, zirconium dioxide is also used to prepare ceramic knives, siloxide glass, as well as dental crowns, bridges, dental prostheses, and feldspar porcelain veneers in the lucrative dentistry sector.

3. According to a research report by Global Market Insights Inc., the zirconium dioxide market is likely to surpass a valuation of $85 million by 2025. • In terms of purity, the 99.5% based zirconium dioxide segment is expected to exceed a valuation of more than $39.5 million by 2025 owing to the increasing demand for ceramic tiles from residential buildings, educational institutions, and hospitals. In addition, significant growth in the housing requirement as well as increasing adoption of automated manufacturing techniques is anticipated to augment zirconium dioxide demand. Moreover, substantial urbanization and growing investments towards infrastructure development would further foster the overall market size. • Meanwhile, the 99% based zirconium dioxide segment is projected to foresee immense growth from abrasive applications. In fact, the segment is likely to register gains of more than 3.5% by the end of the analysis timeframe due to the rising focus towards enhancing automotive efficiency and rising demand from the overall manufacturing sector. Zirconium dioxide products are widely used in deburring, cleaning, and repairing automobile body, interiors, and accessories. Additionally, increasing disposable income, expanding electronics industry, and rising government efforts to promote more manufacturing activities would further bolster market size over the forecast timeframe.

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