Global Zirconium Metal market will reach 593 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/8/14

Zirconium is a type of a silver-gray transition metal, which is mainly used in the nuclear industry for covering fuel elements. Zirconium is used in the chemical industry as it is resistant to corrosion that is caused by sea water, acids, and alkalis. Zirconium metal is also used as an alloying agent in steel, which is used for making dental implants and orthopedic prosthetics. All of these factors are expected to drive the growth of the global zirconium market.

Zirconium alloys consist of tin, nickel, chromium, zirconium, and iron, which are used for layering purposes in the military and nuclear reactors. The significant development and improvements in the zirconia-based ceramics are likely to offer lucrative opportunities to the market in the forthcoming years.

Moreover, properties such as recyclability, high bonding capacity, low thermal expansion coefficient, low wettability by molten metal, low acidity, and high chemical resistance zirconium make the metal suitable for refractories and foundry.

According to the report, the global zirconium metal market is likely to touch a valuation of US$593 mn by the end of 2025 from US$417 mn in 2018. The market will register at a healthy CAGR of 5.09% throughout the forecast period, anticipates the report.

Click to view the full report: https://www.qyresearch.com/index/detail/1166880/global-zirconium-metal-market
This article was first released by QYResearch, if reproduced, please indicate the source.
Telephone number:020-86655165
Contact:holly@qyresearch.com
When contacting, please refer to QYR company's Mia introduction.