Zircon Sand Market Analysis:
Zircon is a mineral commonly found in the crust of earth. It belongs to the group of nesosilicates. Zircon sand is heat and corrosion resistant. Zircon occurs in many colors such as reddish brown, yellow, blue, and green. The color of the zircon sand can be changed by heating (800–1000 degree Celsius). The sand is commonly used to trace mineral constituent of most granite and felsic igneous rocks. It is widely used as opacifier and known to be used in the ceramic industry. With the expansion of the ceramic industry and increased use of tiles and granites across the globe, the zircon sand market is expected to grow in the forthcoming years.
COVID-19 impact analysis
The COVID-19 is a worldwide crisis, which has hampered the growth of many industries. The worldwide lockdown has caused decrease in the demand for ceramic products. This has affected the growth of the zircon sand market. Similarly, the construction industry is currently facing shut down due to the virus outbreak, thus reducing the demand for tiles. However, the market is anticipated to witness growth after the recovery from virus. The lockdown has reduced the demand and sales drastically for the market, and the market recovery is expected to take time.
Market scenario analysis
The zircon sand market is expected to grow significantly in terms of volume during the forecast period. The increased demand from the ceramic industry, development of the nuclear power plants, and upsurge in the use of surface coating are expected to drive the market in the upcoming years. The development of the ceramic industry and accelerated use of tiles and granites in many counties drive the market growth. In addition, increase in demand for zircon sand in the foundry industry is expected to propel the market. However, factors such as high tariffs, the gap between demand & supply, and government policies against mining are expected to hinder the market growth.
Zircon is widely used in the ceramic and foundry industries due to its properties such as ability to bind with other substances, stability in high temperature, and recyclability. In the foundry industry, zircon sand finds its application as molding base materials for sand casting, investment casting, and Cosworth casting. With rapid urbanization in the developing countries, the demand for the tiles and granites is rising in countries such as China and India. China is expected to dominate the market in the coming years, followed by Europe and North America. However, the presence of many substitutes for zircon sand such as silica sand and chromite sand is expected to hinder the market growth.
China is one of the fastest growing economies, and almost all the industries in China are expected significant growth due to its rising population and improved standard of living. China is witnessing rapid growth in the nuclear power plant, which is expected to increase the demand for zircon. In addition, China is one of the largest market leaders of the ceramic industry. The iron and steel industry consumes the largest part of refractories. Industrial restructuring and decreased consumption of refractories impacted the demand for refractories. The steady growth in the production of iron and steel has been driving the market growth. The growth of industries such as ceramic, foundry, and refractories is expected to drive the market growth during the forecast period.
Key benefits of the report
- This report presents the analytical depiction of the global zircon sand industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market.
- The current market is quantitatively analyzed to highlight the market growth scenario.
- The report provides a detailed market analysis depending on competitive intensity and how the market will take shape in coming years.
Questions answered in the global zircon sand market research report:
- Which are the leading market players active in the global zircon sand market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What are the projections for the future that would help in taking further strategic steps?
Zircon Sand Market Report Highlights
By industry vertical
Key Market Players
Rio Tinto, Bemax Resources, Richard Bay Minerals, Kenmare Resources, Luxfer Group, Iluka Resources Limited., Eramet, Neo material Technology, Molycorp, Alkane Resources, Australian Zircon, Tronox Limited, Foskor, Allegheny Technologies, Oxkem Limited