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Zirconium Oxychloride Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

A08994
Pages: NA
Dec 2020 | 25 Views
 
Author(s) : NA
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Zirconium Oxychloride Market Analysis 2020-2027:

Zirconium oxychloride is a whitish, slightly yellowish crystal-like structure, which is moist. It is the first chemical product obtained from the processing of zircon sand.  It is usually used as a pioneer for synthesis of catalysts and salts based on zirconium. Zirconium oxychloride is used in wide variety of applications such as cosmetics & personal care products, fire proof materials, and dyeing of textiles. Zirconium oxychloride is used as a forerunner for manufacturing advanced zirconium dioxide powders. Zirconium oxychloride is now being used in nano technology in electrical and electronics industry, medical products, and nuclear refractors.  

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD)

  Segments covered

  Type, Application, End User, and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, Russia, Italy, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM), and Middle East and Africa

  Companies covered

Guangdong Dongfang Zirconium Technology Co., Ltd., Henan Billions Chemicals Co. Ltd., Zr-Valley Science & Technology Co. Ltd., Zibo Guangtong Chemical Co., Ltd., Jiangxi Kingan Hi-Tech Co., Ltd., Saint-Gobain (Saint-Gobain ZirPro), Sisco Research Laboratories Pvt. Ltd., Allegheny Technologies Incorporated (ATI), Bhalla Chemical Works Pvt.Ltd., and Indenta Chemicals India Pvt. Ltd.

 

COVID-19 impact:

  • The global market for zirconium oxychloride is severely impacted by the outbreak of the COVID-19 pandemic. 
  • The COVID-19 pandemic saw a decline in the economic growth in almost all the major countries, thus affecting consumer spending patterns. 
  • Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of numerous industries across the globe, thereby increasing the supply–demand gap.
  • Thus, insufficiency in raw material supply is expected to hamper the production rate of zirconium oxychloride, which negatively impact the market growth.
  • However, this situation is expected to improve as government has started relaxing norms around the world for resuming business activities.

Market dynamics:

Zirconium chloride is widely used as a drying agent in paints, varnishes, cost and inks. It is also used in the production of the refractory materials which are high in temperature such as opacifiers in enamels, glazes and glass polishing. Additionally, zirconium oxychloride finds application in dying of textiles, fire proof materials, and water repellents among others. Zirconium oxychloride is also used in the manufacturing of cosmetic and personal care products such as antiperspirants. 

The factor which has been majorly driving the growth of the zirconium chloride market is the increasing demand for paints, coating and inks. It is extensively used in paints, coating and inks due to its fast drying property which helps in smooth application of the paints, coating and inks and also aids in the drying process. Additionally, zirconium oxychloride market has been witnessing an increase in the application in various other industries such as textiles, rubber and ceramics among others. With a substantial and stable growth in various industries, the growth in the zirconium chloride market is also expected over the coming years. 

A significant amount of time and capital has been invested to find and expand the application horizon of zirconium chloride. This has led to the application of zirconium chloride in nano technology in electronics and electrical industry. It is now also used in nuclear reactors and medical purposes.

As there is a presence of various market players among the zirconium chloride market, availability of competitor’s product at cheaper prices is the major market restrain faced by the product market.

Regional analysis:

Asia-Pacific is expected to dominate the zirconium chloride market. This is due to the growth in various end user industries such as cosmetics and personal care, medical, paints, coatings and inks, textile among more. China is expected to hold the position of the market leader. India is also anticipated to gain a significant market share. Europe and North America are expected to witness a significant growth in the zirconium oxychloride market. The Middle East and African markets for zirconium chloride are anticipated to grow but at a slow and sluggish rate over the coming years.

Key segments covered:

Segments

Subsegments

  Type

  • Optimal Level
  • A level
  • O Level

  Application

  • Oil field acidizing
  • Dyeing
  • Pigment tonners
  • Water repellents
  • Ceramic
  • Dying agent
  • Anti-perspirants
  •  Fireproof materials

  End- user

  • Paints, coatings, and inks
  • Chemical industry
  • Rubber processing
  • Textile
  • Construction
  • Personal care
  • Automotive
  • Pharmaceutical
  • Others

 

Key benefits of the report:

  • This study presents the analytical depiction of the global zirconium oxychloride 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 global zirconium oxychloride market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global zirconium oxychloride market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global zirconium oxychloride market analysis depending on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the zirconium oxychloride research report:

  • Which are the leading players active in the zirconium oxychloride 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?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

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Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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