Zircon Sand Market Analysis and Latest Trends
Zircon sand, also known as zirconium silicate, is a naturally occurring mineral mainly composed of zirconium and silicon dioxide. It is commonly found in coastal sandy environments and is extracted for use in various industries. Zircon sand is known for its high refractory properties, low thermal expansion, and excellent resistance to corrosion and heat. As a result, it is widely used in the production of ceramics, refractory materials, foundry molds, abrasives, and various other applications.
The zircon sand market has been experiencing steady growth in recent years. The market is primarily driven by the growing demand for zircon sand in the ceramic industry, as it is a crucial component in producing tiles, sanitaryware, and other ceramic products. Additionally, increasing investments in infrastructure development, particularly in emerging economies, have boosted the demand for zircon sand for construction materials, further driving market growth.
The market's growth is also influenced by the rising use of zircon sand in foundry applications, where it is used as a molding material due to its high resistance to heat and temperature changes. The automotive and aerospace industries, in particular, have contributed to this increasing demand.
Furthermore, the market is witnessing a surge in demand for zircon sand in the production of refractory materials, primarily due to its high melting point and chemical stability. These refractory materials find extensive application in the steel, glass, and cement industries, further fueling market growth.
The zircon sand market is expected to continue growing at a CAGR of 4% during the forecast period. Factors such as expanding construction and infrastructure projects, increasing ceramic production, and the growing demand for refractory materials are anticipated to drive the market's growth. Moreover, emerging applications in industries such as electronics and nuclear power are also expected to contribute to the market's expansion in the coming years.
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Zircon Sand Major Market Players
The global zircon sand market is highly competitive and fragmented, with several major players dominating the industry. Some of the prominent players in the market include Alkane Resources, Allegheny Technologies, Australian Zircon, Bemax Resources, Neo Materials Technologies, Kenmare Resources, DowDuPont, Foskor, Luxfer Group, Molycorp, New Energy Holdings, Richards Bay Minerals, Oxkem Limited, Tronox Limited, and Zhejiang Jinkun Zirconium Industry.
Alkane Resources is an Australian mining company that primarily focuses on gold mining. However, it also ensures a stable supply of zircon through its Dubbo Project, which has one of the world's largest zircon resources. The company has been experiencing steady market growth due to the increasing demand for zircon in various industries, including ceramics, refractories, and foundries.
Kenmare Resources is another significant player in the zircon sand market. The company operates the Moma Mine in Mozambique, which is one of the world's largest zircon reserves. Kenmare Resources has witnessed substantial market growth, driven by the rising demand for zircon in the construction industry, particularly in the Asia-Pacific region.
DowDuPont is a multinational conglomerate involved in various industries, including materials science, agriculture, and specialty products. The company's zircon business operates under its Dow Chemical division. DowDuPont's zircon business has experienced steady growth due to its extensive product portfolio and strong market presence.
In terms of market size, the global zircon sand market was valued at approximately $1.5 billion in 2019 and is expected to reach $1.8 billion by 2025, growing at a CAGR of around 3% during the forecast period. The market growth is driven by the increasing demand for zircon in key end-use industries such as ceramics, refractories, and chemicals.
Unfortunately, specific sales revenue figures for the above-listed companies are not available. However, the overall market growth and future growth prospects suggest that these companies are expected to perform well in the zircon sand market. The growing demand for zircon and the expanding application areas are likely to drive their revenue growth in the coming years.
What Are The Key Opportunities For Zircon Sand Manufacturers?
The zircon sand market is expected to experience significant growth in the coming years. This can be attributed to the increasing demand for zircon sand in various industries, such as ceramics, refractories, and foundries. The market is likely to be driven by the growing use of zircon sand in nuclear power plants, as it is a key component in making ceramics for fuel cells. Additionally, the continuous rise in construction activities and infrastructure development is expected to boost the demand for zircon sand in the construction sector. The future outlook for the zircon sand market appears promising, with opportunities for expansion and innovation.
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Market Segmentation
The Zircon Sand Market Analysis by types is segmented into: