Zircon Coating Market by Component, Application, Growth and Analysis – 2031

Zircon Coating Market 2022

Zircon is widely used in the foundry industry, mostly in the form of sand and flour (milled sand) for casting and refractory applications. Zircon’s properties make it ideal as a moulding base material for sand casting and investment casting, in addition to use as mould coating in die casting and in refractory paints and washes to reduce the wettability of other foundry sands. Ceramics industry is the largest market for zircon consuming over half of the zircon produced globally. While around 85% of it used in the ceramics industry is used in tile production, zircon also has a significant role to play in advanced ceramics.

Zircon coatings are used wisely in the ceramic & foundry sectors, most notably in the manufacture of ceramic tiles. They also have many other critical and unique uses across the global industrial sector. The role that zircon and its derivatives play in today’s world is far-reaching and because of its unique qualities and environmental credentials, its importance is still growing. From bathrooms to life enhancing medical implants, there are many other applications and use cases of zircon coatings in the modern world.

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What is Driving Demand for Zircon Coating Market?

The major factors driving the growth of the market are the consistent growth in foundries and refractories, growth of nuclear power stations in Asia-Pacific, and the accelerating usage in surface coatings. Increase in the demand for good resistance to the alkalis in molten glass and in metal slags will propel the growth of the market.

While there are a number of major industrial zirconia and zirconium chemical applications in the nuclear industry, or in gas purification and ammunitions, there are many everyday applications that make use of zirconia’s superior properties. Zircon coatings add strength and water resistance to paper and paper products. Zircon coatings are widely used in ceramics and foundry, due to its various properties such as the ability to bind with all organic and inorganic sand binders, low acidity, low thermal expansion coefficient and high spatial stability at increased temperatures, chemical stability at high temperatures, and good recyclability.

APAC Zircon Coatings Market Outlook:

APAC region held largest market share by value and is expected to keep its dominance over forecast period thanks to the sharp rise in demand for the product in ceramic industries and foundries. In addition, exploration of new mine reserves is expected to influence the consumption of zirconium oxide across the end-use sectors. Growing demand for zirconia products such as coatings has led to an advancement in production technologies in the industry. Most of the demand is expected from China and India. Development of China’s ceramic tile industry is expected to drive zircon coatings demand. Other key country markets in the region include India, South Korea and Japan, which are the major demand centres for zircon coatings.

North America and Europe Market Outlook for Zircon Coatings

APAC is followed by North America and Europe. North America is projected to account for considerable amount of market share during the forecast period. This can be attributed to rising demand in the U.S. market. However, substitutes of zircon sand, such as silica sand, olivine sand, and chromite sand, are likely to hinder the market growth rate, as zircon sand is sold at a higher price than the substitutes. The market in Europe would be driven by demand from Germany and France, and also the UK market.

Who are the Key Manufacturers and Suppliers of Zircon Coating Market?

Some of the major players operating in this market include:

• VITCAS
• Metal Aids®
• IVP LIMITED
• Vesuvius
• ZIRCAR Ceramics Inc.
• Bhartia Group
• Jyoti Ceramic
• Ceraflux India Pvt. Ltd.
• Saint-Gobain ZirPro
• Refcotec Refractory Coatings
• Others

Major players operating in the global zircon coatings market use various inorganic and organic growth strategies such as merger and acquisition, strategic alliances, patent, new product launches, expansion, diversification etc. to increase their market presence and business reach. The global market is moderately fragmented due to the presence of a large number of competitors across the regional markets. Key strategies adopted by these industry players include long-term partnership with raw material suppliers to achieve economies of scale and subsequently offer products at a lower price than competitors. New entrants to the market will have to concentrate on innovating and using advanced technology, offering targeted products and lowering net operating costs.

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