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Market Overview of Global Zirconium and Hafnium market:
According to our latest research, the global Zirconium and Hafnium market looks promising in the next 5 years. As of 2022, the global Zirconium and Hafnium market was estimated at USD 834.13 million, and it's anticipated to reach USD 1027.13 million in 2028, with a CAGR of 3.53% during the forecast years.
Zirconium is a chemical element with the symbol Zr, atomic number 40 and atomic mass of 91.224. The name of zirconium is taken from the mineral zircon, the most important source of zirconium, and from the Persian word "zargun - ?????", meaning "gold colored". It is a lustrous, grey-white, strong transition metal that resembles hafnium and, to a lesser extent, titanium.
Zirconium and Hafnium Drivers
Hafnium metal has excellent weldability, workability, high temperature resistance, corrosion resistance, and a large cross-section for capturing thermal neutrons. It is an ideal neutron absorber, making it suitable for the manufacture of protective devices for control rods in atomic reactors. Global Hafnium Market. In addition to this, hafnium is used as a getter in many gas-filled systems because it removes unwanted gases such as oxygen and nitrogen from the system and is highly resistant to volatility, making it suitable for use as a hydraulic fluid Additives in to prevent volatilization of hydraulic fluids during high-risk operations during chemical formation are estimated to drive the global hafnium market. In addition, hafnium's unique ductility, oxidation resistance, and high temperature resistance make it an excellent alloy material for a variety of applications, such as 10% hafnium-containing hafnium- niobium alloys for rocket nozzles, and hafnium-containing tantalum- tungsten alloys 2% of hafnium is used as spacecraft protection material, and hafnium is used in the production of tungsten wire, which is
expected to drive the global hafnium market
Hafnium is widely used in aerospace industry as super alloy due to its excellent properties. It can alloy with many other metals including titanium, iron, niobium and tantalum. For example, in aerospace applications, such as space rocket engines, heat-resistant hafnium- niobium alloys are used. Superalloy is the major application with more than 35% share in overall hafnium demand globally. Rising aerospace
industry with adoption of technological advancements is further expected to enhance the demand of hafnium in aerospace and aviation
industry.
Region Overview:
China had the highest growth rate of all regions.
Company Overview:
Orano is one of the major players operating in the Zirconium and Hafnium market, holding a share of 21.23% in 2022.
Currently, Orano is the only company to produce MOX fuel assemblies, which it does at the Melox plant. Opened in 1995, the plant produces enough MOX fuel each year to supply 25 to 30 reactors as a supplement to enriched uranium fuels. Its production capacity has just been increased with the installation of a second powder mixing line, the first stage in MOX fabrication. This new equipment facilitates the production of mixtures meeting the specifications of various customers, providing additional guarantees of on-time delivery.
SNWZH will establish an advanced and complete production research system, carry out independent innovation on the basis of digesting and absorbing transfer technology, promote and accelerate the localization of nuclear-grade zirconium sponge production technology, and fill the gap in domestic nuclear-grade zirconium sponge production. It lays a solid foundation for the large-
scale, group-based, international and independent development of my country's zirconium industry, and realizes my country's "independent design, independent manufacturing, independent construction, and "independent operation" of nuclear power development. The goal of SNWZH is to become a leader in the international market. The core manufacturer and supplier of nuclear grade zirconium sponge, hafnium oxide, hafnium sponge.
Segmentation Overview:
Among different product types, Nuclear Grade Zirconium segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Nuclear Industry segment occupied the biggest share from 2017 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Zirconium and Hafnium market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Zirconium and Hafnium Market Report:
Market Size Estimates: Zirconium and Hafnium market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Zirconium and Hafnium market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Zirconium and Hafnium market
Segment Market Analysis: Zirconium and Hafnium market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Zirconium and Hafnium market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Zirconium and Hafnium Market: Revenue and sales volume of major countries in each region
Zirconium and Hafnium Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Zirconium and Hafnium market in major regions.
Zirconium and Hafnium Industry Value Chain: Zirconium and Hafnium market raw materials & suppliers, manufacturing process, distributors, downstream customers
Zirconium and Hafnium Industry News, Policies & Regulations
Key players in the global Zirconium and Hafnium market are covered in Chapter 12:
Orano
SNWZH
CNNC Jinghuan
Baoti Huashen
ATI
Nuclear Fuel Complex
Liaoning Huagao New Materials Co., Ltd.
CITIC Jinzhou Metal
Chepetsky Mechanical Plant
Westinghouse
Guangdong Orient Zirconic
In Chapter 2 and Chapter 15.1, based on types, the Zirconium and Hafnium market from 2018 to 2028 is primarily split into:
Nuclear Grade Zirconium
Industrial Grade Zirconium
Hafnium
In Chapter 3 and Chapter 15.2, based on applications, the Zirconium and Hafnium market from 2018 to 2028 covers:
Nuclear Industry
Zircaloy Alloys Industry
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Zirconium and Hafnium market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028