Introduction
According to a new Markets and Markets report, the Chinese zirconium dioxide (CZD) industry is expected to reach USD 2.0 billion by 2027. Increased demand from the solar and battery industries will drive the growth of the Chinese CZD industry. Growing demand for transparent materials in smartphones and displays is also expected to support the growth of the CZD market in China.
As a result of these factors, companies such as Albemarle Corporation, Lanxess AG, and Mitsubishi Materials Corporation are expected to dominate the Chinese CZD market. However, smaller players such as Anhui Xinhai Mining Industry and Chongqing Xinlong Mining are also expected to benefit from the growth of the Chinese CZD market.
China's Zirconium Dioxide Consumption by Applications
1. China's Zirconium Dioxide Consumption by Applications
China is the world's largest producer and consumer of zirconium dioxide (ZrO2). In 2015, the country's annual production of ZrO2 was 223,000 tons, and its annual consumption was 246,000 tons. China is mainly used in the manufacture of ceramics, glass, and other products.
2. China's ZrO2 Industry Landscape
The Chinese zirconium dioxide industry has been rapidly developing in recent years. The country has set a target to become the world's top producer of ZrO2 by 2020 and to become a leading global supplier of high-performance specialty materials by 2025.
3. China's ZrO2 Industry Strategies
The Chinese government is promoting zirconium dioxide as a key strategic resource for national development and has initiated various policies to support the growth of the zirconium dioxide industry. These include tax breaks and subsidies, land reform that allows for more investment in mining and industrial parks, and initiatives to increase R & D spending in related industries.
China's Zirconium Dioxide Production by Regions
1. China's Zirconium Dioxide Production by Regions
China is the world's largest producer of zirconium dioxide (ZrO2), accounting for approximately two-thirds of global production. The country's three major zirconium dioxide production regions are the Inner Mongolia Autonomous Region, the Guangdong Province, and Shandong Province.
Inner Mongolia is the country's leading ZrO2 producer, with an annual production of around 850,000 metric tons (MT) in 2016. Guangdong Province is second with an annual production of 600,000 MT, while Shandong Province ranks third with an annual production of 350,000 MT.
2. Import and Export of Zirconium Dioxide from China
China is the world's second-largest importer of ZrO2, importing an estimated 720,000 MT in 2016. The main suppliers of ZrO2 to China are Russia and Canada. The country exports 50% of its total ZrO2 production, mainly to Japan and South Korea.
China's Zirconium Dioxide Sales by Manufacturers and Suppliers
China is the world's largest producer of zirconium dioxide and a leading supplier to the automotive, aerospace, packaging, and other industries. The demand for zirconium dioxide continues to grow as the global automotive industry transitions to lighter and more fuel-efficient vehicles. China's zirconium dioxide production capacity is expected to reach 4.5 million metric tons by 2020, up from 2.6 million metric tons in 2016. The country's strong industrial base and abundant resources are likely to support future growth.
The Chinese government has made efforts to improve the environment and reduce greenhouse gas emissions. Zirconium dioxide is a key component in many green technologies, such as electric vehicles and solar energy cells. As a result of these initiatives, the Chinese market for environmentally friendly products is growing rapidly.
There are several companies that manufacture zirconium dioxide in China. These include Tianjin Zhongtian Non-Ferrous Metal Co., Ltd., Baotou Steel and Iron Co., Ltd., Jiangxi Yuhuang Non-Ferrous Metals Co., Ltd., Dalian Wanda Group Corporation, Hunan Liansheng Non-Ferrous Metals Co., Ltd., Shanghai Ruihua.
China's Zirconium Dioxide Price by Regions
1. China's Zirconium Dioxide Industry Overview
China is the world's largest producer of zirconium dioxide (ZrO2), with a production capacity of 2.5 million metric tons in 2018. The industry is forecast to grow at a CAGR of 7.8% from 2019 to 2026, reaching a production volume of 4.0 million metric tons by 2026.
The Chinese government has been vigorously promoting the development of the zirconium dioxide industry, as it sees great potential for the country's economy and strategic security. In addition, rising demand from the automotive and other high-tech industries has fueled growth in the zirconium dioxide market.
2. China's Zirconium Dioxide Production by Regions
The largest production capacity was located in the Xinjiang Uyghur Autonomous Region (XUAR), with a production capacity of 1.9 million metric tons in 2018. Other regions with significant production capacities include Shandong Province (Shanghai, Qingdao) with 620,000 metric tons; Jiangsu Province (Nanjing, Wuxi) with 499,000 metric tons; and Hebei Province.
Conclusion
China's zirconium dioxide (ZrO2) industry is forecast to grow at a CAGR of 7.5% during the 2021–2027 period, owing to increasing demand for ZrO2 in various industrial applications such as solar energy, LED lighting, and electric vehicles. The market is also expected to benefit from growth in the automotive sector as automakers intensify their efforts to reduce CO2 emissions. In addition, emerging countries such as India are witnessing increased demand for ZrO2 due to its potential use in numerous industries such as defense, aerospace, and information technology.
