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The global Zirconium and Hafnium market size was valued at USD 834.13 Million in 2022 and will reach USD 1027.13 Million in 2028, with a CAGR of 3.53% during 2022-2028.
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 - زرگون", 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.
The Zirconium and Hafnium market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.
In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
Key Companies in the global Zirconium and Hafnium market covered in Chapter 4:
Liaoning Huagao New Materials Co., Ltd.
CITIC Jinzhou Metal
CNNC Jinghuan
ATI
Guangdong Orient Zirconic
Orano
Chepetsky Mechanical Plant
Westinghouse
SNWZH
Baoti Huashen
Nuclear Fuel Complex
In Chapter 12 and Chapter 14.1, on the basis of types, the Zirconium and Hafnium market from 2018 to 2028 is primarily split into:
Nuclear Grade Zirconium
Industrial Grade Zirconium
Hafnium
In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, 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, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)
Outline:
Chapter 1 begins with the Zirconium and Hafnium market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Zirconium and Hafnium market and its likely evolution in the short to mid-term and long term.
Chapter 2 provides Zirconium and Hafnium industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.
Chapter 3 depicts Zirconium and Hafnium industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.
Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Zirconium and Hafnium market ranking, benchmarks, and company business portfolio.
Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.
Chapters 6-10 highlight Zirconium and Hafnium market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.
Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.
Chapters 12-13 evaluate the Zirconium and Hafnium market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.
Chapters 14-15 elaborate on the Zirconium and Hafnium market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.
Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
2022
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 - زرگون", 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.
The Zirconium and Hafnium market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.
In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
Key Companies in the global Zirconium and Hafnium market covered in Chapter 4:
Liaoning Huagao New Materials Co., Ltd.
CITIC Jinzhou Metal
CNNC Jinghuan
ATI
Guangdong Orient Zirconic
Orano
Chepetsky Mechanical Plant
Westinghouse
SNWZH
Baoti Huashen
Nuclear Fuel Complex
In Chapter 12 and Chapter 14.1, on the basis of types, the Zirconium and Hafnium market from 2018 to 2028 is primarily split into:
Nuclear Grade Zirconium
Industrial Grade Zirconium
Hafnium
In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, 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, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)
Outline:
Chapter 1 begins with the Zirconium and Hafnium market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Zirconium and Hafnium market and its likely evolution in the short to mid-term and long term.
Chapter 2 provides Zirconium and Hafnium industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.
Chapter 3 depicts Zirconium and Hafnium industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.
Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Zirconium and Hafnium market ranking, benchmarks, and company business portfolio.
Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.
Chapters 6-10 highlight Zirconium and Hafnium market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.
Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.
Chapters 12-13 evaluate the Zirconium and Hafnium market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.
Chapters 14-15 elaborate on the Zirconium and Hafnium market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.
Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
