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April 11, 2008
World Zirconium Consumption Projected to Reach 2.0 Million Metric Tons by 2012, According to New Report by Global Industry Analysts, Inc.
Backed by strong demand from China, Asia continues to shape zirconium consumption trends worldwide. Spurred by a robust Chinese market, global consumption is projected to reach 2.0 million tons by 2012.
San Jose, CA (PRWEB) April 10, 2008 -- The 'China' Factor has emerged as a key demand determinant shaping trends in several products, services and applications. Spurred by booming construction trends, the country's production and consumption of ceramic ware is expected to outpace that of Europe, traditionally the largest producer. Oversupply of titanium feedstocks has restricted mining of zircon. Restricted supply and robust demand have led to a dramatic rise in global prices in the past few years. The gap between supply and demand is expected to even out in coming years due to supply of Indonesian concentrates to China and new mine supply. Zircon is widely used in ceramics, refractories, and foundry applications.
Asia Pacific represents the world's largest and the fastest growing market for Zirconium, with consumption estimated at 532 thousand MT in 2007. Europe is the second largest market followed by the United States at third position as stated by Global Industry Analysts, Inc. Asia and Europe together are estimated to account for 73.5% of the global zirconium consumption in 2008. Zirconium consumption in the US is estimated at 188 thousand MT in 2008 and is projected to exceed 239 thousand MT by the end of the year 2012.
Key players analyzed in the report include Alkane Resources Ltd., Allegheny Technologies, Inc., Anglo American Plc, China Zirconium, Astron Ltd, Australian Zircon NL, Bemax Resources Limited, E.I DuPont, Foskor Ltd., Iluka Resources Limited, Exxaro Resources Ltd, Luxfer Group, Neo Material Technologies Inc., Rio Tinto Plc, Richards Bay Minerals, and Tosoh.
"Zirconium: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends and issues, drivers, product profile, end-use applications, production scenario, players, competitive landscape, technological developments, recent developments, mergers, acquisitions, alliances and other strategic industry activities. Analysis is presented for major geographic markets such as United States, Japan, France, Germany, the UK, Italy, and Asia-Pacific. Consumption estimates are presented over the years 2001 through 2010, with long-term projections over the years 2011 through 2015. Historic analytics has been presented over the years 1991 through 2000. End-use segments independently analyzed include Ceramics (Tiles, Tableware and Sanitaryware), Refractories, Foundries, TV Glass and Other Applications.
For more details about this research report, please visit http://www.strategyr.com/Zirconium_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Web Site www.StrategyR.com
Posted by Industrial-Manufacturing at April 11, 2008 02:03 AM