According to the research report titled ‘Zirconium Dioxide Market Size By Purity, Industry Analysis Report, Regional Analysis (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, Spain, Poland, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Brazil, Argentina, Saudi Arabia, UAE, South Africa, Iran), Application Development, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report, global zirconium dioxide market is projected to be worth USD 85 million by the year 2025.
 

Rising demand for automotive & aerospace protective coatings due to changing consumer lifestyles, in consort with growing investments and R&D initiatives by producers are key factors boosting global zirconium dioxide market expansion.
 

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Furthermore, growth of aerospace coatings industry due to increasing demand because of growing defense spending and rising number of air travelers, coupled with cost-effectiveness of protective coatings will lead to industry growth.
 

Moreover, surging demand for refurbished vehicles and commercial automobiles with amplificantion of transportation sector will proliferate the global zirconium dioxide market size.
 

Based on purity, the 99% purity zirconium dioxide market share from abrasives application is anticipated to expand by 3.5% by 2025, due to increasing focus on enhancing automotive efficiency, and rising demand from manufacturing sector. Initiatives by governments to promote manufacturing activities, growing electronics sector, and improving disposable income will also facilitate growth of this segment.
 

Meanwhile, 99.5% purity segment of the global zirconium dioxide industry is projected to reach USD 39.5 million by 2025, owing to escalating demand for ceramic tiles from education institutes, hospitals, and residential buildings. Rapid urbanization leading surge in infrastructure development and construction activities, in tandem with incorporation of automated production techniques will impel the segmental share.
 

Regionally speaking, North America zirconium dioxide industry share was valued at USD 15 million in 2018, led by Mexico, Canada, and the U.S. Growing geriatric population, increasing consumer awareness about dental implants and acceptance of cosmetic dentistry, along with availability of insurance coverage are key factors boosting market expansion in this region. Additionally, prevalence of gum disorders, tooth decay, and dental caries will raise the threat of tooth loss, thereby fostering the demand for zirconium dioxide in North America.
 

Key players profiled in global zirconium dioxide market report are Zircomet Ltd., Zircoa Inc., Tosoh Corporation, Alkane Resources Ltd., Saint-Gobain ZirPro, Showa Denko K.K., ATI Technologies Inc., Foskor Zirconia Pty Ltd., American Elements Corporation, Jiangxi Kingan Hi-Tech Co. Ltd., TAM Ceramics LLC, and H.C. Starck GmbH.