지르코늄 시장 : 점유율 분석, 업계 동향과 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the zirconium market size is projected to expand from 1.27 million tons in 2025 and 1.32 million tons in 2026 to 1.62 million tons by 2031, registering a CAGR of 4.11% between 2026 to 2031.

This report is Segmented by Occurrence Type (Zircon, Zirconia, and Other Types), Application (Zircon Flour/Milled Sand, Zircon Opacifier, Refractories, Zircon Chemicals, and Zircon Metal and Alloys), and Geography (Production Analysis: Australia, Brazil, China, India, Indonesia, and More; Consumption Analysis: China, United States, Japan, and More). The Market Forecasts are Provided in Terms of Volume (Tons).

Global Zirconium Market Trends and Insights

Sustained Demand from Foundry and Refractory Industries

In 2025, global foundries, emphasizing zircon's prized qualities such as low thermal expansion and chemical inertness, heavily relied on zircon sand for precision cores and molds. Although cost-sensitive applications began favoring chromite and olivine over zircon, a sand recycling patent from Noram Technology played a pivotal role in preserving zircon's value in Europe. Refractory formulators, by blending zirconia with magnesia and alumina, extended furnace life, driving up zirconia demand despite its substitution hurdles. Meanwhile, Europe's stringent radioactive waste disposal regulations championed closed-loop foundry operations, ensuring the retention of zircon fractions.

Rising Use of Zircon-Based Opacifiers in Advanced Ceramics

In 2025, ceramics claimed a substantial portion of zircon sand usage, with digitally printed tiles enhancing zircon loading per square meter. As the primary producers of the world's tiles, China and India amplified their demand for opacifiers, leading to a need for ultra-low-iron powders. The appetite for finer grades in additive manufacturing surged annually, carving premium niches in electronics and renewable energy devices. Capitalizing on this trend, Iluka Resources boosted its milling capacity to capitalize on these profitable sales.

Substitution by Chromite/Olivine in Foundry and Refractories

Chromite, being more affordable, rivals its counterparts in refractoriness. At the same time, olivine's reduced silica content mitigates the risk of silicosis. As a result, foundries across Europe and North America are contemplating a gradual transition away from zircon. Noram Technology has secured a patent for a method that selectively extracts either chromite or zircon from recycled sand, thereby lessening the reliance on virgin materials. Refractory manufacturers are increasingly favoring magnesia-alumina blends, reserving zirconia for zones subjected to extreme heat.

Other drivers and restraints analyzed in the detailed report include:

1. Commercialization of Zirconia Solid Electrolytes for Next-Gen Batteries
2. Friend-Shoring and EU Critical Raw Materials Act
3. Tightening Radioactivity and ESG Rules on Heavy-Mineral-Sand Mining

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

In 2025, zircon dominated the market, constituting a substantial 88.89% of the total volume. With both Australia and South Africa playing pivotal roles in the supply chain, established ceramics and foundry sectors enjoyed a steady influx of zircon. As mature mines transitioned to new orebodies, the market size for zircon in the zirconium sector not only reached a notable level in 2025 but was also set on a trajectory of steady growth. While zircon led in terms of volume, its pricing dynamics were intricately linked to construction cycles, exposing miners to the sector's fluctuations.

On the other hand, zirconia, despite its smaller tonnage, is projected to grow at a 5.27% CAGR during the 2026-2031 period. This anticipated growth is fueled by the surging demand for high-purity zirconia in applications such as solid-state batteries, bioceramics, and aerospace coatings. Producers adept at offering sub-micron powders enjoyed a significant price premium, enhancing their profitability. Energy Fuels' strategic move to adopt ASM's high-purity technology highlights the industry's ambition to seize margins that have historically benefited Chinese processors. In contrast, other variants such as baddeleyite remained in a niche position, hampered by reserves predominantly located in Russia and the geopolitical challenges that accompany them.

Geography Analysis

In 2025, China held a dominant 53.36% share of global consumption and is projected to grow at a CAGR of 4.78% through the forecast period of 2026-2031. China's extensive logistics network and leading role in zirconium chemicals enable it to maintain domestic prices below global averages. However, U.S. tariffs and EU friend-shoring regulations are prompting ceramic and alloy buyers to diversify, increasingly sourcing from Australia and Africa. By mid-2025, Chinese reactor constructions were major consumers of zirconium, and with new capacity approvals, this trend is anticipated to persist through 2031.

In 2023, North America, having utilized a significant amount of concentrates, began establishing new processing facilities in Utah and Georgia, with the goal of reclaiming value that was previously ceded to Chinese refiners. Although the zirconium market tied to U.S. solid-state battery initiatives is currently modest, it is swiftly gaining momentum as electric vehicle producers experiment with LLZO electrolytes. Europe, which accounted for a substantial share of 2025's demand, is prioritizing high-purity ceramics and aerospace coatings. The processing targets set by the Critical Raw Materials Act have spurred joint ventures in France and Germany, though the capital-intensive nature of these projects presents challenges.

In 2023, Australia and South Africa emerged as the primary sources for the majority of the world's mined zircon. Yet, with aging assets, there is an urgent call for brownfield restarts. In March 2026, Rio Tinto approved a restart at Zulti South in Mozambique, while Iluka's Balranald project ramped up its annual capacity in late 2025. Newer hubs in Mozambique, Madagascar, and Kenya are eyeing a potential annual supply by 2031, contingent on permitting and ESG compliance. India is carving out a larger share, driven by tile exports and investments in nuclear alloys. On the other hand, while Russia's emphasis on baddeleyite bolsters its internal security, it curtails its global outreach.

1. Astron Group
2. Australian Strategic Materials Ltd.
3. Base Resources Ltd
4. Energy Fuels Inc.
5. Eramet SA
6. Iluka Resources Limited
7. Image Resources NL
8. Iwatani Corporation
9. Kenmare Resources plc
10. Lanka Mineral Sands Ltd
11. Mineral Commodities Ltd
12. Rio Tinto
13. The Chemours Company
14. Tronox Holdings plc

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Sustained demand from foundry and refractory industries
  • 4.2.2 Rising use of zircon-based opacifiers in advanced ceramics and coatings
  • 4.2.3 Commercialization of zirconia solid electrolytes for next-gen batteries
  • 4.2.4 Friend-shoring and EU Critical Raw Materials Act spurring new refining capacity
  • 4.2.5 High-purity zirconia for aerospace thermal-barrier coatings
• 4.3 Market Restraints
  • 4.3.1 Substitution by chromite/olivine in foundry and refractories
  • 4.3.2 Tightening radioactivity and ESG rules on heavy-mineral-sand mining
  • 4.3.3 Chinese downstream dominance and US tariffs disrupting supply chains
• 4.4 Value Chain Analysis
• 4.5 Porter's Five Forces
  • 4.5.1 Bargaining Power of Suppliers
  • 4.5.2 Bargaining Power of Consumers
  • 4.5.3 Threat of New Entrants
  • 4.5.4 Threat of Substitutes
  • 4.5.5 Degree of Competition
• 4.6 Supply Analysis (Global)
• 4.7 Regulatory Policy Analysis
• 4.8 Trade Analysis (Top 5-10 Countries)
• 4.9 Price Trend Analysis
• 4.10 Production Cost Analysis

5 Market Size and Growth Forecasts (Volume)

• 5.1 By Occurrence Type
  • 5.1.1 Zircon
  • 5.1.2 Zirconia
  • 5.1.3 Other Types
• 5.2 By Application
  • 5.2.1 Zircon Flour/Milled Sand
  • 5.2.2 Zircon Opacifier
  • 5.2.3 Refractories (Zirconia)
  • 5.2.4 Zircon Chemicals (Oxychloride, Carbonate, Sulfate)
  • 5.2.5 Zircon Metal and Alloys
• 5.3 By Geography
  • 5.3.1 Production Analysis
    • 5.3.1.1 Australia
    • 5.3.1.2 Brazil
    • 5.3.1.3 China
    • 5.3.1.4 India
    • 5.3.1.5 Indonesia
    • 5.3.1.6 South Africa
    • 5.3.1.7 Ukraine
    • 5.3.1.8 Rest of the World
  • 5.3.2 Consumption Analysis
    • 5.3.2.1 China
    • 5.3.2.2 United States
    • 5.3.2.3 Japan
    • 5.3.2.4 European Union
    • 5.3.2.5 India
    • 5.3.2.6 Russia
    • 5.3.2.7 Rest of the World

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share(%)/Ranking Analysis
• 6.4 Company Profiles (includes Global Overview, Market Overview, Core Segments, Financials, Strategic Information, Products and Services, Recent Developments)
  • 6.4.1 Astron Group
  • 6.4.2 Australian Strategic Materials Ltd.
  • 6.4.3 Base Resources Ltd
  • 6.4.4 Energy Fuels Inc.
  • 6.4.5 Eramet SA
  • 6.4.6 Iluka Resources Limited
  • 6.4.7 Image Resources NL
  • 6.4.8 Iwatani Corporation
  • 6.4.9 Kenmare Resources plc
  • 6.4.10 Lanka Mineral Sands Ltd
  • 6.4.11 Mineral Commodities Ltd
  • 6.4.12 Rio Tinto
  • 6.4.13 The Chemours Company
  • 6.4.14 Tronox Holdings plc

7 Market Opportunities and Future Outlook

• 7.1 White-space and Unmet-Need Assessment