Global Zirconium Tetrafluoride Market - Forecast(2024 - 2030)

Report Code: CMR 37603 Report Format: PDF + Excel
Global Zirconium Tetrafluoride Market Overview
 
The global zirconium tetrafluoride market size is estimated to reach US$313.81 million by 2030, growing at a CAGR of around 4.5% from 2024 to 2030. The zirconium tetrafluoride is a water insoluble and inorganic compound. The zirconium tetrafluoride is used in oxygen-sensitive applications such as metal production, fluoride glass, fuel coolant in molten salt reactors, and others. It is also used with other compounds such as sodium fluoride for use in the coolant for the reactors. Furthermore, the high demand of zirconium tetrafluoride for fluorozirconate glasses and optical glass fiber systems is driving the global zirconium tetrafluoride market. The growing application and demand of zirconium tetrafluoride in various end-use industries such as glass industry, metal industry, chemical, and others due to chemical stability, mechanical properties, and low loss is offering high growth for the global zirconium tetrafluoride industry during the forecast period.
 
Zirconium tetrafluoride, an inorganic compound, is water-insoluble and finds applications in various oxygen-sensitive areas such as metal production, fluoride glass, and fuel coolant in molten salt reactors. It is also used alongside sodium fluoride as a coolant in reactors. The demand for zirconium tetrafluoride is driven by its use in fluorozirconate glasses, optical glass fiber systems, and its chemical stability, mechanical properties, and low loss. Industries such as glass, metal, and chemicals utilize zirconium tetrafluoride due to its unique properties.
 
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COVID-19 Impact
 
The global zirconium tetrafluoride market was majorly impacted by the covid-19 outbreak. The global economy experienced slowdown, production halts, logistics restrictions, and major supply and demand gap. The zirconium tetrafluoride has major applications in metal industry and glass manufacturing sector. Furthermore, the zirconium tetrafluoride market experienced a major decline in demand and falling applications in the metal industry. The demand for various metals collapsed during the pandemic. The processing and production activities for industrial metals were impacted by the COVID outbreak. The restrictions in movement, delay in metal mining and development projects, closure of mining and metal production, along with slumping metal prices affected the global metal production sector as well. According to the World Bank, the metal and mineral price index expected a 13% decline due to economic slowdown in 2020. Thus, with major decline in growth of metal industry, the application of zirconium tetrafluoride for oxygen sensitive applications such as metal production activities also saw major fall in demand, thereby restricting the growth opportunities in global zirconium tetrafluoride market. However, the global zirconium tetrafluoride market faced challenges during the COVID-19 pandemic, impacting metal production and applications. Despite this, zirconium tetrafluoride remains a valuable material for various industrial sectors, contributing to sustainable growth.
 
Report Coverage
 
The “Global Zirconium Tetrafluoride Market Report – Forecast (2024-2030)” by IndustryARC covers an in-depth analysis of the following segments of the global zirconium tetrafluoride industry.
 
By Purity: Below 99%, 99%, and Above 99%
 
By Form: Powder, Crystal, and Others
 
By Purification Process: Distillation and Sublimation
 
By Application: Metal Production, Molten Salt Reactors, Fluorozirconate Glass, and Others
 
By End Use Industry: Metal Industry, Chemical, Glass Industry, and Others
 
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Middle East (Saudi Arabia, UAE, Israel, Rest of the Middle East) and Africa (South Africa, Nigeria, Rest of Africa)
 
 
 
 
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Key Takeaways
 
• The global zirconium tetrafluoride market size will increase due to high demand for applications in metal industry, optical glass manufacturing, and others during the forecast period.
 
• The Asia Pacific region hold a dominant market share in the global zirconium tetrafluoride industry due to high in metallurgical sector, glass, nuclear, and other, thereby boosting the application of zirconium tetrafluoride in this region.
 
• The demand for zirconium tetrafluoride is high in glass industry due to major application in fluoride glass, fluorozirconate glass, optical fiber systems, and others in the coming years.
 
Global Zirconium Tetrafluoride Market Segment Analysis – By Purity
 
By purity, the above 99% segment held the largest global zirconium tetrafluoride market share and is expected to grow by over 5.1% during the forecast period. The demand of above 99% purity segment is high due to its growing applications in fluoride glass production such as ZBLAN and others. The high purity composition makes it perfect for application in optical fluoride glasses owing to its excellent optical quality and improved scientific standards. Furthermore, these fluoride glasses are used in optical fiber, thereby boosting the demand for the zirconium tetrafluoride.
 
According to the International Energy Agency (IEA), the number of internet users is estimated to increase to around 5.0 billion by the year 2025. Thus, with rise in major application of zirconium fluoride in optical fiber glasses and usage as component in fluorozirconate glasses production, the global zirconium industry will grow during the forecast period.
 
Global Zirconium Tetrafluoride Market Segment Analysis – By Application
 
By application, the fluorozirconate glass segment accounted for the largest share in the global zirconium tetrafluoride market and is expected to grow by around 4.7% during the forecast period. The zirconium tetrafluoride is used as a major component in the fluoride based glasses such as ZBL and ZBLAN. The zirconium tetrafluoride glasses offer superior properties such as high mechanical property, low potential loss, environmental resistance, and chemical stability. The high demand of fluoride fiber glasses in optical fiber system, broadband, and others is driving the market of global zirconium tetrafluoride. According to the China Internet Network Information Centre (CNNIC), the broadband connection in China reached around 92%, with 406 million premises in 2023. Thus, with growing applications of zirconium tetrafluoride for fluorozirconate glasses and other optical fiber glass systems, the demand of global zirconium tetrafluoride industry will rise in the coming years.
 
Global Zirconium Tetrafluoride Market Segment Analysis – By End-Use Industry
 
By end-use industry, the glass industry segment holds largest global zirconium tetrafluoride market share and will grow at a CAGR of over 4.1% during the forecast period. The rising demand of zirconium tetrafluoride in glass sector is influenced by increasing application in optical glass, fibers, and other fluorozirconate glasses. The zirconium tetrafluoride has major application in the glass industry such as for fluoride glass or HMFG owing to its stability, low losses, and improved mechanical properties. The high demand of fluorozirconate glasses and optical glass fiber, which uses zirconium tetrafluoride for glass production, is influencing the growth of zirconium tetrafluoride. Thus, with major application and demand in the glass industry, the global zirconium tetrafluoride will rapidly grow during the forecast period.
 
Global Zirconium Tetrafluoride Market Segment Analysis – By Geography
 
By geography, the Asia Pacific segment is the fastest-growing region in the global zirconium tetrafluoride market for the year 2023 and will grow by over 5.9% during the forecast period. The growth of zirconium tetrafluoride industry in this region is influenced by rising demand in glass manufacturing industry, chemical, metal industry, and others. The demand of zirconium tetrafluoride is high for oxygen sensitive applications such as metal production or aluminum coatings. According to the India Brand Equity Foundation (IBEF), around USD 2.87 billion was attracted by the iron ore exports, with an increase of 29% in 2023. Furthermore, the growth of optical fiber in APAC region is contributing to the growth in zirconium tetrafluoride usage in fluoride glasses, which is used in optical fiber systems is offering major growth prospects for the zirconium tetrafluoride industry. Moreover, the zirconium tetrafluoride is also used as a fuel-coolant in the molten salt reactors and coolant when mixed with sodium fluoride. Thus, with growing application of zirconium tetrafluoride in various end-use industries and high demand of zirconium fluoride based components in the APAC region, the global zirconium tetrafluoride market will grow in the coming years.
 
Global Zirconium Tetrafluoride Market– Drivers
 
Growing demand from fluoride glass applications
 
There is a rise in the demand for the zirconium tetrafluoride in the glass industry for applications in fluoride glass and fibers. The zirconium tetrafluoride is a major component which is used in the fluoride glass. Furthermore, the growth of optical glasses for optical fiber systems, internet transmission, and commercial application is influencing the high demand for the zirconium tetrafluoride. According to the Organization for Economic Co-operation and Development (OECD), the demand for high-speed fiber subscription saw a growth by 19% from June 2022 to June 2023 across the OECD countries. Thus, with rising demand for fluoride glass in broadband transmission, optical fibers, and others, the application of zirconium tetrafluoride in fluorozirconate glasses will rise, thereby creating high demand in the global zirconium tetrafluoride market.
 
Increasing usage in molten salt reactors system
 
The demand of zirconium tetrafluoride is growing in the nuclear energy sector due to its increasing application in the molten salt reactors. The development for the molten salt reactor technology is rising across the globe due to high demand for nuclear power energy generation. The zirconium tetrafluoride is mixed with the sodium fluoride for usage as fuel coolant in the high temperature reactor and molten salt reactors. For instance, the China Academy of Sciences and US Department of Energy collaborated with a start-up budget of USD 350 million for development and deployment of TMSR by 2030. Thus, with growth in nuclear energy generation and development of molten salt reactor technologies, the demand and application of zirconium tetrafluoride will rise, thereby offering major growth opportunities in the global zirconium tetrafluoride industry.
 
Global Zirconium Tetrafluoride Market– Challenges
 
Unstability in moisture and corrosive nature
 
The zirconium tetrafluoride is a water insoluble element and is highly demanded in glass and metal industry. However, the unstability of zirconium tetrafluoride in moisture, active metals, and oxidizing agents can lead to hazards and reactivity complications. Furthermore, the zirconium fluoride can led to inhalation, skin, and other chronic effects, when not handled properly. Thus, improper handling and storage of this moisture unstable metal can create major hindrance in growth for various applications in the global zirconium tetrafluoride market.
 
Global Zirconium Tetrafluoride Industry Outlook
 
The global zirconium tetrafluoride top 10 companies include:
 
1. Fluoropharm Chembase
2. Aurora Fine Chemicals
3. Nanoshel LLC
4. Saint-Gobain ZirPro
5. Base Resources Limited
6. AK Scientific Fluoropharm Chembase
7. Finetech Industry
8. 3B Scientific
9. Ambinter
10. Tronox Holdings Plc and others. 
 
Global Zirconium Tetrafluoride Market- Aqusitions/ Technology Launches.
 
In June 2022, Malaysia Smelting Corp (MSC) unit acquired a neighboring tin mining leaseholder. The transaction involved the purchase of 272,250 shares, equivalent to 20% of the expanded share capital of the company RHT.
 
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1. Global Zirconium Tetrafluoride Market- Market Overview
    1.1 Definitions and Scope
2. Global Zirconium Tetrafluoride Market - Executive Summary
    2.1 Key Trends by Purity
    2.2 Key Trends by Form
    2.3 Key Trends by Purification Process
    2.4 Key Trends by Application
    2.5 Key Trends by End-Use Industry
    2.6 Key Trends by Geography
3. Global Zirconium Tetrafluoride Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Global Zirconium Tetrafluoride Market - Startup companies Scenario Premium 
    4.1 Major startup company analysis: 
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Global Zirconium Tetrafluoride Market – Industry Market Entry Scenario Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Global Zirconium Tetrafluoride Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Global Zirconium Tetrafluoride Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Global Zirconium Tetrafluoride Market – By Purity (Market Size -$Million/Billion)
    8.1 Below 99%
    8.2 99%
    8.3 Above 99%
9. Global Zirconium Tetrafluoride Market – By Form (Market Size -$Million/Billion)
    9.1 Powder
    9.2 Crystal
    9.3 Others 
10. Global Zirconium Tetrafluoride Market – By Purification Process (Market Size -$Million/Billion)
    10.1 Distillation
    10.2 Sublimation
11. Global Zirconium Tetrafluoride Market – By Application (Market Size -$Million/Billion
    11.1 Metal Production
    11.2 Molten Salt Reactors
    11.3 Fluorozirconate Glass
    11.4 Others
12. Global Zirconium Tetrafluoride Market - By End-Use Industry (Market Size -$Million/Billion)
    12.1 Metal Industry
    12.2 Chemical
    12.3 Glass Industry
    12.4 Others
13. Global Zirconium Tetrafluoride Market - By Geography (Market Size -$Million/Billion)
    13.1 North America
        13.1.1 USA
        13.1.2 Canada
        13.1.3 Mexico
    13.2 Europe
        13.2.1 UK
        13.2.2 Germany
        13.2.3 France
        13.2.4 Italy
        13.2.5 Netherlands
        13.2.6 Spain
        13.2.7 Russia
        13.2.8 Belgium
        13.2.9 Rest of Europe
    13.3 Asia-Pacific
        13.3.1 China
        13.3.2 Japan
        13.3.3 India
        13.3.4 South Korea
        13.3.5 Australia and New Zeeland
        13.3.6 Indonesia
        13.3.7 Taiwan
        13.3.8 Malaysia
        13.3.9 Rest of APAC
    13.4 South America
        13.4.1 Brazil
        13.4.2 Argentina
        13.4.3 Colombia
        13.4.4 Chile
        13.4.5 Rest of South America
    13.5 Rest of the World
        13.5.1 Middle East
            13.5.1.1 Saudi Arabia
            13.5.1.2 UAE
            13.5.1.3 Israel
            13.5.1.4 Rest of the Middle East
        13.5.2 Africa
            13.5.2.1 South Africa
            13.5.2.2 Nigeria
            13.5.2.3 Rest of Africa
14. Global Zirconium Tetrafluoride Market – Entropy
    14.1 New Product Launches
    14.2 M&As, Collaborations, JVs and Partnerships
15. Global Zirconium Tetrafluoride Market – Industry/Competition Segment Analysis 
    15.1Company Benchmarking Matrix – Major Companies
    15.2 Market Share at Global Level - Major companies
    15.3 Market Share by Key Region - Major companies
    15.4 Market Share by Key Country - Major companies
    15.5 Market Share by Key Application - Major companies
    15.6 Market Share by Key Product Type/Product category - Major companies
16. Global Zirconium Tetrafluoride Market – Key Company List by Country Premium 
17. Global Zirconium Tetrafluoride Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    17.1 Fluoropharm Chembase
    17.2 Aurora Fine Chemicals
    17.3 Nanoshel LLC
    17.4 Saint-Gobain ZirPro
    17.5 Base Resources Limited
    17.6 AK Scientific Fluoropharm Chembase
    17.7 Finetech Industry
    17.8 3B Scientific
    17.9 Ambinter
    17.10 Tronox Holdings Plc and others 
"*Financials would be provided on a best effort basis for private companies*"
 

LIST OF TABLES

1.Global Zirconium Tetrafluoride Market, by Type Market 2023-2030 ($M)
2.Global Zirconium Tetrafluoride Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
3.Global Zirconium Tetrafluoride Market, by Type Market 2023-2030 (Volume/Units)
4.Global Zirconium Tetrafluoride Market Analysis and Forecast by Type and Application Market 2023-2030 (Volume/Units)
5.North America Zirconium Tetrafluoride Market, by Type Market 2023-2030 ($M)
6.North America Zirconium Tetrafluoride Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
7.South America Zirconium Tetrafluoride Market, by Type Market 2023-2030 ($M)
8.South America Zirconium Tetrafluoride Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
9.Europe Zirconium Tetrafluoride Market, by Type Market 2023-2030 ($M)
10.Europe Zirconium Tetrafluoride Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
11.APAC Zirconium Tetrafluoride Market, by Type Market 2023-2030 ($M)
12.APAC Zirconium Tetrafluoride Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
13.MENA Zirconium Tetrafluoride Market, by Type Market 2023-2030 ($M)
14.MENA Zirconium Tetrafluoride Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)

LIST OF FIGURES

1.US Global Zirconium Tetrafluoride Industry Market Revenue, 2023-2030 ($M)
2.Canada Global Zirconium Tetrafluoride Industry Market Revenue, 2023-2030 ($M)
3.Mexico Global Zirconium Tetrafluoride Industry Market Revenue, 2023-2030 ($M)
4.Brazil Global Zirconium Tetrafluoride Industry Market Revenue, 2023-2030 ($M)
5.Argentina Global Zirconium Tetrafluoride Industry Market Revenue, 2023-2030 ($M)
6.Peru Global Zirconium Tetrafluoride Industry Market Revenue, 2023-2030 ($M)
7.Colombia Global Zirconium Tetrafluoride Industry Market Revenue, 2023-2030 ($M)
8.Chile Global Zirconium Tetrafluoride Industry Market Revenue, 2023-2030 ($M)
9.Rest of South America Global Zirconium Tetrafluoride Industry Market Revenue, 2023-2030 ($M)
10.UK Global Zirconium Tetrafluoride Industry Market Revenue, 2023-2030 ($M)
11.Germany Global Zirconium Tetrafluoride Industry Market Revenue, 2023-2030 ($M)
12.France Global Zirconium Tetrafluoride Industry Market Revenue, 2023-2030 ($M)
13.Italy Global Zirconium Tetrafluoride Industry Market Revenue, 2023-2030 ($M)
14.Spain Global Zirconium Tetrafluoride Industry Market Revenue, 2023-2030 ($M)
15.Rest of Europe Global Zirconium Tetrafluoride Industry Market Revenue, 2023-2030 ($M)
16.China Global Zirconium Tetrafluoride Industry Market Revenue, 2023-2030 ($M)
17.India Global Zirconium Tetrafluoride Industry Market Revenue, 2023-2030 ($M)
18.Japan Global Zirconium Tetrafluoride Industry Market Revenue, 2023-2030 ($M)
19.South Korea Global Zirconium Tetrafluoride Industry Market Revenue, 2023-2030 ($M)
20.South Africa Global Zirconium Tetrafluoride Industry Market Revenue, 2023-2030 ($M)
21.North America Global Zirconium Tetrafluoride Industry By Application
22.South America Global Zirconium Tetrafluoride Industry By Application
23.Europe Global Zirconium Tetrafluoride Industry By Application
24.APAC Global Zirconium Tetrafluoride Industry By Application
25.MENA Global Zirconium Tetrafluoride Industry By Application