Zirconium Nitride Market Size By Grade, By Application and By Region – Global Trends and Forecast to 2027

August 04 21:44 2021
Zirconium Nitride Market Size By Grade, By Application and By Region - Global Trends and Forecast to 2027
The market for zirconium nitride is expected to reach USD 183.4 million in 2027, up from USD 103.1 million in 2020. During the forecast period, the market is expected to grow at an 8.3 percent CAGR.

The Zirconium Nitride market is estimated to reach at USD 183.4 million in 2027 from USD 103.1 million in 2020. The market is anticipated to grow at a CAGR of 8.3% during the forecast timeline.

Zirconium Nitride is white volatile water absorbing crystal. It is the zirconium’s metal nitrate salt. It provides good protection against wear and tear and corrosion. It is used for coating medical devices and parts of automotive, aerospace, industrial equipment. It is used in laboratory crucibles, cermets, and refractories. The “Global Zirconium Nitride Market” offers comprehensive and precise insights on this market.

Key Market Drivers and Restraints

This report covers very detailed analysis of major growth driving factors of growth Zirconium Nitride market. It also discusses the key factors affecting market growth for Zirconium Nitride industry and also helps to identify the key growth pockets.

Browse the full report at  https://www.credenceresearch.com/report/zirconium-nitride-market

Impact of COVID 19

COVID 19 has inflicted a severe impact on the global Zirconium Nitride industry. It affected the sales of Zirconium Nitride, and the global Zirconium Nitride market reported around 20.1% decline in its revenue as compared to 2019. However, with the lifting of the restrictions, the production of zirconium nitrate has increased and the demand is also recovering steadily from different industries. The global Zirconium Nitride market is anticipated to attain pre-COVID 19 levels soon.

Asia-Pacific to Dominate the global Zirconium Nitride market

The global Zirconium Nitride market is segmented into six geographies with all major economies pertaining to it. The report offers a comprehensive insight on major regional markets. Asia-Pacific is expected to lead the global market throughout the forecast period by holding 36.2% share in 2020.

Global Zirconium Nitride Market is dominated by the industrial-grade

Agricultural Grade, food-grade, industrial grade, optical grade, and pharmaceutical grade are the major grades of zirconium nitride. Industrial grade zirconium nitride had more demand in 2020. The huge demand for industrial-grade zirconium nitride is attributed to the demand for non-corrosive coating in automobiles, aerospace, and industrial cutting tools industries. The need for coating for crucibles and other medical devices drives the demand for pharmaceutical-grade zirconium nitrate.

The automobile industry is set to dominate the global demand for Zirconium Nitride

Based on Applications, the global Zirconium Nitride market is segmented into agriculture, automotive, aerospace, coating, food, equipment, industrial cutting tools, pharmaceutical, and others. To prevent wear and tear of high-end industrial cutting tools, zirconium nitride coating is provided. Likewise, to prevent corrosion in automobile parts, zirconium nitride coating is provided. The automobile sector accounted for nearly 15.6% of the overall revenue generated by the global Zirconium Nitride Industry.

Market Segmentation

Global Zirconium Nitride Market by Grade, 2015 – 2027

  • Agricultural Grade
  • Food Grade
  • Industrial Grade
  • Optical Grade
  • Pharmaceutical Grade
  • Others

Global Zirconium Nitride Market by Application, 2015 – 2027

  • Agriculture
  • Automotive
  • Aerospace
  • Coating
  • Food
  • Equipment
  • Industrial cutting tools
  • Pharmaceutical
  • Others

Global Zirconium Nitride Market by Region, 2015 – 2027

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Global Zirconium Nitride Market: Key Players

  • American Elements
  • Japan New Metals Co Ltd
  • Jinzhou Haixin Metal Materials Co Ltd
  • Nippon Light Metal Company Ltd
  • Otto Chemie Pvt Ltd
  • Oxkem Limited
  • Shandong Honrel Co Limited
  • Shanghai St-Nano Science and Technology Co Ltd
  • Zircomet Ltd
  • Zirconium Chemicals Pvt Ltd

Top Question Answered in The Report Are:

  • What are the consequences of COVID 19 on global Zirconium Nitride industry?
  • Who are the top five players in the global Zirconium Nitride industry?
  • Which is the fastest growing application market for global Zirconium Nitride industry?
  • Which is the leading regional market for global Zirconium Nitride industry?
  • What will be the CAGR (2021 – 2027) of in global Zirconium Nitride industry?
  • What was the volume and revenue of in global Zirconium Nitride industry in 2015?
  • Which are the growing technological trends in in global Zirconium Nitride industry?
  • Which are the major driving forces behind growth of global Zirconium Nitride industry?
  • What are the key growth pockets within global Zirconium Nitride industry?
  • What are the attractive investment prepositions in the global Zirconium Nitride industry?
  • What are the key challenges faced by the industry participants in global Zirconium Nitride market?
  • What is the competitive scenario in global Zirconium Nitride industry?
  • Which are the major production geographies?
  • Who are the major regulatory bodies in global Zirconium Nitride industry?
  • Which are the major companies governing the global Zirconium Nitride industry?

Browse the full report at  https://www.credenceresearch.com/report/zirconium-nitride-market

About Us
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives.

Media Contact
Company Name: Credence Research
Contact Person: Chris Smith
Email: Send Email
Phone: 18003618290
City: SAN JOSE
State: CA
Country: United States
Website: https://www.credenceresearch.com/report/zirconium-nitride-market