Global Zirconium Market to See Strong Growth
The global zirconium market is expected to grow at a CAGR of 6.91% from 2016-2020.
By volume, the global zirconium market is expected to grow at a compound annual growth rate (CAGR) of 6.91% from 2016-2020, according to a recent report available from Research and Markets. Zirconium (Zr) is a grayish-white chemical element sourced from zircon (ZrSiO4) sand. It is strong, ductile, malleable, and extremely resistant to heat and corrosion by other agents in nature. It is very weak in absorbing thermal neutrons. Therefore, zirconium alloys are used in fuel cladding. Zirconium is widely used in various applications such as ceramics, chemicals, refractories, foundries and television glass.
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