Zirconium Dioxide Price Trend and Forecast

Zirconium Dioxide Regional Price Overview

Get the latest insights on price movement and trend analysis of Zirconium Dioxide in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Zirconium Dioxide Price Trend for the First Half of 2024

In the first half of 2024, the price trend for zirconium dioxide experienced noticeable upward pressure due to a combination of supply constraints, rising demand, and regulatory challenges. The global supply of zirconium, from which zirconium dioxide is derived, remained concentrated in a few key regions, particularly Australia and South Africa. These regions faced ongoing production challenges, including geopolitical risks and environmental regulations, which contributed to limiting the availability of zirconium resources.
 

Zirconium Dioxide Price Chart

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The extraction and purification of zirconium, particularly the separation of zirconium from hafnium, remained complex and energy-intensive processes. These production challenges, coupled with the high demand for zirconium dioxide in specialized industries, sustained the increase in prices. In the nuclear industry, zirconium dioxide's role in cladding nuclear fuel rods is indispensable, driving demand despite the higher costs. Similarly, its application in the aerospace and military sectors further bolstered its market demand. The combined effect of these factors, alongside stringent environmental compliance requirements, contributed to the rising price trend of zirconium dioxide in the first half of 2024, reflecting the material's critical role in advanced technologies.

Analyst Insight

According to Procurement Resource, Zirconium Dioxide prices are not likely to recede anytime soon; the prices are expected to remain inclined for the majority of next quarter as well.
 

Zirconium Dioxide Price Trend for First Half of 2023

Zirconia, or zirconium dioxide (ZrO2), is a versatile compound with a wide range of industrial uses. It is widely employed in the manufacturing of high-strength ceramics for use in gas turbines and aircraft engines, cutting tools, and dental implants. Because of its remarkable thermal and electrical characteristics, zirconia is used in refractories, fuel cells, and oxygen sensors. In addition, it is used as a pigment in paints and plastics, as well as in the production of jewelry and optical lenses. The demand from these industries thus dictates its price trend.

The first two quarters of 2023 faced adverse consequences of the disruptions in the supply chains. This caused a low influx of material in the region while the demand from the aerospace and refractories remained moderate. This disbalance in the supply-demand equilibria caused the prices of zirconium dioxide to remain afloat in the Asia Pacific region.

Analyst Insight

According to Procurement Resource, the prices of Zirconium dioxide will be affected by the rise in demand from the aerospace and automotive industries and lower rates of production in China.

Procurement Resource provides latest prices of Zirconium Dioxide. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.