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Zirconium Nitride Market By Grade (Agricultural Grade, Food Grade, Industrial Grade, Optical Grade, Pharmaceutical Grade, Others) By Application (Agriculture, Automotive, Aerospace, Coating, Food, Equipment, Industrial cutting tools, Pharmaceutical, Others)- Growth, Size, Share and Competitive Analysis 2015 – 2027

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Market Insights

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, and industrial equipment. In addition, it is used in laboratory crucibles, cermets, and refractories. The global market size of Zirconium Nitride has crossed a valuation of USD 100 million. Driven by the strong application base, the Zirconium Nitride industry is targeted to surpass USD 183.4 million in 2027. The global Zirconium Nitride market is expected to exhibit a CAGR of around 8.3% during the analysis period.

Zirconium Nitride Market

Increasing Demand from Automobile and Industrial Applications

Zirconium Nitride is a very hard material; hence, it is mainly applied as a hard coating for different machine tools. Major applications of machine tools coated with Zirconium Nitride include machining various alloys such as copper, aluminum, titanium, and brass. With the rising demand for machining tools, the demand for Zirconium Nitride is expected to be increased consistently. Secondly, Zirconium Nitride is also growing in popularity among automobile & aerospace manufacturers on account of its excellent ability to withstand corrosive environments. Medical devices are another important outlet for the growth of Zirconium Nitride. Zirconium Nitride offers an excellent alternative to titanium nitride. Zirconium Nitride exhibits better corrosion resistance and provides superior surface properties required in the medical device field.

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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 a 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. As a result, the global Zirconium Nitride market is anticipated to attain pre-COVID 19 levels soon.

Asia-Pacific to Dominate the global Zirconium Nitride market

Asia-Pacific is expected to command the global Zirconium Nitride market throughout the forecast period. The region maintained its dominance amid COVID 19 pandemic by holding almost one-third of the total revenue generated by this industry in 2020. The Asia Pacific is dominating the global automobile industry with the highest ever production as well as demand. China, South Korea, India, and Japan collectively hold over 35% share of total production and demand for automobiles worldwide. With increasing applications of Zirconium Nitride in the automobile industry, the demand is likely to be high over the foreseen period.

Increasing Demand for Industrial-grade Zirconium Nitride

Zirconium Nitride has a wide application base and is available in various grades suitable for various applications. Agricultural Grade, food grade, industrial grade, optical grade, and pharmaceutical grade are the major grades of zirconium nitride. All industrial-grade zirconium nitride is growing at a rapid pace among all grades. The huge demand for industrial-grade zirconium nitride is attributed to the demand for non-corrosive coating in automobiles, aerospace, and industrial cutting tools. In addition, the need for coating for crucibles and other medical devices drives the demand for pharmaceutical-grade zirconium nitrate.

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Demand from Automobile Industry is Growing at a Steady Pace

Agriculture, automotive, aerospace, coating, food, equipment, industrial cutting tools, and pharmaceutical are some important applications for Zirconium Nitride. Zirconium Nitride is mainly used in different applications owing to its better wear & tear properties and outstanding corrosion resistance. Hence it is mainly employed in applications where such properties are necessary. Likewise, zirconium nitride coating is provided to prevent corrosion in automobile parts. As a result, the automobile sector accounted for nearly 15.6% of the overall revenue generated by the global Zirconium Nitride Industry in 2020.

American Elements and Japan New Metals Co Ltd are some of the leading manufacturers of Zirconium Nitride. Most manufacturers are trying to increase their market presence by strengthening their distribution channels. Many China-based players manufacture Zirconium Nitride, including Jinzhou Haixin Metal Materials Co Ltd, Shandong Honrel Co Limited, Shanghai St-Nano Science & Technology Co Ltd, etc. Capacity expansion is a major strategy adopted by the key players to enhance their foothold in the global market.

Zirconium Nitride Market

Table of Content

1.Preface

1.1.Report Description
1.1.1.Purpose of the Report
1.1.2.Target Audience
1.1.3.USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1.Phase I – Secondary Research
1.3.2.Phase II – Primary Research
1.3.3.Phase III – Expert Panel Review
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation

2.Executive Summary

2.1.Market Snapshot: Global Zirconium Nitride Market

3.Market Dynamics

3.1.Introduction
3.1.1. Global Zirconium Nitride Market Value, 2015-2027, (US$ Bn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition, 2020
3.3.1.Grade
3.3.2.Application
3.3.3.Geography

4.Market Positioning of Key Players, 2020

4.1.Company market share of key players, 2020
4.2.Top 6 Players
4.3.Top 3 Players
4.4.Major Strategies Adopted by Key Players

5.COVID 19 Impact Analysis

5.1.Global Zirconium Nitride Market Pre Vs Post COVID 19, 2019 – 2027
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply

6.North America

6.1.North America Zirconium Nitride Market, by Country, 2015-2027 (US$ Bn)
6.1.1.U.S.
6.1.2.Canada
6.1.3.Mexico
6.2.North America Zirconium Nitride Market, by Grade, 2015-2027 (US$ Bn)
6.2.1.Overview
6.2.2.Agricultural Grade
6.2.3.Food Grade
6.2.4.Industrial Grade
6.2.5.Optical Grade
6.2.6.Pharmaceutical grade
6.2.7.Others
6.3.North America Zirconium Nitride Market, By Application, 2015-2027 (US$ Bn)
6.3.1.Overview
6.3.2.Agriculture
6.3.3.Automotive
6.3.4.Aerospace
6.3.5.Coating
6.3.6.Food
6.3.7.Equipment
6.3.8.Industrial Cutting Tools
6.3.9.Pharmaceuticals
6.3.10.Others

7.Europe

7.1.Europe Zirconium Nitride Market, by Country, 2015-2027 (US$ Bn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Belgium
7.1.8.Netherland
7.1.9.Austria
7.1.10.Sweden
7.1.11.Poland
7.1.12.Denmark
7.1.13.Switzerland
7.1.14.Rest of Europe
7.2.Europe Zirconium Nitride Market, by Grade, 2015-2027 (US$ Bn)
7.2.1.Overview
7.2.2.Agricultural Grade
7.2.3.Food Grade
7.2.4.Industrial Grade
7.2.5.Optical Grade
7.2.6.Pharmaceutical grade
7.2.7.Others
7.3.Europe Zirconium Nitride Market, By Application, 2015-2027 (US$ Bn)
7.3.1.Overview
7.3.2.Agriculture
7.3.3.Automotive
7.3.4.Aerospace
7.3.5.Coating
7.3.6.Food
7.3.7.Equipment
7.3.8.Industrial Cutting Tools
7.3.9.Pharmaceuticals
7.3.10.Others

8.Asia Pacific

8.1.Asia Pacific Zirconium Nitride Market, by Country, 2015-2027 (US$ Bn)
8.1.1.China
8.1.2.Japan
8.1.3.South Korea
8.1.4.India
8.1.5.Australia
8.1.6.New Zealand
8.1.7.Taiwan
8.1.8.Southeast Asia
8.1.9.Central Asia
8.1.10.Rest of Asia Pacific
8.2.Asia Pacific Zirconium Nitride Market, by Grade, 2015-2027 (US$ Bn)
8.2.1.Overview
8.2.2.Agricultural Grade
8.2.3.Food Grade
8.2.4.Industrial Grade
8.2.5.Optical Grade
8.2.6.Pharmaceutical grade
8.2.7.Others
8.3.Asia Pacific Zirconium Nitride Market, By Application, 2015-2027 (US$ Bn)
8.3.1.Overview
8.3.2.Agriculture
8.3.3.Automotive
8.3.4.Aerospace
8.3.5.Coating
8.3.6.Food
8.3.7.Equipment
8.3.8.Industrial Cutting Tools
8.3.9.Pharmaceuticals
8.3.10.Others

9.Latin America

9.1.Latin America Zirconium Nitride Market, by Country, 2015-2027 (US$ Bn)
9.1.1.Brazil
9.1.2.Argentina
9.1.3.Peru
9.1.4.Chile
9.1.5.Colombia
9.1.6.Rest of Latin America
9.2.Latin America Zirconium Nitride Market, by Grade, 2015-2027 (US$ Bn)
9.2.1.Overview
9.2.2.Agricultural Grade
9.2.3.Food Grade
9.2.4.Industrial Grade
9.2.5.Optical Grade
9.2.6.Pharmaceutical grade
9.2.7.Others
9.3.Latin America Zirconium Nitride Market, By Application, 2015-2027 (US$ Bn)
9.3.1.Overview
9.3.2.Agriculture
9.3.3.Automotive
9.3.4.Aerospace
9.3.5.Coating
9.3.6.Food
9.3.7.Equipment
9.3.8.Industrial Cutting Tools
9.3.9.Pharmaceuticals
9.3.10.Others

10.Middle East

10.1.Middle East Zirconium Nitride Market, by Country, 2015-2027 (US$ Bn)
10.1.1.UAE
10.1.2.KSA
10.1.3.Israel
10.1.4.Turkey
10.1.5.Iran
10.1.6.Rest of Middle East
10.2.Middle East Zirconium Nitride Market, by Grade, 2015-2027 (US$ Bn)
10.2.1.Overview
10.2.2.Agricultural Grade
10.2.3.Food Grade
10.2.4.Industrial Grade
10.2.5.Optical Grade
10.2.6.Pharmaceutical grade
10.2.7.Others
10.3.Middle East Zirconium Nitride Market, By Application, 2015-2027 (US$ Bn)
10.3.1.Overview
10.3.2.Agriculture
10.3.3.Automotive
10.3.4.Aerospace
10.3.5.Coating
10.3.6.Food
10.3.7.Equipment
10.3.8.Industrial Cutting Tools
10.3.9.Pharmaceuticals
10.3.10.Others

11.Africa

11.1.Africa Zirconium Nitride Market, by Country, 2015-2027 (US$ Bn)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Africa Zirconium Nitride Market, by Grade, 2015-2027 (US$ Bn)
11.2.1.Overview
11.2.2.Agricultural Grade
11.2.3.Food Grade
11.2.4.Industrial Grade
11.2.5.Optical Grade
11.2.6.Pharmaceutical grade
11.2.7.Others
11.3.Africa Zirconium Nitride Market, By Application, 2015-2027 (US$ Bn)
11.3.1.Overview
11.3.2.Agriculture
11.3.3.Automotive
11.3.4.Aerospace
11.3.5.Coating
11.3.6.Food
11.3.7.Equipment
11.3.8.Industrial Cutting Tools
11.3.9.Pharmaceuticals
11.3.10.Others

12.Global

12.1.Global Zirconium Nitride Market, by Grade, 2015-2027 (US$ Bn)
12.1.1.Overview
12.1.2.Agricultural Grade
12.1.3.Food Grade
12.1.4.Industrial Grade
12.1.5.Optical Grade
12.1.6.Pharmaceutical grade
12.1.7.Others
12.2.Global Zirconium Nitride Market, By Application, 2015-2027 (US$ Bn)
12.2.1.Overview
12.2.2.Agriculture
12.2.3.Automotive
12.2.4.Aerospace
12.2.5.Coating
12.2.6.Food
12.2.7.Equipment
12.2.8.Industrial Cutting Tools
12.2.9.Pharmaceuticals
12.2.10.Others

13.Company Profiles

13.1.American Elements
13.2.Japan New Metals Co Ltd
13.3.Jinzhou Haixin Metal Materials Co Ltd
13.4.Nippon Light Metal Company Ltd
13.5.Otto Chemie Pvt Ltd
13.6.Oxkem Limited
13.7.Shandong Honrel Co Limited
13.8.Shanghai St-Nano Science and Technology Co Ltd
13.9.Zircomet Ltd
13.10. Zirconium Chemicals Pvt Ltd

List of Figures

FIG. 1 Global Zirconium Nitride Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Zirconium Nitride Market Segmentation
FIG. 4 Global Zirconium Nitride Market, by Grade , 2019 (US$ Bn)
FIG. 5 Global Zirconium Nitride Market, by Application, 2019 (US$ Bn)
FIG. 6 Global Zirconium Nitride Market, by Geography, 2019 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Geography, 2019
FIG. 8 Global Market Positioning of Key Zirconium Nitride Market Manufacturers, 2019
FIG. 9 Global Zirconium Nitride Market Value Contribution, By Grade, 2019 & 2027 (Value %)
FIG. 10 Global Zirconium Nitride Market, by Grade 1, Value, 2015-2027 (US$ Bn)
FIG. 11 Global Zirconium Nitride Market, by Grade 2, Value, 2015-2027 (US$ Bn)
FIG. 12 Global Zirconium Nitride Market, by Grade 3, Value, 2015-2027 (US$ Bn)
FIG. 13 Global Zirconium Nitride Market, by Grade 4, Value, 2015-2027 (US$ Bn)
FIG. 14 Global Zirconium Nitride Market, by Grade 5, Value, 2015-2027 (US$ Bn)
FIG. 15 Global Zirconium Nitride Market, by Others, Value, 2015-2027 (US$ Bn)
FIG. 16 Global Zirconium Nitride Market Value Contribution, By Application, 2019 & 2027 (Value %)
FIG. 17 Global Zirconium Nitride Market, Application 1, Value, 2015-2027 (US$ Bn)
FIG. 18 Global Zirconium Nitride Market, by Application 2, Value, 2015-2027 (US$ Bn)
FIG. 19 Global Zirconium Nitride Market, by Application 3, Value, 2015-2027 (US$ Bn)
FIG. 20 Global Zirconium Nitride Market, by Application 4, Value, 2015-2027 (US$ Bn)
FIG. 21 Global Zirconium Nitride Market, by Application 5, Value, 2015-2027 (US$ Bn)
FIG. 22 Global Zirconium Nitride Market, by Others, Value, 2015-2027 (US$ Bn)
FIG. 23 U.S. Zirconium Nitride Market, 2015-2027 (US$ Bn)
FIG. 24 Rest of North America Zirconium Nitride Market, 2015-2027 (US$ Bn)
FIG. 25 U.K. Zirconium Nitride Market, 2015-2027 (US$ Bn)
FIG. 26 Germany Zirconium Nitride Market, 2015-2027 (US$ Bn)
FIG. 27 France Zirconium Nitride Market, 2015-2027 (US$ Bn)
FIG. 28 Rest of Europe Zirconium Nitride Market, 2015-2027 (US$ Bn)
FIG. 29 Japan Zirconium Nitride Market, 2015-2027 (US$ Bn)
FIG. 30 China Zirconium Nitride Market, 2015-2027 (US$ Bn)
FIG. 31 India Zirconium Nitride Market, 2015-2027 (US$ Bn)
FIG. 32 Rest of Asia Pacific Zirconium Nitride Market, 2015-2027 (US$ Bn)
FIG. 33 Middle East & Africa Zirconium Nitride Market, 2015-2027 (US$ Bn)
FIG. 34 Latin America Zirconium Nitride Market, 2015-2027 (US$ Bn)

Frequently asked questions about global Zirconium Nitride industry

What are the consequences of COVID 19 on global Zirconium Nitride industry?

Automotive, aerospace, and industrial sector received major hit from COVID 19, which are the important and significant application markets for Zirconium Nitride. As a result, COVID 19 has left very server impact on global Zirconium Nitride market and the industry registered negative growth of 20% in 2020 and likely recover slowly over the years to come.

Who are the top five players in the global Zirconium Nitride industry?

American Elements, Japan New Metals Co Ltd, Jinzhou Haixin Metal Materials Co Ltd, Nippon Light Metal Company Ltd and Zircomet Ltd are among some of the leading players in the global Zirconium Nitride market.

Which is the fastest growing application market for global Zirconium Nitride industry?

Medical and Automobile industry are some of the fastest growing application markets for the global Zirconium Nitride market

Which is the leading regional market for global Zirconium Nitride industry?

Backed by the strong demand for automobile, aerospace and industrial applications, the demand for Zirconium Nitride is mainly dominated by the Asia Pacific

What will be the CAGR (2021 – 2027) of in global Zirconium Nitride industry?

The global Zirconium Nitride market report provide CAGR of 8.3% from 2021 to 2027

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