Investment Rating - The report does not provide a specific investment rating for the zirconia industry Core Insights - Zirconia, with its unique physical and chemical properties, is widely applied across multiple fields, showcasing strong technological innovation capabilities and a mature supply chain, leading to continuous market growth driven by strong demand in industrial applications, biomedicine, new energy, and environmental technologies [3][22][40] - The global demand for zirconia is expected to rise, particularly in electric vehicles, clean energy, and biomedicine sectors, as the industry continues to expand and innovate [24][40] Industry Definition - Zirconia, chemically represented as ZrO2, is the primary oxide of zircon, known for its high chemical stability, high melting point (approximately 2,650°C to 2,715°C), and excellent wear and corrosion resistance [4][22] Industry Characteristics - The zirconia industry is characterized by strong technological innovation, high supply chain maturity, and significant technical barriers [11][13][15] Industry Development History - The zirconia industry has evolved through three main phases: the initial discovery and development phase (1892-2000), the commercialization phase (2001-2010), and the rapid growth phase (2011-2024), with China emerging as a global processing center for zircon [16][19][20] Market Size - The zirconia market size grew from 8.28 billion RMB in 2018 to 10.17 billion RMB in 2023, with a compound annual growth rate (CAGR) of 4.16%. It is projected to reach 12.6 billion RMB by 2027, with a CAGR of 5.27% [23][37] Supply Chain Analysis - The zirconia industry faces challenges due to a lack of domestic zircon resources in China, which relies heavily on imports (up to 90%). This dependency has led to increased production costs [22][26] - The production process of zirconia is highly dependent on the quality and availability of raw materials, with significant implications for cost and supply chain stability [25][29] Demand and Application - Zirconia is extensively used in dental restoration materials, refractory materials, electronics, and jewelry, with a notable annual growth rate of 20% in the dental sector [34][35] - The demand for zirconia is expected to surge in the solid-state battery sector, with projections indicating that China's solid-state battery shipments could exceed 250 GWh by 2030 [35][40] Technological Advancements - The industry has seen significant technological advancements, particularly in production methods such as chemical processes and sol-gel techniques, which enhance the quality and application range of zirconia [28][29] Future Outlook - The zirconia industry is poised for continued growth, driven by increasing demand in high-tech sectors and ongoing innovations in material applications [23][40]
氧化锆：创新科技，引领陶瓷材料新革命 头豹词条报告系列
Tou Bao Yan Jiu Yuan·2024-12-16 12:57