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Zirconium Silicate

Zirconium Silicate Price Trend and Forecast

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Zirconium Silicate Price Trend and Forecast

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Market Overview

For the Quarter Ending June 2022

North America

Q2 2022 became a battle between government and high inflation in the country. Inflationary pressure remained a major concern for the US market, as it was the prime factor behind the price increments of several commodities. The data shows that Zirconium Silicate has not remained untouched by the huge pressure of rising raw material costs. The Zirconium Silicate price rose effectively during this quarter due to high raw material costs, which was later exacerbated by high natural gas value due to high demand. However, by the end of the quarter, decisions by the country's central bank to calm the huge burden of inflation led to an economic slowdown in the country.

Asia

Zirconium Silicate price remained firm in the Asian market during Q2 2022, sustaining an uptrend across major Asian economies. Although pandemic-related uncertainties have impacted the market dynamics of China, which was struggling to recover from the devastation, Zirconium Silicate prices have also risen in the country. Data shows a hike of around 2% during June, owing to ample demand from the international market while domestic consumption was reduced. However, trade disturbance across the country supported this price uptrend. In addition, the Indian market maintained stability in economic activities, and no pandemic-related or other market disturbances were observed during this quarter.

Europe

European Zirconium Silicate prices remained buoyant throughout the quarter, primarily driven by high input costs. ChemAnalyst data shows a significant hike of around 1% in Germany by the mid of May 2022, owing to high input costs under the influence of fuming energy prices. As per the insights, the PMI index of Germany had been resilient at an elevated value, supporting the price uptrend for several essential and non-essential commodities in the country. Additionally, since the Russia-Ukraine war escalated, the natural gas cost has already been at a high value, looming another steep surge due to reduced supplies by Russia via Nord Stream 1 pipeline.

For the Quarter Ending March 2022

North America

Zirconium Silicate market remained buoyant across North America region during this quarter owing to stable offtakes from the downstream consumers, coupled with soaring upstream value. As per the data, steep rise in raw material cost was observed, bolstered by rising upstream value under the influence of ongoing Russia-Ukraine conflict. Furthermore, demand fundamentals for the product from downstream construction sector showcased significant pickup as a seasonal phenomenon. Sudden escalation of Russia Ukraine conflict disturbed the market dynamics of several commodity including Zirconium Silicate in the US market, as traders were uncertain about future procurements for Silicates. Thus, post these market hiccups, Zirconium Silicate was assessed around USD 3155/MT during February.

Asia Pacific

Asian Silicate Market showcased consistent hike throughout the quarter, owing to stable offtake from the domestic market coupled with rising production cost. In China, the prices of Zirconium Silicate continued to stay in an uptrend with a marginal increase of around 1% in the month of February. The initial production halts on the account of Chinese Spring Festival and Winter Beijing Olympics, impacted the domestic Zirconium Silicate market. Post the holiday break, the key market players witnessed numerous enquiries for the product which resulted in the positive base price revisions in the region. Also, the increased demand from the downstream Ceramic industry supported the price hike. The price discussions were assessed at USD 2779/MT for Zirconium Silicate Powder FOB Shandong in February.

Europe

In Europe, the price of Zirconium Silicate soared by average 2% during the month of February, backed by robust demand and constraint supply as the price of feedstock Silica was rising. The price of Zirconium Silicate powder was assessed at USD 3199/MT FD Hamburg. The prime reason for this surge in price of Zirconium Silicate was higher upstream cost as the prices of feedstocks as well as the upstream were rising consistently due to rising threat of inflationary pressure on Europe due to Russia-Ukraine conflict. Furthermore, the strong demand from end-use industries such as ceramic and enamel was also propelling the prices of Zirconium Silicate. Moreover, the last weeks of February witnessed a sudden halt in the supply of silicates owing to the disturbance across the Black Sea, hence further rise in the price of Zirconium Silicate was observed.

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Services

Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Zirconium Silicate is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

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Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

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Company Profile

Basic details and information on financial performance of leading global players in the Zirconium Silicate market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Zirconium Silicate manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.

Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Zirconium Silicate market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.

Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behaviour of consumers across the globe.

Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Zirconium Silicate market. Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis. Finally, region-specific markets for Zirconium Silicate are analyzed and region-wise demand pattern is tracked.

About

Zirconium Silicate is a widely used in daily life ceramic chemical, which is extracted through mining. At all temperatures, zirconium silicates powder is employed largely as an additive in polishes. Although Tin(IV) is more effective, zirconium materials are far more practical, as they are less reactive and more stable in reduction. Zirconium Silicate is soluble in Water, acids, alkali, and aqua regia. In nature, zirconium silicate is found as the mineral zircon. Zircon is a clear, translucent, or opaque mineral that crystallises in the tetragonal system and is mostly made of zirconium silicate, ZrSiO4. By fusing SiO2 and ZrO2 in an arc furnace or reacting a zirconium salt with sodium silicate in an aqueous solution, zirconium silicate can be produced.

Product Specific Details:

CAS No:	10101-52-7
HS Code:	25309099
Grade:	Standard
Contract Size:	30-50 MT
Packaging Type:	25kg bags

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Incoterms: CFR, FOB, Ex-Works, Bulk Contracted, Spot

Countries Covered:

• China

• Germany

• India

• Italy

• Poland

• Spain

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Zirconium Silicate Price Trend and Forecast

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