SAN FRANCISCO -- Zirconium oxide market is expected to witness significant increase on account of growing ceramic industry over the next six years. Increasing demand for zirconium oxide in numerous applications such as medical products, optical fibers and waterproofing clothing is expected to supplement market growth. The demand is expected to show high growth as a result of increasing use in nuclear and biomedical applications. In addition, its increasing use in protective coating and diamond simulant for jewelery is anticipated to drive market demand over the forecast period. Asia Pacific is expected to propel market growth on account of increasing ceramic tile, medical and construction industry mainly in China, India, Australia and South Korea. The U.S. is expected to witness significant growth on account of rising demand from ceramics and nuclear energy sector over the forecast period. However, volatility in the prices of zirconium coupled with shortage in supply is expected to restrain market growth over the next six years.

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