#Titanate Praseodymium Target Market

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Titanate Praseodymium Target Market - Size, Share, Outlook, 2018 – 2026

Titanate praseodymium target is a metal target available with minimum purity level of 99.9% to 99.999%. Titanate praseodymium target is available in wide range of shapes such as circle, rectangular, wafer, and tubes amongst others, which is used in flat panel display, optical discs, automotive and architectural glass, solar cells, semiconductors, electron microscopy, and others. Wide range of its applications is in turn fueling growth of the titanate praseodymium target market.

Market Outlook              

The market in Asia Pacific region is expected to witness significant growth in terms of value over the forecast period, owing to growing demand from solar energy end-use industry, which in turn is expected to drive growth of the titanate praseodymium target market. According to the United Nations, World Bank Group, in China, the Renewable Energy Development Project on wind power and solar energy supported the sale of solar powered systems to around 400,000 rural households and institutions in China in 2011.

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However, fluctuating prices of raw material is expected to hinder growth of the titanate praseodymium target market. For instance, in 2009, the cost of praseodymium in China was US$ 18 per kg and increased its cost up to US$ 163 per kg in the first quarter of 2012.

Furthermore, North America witnessed substantial growth in the global titanate praseodymium target market in 2017. This growth is attributed to growing application of titanate praseodymium target in automotive glass coupled with growth of the automobile industry. According to U.S. International Trade Administration (ITA), the U.S. is the world’s second-largest market for vehicle sales and production. In 2017, the light vehicle sales reached 17.1 million units in the U.S.

Key Market Players

Key players operating in the global titanate praseodymium target market include, TESTBOURNE LTD, China Rare Metal Material Co., Ltd., Cathay Advanced Materials Limited, ACI Alloys, Inc., China Leadmat Advanced Material Co., Ltd., and Vacuum Engineering & Materials.

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The research report on Titanate Praseodymium Target Market is segmented by Product Type, by Process Type, by End-use Industry and by Region - Size, Share, Outlook and Opportunity Analysis, 2018 – 2026

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Titanate Praseodymium Market research to Exhibit Significant Opportunity Assessment During the Forecast Period   2019 - 2029

Titanate Praseodymium Market: Introduction

Titanate praseodymium is a metal compound produced with a minimum purity level of 99.9%. Titanate praseodymium consists of Praseodymium which occurs along with other lanthanide elements in a variety of minerals and titanium which is similar to zirconium in its physical and chemical properties. Titanate praseodymium comes in various shapes such as rectangular, circle, tubes and wafer amongst others. Titanate praseodymium is used in a wide variety of application such as optical discs, solar cells, flat panel display, automotive and architectural glass, electron microscopes, semiconductors and others.

Titanate Praseodymium Market: Dynamics

Growing adoption of solar power generation, and increasing urbanization coupled with growing infrastructural activities is expected to be the prominent factor driving the market of titanate praseodymium. Titanate praseodymium is mixed with other metal for the production of architectural glasses, as it provides strength and corrosion resistance to material. Rising demand for glass in building & construction is likely to increase the demand for titanate praseodymium. Moreover, titanate praseodymium is widely consumed in the manufacturing of solar cell as it is cheaper and efficient than other material such as graphene. Increasing focus towards energy conservation is projected to drive the demand for solar photovoltaics, which in turn will positively influence the market growth.

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Titanate praseodymium is also used in the manufacturing of aircrafts engines due to high strength alloy formation with magnesium which makes titanate praseodymium popular material in aerospace industry. Rising aircraft production is expected to drive the demand for titanate praseodymium. The automotive industry is the other sector driving the demand for titanate praseodymium owing to its significant consumption in the manufacturing of automotive glasses and other aesthetic parts. Increasing consumption of titanate praseodymium in the electronic sector for the production of batteries is also augmenting the demand for titanate praseodymium.  Furthermore, titanate praseodymium serves numerous niche application such as optical disc, watches, cigarette lighters, carbon arc lights and electric motor others which creates a significant impact on the titanate praseodymium market in the upcoming years.

The Global titanate praseodymium market is considered to be fragmented due to the presence of many local as well as international players in the market. Manufacturers in the market of titanate praseodymium are adopting various strategies such as expansion, joint ventures to meet the demand of the consumer.   However, fluctuation in the price of raw material is considered to be a restraining factor in the titanate praseodymium market. Moreover, stringent government regulation on the manufacturing of titanate praseodymium may also obstruct the market growth of titanate praseodymium

Titanate Praseodymium Market: Segments-

The Market of Titanate Praseodymium can be segmented into two factors based on its type and application

Titanate Praseodymium market can be segmented based on its Type  

Plane Target

Rotating Target

Titanate Praseodymium market can be segmented based on its Application

Electronics

Solar Cells/Photovoltaics

Architecture Glasses

Automobile Glass

Other

Titanate Praseodymium Market: Regional Overview –

The Asia Pacific region is expected to represent the substantial growth in the titanate praseodymium market in the coming future, owing to increasing demand from solar cell manufacturing, which in turn drives the growth of titanate praseodymium market. Increasing project on solar energy & wind power for energy conservation in countries such as China & India result in boosting the demand for titanate praseodymium. Whereas, Europe & North America are anticipated to witness considerable growth in the global titanate praseodymium market due to increasing automotive glass production triggered by lucrative growth of the automobile industry. Furthermore, Latin America and the Middle East & Africa are estimated to witness moderate growth in the titanium praseodymium market owing to decent growth of the end-use industry such as automotive, electronics and others

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Titanate Praseodymium Market: Key Market Participants

Some of the key market participants in the market of Titanate Praseodymium are as follows:-

Stanford Advanced Materials

Kurt J.Lesker Company(KJLC)

Mi-Net Technology

Testbourne

AbleTarget Limited

ACI Alloys

China Leadmat Advanced Material

China New Metal Materials Technology

Demaco

Cathay Advanced Materials Limited

JINXING METALS

KEHONG Material

Materion

Able Target Limited

China Rare Metal Material

Admat

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Titanate Praseodymium Target Market Size – Rising New Technologies Research Forecast to 2023

Global Titanate Praseodymium Target market is very perforated and therefore the key players have used numerous plans like new product launches, acquisitions, mergers, collaborations, innovation in products, expansions, agreements, joint ventures, et al. to extend their footmarks in current market.

The report is predicated totally on the elements that companies compete within the marketplace also as on those elements that are useful and helpful to the business. Research objectives of the study included the analysis of worldwide Titanate Praseodymium Target Market consumption in terms of size and value supported parameters like regions, application and merchandise type supported data and forecast for the amount of 2025. The report gives a survey of important factors like product analysis, a critical explanation, and other industry-connected data. Major manufacturers are obtaining the strategy of product innovation and development to sustain the increasing competition and boost their consumer base.

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Top Key Players:

Able Target Limited, China New Metal Materials Technology, Kurt J.Lesker Company(KJLC), JINXING METALS, Mi-Net Technology, Demaco, Materion, China Rare Metal Ma, Cathay Advanced Materials Limited, KEHONG Material, China Leadmat Advanced Material, AbleTarget Limited

The Titanate Praseodymium Target report covers the following Types:

Plane Target

Rotating Target

End- Use are divided into:

Display Industry

Solar Energy Industry

Automobile Industry

Other

Geographically Regions covered in this report:

Asia-Pacific

Europe

North America

Middle East & Africa

South America

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Highlights of this Titanate Praseodymium Target Market Report:

Buyers of the report will have access to unique information about top key players of the global Titanate Praseodymium Target Market

The report informs readers about future products and technologies to be introduced in the global Titanate Praseodymium Target Market

Readers are offered with comprehensive analysis on key revenue pockets of the global Titanate Praseodymium Target Market

The report provides details about long-term and short-term strategies adopted by major players of the global Titanate Praseodymium Target Market

In the geographical analysis section, the report discusses about recent market developments in different regions and countries

The authors of the report have provided demand and growth trends of the global Titanate Praseodymium Target Market and also its segments

Customization of the Report: This report can be customized as per your needs for additional data or countries. Please connect with our sales team (sales@researchreportsinc.com)