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This growth is attributed to growing application of "Titanate Praseodymium Target" in automotive glass coupled with growth of the automobile industry and Top Trending Key Factors are ACI Alloys, Inc., China Leadmat Advanced Material Co., Ltd., and Vacuum

05-07-2019 03:53 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent Market Insight

Titanate Praseodymium Target

Titanate Praseodymium Target

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.

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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.

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.

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.

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Titanate Praseodymium Target Market Taxonomy
On the basis of product type, the titanate praseodymium target market is segmented into:
• Cylindrical Target
• Plane Target
On the basis of process type, the titanate praseodymium target market is segmented into:
• Vapor Deposition Materials
• Melting
On the basis of end-use Industry, the titanate praseodymium target market is segmented into:
• Automotive
• Solar Energy
• Electrical and Electronics
On the basis of region, the titanate praseodymium target market is segmented into:
• North America
◦ U.S.
◦ Canada
◦ Mexico
• Europe
◦ U.K.
◦ Germany
◦ Italy
◦ France
◦ Russia
◦ Spain
◦ Rest of Europe
• Asia Pacific
◦ China
◦ India
◦ Japan
◦ ASEAN
◦ Australia
◦ South Korea
◦ Rest of Asia Pacific
• South America
◦ Brazil
◦ Argentina
◦ Rest of South America
• Middle East
◦ GCC
◦ Rest of Middle East
• Africa

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysisthrough various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

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