Cadmium Market – Revolutionary Trends 2027
Cadmium can be defined as a soft, ductile, malleable, bluish-white metal. It has similar properties to that of zinc, but forms complex compounds with other metals. It is insoluble in water and not flammable in bulk; however, it burns and releases toxic fumes in the powdered form. It was discovered in 1987 in Germany. The country remained the only major producer till large deposits of these minerals were found in Asia Pacific. Cadmium is a minor component in zinc ores and is generally recovered as a byproduct from zinc concentrates. A small amount of cadmium is also recovered from spent nickel-cadmium batteries. The early uses of cadmium were restricted to corrosion resistant plating on steel. It is also used as yellow, orange, and red pigments to color glass and also to stabilize plastic. Biologically, cadmium has no known function in complex organisms, but its traces are found in marine animals in the form of anhydrase. Cadmium is employed in numerous applications; however, the production of rechargeable nickel-cadmium batteries is the most important until recent discoveries of its toxic and environmentally unfriendly nature made it less useful. Based on type, the market for cadmium can be divided into primary and secondary cadmium. Based on application, the market for cadmium can be segmented into pigment, stabilizer, alloy, batteries, coatings, and others.
The market for cadmium is anticipated to witness strong growth during the forecast period owing to its numerous applications. Solar cell manufacturing can offer substantial growth to the cadmium market in the near future. Cadmium telluride is used in the manufacture of thin-film photovoltaic cells, which can be used as potential replacement for silicon-based conventional solar cells. Their usage as alternative solar energy for commercial rooftop applications and large-scale, ground-mounted utility systems can offer lucrative opportunities for the cadmium market during the forecast period. In terms of application, the batteries segment held significant share of the market in 2016. However, the segment is anticipated to expand at a sluggish pace during the forecast period. According to a survey, more than 85% of batteries comprised cadmium in 2009. However, their usage decreased owing to the advent of efficient and less toxic alternatives. Implementation of stringent government regulations on the content of cadmium in electronics is restraining the batteries segment. The European Union set a limit on cadmium content to 0.002% with some exceptions in electronics use. Besides batteries, the coatings segment held promising share of the market in 2016. The coatings segment account for almost 6% of the total cadmium production globally in 2016. Cadmium is primarily used in coating of aircraft components to reduce the corrosion of several metal components. Hydrogen embrittlement of high-strength steels is the only limitation of cadmium electroplating. Cadmium is also used in nuclear reactors, televisions, and sensors, among others.
Browse more detail information about this report visit at at https://www.transparencymarketresearch.com/cadmium-market.html
Geographically, Asia Pacific held significant share of the market in 2016. The market in the region is anticipated to witness strong growth during the forecast period. China accounted for major share of the cadmium market in Asia Pacific in 2016. It was followed by South Korea and Japan. Demand for cadmium is expected to remain high in Asia Pacific in the near future due to the presence of robust manufacturing industry, wherein cadmium is estimated to be utilized for coatings, pigments, batteries, and other uses. In terms of value and volume, the cadmium market in Asia Pacific was followed by that in Europe and North America in 2016. Germany held key share of the cadmium market in Europe in 2016.
Key players operating the market for cadmium include VOTORANTIM METAIS S.A., NYRSTAR, KCM AD, and Teck Resources Limited.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
Request For Custom Research At https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=29834&source=atm
The study is a source of reliable data on: Market segments and sub-segments Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological breakthroughs Value chain and stakeholder analysis
The regional analysis covers: North America (U.S. and Canada) Latin America (Mexico, Brazil, Peru, Chile, and others) Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg) Eastern Europe (Poland and Russia) Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand) Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report: A complete backdrop analysis, which includes an assessment of the parent market Important changes in market dynamics Market segmentation up to the second or third level Historical, current, and projected size of the market from the standpoint of both value and volume Reporting and evaluation of recent industry developments Market shares and strategies of key players Emerging niche segments and regional markets An objective assessment of the trajectory of the market Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Request for TOC of This Report visit at https://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=29834&source=atm