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Titanate Praseodymium Target Market

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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
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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