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advanced ceramics market share | by Manufacturers, Business Scope, Key Value, Forecast to 2030
August 24, 2022 7:38 - no comments yetOverview:
Features like excellent chemical & heat resistance and mechanical stress properties keep the advanced ceramics market ahead in the market. Market Research Future (MRFR) believes that the global market would earn better revenues due to several factors like the rising intake of the product by various end user companies, increasing budget for the defense sector, growing investment in the healthcare industry, and others. Developing countries are expected to play a prominent role in taking the market forward as their initiatives to support various end user industries are boring fruits. In the Asia Pacific region, this change is substantial.
Regional Analysis:
Asia Pacific will register the fastest growth during the forecast period. This is primarily due to the booming end user industries like the automobile and electrical & electronics in countries like India, China, Japan, South Korea, Thailand, and others. In North America, the demand will get substantial backup from the military & defense industry where the rising budget is allowing easy percolation of the market.
Segmentation:
The global Advanced Ceramics Market share has been segmented by MRFR analysts on the basis of material, product type, and end-user. Advanced scientific methods have been used to understand various factors impacting the market. It includes graphs, charts, figures, and other scientific models.
By product type, the discussion on the advanced ceramics market has been segmented into ceramic matrix composites, ceramic coatings, monolithic ceramics, and others.
By material, the global market study on the advanced ceramics has been segmented into titanate advanced ceramics, advanced alumina ceramics, advanced ferrite ceramics, zirconate advanced ceramics, and others.
By end user industry, the report on the global advanced ceramics market has been segmented into electrical & electronics, machinery, pharmaceuticals, military & defense, automotive and others. Its use in the electrical and electronics industry is quite substantial as the demand for gadgets is touching the roof in several countries. In Asia Pacific both electrical and electronics and automotive industries are bolstering the regional market growth. The hike in the defense budget to inspire the segmental growth of the military & defense sector. The inclusion of advanced ceramics into machinery to improve performance and increase durability is also expected to push the market forward.
Competitive Landscape:
CoorsTek Inc. (U.S.), Saint-Gobain Ceramic Materials (U.S.), Kyocera Corporation (Japan), CeramTec GmbH (Germany), 3M Company (U.S.), Rauschert Steinbach GmbH (Germany), Morgan Advanced Materials Plc (U.K.), Superior Advanced Ceramics (U.S.), Dyson Advanced ceramics Limited (U.K), and NGK Spark Plug Co., Ltd. (Japan) are major companies impacting the global study of the advanced ceramics market. These companies are making their presence felt by implementing strategies that change the market scenario. Their moves mainly depend on mergers, acquisitions, collaborations, innovations, branding, launching strategies, and others. MRFR, to keep track of the changes and trends that can impact the market, has listed all the recent changes. This will also help in devising future moves to ensure easy growth.
Industry News:
The COVID-19 impact on the advanced ceramics materials is expected to play a crucial role in changing the revenue-incoming pattern of the market. Several end user industries like automobiles and others have started suffering due to the lockdowns that got imposed in several countries and this inspired a cutting in production, implementation of the limited workforce, lack of demand, and others. Due to these, the intake graph changed significantly. However, countries have also started lifting bans, which may change the market scenario and help the market regain the lost ground to some extent.
Cathode Materials Market share 2021 Business Opportunity, Top Companies, Challenges And Opportunities 2030
August 24, 2022 7:24 - no comments yetTop Boosters and Challenges
The widespread use of batteries in consumer electronics and electric vehicles can give a strong fillip to the global market for cathode materials in the following years. The market also stands to benefit from the rising consumption of lightweight and rechargeable batteries in advanced gadgets like laptops and smartphones. The widening application scope of these materials in manufacturing of passenger cars, motorcycles and commercial vehicles helps with market expansion, while the notable spike in energy storage applications can also foster the product demand.
Amidst the growing concerns with regard to the deteriorating environmental health, the demand for energy conservation and alternative energy sources is expected to shoot up in the coming years. Further, the rising installation of smart grids and the mounting preference for renewable energy sources can also stir up the inclination towards cathode materials. The constant menace of power outages, plus the consequent issues faced by industries has culminated to a significant need for continuous power supply systems. A few of the mentioned industries include manufacturing, chemical, healthcare, oil & gas, and more.
Market firms are becoming increasingly aware about sustainable benefits of recycling, efficient waste disposal and battery materials, leading to better streamlining of the disposal and production route worldwide. Also, the surge in R&D activities for more enhanced and efficient cathode materials, like sodium, nickel and lithium can provide plenty of opportunities to the leading vendors in the long run.
For instance, in August 2020, American Manganese came up with the RecycLiCo process that provides an eco-friendly and closed-loop solution for recycling lithium-ion battery cathode materials. It helps achieve close to 100% recovery along with maximum purity of materials like cobalt, lithium, manganese, aluminum and nickel.
Market Insight
The new extensive study by Market Research Future (MRFR) reveals that the cathode materials market share in 2021 can gain at a considerable pace between 2021 and 2030 (evaluation period). We will provide COVID-19 impact analysis with the report, along with all the extensive key developments in the market post the coronavirus disease outbreak.
Market Firms
Market firms profiled in the MRFR report include Targray Technology International Inc. (Canada), 3M (US), Mitsubishi Chemical Holdings (Japan), Sumitomo Corporation (Japan), Johnson Matthey (UK), Kureha Corporation (Japan), POSCO (South Korea), Hitachi Chemical Co., Ltd. (Japan), Umicore (Belgium), NEI Corporation (US), Todakogyo Corp (Japan), Mitsui Mining & Smelting (Japan), to mention a few.
Segmental Analysis
Cathode materials industry can be been segmented depending on materials and end user.
The materials available in the global market include lithium nickel cobalt aluminum (Li-NCA), lithium nickel manganese cobalt (Li-NMC), lithium manganese oxide (LMO), lithium iron phosphate (LFP) and lithium cobalt oxide (LCO).
With respect to end user, the market segments covered in the report are consumer electronics products, energy storage system, automotive, power tools, and more.
Regional Insight
The market has been regionally considered for Europe, Middle East & Africa/MEA, Asia Pacific/APAC, Latin America and North America.
The APAC market remains unbeaten since 2017, stably perched on the top position on account of the increasing industrialization rate in emerging countries like India, Thailand and China. China is at the vanguard of the market growth in the region, thanks to the strong government support and the well-developed manufacturing base. Sharp growth in investments by automotive leaders on manufacturing of electric vehicles and the rising preference for battery energy owing to the alarming surge in CO2 emissions has pushed the demand for electrified vehicles like PHEVs, HEVs and BEVs. This, in turn, has been extremely favorable for the cathode materials market across the region.
North America is one of the strongest contenders in the global market, in light of the frequent technological advancements in automotive, electronics and aerospace industries sparking the development of compatible devices like UAVs, and more. The key trend of electric, hybrid and lightweight vehicles gaining traction in the automotive industry can also most likely boost the market growth in the ensuing years. The soaring use of battery storage systems based on renewable energy to prevent carbon emission and cost issues commonly faced while using fuel energy can do wonders for the cathode materials market in the region.
The European market seems to be performing well owing to the high demand from the automotive industry for lightweight and energy-efficient vehicles. The mounting awareness level with regard to emission-free automobiles is one of the top reasons cited for the market growth in Europe.
Latin America, along with MEA, is observing a promising growth, considering the increasing spending on clean, sustainable and smart development projects. The dramatic growth in the automotive industry also benefits both the markets
Vanadium Market 2021 COVID-19 Impact on Industry Emerging Factors, Demands, Forecast 2028
August 24, 2022 7:16 - no comments yetMarket Overview
In terms of volume, the global vanadium market was 88.23 kilotons in 2021 and is expected to register a CAGR of 6.8% during the review period. Vanadium compound is significantly used as an alloying element in the iron & steel industry. Its corrosion resistance property makes it ideal for application in the manufacturing of tubes and pipes used to carry chemicals. In addition, mixing titanium with vanadium and iron increases the durability and strength of the material used in the manufacturing of wind turbines. For instance, in November 2018, JSW steel announced to ramp up the steel manufacturing capacity to 44–55 million tonnes per annum by 2030 to cater to the need of end-use industries.
Moreover, the demand for vanadium in the energy sector is growing rapidly. It is considered as a superior substitute for lithium used in the manufacturing of batteries. The vanadium-based batteries are highly durable and hold immense energy storage capacity. For instance, in September 2018, Korea Advanced Institute of Science & Technology developed a new vanadium redox-flow battery (VRFB), which has high capacity retention and long durability.
Competitive Analysis
The leading players in the global vanadium market include Williams & Company (US), Bushveld Minerals (South Africa), Atlantic Ltd (Australia), AMG Advanced Metallurgical Group NV (The Netherlands), Bear Metallurgical Company (US), Hickman, Shenzhen Chinary Co., Ltd (China), VanadiumCorp Resource Inc (Canada), EVRAZ (UK), Largo Resources Ltd (Canada), Glencore (Switzerland), and Treibacher Industrie AG (Austria).
Regional Analysis
The Asia-Pacific market is expected to register a healthy CAGR during the forecast period owing to high public and private sector investments in the construction industry. The economic development and urbanization, particularly in India, Philippines, China, and Indonesia has influenced the spending in infrastructure sectors of power, water, telecommunications, and transportation. The North American market is led by the US construction industry growing at a CAGR of 5% in 2018. The growth is driven by the increase in construction activities such as roads and bridges. In North America, South and West regions are expected to register a CAGRs of 6% and 5%, respectively. Thus, infrastructure development and increasing construction activities are likely to propel the growth of the global vanadium market growth during the review period.
Market Segmentation
The global Vanadium market has been segmented on the basis of type, application, and region. By type, the global vanadium market has been divided into vanadium pentoxide, vanadium ferrovanadium, aluminum-vanadium alloys, vanadium chemicals, and others. The vanadium ferrovanadium segment held significant market share in 2017 and is projected to dominate in the coming years owing to the rise in the application in the iron & steel industry. The global market has been segmented based on application into chemical, energy storage, titanium alloys, and others. The high demand for iron & steel in the construction and automotive industries is expected to boost the growth of the segment in the coming years.
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zinc market 2021 | Competitive Landscape and Industry Poised for Rapid Growth 2030
August 24, 2022 6:35 - no comments yetZinc is a metal highly used by all end-use industries. It is extracted via carbon reduction of zinc blende (ZnS) in blast furnaces. The corrosion-resistant properties of the metal make it valuable for steel and iron industries for coating of their products. The report on the global Zinc Market by Market Research Future (MRFR) outlines drivers, restraints, opportunities, and threats as well as measures taken by industry participants in staying afloat in the dynamic market.
Market Outlook
The global Zinc Market is predicted to exhibit a 4.50% CAGR from 2020 to 2027 (forecast period) to touch a size of USD 7,149.90 million. It can accumulate a volume of 1.01 million tons by 2027. The aerospace sector has commanded a high demand for zinc for its anti-corrosive parts. Expansion of fleets as well as replacement of legacy aircraft can act as a plus for the market. According to the Society of Japanese Aerospace Companies (SJAC), aircraft worth USD 19 billion were procured by the Japanese government in 2018.
The building & construction sector accounted for nearly 50% steel production, as per the World Steel Association. The migration to cities by the populace as well as the construction of residential and commercial buildings can induce the demand in the global zinc market. Moreover, anti-dumping taxes levied on countries with high production rates of zinc can bode well for the global market growth.
But the glut of zinc production may hamper its growth.
Competitive Analysis
Leading producers in the global zinc market include Korea Zinc Group, Nyrstar, Glencore Xstrata, Nexa Resources S.A., Boliden, Shaanxi Nonferrous Metals, Teck, China Minmetals Corp, Old Bridge Chemicals, and Zochem, Inc. These players are focused on acquiring licenses on mines in order to resume production. This will ensure a constant supply of zinc to end-users without any drawbacks.
Regional Analysis
Asia Pacific (APAC), North America, Europe, Latin America, and the Middle East & Africa (MEA) are regions are analyzed for the compilation of the global zinc market report.
The APAC regional demand for zinc is mainly driven by automotive and construction sectors. Strong economic growth, as well as the setup of automotive hubs in Japan, China, and India can trigger the demand for zinc in the region. Increased application of zinc-coated alloys can facilitate the global zinc market growth. Moreover, the proposal of anti-dumping fines on imports from China, Korea, and Vietnam by the Indian government to ensure the domestic production is at an all-time high may be a tipping point in the coming years.
The European region can register a remarkable growth rate due to the use of the metal in automotive and consumer electronic products. Exports of aircraft components to the U.K. is likely to bode well for the global zinc market. The proposal by governments in the European region to strengthen their military defenses can augur favorably for the market.
Segmentation Analysis
The global zinc market is segmented by form, application, and end-use industries.
By form, it is segmented into sheet and powder. The powder segment can register an uptick in demand over the forecast period due to the application of the metal in steel coatings.
By application, it is segmented into die casting, galvanizing, and others. The galvanizing segment may accrue significant revenue for the market due to corrosion resistant properties of zinc. The use of zinc coatings for ensuring the strength of steel and metal structures and keeping overhead costs at a minimum can bolster the application growth. In 2018, ThyssenKrupp decided to launch a new galvanizing line for premium coated products.
By end-use industries, it is segmented into consumer goods, transportation, construction, and others.
Industry News
Recently, Force Commodities Ltd., an Australian company, has signed an agreement with the Malawi government for extraction of zinc in the country. It has also acquired a stake in Switzerland company, TerraCare AG, which had a partnership with the indigenous mining company of the country, Galena Mining Ltd.
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Gallium Nitride Market Analysis Business Strategies and Forecast to 2030
August 24, 2022 6:28 - no comments yetMarket Analysis
The global gallium nitride market is predicted to grow at a healthy CAGR between 2021- 2030, according to the new report by Market Research Future (MRFR). Gallium nitride or GaN, simply put, is a wide bandgap semiconductor material. It is widely used to manufacture semiconductor devices like high electron mobility transistor, light-emitting diodes, and others. The performance benefits of gallium nitride over its silicon counterparts like higher operating voltage, high power density, high frequency, and higher temperature, which has increased its demand manifold. It has extensive applications, including industrial and power, healthcare, defense and aerospace, consumer electronics, automotive, and others.
Various factors are adding to the gallium nitride market growth. According to the new MRFR report, such factors include increasing use in different end user industries like defense and aerospace, consumer electronics, automotive, and others, demand for lightweight automotive having improved efficiency, booming consumer electronics industry, and increased use in television, laptops, smartphones, and others. Gallium nitride LEDs are highly favored over conventional lights for the various benefits that it offers, such as power efficiency, consumption of energy, concerns for the environment, and luminosity.
On the contrary, high cost and limited availability are factors that may restrict the gallium nitride market growth over the forecast period.
Market Segmentation
The MRFR report gives an inclusive segmental analysis of the global gallium nitride market Analysis report based on end use industry and type.
By type, the gallium nitride market is segmented into n-type and p-type. Of these, the n-type segment will lead the market over the forecast period for cheap cost and easy availability.
By end user, the gallium nitride market is segmented into industrial and power, healthcare, defense and aerospace, consumer electronics, automotive, and others. Of these, the automotive industry will dominate the market over the forecast period for its excessive use in traffic signals, locomotives, and electric cars.
Key Players
- Cree Inc. (the U.S)
- GaN systems (Canada)
- FUJITSU (Japan)
- Efficient Power Conversion Corporation (the U.S)
- IQE plc (U.K)
- Koninklijke Philips N.V. (the Netherlands)
- Infineon Technologies Ag (Germany)
- Mitsubishi Chemical Corporation (Japan)
- ON Semiconductor (the U.S)
- Taiwan Semiconductor Manufacturing Company (Taiwan)
- Panasonic Corporation (Japan)
- Texas Instruments Incorporated (the U.S)
- TOSHIBA CORPORATION (Japan)
- VisIC (Israel)
- Nippon Telegraph
- Telephone Corporation (Japan)
Regional Analysis
Based on the region, the global gallium nitride market report covers the growth opportunities and recent trends across North America, Europe, the Asia Pacific (APAC), Latin America, and the Middle East and Africa (MEA). Of these, North America will dominate the market over the forecast period. Burgeoning demand for LEDs in various consumer goods, including gaming devices, laptops, computers, television, and others are adding to the gallium nitride market growth in the region. Canada & the US have a maximum share in the region for the sophisticated lifestyle and fast-paced life.
The global gallium nitride market in Europe is predicted to have the second-largest share over the forecast period. Growing technological advances in space science, military, and defense are adding to the gallium nitride market growth in the region.
The global gallium nitride market in the APAC region is predicted to grow at a fast pace over the forecast period. Growing end-user industries in Australia, Taiwan, and South Korea, high sales & revenue in India, Japan, and China, easy availability of suppliers offering raw materials, and burgeoning demand for cheap, high performance, and efficient RF electronics are adding to the gallium nitride growth in the region.
The global gallium nitride market in Latin America & the MEA is predicted to have sound growth over the forecast period.
