Global Praseodymium Market - Industry Trends, Opportunities and Forecasts to 2023
DESCRIPTION The global praseodymium is projected to exhibit a robust CAGR during the forecast period. Praseodymium is the third element of lanthanide series with 59 as atomic number and 140.91u as atomic mass. This rare earth element is soft, silvery, and ductile and is known for its magnetic, chemical, optical, and electrical properties. The praseodymium metal reacts with air to form a green coating on its surface. Praseodymium reacts readily with hot water to form praseodymium hydroxide due to its electropositive property. Reducing anhydrous solution with calcium, yields praseodymium metal. Praseodymium has wide-spread applications in permanent magnet making industry, aircraft engines, and cigarette lighters among others. Optical properties present in praseodymium will help in amplification of telecommunication systems in the coming years. It has its applications in projector lights and studio lighting which is used willingly in motion picture industry. It can be used as single mode fiber optical amplifier when doped in fluoride glass. In healthcare, it is used in scintillator for CT scans. Compounds of praseodymium provide glasses and enamels with yellow color. On the basis of geography, praseodymium market is segmented as North America, Europe, Middle East & Africa, Asia-Pacific, and South America. The increasing demand for praseodymium for different applications such as pigmentation and inking, and stable magnets among others will boost its market across the globe. Despite of boosting drivers the market has some restraints such as changing government policies for export and import of rare earth elements and fluctuation of prices due to dependency for praseodymium on a particular region. However, combination of praseodymium and neodymium to create high power magnets and when used as alloying agent combined with magnesium to form high strength metals used in aircraft engines, will catalyze its market across the globe in the coming years Research Methodology The first section of the report deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which
Global Praseodymium Market - Industry Trends, Opportunities and Forecasts to 2023
were taken for data validation. This section also outlines various segmentations which have been covered as part of the report. Market Dynamics The next section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section. Market Segmentation The global praseodymium market has been segmented on the basis of product, application, and geography. By Product o Praseodymium Metal o Praseodymium Fluoride o Praseodymium Chloride o Praseodymium Acetate o Others By Application o Pigmentation and Inking o Aircraft Engines o Magnets o Carbon Arc Lights o Others By Geography o North America o South America Global Praseodymium Market - Industry Trends, Opportunities and Forecasts to 2023
o Europe o Middle East & Africa o Asia-Pacific Key questions answered by the report What would be the global praseodymium market size from 2017-2022? How are the major drivers and restraints affecting the global praseodymium market and the opportunities which exist for the key vendors? Which segment and region will lead the market growth and why? A comprehensive analysis of competitive landscape and key market participants behavior. Key strategies adopted by vendors, with in-depth analysis along with their impact on competition and market growth.
Global Praseodymium Market - Industry Trends, Opportunities and Forecasts to 2023
TABLE OF CONTENTS 1. Introduction 1.1. Market Definition 1.2. Scope of the study 1.3. Currency 1.4. Assumptions 1.5. Base, and forecast year timeline 2. Research Methodology 2.1. Research Design 2.2. Secondary Sources 2.3. Validation 3. Executive Summary 4. Market Dynamics 4.1. Drivers 4.2. Restraints 4.3. Opportunities and Market Trends 4.4. Market Segmentation 4.5. Porter’s Five Forces Analysis 4.5.1. Bargaining Power of Suppliers 4.5.2. Bargaining Power of Buyers 4.5.3. Threat of New Entrants 4.5.4. Threat of Substitutes 4.5.5. Competitive Rivalry in the Industry 4.6. Industry Value Chain Analysis 4.7. Industry Regulations 4.8. Scenario Analysis 5. Global Praseodymium Market Forecast by Product(US$ million) 5.1. Introduction 5.2. Praseodymium Metal 5.3. Praseodymium Fluoride 5.4. Praseodymium Chloride 5.5. Praseodymium Acetate Global Praseodymium Market - Industry Trends, Opportunities and Forecasts to 2023
5.6. Others 6. Global Praseodymium Market Forecast by Application (US$ million) 6.1. Introduction 6.2. Pigmentation and Inking 6.3. Aircraft Engines 6.4. Magnets 6.5. Carbon Arc Lights 6.6. Others 7. Global Praseodymium Market Forecast by Geography (US$ million) 7.1. Introduction 7.2. North America 7.3. South America 7.4. Europe 7.5. Middle East and Africa 7.6. Asia-Pacific 8. Competitive Intelligence 8.1. Strategies of Key Players 8.2. Recent Investment and Deals 9. Company Profile 9.1. Molycorp, Inc 9.2. Arafura Resources Limited 9.3. Cathay Advanced Materials Limited 9.4. Lynas Corporation Limited 9.5. Metall Rare Earth Limited 9.6. HEFA Rare Earth Canada Company Ltd.
Global Praseodymium Market - Industry Trends, Opportunities and Forecasts to 2023
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Global Praseodymium Market - Industry Trends, Opportunities and Forecasts to 2023