Pune, India -- (SBWire) -- 03/21/2019 --The Germanium Market's segment market shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates. Each segment represented visually with supporting reasons to justify the growth rates. IGR's report also covers drivers and restraints in the germanium market.
Infinium Global Research's report covers the annual growth of the Global germanium market. It also includes chapters on the Global germanium industry trends, geographic analysis, and competitive landscape.
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The report also includes a SWOT analysis to present the indicators of strength, weakness, prospects, and risk of the market until the completion of the projection period in 2024.
Germanium market: Industrial Insight
Germanium is a metalloid in a carbon group that is majorly used in the as a semiconductor in transistors and various other electronic devices. Germanium has similar chemical and physical properties as Silicon so it is known as the semiconductor alternative to the silicon. Germanium is recovered as a by-product of zinc and copper-zinc-lead ores. Germanium oxides have diffusion properties and Germanium has a high refractive index, which supports its use as a component in microscope objective and wide-angle lenses.
Germanium market: Market Insight
The germanium is largely consumed in the semiconductor industry as its pure form used in the manufacturing of transistors that are used in the several electronics applications. It plays a vital role in the manufacturing of the transistors and integrated circuits that are driving the growth of germanium market worldwide. Additionally, the high adaption of germanium in the manufacturing of solar panels is contributing to the growth of germanium market. The germanium is vastly used in the manufacturing of optical fiber as a dopant that in turn promotes the growth of germanium in the telecommunications sector. Furthermore, the use of germanium in the formation of glass that can improve the index of refraction of the glass. These glasses are used to produce the wide-angle lenses and in infrared devices that are expected to escalate the growth of germanium market. However, easy availability of other cheap semiconductor materials is expected to hamper the growth of germanium market. Furthermore, the growing awareness about the medical applications of germanium is projected to create several growth opportunities in the germanium market over the forecast period.
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Germanium market: Segmentation
The global germanium market is segmented into application and end-user. By end user, the germanium market is categorized as electronics, aerospace, renewable energy, chemical, and others. Among these applications, Electronics industry holds the significant market share in the germanium market. The germanium is an important element in the manufacturing of the rectifiers and photocells. Thus, this drives the growth of germanium in the electronics sector. In terms of applications, the market is further divided into the catalyst, solar panels, consumer electronics, and others.
Germanium market: Regional Insight
Geographically, Asia Pacific is the dominating and the fastest growing region in the germanium market. In the Asia Pacific, China holds the maximum market share in this market. China has the largest reservation. So, China is the largest production region. The factor such as growing consumer electronic industry is driving the growth of Asia Pacific germanium market. Additionally, North America is also holding a considerable market share in the germanium market.
Germanium market: Competitive Analysis
The key companies in the Yunnan Chihong Zinc & Germanium Co., Ltd., Yunnan Lincang Xinyuan Germanium Industry Co., Ltd., Shaoguan Smelting Plant, China Germanium Co., Ltd, Yunnan Luoping Zinc & Electricity Co., Ltd, Teck, Zhonghao Technology, JSC Germanium, Umicore, and PPM Pure Metals. The new product launch, mergers, and Acquisition are the key expansion strategies for some major players working in the germanium market.
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Future of Global Germanium Market Along with Key Drivers, Major Manufactures, Business Insights, Trends and Forecast 2024
A recent report published by Infinium Global Research on germanium market provides in-depth analysis of segments and sub-segments in the global as well as regional germanium market. The global germanium market is projected to grow at a healthy CAGR over the forecast period of 2018-2024.