Global Cadmium Market is valued approximately USD 43.552 million in 2019 and is anticipated to grow with a healthy growth rate of more than 3.35 % over the forecast period 2020-2027. Cadmium is a naturally occurring soft metal, chemically similar to mercury and zinc. Presently, cadmium has gained wider acceptance in various sectors as it is resistant to corrosion. For Instance: solar cell manufacturing can offer substantial growth to the cadmium as it is used in the manufacture of thin-film photovoltaic cells, which can be used as potential replacement for silicon based conventional solar cells. Numerous applications in various sectors such as electronics, semiconductor, paint & coating and others as it is an indispensable metal with matchless and unique traits will build new growth avenues for the global Cadmium market. Electronics & semiconductor manufacturers have been stepping up on incorporating cadmium with its product as it has many chemical and physical properties such as corrosion resistance, high temperature tolerance, excellent electrical conductivity and low melting point, making it suitable for industry. For Instance: Cadmium is mainly employed for the production of rechargeable nickel cadmium batteries while other end user incorporates it in plating, coatings and pigments and as a stabilizing agent for plastics. Thus, investment in the nickel cadmium batteries is expected to drive the growth of the market. For Instance: in 2018, the Indian automotive battery giant, Exide Industries, announced investment of about $78 million towards creating new manufacturing facility for batteries including nickel cadmium batteries production. However, the stringent regulatory norms are expected to inhibit the market growth. Furthermore, the pandemic has significantly affected all aspects of life, including the NiCd Battery, coating and electronics. The pandemic has contributed to a dampened demand for consumer electronics. Also, the manufacturers of electronics were facing various issues to complete the production schedules due to the Covid-19 lockdown; this has led to a reduction in delivery volumes which would influence the market.
The regional analysis of global Cadmium market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share as China, Republic of Korea, Japan, are the key producing countries of cadmium in the region. Whereas China and Japan are by far the world’s largest consumers of cadmium as per the Indian Mineral yearbook 2018. Cadmium demand in Asia Pacific is expected to remain strong in the near future due to the existence of robust manufacturing industry, wherein cadmium is projected to be used for coatings, pigments, batteries, and other uses. In the forecast period, the manufacture of solar cells is expected to deliver substantial growth for the cadmium industry in the region over the forecast period .
Major market player included in this report are:
Dowa Metals and Mining
Young Poong Corp
Mitsui Mining and Smelting
Teck Resources Ltd.
Luoping Zinc & Electricity
Huludao Zinc Industry
Zhuzhou Smelter Group
Yuguang Gold and Lead
Chelyabinsk Zinc Plant
Toho Zinc Co
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Cadmium Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers