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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.

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.

Titanate Praseodymium Target Market Taxonomy

On the basis of product type, the titanate praseodymium target market is segmented into:

  • Cylindrical Target
  • Plane Target

On the basis of process type, the titanate praseodymium target market is segmented into:

  • Vapor Deposition Materials
  • Melting

On the basis of end-use Industry, the titanate praseodymium target market is segmented into:

  • Automotive
  • Solar Energy
  • Electrical and Electronics

On the basis of region, the titanate praseodymium target market is segmented into:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Russia
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East
    • GCC
    • Rest of Middle East
  • Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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