Superconductivity
is a typical phenomenon in which zero electrical resistance and
discharge of magnetic fields occurs in specific materials when cooled
below a distinctive critical temperature. A superconductor is a
basically a material that transfers electrons at critical temperature
from one atom to another without generating any type of resistance
(sound, heat, or any other form of energy). Superconducting materials
typically include metals, compounds (covalent superconductors) and
binary alloys. The demand for superconductors across the globe is
growing swiftly owing to their increasing applications in healthcare,
commercial and industrial sectors. Moreover, superconductors are also
widely used in magnetic resonance imaging and in technologically
advanced studies.
Furthermore,
in future, the superconductors would be used in applications such as
high-performance smart grid, power storage devices, transformers,
electric power transmission, electric motors, fault current limiters,
superconducting magnetic refrigeration and magnetic levitation
devices. The rising demand for superconductors in all such existing
and future applications is expected to drive the global
superconducting materials market in the near future.
Superconducting
metals comprise aluminum, cadmium, gallium, hafnium, mercury, indium,
iridium, lanthanum, molybdenum, osmium, protactinium, niobium, lead,
rhenium, ruthenium, tin, tantalum, technetium, thorium, titanium,
thallium, uranium, vanadium, tungsten, zinc and zirconium. Moreover,
various graphite compounds are used as superconducting materials.
Furthermore, binary alloys such as lanthanum hexaboride, magnesium
diboride, niobium-germanium, niobium monoxide, niobium nitride,
niobium-tin, niobium-titanium, yttrium borides, titanium nitride and
zirconium nitride among others are used for producing
superconductors. The growing demand for superconductors in various
superconductivity applications is predicted to drive the demand for
superconducting materials in the next few years.
Asia
Pacific is expected to be the fastest growing market for
superconducting materials in the coming years. The major reason for
this is the growing demand from developing countries such as China,
India and South East Asian countries such as Thailand, Indonesia,
Vietnam and Malaysia. In addition, the countries in the geographies
such as Africa, South America and the Middle East are showing
vigorous economic growth since the last few years. These nations
mainly include South Africa, Argentina, Brazil, Saudi Arabia, Jordan,
Egypt and Israel. Additionally, the U.S. and the European economies
are slowly but surely recovering from the economic slump. All such
industrial, economic, and demographic factors are eventually creating
a positive prospect for the global economy.
Considering
this positive prospect, the industries such as electrical,
electronics, automotive and healthcare are expected to record an
astonishing growth in the near future. There is an astounding market
potential for the electrical and electronics industry in the
countries such as China, India, Thailand, Indonesia, Vietnam and
Brazil among others. The major companies operating in the electronics
industry are principally focusing on these developing economies for
tapping their immense market potential. The key manufacturers of
advanced electronic products are setting research and development
facilities in these growing countries. Due to this, the demand for
superconducting materials in different end-user industries such as
electronics, electrical, automotive and healthcare is expected to
grow at a remarkable rate in the next six years. Therefore, the
global superconducting materials market is projected to experience a
momentous growth in the coming years.
Some
of the major companies operating in the global superconducting
materials market are Glencore Xstrata plc, Lonmin plc., Alcan Inc.,
Alcoa Inc., Cabot Corp., DuPont, Astron Advanced Materials Ltd.,
Iluka Resources Limited, Tosoh Corp. and China Minmetals Corp. among
others.
This
research report analyzes this market depending on its market
segments, major geographies, and current market trends. Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
More
Reports on Semiconductors and Electronics Market:
http://www.transparencymarketresearch.com/semiconductor-market-reports-5.html
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