Titanate Praseodymium Target Market Trends, Growth and SWOT Analysis 2026

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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.

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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

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.

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About Author

Edwin Santos was born and raised in Puerto Rico. He has contributed to Discovery Magazine, Details and the Huffington Post. Edwin has also served as a commentator for NPR and MSNBC. As a journalist for Oak Tribune, Edwin mostly covers national news. Aside from earning a living as a freelance journalist, Edwin also works as photographer.