Global Bismuth Borate (BIBO) Crystals Market by Type (Rods, Discs, Slabs), By Application (Second Harmonic Generation (SHG), Third Harmonic Generation (THG), Optical Parametric Amplifiers (OPA) And Oscillators (OPO), Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global Bismuth Borate (BIBO) Crystals market is expected to register a CAGR of 6.5% during the forecast period 2018-2030. The growth in the market can be attributed to the increasing demand for Bismuth Borate (BIBO) Crystals from various applications such as SHG, THG, OPA and OPO, and others. North America is expected to hold a major share of the global Bismuth Borate (BIBO) Crystals market in terms of revenue during the forecast period 2018-2030. Asia Pacific is projected to be the fastest growing region in terms of CAGR during the forecast period 2018-2030 owing to rising demand for optical components from countries such as China and Japan.



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Product Definition:

Bismuth borate (BIBO) crystals are made of a compound consisting of bismuth, oxygen and boron. They have a variety of uses including as a flux in metallurgy, as an additive in enamels and glassmaking, and as a pigment.

Rods:

Rods are small crystalline particles and are formed in a range of sizes. The most commonly used rods for the production of bismuth borate crystals (BI) include LiAlH4, KF, CsCl, and Bi2WO6 among others.

Discs:

Bismuth borate is a chemical compound of Bi2O3+2HgO, which has been used as an additive in the production of glass and ceramics. It can also be used as a catalyst in organic reactions. The product is commercially available in two forms including powder and pellets.

Application Insights:

The second harmonic generation (SHG) segment dominated the global market in terms of revenue in 2017. The growing demand for bismuth phosphate glass, which is used as a source material for OPA and OPO devices, is one of the key factors driving the segment growth. Bismuth phosphate glass provides high-frequency components with low-noise and high signal strength characteristics that are required by modern communication systems.

The third harmonic generation (THG) application segment is expected to witness significant growth over the forecast period owing to its rising use in fiber lasers applications across all regions. THG provides an efficient way of generating highly focused beams that can be transmitted through optical fibers at long distances without loss or degradation due to scattering or absorption properties similar to those exhibited by Bi2S3 materials used as gain media for lasing processes in fiber amplifiers.

Regional Analysis:

Asia Pacific region is expected to be the fastest-growing market for global bismuth borate crystals over the forecast period. The growth of this region can be attributed to increasing demand from end-use industries such as medical, electronics, automotive and others. China is one of the largest consumers in this region owing to its large manufacturing sector and growing economy. In addition, India has also witnessed a significant rise in demand since past few years on account of rapid industrialization along with an increase in consumer electronic goods production capacity.

Europe was estimated as the second-largest regional segment followed by North America for BBcrystals due to high consumption levels coupled with rising applications across several end-use industries such as optoelectronics, SHG/THG devices manufacturing and others. Europe was followed by North America which accounted for a major share owing to high consumption levels coupled with technological advancements pertaining third harmonic generation (SHG) technology used across various applications including medical ultrasound imaging equipment and others).

Growth Factors:

Increasing demand from the optoelectronics industry: The global optoelectronics market is expected to grow at a CAGR of 9.5% during the forecast period, owing to the increasing demand for LEDs and semiconductor lasers. This is expected to drive the growth of the bismuth borate crystals market as well, as these crystals are used in LED manufacturing.
Rising demand for energy-efficient lighting solutions: With governments across the globe implementing stringent regulations aimed at reducing energy consumption, there is an increasing demand for energy-efficient lighting solutions such as LEDs. This is expected to drive growth in the bismuth borate crystals market over the next few years.
Growing popularity of white light-emitting diodes (WLEDs): WLEDs are becoming increasingly popular due to their ability to emit white light without using any filters or color conversion elements like phosphors or quantum dots. This is driving demand for high quality BIBO crystals that can be used in WLEDs applications..


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Scope Of The Report
Report Attributes
Report Details
Report Title
Bismuth Borate (BIBO) Crystals Market Research Report
By Type
Rods, Discs, Slabs
By Application
Second Harmonic Generation (SHG), Third Harmonic Generation (THG), Optical Parametric Amplifiers (OPA) And Oscillators (OPO), Others
By Companies
Crystech, ALPHALAS, Red Optronics, CASTECH, Advatech, Shalom Electro-optics, Shanghai Institute of Optics and Fine Mechanics (SIOM), DIEN TECH, Coupletech
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
142
Number of Tables & Figures
100
Customization Available
Yes, the report can be customized as per your need.

Global Bismuth Borate (BIBO) Crystals Market Report Segments:
The global Bismuth Borate (BIBO) Crystals market is segmented on the basis of:
Types
Rods, Discs, Slabs
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Second Harmonic Generation (SHG), Third Harmonic Generation (THG), Optical Parametric Amplifiers (OPA) And Oscillators (OPO), Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Crystech
ALPHALAS
Red Optronics
CASTECH
Advatech
Shalom Electro-optics
Shanghai Institute of Optics and Fine Mechanics (SIOM)
DIEN TECH
Coupletech



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Highlights of The Bismuth Borate (BIBO) Crystals Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Rods
Discs
Slabs
By Application:
Second Harmonic Generation (SHG)
Third Harmonic Generation (THG)
Optical Parametric Amplifiers (OPA) And Oscillators (OPO)
Others
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Bismuth Borate (BIBO) Crystals Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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