Market Overview:
The global chromium single crystal market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for chromium single crystals in various applications such as electronic, optics, alloy, cermet and others. In terms of type, 4N segment is expected to hold the largest share in the global chromium single crystal market during the forecast period. However, 5N segment is projected to grow at a higher CAGR owing to its superior properties over 4N grade crystals. In terms of application, electronic segment is estimated to account for majority share in 2018 and is projected witness highest growth rate during the forecast period.
Product Definition:
A chromium single crystal is a perfect, unblemished specimen of the metal chromium. It is typically used in research and development to study the physical and chemical properties of chromium.
4N:
4N is the natural log of 4. It's a term used in chemistry to express the number of molecules there are in one gram molecule of solute. In other words, it's a measure for how concentrated or diluted a solution is. Chromium (III) oxide has been known to react with water and form solid chromate minerals such as Cr2O3-H2O and Cr22+.
5N:
5N is the temperature in degrees above absolute zero. At this temperature, the nuclei and electrons in a crystal are at their lowest possible energy level. The higher the 5N, generally means better quality product with less defects or impurities.
The single crystals used for producing semiconductors are grown under controlled conditions using techniques such as Bridgman-Skiff method and electron beam evaporation (EBE).
Application Insights:
The electronic application segment accounted for a revenue share of more than 50% in 2017. Chromium is used as an alloy in the production of semiconductors and super alloys. The growing electronics industry across the globe is expected to remain a key factor driving the demand over the forecast period.
Electronic devices such as integrated circuits, digital sensors, and transistors are made from semiconductor materials such as silicon, germanium, and gallium arsenide among others which have different properties depending upon their composition. Chromium-based alloys are widely used to manufacture these devices due to their high strength characteristics that make them ideal for use in applications where high reliability is required or where miniaturization of components is important owing to technological developments like 3D printing which has increased product demandability over recent years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several key players such as SANY Group (China), Nippon Crystal (Japan), and Kishida Shuzo Co., Ltd. (Japan). These companies have been consistently investing in R&D activities for developing advanced products, which are majorly attributed to product demand growth in APAC region.
The presence of large-scale manufacturers coupled with increasing domestic consumption has resulted into high production volume of single crystals in Japan, thus driving regional market growth. Furthermore, growing awareness regarding chromium content among consumers has led them to prefer alternatives for stainless steel cookware that contain chromium rather than opting for single crystal products that do not contain any element from group 3 on EPA’s list of toxic substances known as hazardous materials.
Growth Factors:
- Increasing demand for chromium single crystal from the semiconductor and electronics industry for use in manufacturing of LED lights, solar cells and other electronic components.
- Growing demand for chromium single crystal from the automotive industry as a key component in manufacturing catalytic converters and exhaust systems.
- Rising popularity of chromium single crystals among jewelry makers and other luxury goods manufacturers due to its superior optical properties.
- Increasing research and development spending by governments and private companies on new applications of chromium single crystals that could lead to wider adoption across various industries. 5) Growing awareness about the unique properties of chromium single crystals among consumers, which is likely to result in an increase in demand over time
Scope Of The Report
Report Attributes
Report Details
Report Title
Chromium Single Crystal Market Research Report
By Type
4N, 5N, Others
By Application
Electronic, Optics, Alloy, Cermet, Others
By Companies
MaTecK GmbH, American Elements, Princeton Scientific, Beijing Germantech
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Chromium Single Crystal Market Report Segments:
The global Chromium Single Crystal market is segmented on the basis of:
Types
4N, 5N, Others
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
Electronic, Optics, Alloy, Cermet, 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:
- MaTecK GmbH
- American Elements
- Princeton Scientific
- Beijing Germantech
Highlights of The Chromium Single Crystal 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:
- 4N
- 5N
- Others
- By Application:
- Electronic
- Optics
- Alloy
- Cermet
- 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 Chromium Single Crystal 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
Frequently Asked Questions?
Chromium single crystal is a type of chromium metal that has been cut into a very thin sheet. Chromium single crystals are often used in scientific research because they have a high degree of purity and can be easily manipulated.
Some of the key players operating in the chromium single crystal market are MaTecK GmbH, American Elements, Princeton Scientific, Beijing Germantech.
The chromium single crystal market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Chromium Single Crystal Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Chromium Single Crystal Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Chromium Single Crystal Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Chromium Single Crystal Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Chromium Single Crystal Market Size & Forecast, 2020-2028
4.5.1 Chromium Single Crystal Market Size and Y-o-Y Growth
4.5.2 Chromium Single Crystal Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 4N
5.2.2 5N
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Electronic
6.2.2 Optics
6.2.3 Alloy
6.2.4 Cermet
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Chromium Single Crystal Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Chromium Single Crystal Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 4N
9.6.2 5N
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Electronic
9.10.2 Optics
9.10.3 Alloy
9.10.4 Cermet
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 4N
10.6.2 5N
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Electronic
10.10.2 Optics
10.10.3 Alloy
10.10.4 Cermet
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 4N
11.6.2 5N
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Electronic
11.10.2 Optics
11.10.3 Alloy
11.10.4 Cermet
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 4N
12.6.2 5N
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Electronic
12.10.2 Optics
12.10.3 Alloy
12.10.4 Cermet
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 4N
13.6.2 5N
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Electronic
13.10.2 Optics
13.10.3 Alloy
13.10.4 Cermet
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Chromium Single Crystal Market: Competitive Dashboard
14.2 Global Chromium Single Crystal Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 MaTecK GmbH
14.3.2 American Elements
14.3.3 Princeton Scientific
14.3.4 Beijing Germantech
