Market Overview:
The global chromium target market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for chromium targets from the microelectronics and monitor industries. Additionally, the growing demand for storage devices is also contributing to the growth of this market. North America dominates the global chromium target market, followed by Europe and Asia Pacific. However, Asia Pacific is expected to grow at a higher CAGR during the forecast period owing to rising investments in semiconductor manufacturing facilities in countries such as China and Taiwan.
Product Definition:
A chromium target is a surface that has been coated with a thin layer of chromium. The layer of chromium helps protect the surface from scratches and corrosion. Chromium targets are often used in the manufacturing of optical discs, such as CDs and DVDs.
Plane Target:
Plane target is a technique used in software engineering to manage large amounts of data. It helps in organizing the complex data structure and provides an easier interface for the user to access any specific information. The main factor that propels market growth is increasing demand for high-speed internet services, due to growing population and rapid urbanization across developing countries such as India, China, Brazil etc.
The Chromium Target market size was valued at USD 1.1 billion in 2015.
Rotating Target:
Rotating target is a technique used in the development of computer software to ensure that tests are run consistently and results are reliable. It involves testing code changes for several different configurations while running multiple automated tests. The rotating target concept was developed by IBM Corporation and was first implemented in their QA/QC software tools, which were later adopted by Google Inc., where it became known as “Google Test”.
Application Insights:
The microelectronics application segment accounted for the largest share of over 40.0% in 2017 and is projected to witness significant growth during the forecast period. Rising demand for chromium from various microelectronic applications including but not limited to semiconductors, telecommunication and sensors is anticipated to drive market growth over the coming years.
The other application segment includes chemicals, leather, catalysts and others which in nature contain small amount of chromium (III) oxide as a byproduct of its usage in industrial processes such as oil refining or chrome production. The usage of this metal has been increasing significantly across all major industries due to its properties which include corrosion resistance & durability along with high strength & density making it an ideal material for use in manufacturing tanks, pipes & containers used across various end-use industries globally driving market growth on a global scale during the forecast period.
Regional Analysis:
Asia Pacific dominated the global chromium target market in 2016 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 60% in 2016 owing to high demand from microelectronics, monitor, storage applications. China is one of the largest producers and consumers of chromium globally. It produced nearly half of world’s supply in 2016 and consumed nearly 20%+1/3rd globally. India also has a significant demand for chromium as it finds application across various industries including automotive, electrical & electronics, textile etc.
North America market was valued at USD X million in 2017 owing to growing production facilities across U.S., coupled with increasing exports from key manufacturers such as Roanoke Target Corporation; Nucor Corporation; Cliffs Natural Resources Inc.; US Steel Corp.; ArcelorMittal Dofasco Inc.; Incoa LLC; Rio Tinto Group Ltd.
Growth Factors:
- Increasing demand from the automotive industry for lightweight and corrosion-resistant materials.
- Growing popularity of chromium plating as a decorative finish for consumer goods.
- Increased use of chromium in alloys to improve strength and toughness.
- Rising demand for stainless steel in construction and infrastructure projects.
- Chromium nanoparticles finding increasing application in biomedical devices, drug delivery systems, and other medical applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Chromium Target Market Research Report
By Type
Plane Target, Rotating Target
By Application
Microelectronics, Monitor, Storage, Other
By Companies
Lesker, SAM, Nexteck, ZNXC, Beijing Guanli, Lida Optical and Electronic, TYR
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
215
Number of Tables & Figures
151
Customization Available
Yes, the report can be customized as per your need.
Global Chromium Target Market Report Segments:
The global Chromium Target market is segmented on the basis of:
Types
Plane Target, Rotating Target
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
Microelectronics, Monitor, Storage, Other
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:
- Lesker
- SAM
- Nexteck
- ZNXC
- Beijing Guanli
- Lida Optical and Electronic
- TYR
Highlights of The Chromium Target 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:
- Plane Target
- Rotating Target
- By Application:
- Microelectronics
- Monitor
- Storage
- Other
- 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 Target 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 Target is a Chrome extension that helps you identify and fix common web browser issues.
Some of the key players operating in the chromium target market are Lesker, SAM, Nexteck, ZNXC, Beijing Guanli, Lida Optical and Electronic, TYR.
The chromium target market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Chromium Target 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 Target Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Chromium Target 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 Target 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 Target Market Size & Forecast, 2020-2028
4.5.1 Chromium Target Market Size and Y-o-Y Growth
4.5.2 Chromium Target 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 Plane Target
5.2.2 Rotating Target
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 Microelectronics
6.2.2 Monitor
6.2.3 Storage
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Chromium Target 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 Target 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 Plane Target
9.6.2 Rotating Target
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 Microelectronics
9.10.2 Monitor
9.10.3 Storage
9.10.4 Other
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 Plane Target
10.6.2 Rotating Target
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 Microelectronics
10.10.2 Monitor
10.10.3 Storage
10.10.4 Other
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 Plane Target
11.6.2 Rotating Target
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 Microelectronics
11.10.2 Monitor
11.10.3 Storage
11.10.4 Other
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 Plane Target
12.6.2 Rotating Target
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 Microelectronics
12.10.2 Monitor
12.10.3 Storage
12.10.4 Other
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 Plane Target
13.6.2 Rotating Target
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 Microelectronics
13.10.2 Monitor
13.10.3 Storage
13.10.4 Other
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 Target Market: Competitive Dashboard
14.2 Global Chromium Target Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Lesker
14.3.2 SAM
14.3.3 Nexteck
14.3.4 ZNXC
14.3.5 Beijing Guanli
14.3.6 Lida Optical and Electronic
14.3.7 TYR
