Market Overview:
The global high purity ruthenium metal precursors market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for ruthenium in various applications such as LED, solar cell, and others. In terms of type, the solid segment is expected to dominate the global high purity ruthenium metal precursors market during the forecast period. This can be attributed to its properties such as resistance against corrosion and chemical attack.
Product Definition:
A High Purity Ruthenium Metal Precursor is a molecule or compound that is used to produce ruthenium metal. These precursors are important because they provide a high degree of purity for the ruthenium metal, which is necessary for many industrial and commercial applications.
Solid:
Solid is the largest market for high purity ruthenium metal precursors. Solid is also the fastest growing segment in terms of revenue and volume. The growth factor for solid segment is increasing with time as it has a huge demand from various application industries such as automotive, aerospace & defense, electronics industry, etc.
Liquid:
Liquid is a solution of ruthenium metal in ethanol. It is used as a high-purity precursor to the solid ruthenium metal powder. Liquid can be used for various applications such as an additive in electronic devices, coating material for catalysts or chemical sensors and also as an alloying agent with platinum, palladium and gold metals.
Application Insights:
High purity ruthenium metal precursors are used in various applications including LED, solar cell, others. Among all applications, LED application segment accounted for the maximum market share of 34.1% in terms of volume in 2017. The growth can be attributed to the increasing demand for energy efficient lighting products across end-use industries such as building & construction and automotive which is likely to propel product demand over the forecast period.
Rising awareness regarding environment protection coupled with government initiatives encouraging adoption of energy efficient products is expected to drive solar cell production thereby augmenting product consumption over the forecast period. In addition, technological advancements and new manufacturing processes further enhancing efficiency are anticipated to boost solar cell production thus driving industry growth during future years.
Regional Analysis:
Asia Pacific emerged as the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region is attributed to increasing demand from key application sectors, such as LED lighting, solar cells, medical equipment manufacturing and others. China accounted for a major share in global production owing to low raw material prices and high economic benefits associated with it.
North America was estimated at USD X million in 2017 on account of growing applications from various end-use industries across U.S., Canada and Mexico coupled with stringent regulations by environmental agencies regarding emission levels into atmosphere [1]. Europe also held a significant share due to early adoption of high purity ruthenium metal precursors across several countries including Germany, UK, France among other Eastern European countries [2].
Growth Factors:
- Increasing demand for ruthenium in various end-use industries such as automotive, aerospace, and medical implants is expected to drive the growth of the global high purity ruthenium metal precursors market over the forecast period.
- Growing popularity of platinum group metals (PGMs) in various applications is also anticipated to boost the demand for high purity ruthenium metal precursors during the forecast period.
- Rising investments by key players in research and development activities to develop new products is projected to fuel the growth of this market over the next few years.
- Increasing use of ruthenium in fuel cells is another major factor that would propel market growth during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
High Purity Ruthenium Metal Precursors Market Research Report
By Type
Solid, Liquid
By Application
LED, Solar Cell, Others
By Companies
TANAKA, Sterm Chemical, Merck, ADEKA, Hansol Chemical, Yoke Technology (Up Chem), DNF, Soulbrain
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
208
Number of Tables & Figures
146
Customization Available
Yes, the report can be customized as per your need.
Global High Purity Ruthenium Metal Precursors Market Report Segments:
The global High Purity Ruthenium Metal Precursors market is segmented on the basis of:
Types
Solid, Liquid
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
LED, Solar Cell, 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:
- TANAKA
- Sterm Chemical
- Merck
- ADEKA
- Hansol Chemical
- Yoke Technology (Up Chem)
- DNF
- Soulbrain
Highlights of The High Purity Ruthenium Metal Precursors 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:
- Solid
- Liquid
- By Application:
- LED
- Solar Cell
- 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 High Purity Ruthenium Metal Precursors 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
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- Consumer Insights
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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?
High purity ruthenium metal precursors are materials that can be used to create ruthenium metal. These materials are typically made from metals that have been purified of other elements, such as copper or nickel.
Some of the major companies in the high purity ruthenium metal precursors market are TANAKA, Sterm Chemical, Merck, ADEKA, Hansol Chemical, Yoke Technology (Up Chem), DNF, Soulbrain.
The high purity ruthenium metal precursors 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 High Purity Ruthenium Metal Precursors 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 High Purity Ruthenium Metal Precursors Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 High Purity Ruthenium Metal Precursors 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 High Purity Ruthenium Metal Precursors 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 High Purity Ruthenium Metal Precursors Market Size & Forecast, 2018-2028 4.5.1 High Purity Ruthenium Metal Precursors Market Size and Y-o-Y Growth 4.5.2 High Purity Ruthenium Metal Precursors Market Absolute $ Opportunity
Chapter 5 Global High Purity Ruthenium Metal Precursors 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 High Purity Ruthenium Metal Precursors Market Size Forecast by Type
5.2.1 Solid
5.2.2 Liquid
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global High Purity Ruthenium Metal Precursors 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 High Purity Ruthenium Metal Precursors Market Size Forecast by Applications
6.2.1 LED
6.2.2 Solar Cell
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Purity Ruthenium Metal Precursors 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 High Purity Ruthenium Metal Precursors 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 High Purity Ruthenium Metal Precursors Analysis and Forecast
9.1 Introduction
9.2 North America High Purity Ruthenium Metal Precursors 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 High Purity Ruthenium Metal Precursors Market Size Forecast by Type
9.6.1 Solid
9.6.2 Liquid
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 High Purity Ruthenium Metal Precursors Market Size Forecast by Applications
9.10.1 LED
9.10.2 Solar Cell
9.10.3 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 High Purity Ruthenium Metal Precursors Analysis and Forecast
10.1 Introduction
10.2 Europe High Purity Ruthenium Metal Precursors 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 High Purity Ruthenium Metal Precursors Market Size Forecast by Type
10.6.1 Solid
10.6.2 Liquid
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 High Purity Ruthenium Metal Precursors Market Size Forecast by Applications
10.10.1 LED
10.10.2 Solar Cell
10.10.3 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 High Purity Ruthenium Metal Precursors Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific High Purity Ruthenium Metal Precursors 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 High Purity Ruthenium Metal Precursors Market Size Forecast by Type
11.6.1 Solid
11.6.2 Liquid
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 High Purity Ruthenium Metal Precursors Market Size Forecast by Applications
11.10.1 LED
11.10.2 Solar Cell
11.10.3 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 High Purity Ruthenium Metal Precursors Analysis and Forecast
12.1 Introduction
12.2 Latin America High Purity Ruthenium Metal Precursors 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 High Purity Ruthenium Metal Precursors Market Size Forecast by Type
12.6.1 Solid
12.6.2 Liquid
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 High Purity Ruthenium Metal Precursors Market Size Forecast by Applications
12.10.1 LED
12.10.2 Solar Cell
12.10.3 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) High Purity Ruthenium Metal Precursors Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) High Purity Ruthenium Metal Precursors 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) High Purity Ruthenium Metal Precursors Market Size Forecast by Type
13.6.1 Solid
13.6.2 Liquid
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) High Purity Ruthenium Metal Precursors Market Size Forecast by Applications
13.10.1 LED
13.10.2 Solar Cell
13.10.3 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 High Purity Ruthenium Metal Precursors Market: Competitive Dashboard
14.2 Global High Purity Ruthenium Metal Precursors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 TANAKA
14.3.2 Sterm Chemical
14.3.3 Merck
14.3.4 ADEKA
14.3.5 Hansol Chemical
14.3.6 Yoke Technology (Up Chem)
14.3.7 DNF
14.3.8 Soulbrain