Market Overview:
The global platinum 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 platinum targets from microelectronics and monitor applications. Additionally, the growing demand for storage applications is also expected to fuel the growth of the global platinum target market during the forecast period. North America is expected to dominate the global platinum target market during the forecast period, followed by Europe and Asia Pacific.
Product Definition:
A platinum target is a material used in the production of semiconductor wafers. It has a higher melting point than other materials used in this process, allowing for greater precision and control during fabrication. The importance of platinum target lies in its ability to help create increasingly smaller and more accurate semiconductor devices.
Plane Target:
Plane target is a term used in the jewelry industry to refer to a metal such as gold, platinum, silver and others that has been electroplated or alloyed with other metals. The process of applying this coating makes the metal more malleable so that it can be worked upon by tools or soldered with greater ease. It also helps in increasing the hardness of the metal making it suitable for industrial applications such as welding and brazing.
Rotating Target:
Rotating target is a type of biopsy used to detect cancer cells in the body. It's done by taking tissue or fluid from the outer part of the breast, which is then examined under a microscope for abnormal cell growths. The procedure involves injecting a radioactive substance called radiopharmaceutical, which gets incorporated into the cancer cells and thus helps in their detection.
The procedure works on radio-labeled dextrose that targets.
Application Insights:
The other application segment includes consumer electronics, medical equipment and devices, aerospace & defense, and automotive. The platinum group metals are widely used in the industry owing to their high corrosion resistance. Platinum is mainly used in electrical contacts of automobiles as it does not get decomposed with time. It is also used for manufacturing electrical components such as switches and connectors that are crucial for the operation of a vehicle. In addition, platinum has applications in medical equipment such as sensors where it is utilized for manufacturing thermometers which measure temperature on an electronic device display.
Platinum's use in microelectronics increases during periods when there is growth or expansion of production units within a specific industry vertical e-commerce companies including Flipkart Internet Pvt Ltd., Amazon India Pvt Ltd.
Regional Analysis:
Asia Pacific dominated the global platinum market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of nearly 60% of global demand in 2017 owing to high product consumption by various industries including automotive, electronics, and jewelry. China is one of the largest consumers of platinum group metals (PGM) due to rapid industrialization coupled with strong economic growth.
The country has witnessed significant development in several sectors such as energy, healthcare, infrastructure, construction industry etc., which has resulted into increased product consumption over the past few years.
Growth Factors:
- Increased demand for platinum in the automotive and jewelry industries.
- Rising prices of platinum, making it a more valuable commodity.
- Growing popularity of platinum as an investment asset class.
- Limited supply of platinum relative to other precious metals, driving up its price further over time.
Scope Of The Report
Report Attributes
Report Details
Report Title
Platinum 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
167
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Platinum Target Market Report Segments:
The global Platinum 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 Platinum 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 Platinum 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?
Platinum Target is a loyalty rewards program offered by American Express. It allows cardholders to earn points for every dollar they spend at participating merchants. Points can be redeemed for gift cards, merchandise, travel benefits, and other rewards.
Some of the major players in the platinum target market are Lesker, SAM, Nexteck, ZNXC, Beijing Guanli, Lida Optical and Electronic, TYR.
The platinum 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 Platinum 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 Platinum Target Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Platinum 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 Platinum 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 Platinum Target Market Size & Forecast, 2018-2028
4.5.1 Platinum Target Market Size and Y-o-Y Growth
4.5.2 Platinum Target Market Absolute $ Opportunity
Chapter 5 Global Platinum Target 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 Platinum Target 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 Platinum Target 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 Platinum Target 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 Platinum 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 Platinum 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 Platinum Target Analysis and Forecast
9.1 Introduction
9.2 North America Platinum Target 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 Platinum Target 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 Platinum Target 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 Platinum Target Analysis and Forecast
10.1 Introduction
10.2 Europe Platinum Target 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 Platinum Target 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 Platinum Target 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 Platinum Target Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Platinum Target 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 Platinum Target 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 Platinum Target 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 Platinum Target Analysis and Forecast
12.1 Introduction
12.2 Latin America Platinum Target 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 Platinum Target 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 Platinum Target 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) Platinum Target Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Platinum Target 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) Platinum Target 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) Platinum Target 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 Platinum Target Market: Competitive Dashboard
14.2 Global Platinum 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
