Report Code: A09669 | Pages: NA | Mar 2023 | 1140 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
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Rhodium, a chemical element with symbol Rh, is a silvery-white, hard, corrosion-resistant, which can be used as a structuring material for glass manufacturing. It exhibits properties such as high melting point and enhanced corrosion resistance.It is naturally occurring, free metal, rarest, and most valuable precious metals. Alloys made from rhodium are used in manufacturing of LCD glass for flat panel displays and many more products. These alloy compositions are used in low-energy &low-voltage contact, thick &thin film circuits, thermocouples &furnaces, and electrodes. South Africais the largest producer of rhodium.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast units | Value (USD) |
Segments covered | Type, Application, Industry Vertical, and Region |
Regions covered | North America (US and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia Pacific (China, Japan, India, and the Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM), and Middle East and Africa |
Companies covered | Major players analyzed include J and J materials, Inc. pure tech, Merck KGaA, Rhodium ferro Alloys private ltd., American elements, Reade international corp., Nobills metals, Parekh industries, Atlatsa Resources, and Anglo American. |
COVID-19 impact:
Dynamics:
Increasing demand for glass manufacturing, LCD glass panels, and auto-catalyzing is driving the demand for rhodium alloys.Increasing use of rhodium by automotive industry is expected to affect the market growth. Volatility in rhodium prices is one of the major restraining factorsof the market. Rhodium alloy market is still in development stage. As rhodium is one of the rarest metals in the world, supply struggles to catch up to demand. Around more than 50% of all rhodium comes from South African mines, in which distribution is difficult, especially with mining strikes in past years.
North America is at the top position to lead rhodium alloys market in terms of market size. Asia-Pacific, being a growth-oriented country in almost every sector, is growing at a significant rate. Latin America is trying to expand its market size in coming years.
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Questions answered in the rhodium alloys market research report:
Rhodium Alloys Market Report Highlights
Aspects | Details |
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Key Market Players | J and J materials, Inc., Pure tech, Merck KGaA, Rhodium ferro Alloys private ltd., American elements, Reade international corp., Nobills metals, Parekh industries, Anglo American |
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