According to a new report published by Reports Monitor titled, “Global Iridium Metal Market, Growth Opportunities, Innovations and Forecast, 2017-2025,” the Iridium Metal Market is growing rapidly from 2017 to 2025.
Iridium is a rare, hard, brittle, and lustrous platinum group metals which high stability in extreme temperature and chemical environments. The excellent properties possessed with energy efficient factor increases its demand in various applications such as automotive, chemical, electronics, medical and others sectors.
The major driver behind the market growth is its growing demand in various applications, iridium possess high melting point, excellent resistance to corrosion and energy efficiency. These factors contribute in the increased adoption of iridium as major raw materials in various applications. Owing to high mechanical strength and melting point, it proves to be a best option in automotive spark plug, the surging demand for commercial automobiles also supports the growth of iridium metal market. Iridium also plays an important role in the chemical reactions by lowering the energy requirement, hence reducing the carbon emissions. However, higher cost involved in the mining and other process, coupled with its limited availability may slow down the growth of market.
More Insightful Information | Request a Sample Copy @ https://goo.gl/fDchGQ
The Iridium Metal market report has been categorized in three sections, the first section entitled as market overview offers a holistic view of the market, coupled with its key trends, drivers, restraints and opportunities. Our analyst implements, several qualitative tools such as SWOT analysis, Porter’s five force analysis among other to interpret and represent key industry findings. The second section provides estimated market size and forecast for key market segments and regional market. The final part includes the study of competitors operating in the market, which includes their mergers/acquisitions, new product development and their financial overview.
The global iridium metal market is majorly segmented on the basis of applications. Despite being a rare element it has gained a significant demand in various applications such as: Automotive, Chemical, Electronics, Medical and others. The rising demand for consumer electronics significantly affects the market growth in positive manner. Progressive demand for commercial vehicles also supports the growth of global iridium metal market.
Iridium is majorly produced in the countries such as South Africa, Russia, Canada, and Zimbabwe, while Brazil, Australia and Myanmar produces iridium in minor quantities. South Africa contributes about 60% of the total iridium production, hence considered as a major country in the market. Russia and Canada extracts iridium using the sulfide in nickel and copper ores.
The major players operating in the iridium metal market are: Anglo Platinium, Lonmin, Norilsk Nickel, Umicore, and Vale, Zimplats, Royal bafokeng Platinium and Sibanye Stillwater and others.
In-depth table of contents for this report @ https://goo.gl/E2yLjV
The study for Iridium Metal Market will provide market size, estimates and forecast based on the following years:
Historic data: 2015
Base Year Estimate: 2016
Forecast: 2017 to 2025
The report has been categorized in two distinctive sections, where the first category titled as Market Overview provides a holistic view of the market, key trends, drivers, challenges/restraints or opportunities with their current and expected impact on the overall industry sales.
Our analyst implement several qualitative tools such as Ansoff’s Matrix, PESTEL analysis, Porter’s five force analysis among other to interpret and represent key industry findings.
The second section of the study provides market size, estimates and forecast for key market segments and regional market. The final part of the report highlights key manufacturers/vendors operating in the associated market.
1.1 Market Definition
1.2. Market Scope
2.1. Primary Research
2.2. Secondary Sources
2.3. Assumptions & Exclusions
3.1. Research Report Segmentation & Scope
3.2. Key Market Trend Analysis
3.2.1. Market Drivers
3.2.2. Market Restraint/Challenges
3.2.3. Market Opportunities
3.3. Porter’s Five Forces Analysis
3.4. Potential Venture Avenues
3.5. Market Share Analysis, 2016
We at Garner Insights.com provide a comprehensive analysis by providing in-depth reports of the various market verticals. Our Mission is to provide a detailed analysis of the vast markets worldwide backed by rich data. Decision makers can now rely on our well-defined data gathering methods to get the correct and accurate market forecasting along with detailed analysis.