Cadmium: A Global Strategic Business Report
San Jose, CA (PRWEB) October 28, 2008
Cadmium is an indispensable metal for several industries with unique and matchless traits. Global cadmium market is witnessing a slump in production over the past few years. Several developed nations including United States are currently involved in reducing cadmium consumption. However, in developing nations such as China, demand for cadmium batteries is growing. Several manufacturers are involved in increasing output to meet the overall market demand. As demand for batteries continue to surge, production in Asia is expected to stabilize the global cadmium production. Asia-Pacific region is the largest and the fastest growing cadmium market in the world and is projected to cross 9.8 thousand tons by 2012, as stated by Global Industry Analysts, Inc. Consumption of cadmium in batteries end-use segment is projected to be largest and the fastest growing in the global market. The metal's consumption in the sector is estimated at about 15 thousand tons in 2008 and is projected to grow at a compounded annual rate of more than 2% during the 2001-2010 analysis period.
However, handling hazardous cadmium wastes and recycling issues are of major concern in developed nations. As batteries are recyclable, reuse of cadmium reduces hazardous emissions in the environment. With increased awareness on recycling of cadmium, manufacturers are engaged in the development of new product applications. Environmental concerns and strict regulations would reduce or even eliminate cadmium emissions into the environment leading to substantial decline in cadmium consumption in various countries across the world. High cadmium prices are also influencing several buyers, including dealers, to stock up the product. As prices continue to rise, buyers are engaged in purchasing cadmium and plan to sell at a higher price in the future.
Factors that have led to a decline in cadmium production include stringent environmental restrictions, low prices resulting in less profits for producers, and reduction or discontinuation of zinc mining and smelting by many major refineries. Despite decline in primary cadmium production, the production of secondary cadmium has steadily increased in recent years.
The report titled "Cadmium: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a review of market trends & issues, end-use applications, product overview, environmental issues, and recent industry activity. The study also analyzes market data and analytics in volume sales for regions such as United States, Canada, Japan, Europe, Asia-Pacific, and Rest of World by the following product segments - Batteries, Pigments, Coatings & Plating, Stabilizers, and Alloys & Others
Key players dominating the global cadmium market include Britannia Zinc, Canadian Electrolytic Zinc, and Johnson Matthey.
For more details about this research report, please visit http://www.strategyr.com/Cadmium_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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