Praesodymium Hexafluoroacetylacetonate Market Key Highlights:
- Market Size (2024): USD 48.2 Million
- Projected Market Size (2034): USD 95.7 Million
- CAGR (2023-2034): 7.1%
Pricing Analysis:
- Price Growth
- Regional Variations
Volume Analysis:
Import-Export Data
- Major Importers
- Major Exporters
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Price by Manufacturer
- Examination of pricing strategies adopted by various manufacturers.
Praesodymium Hexafluoroacetylacetonate Market
The praesodymium hexafluoroacetylacetonate market is a crucial sector of the chemical industry. This industry deals in the manufacturing and distribution of praseodymium(III) across the world. These compounds are also known as praseodymium(III) hydrate, having a chemical formula of C15H6F18O6Pr. It is a light green crystalline powdery substance with a melting point of 114.5-127.7 °C. These materials find numerous applications in the magnetic industry due to their paramagnetic properties. The demand for praesodymium hexafluoroacetylacetonate has increased in the telecommunication sector due to its superior optical properties. This market is expected to rise significantly with the growth in the organometallic industry across the globe.
The demand for these materials has increased rapidly in the glass industry. In the glass industry, praesodymium hexafluoroacetylacetonate is used in the production of bullet-proof glasses. Also, the increased application of these materials in magnets and laser crystals to make high-strength neodymium magnets and laser crystal substances has gained traction in recent times. Moreover, the growing usage of these compounds in the solar energy industry, along with their increased application in water treatment, is an ongoing trend. Thus, the rising application of these materials in the above-mentioned sectors is expected to boost the growth of the praesodymium hexafluoroacetylacetonate market.
- In December 2023, BOC Sciences joined hands with Spaya. This joint venture is done to expand its chemical offerings across the world.
The advancements in praseodymium-141 isotopes, along with the growing adoption of these materials in the aerospace sector are expected to create ample opportunities for the market players in the future.
Praesodymium Hexafluoroacetylacetonate Market Segmentation:
By Type
- 98% Purity
- 99% Purity
- Greater Than 99.9% Purity
- Other
By Application
- Chemical Industry
- Electronics
- Other
Praesodymium Hexafluoroacetylacetonate Market Companies:
- American Elements
- ABCR
- A2B Chem
- Angene
- BOC Sciences
- Chemwill Asia
- Gelest
- NBInno
- Strem
- Santa Cruz Biotechnology
- Volatec
- Rare Earth Products
- Arctom
- Apollo Scientific.
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