New York, NY -- (SBWire) -- 05/07/2021 --The global Ruthenium Market is expected to reach USD 446.8 Million by 2027, according to a new report by Reports and Data. The growth of the market is attributed to the increasing end-use applications of this rare transition metal.
The rising demand for ruthenium from the chemical industry is expected to boost market demand in the upcoming years. The process of electroplating a substrate metal with precious metals, including ruthenium, aids in improving the aesthetics of the underlying substrate as well as helps in imparting added features like enhancing wear resistance and corrosion resistance, and improving electrical conductivity and surface ductility to the substrate. Moreover, ruthenium oxide finds application in the chemical industry for the production of chlorine and is used for the coating of anodes of electrochemical cells. Ruthenium is generally alloyed with platinum or palladium as a hardener to improve the hardness of these metals for application in the production of electrical contacts with wear-resistant properties. This allows the application of a considerably thinner coating that improves electroplating when using these metals.
Increasing demand from the electronics & semiconductor industry is likely to drive the market demand in the future. Advancements in the IoT technology have revolutionized the network connectivity where a wide range of things are connected to the cloud, along with smartphones, and personal computers, among other devices. All of this has been made possible with the advancements in semiconductor chips. Nevertheless, the pace at the semiconductor chips are being innovated is starting to reach its limit and ruthenium is considered as a groundbreaking material in this field. This metal is deployed to increase the storage capacity of hard disk drives. It is most often used for chip resistors and electrical contacts as well as a barrier layer in fabricating microelectronic chip. Also, ruthenium diminishes the likelihood of electromigration, which may cause deterioration and disconnection in an electronic device.
Get a FREE Report Sample with Table of Contents and Figures @ https://www.reportsanddata.com/sample-enquiry-form/2475
By form, dry/powder form contributed to the largest market share in 2018 and is likely to grow at a rate of 5.5% in the forecast period. One of the advantages of this form of ruthenium is its ability to lessen the reaction time, thus leading to an increased yield in a chemical reaction.
By distribution channel, online sales channel is estimated to grow at a significant rate in the period 2019-2027 as online sales channel helps the market players to have access to a broader market irrespective of whether they have a physical presence in that region or not.
By end-users, the electrical & electronics industry held a significant market size in the forecast period and is expected to grow at a rate of 5.5% in the forecast period.
The market in the Asia Pacific region is likely to grow at the fastest rate of 6.7% in the forecast period. The high growth rate of the APAC region is the result of the growing demand for this rare metal in chemical and electronic & semiconductor industries.
Key participants include American Elements, Dyesol, OXKEM, Tanaka Kikinzoku Kogyo K.K., Johnson Matthey, Merck KGaA, Strem Chemicals Inc., Heraeus Holding GmbH, Apeiron Synthesis, and BASF, among others.
Browse Complete Report "Ruthenium Market" @ https://www.reportsanddata.com/report-detail/ruthenium-market
Form Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
Dry/Powder Form
Liquid Form
Gaseous Form
Distribution Channel (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
Online
Offline
End-Users Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
Electrical & Electronics
Chemical
Pharmaceutical
Others
Regional Outlook (Revenue in USD Billion; 2017–2027)
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
TOC -
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2027
Chapter 3. Indicative Metrics
Chapter 4. Ruthenium Segmentation & Impact Analysis
4.1. Ruthenium Material Segmentation Analysis
4.2. Industrial Outlook
………………
Chapter 9. Competitive Landscape
9.1. Market Revenue Share by Manufacturers
9.2. Manufacturing Cost Breakdown Analysis
9.3. Mergers & Acquisitions
9.4. Market positioning
9.5. Strategy Benchmarking
9.6. Vendor Landscape
Chapter 10. Company Profiles
10.1. American Elements
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Technology Insights
10.1.4. Strategic Initiatives
10.2. Dyesol
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Technology Insights
10.2.4. Strategic Initiatives
10.3. OXKEM
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Technology Insights
10.3.4. Strategic Initiatives
10.4. Tanaka Kikinzoku Kogyo K.K.
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Technology Insights
10.4.4. Strategic Initiatives
10.5. Johnson Matthey
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Technology Insights
10.5.4. Strategic Initiatives
Continued……….
Request customization of the report @ https://www.reportsanddata.com/request-customization-form/2475
The report is a qualitative and quantitative research study that offers key insights into the latest strategic steps and tactics undertaken by the industry players to gain a robust footing in the market. The report further offers strategic recommendations to the new and emerging players and established companies to help them overcome the barriers of the industry. The report also covers a comprehensive SWOT analysis and Porter's Five Forces analysis to offer a better understanding of the Ruthenium market and its competitive landscape.
Browse Related Reports –
Biological Safety Testing Market Demand
Paper Pigments Market Share
Iodine Market Trends
Commercial Ornamental Fish Market Analysis
Teleradiology Market Growth
Food Safety Testing Market Size
Thank you for reading our report. For further inquiries or queries about customization, please get in touch with us. Our team will ensure the report you get is best suited to your needs.
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.
Contact Us:
John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Ruthenium Market Size, Demand, Share and Trends Analysis with Leading Industry Players - American Elements, Dyesol, OXKEM and More
The report studies the historical data and offers crucial forecast estimations to assist the readers, investors, stakeholders, and businesses to formulate strategic investment plans