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Cadmium can be defined as a soft, ductile, malleable, bluish-white metal. It has similar properties to that of zinc, but forms complex compounds with other metals. It is insoluble in water and not flammable in bulk; however, it burns and releases toxic fumes in the powdered form. It was discovered in 1987 in Germany. The country remained the only major producer till large deposits of these minerals were found in Asia Pacific. Cadmium is a minor component in zinc ores and is generally recovered as a byproduct from zinc concentrates. A small amount of cadmium is also recovered from spent nickel-cadmium batteries. The early uses of cadmium were restricted to corrosion resistant plating on steel. It is also used as yellow, orange, and red pigments to color glass and also to stabilize plastic. Biologically, cadmium has no known function in complex organisms, but its traces are found in marine animals in the form of anhydrase. Cadmium is employed in numerous applications; however, the production of rechargeable nickel-cadmium batteries is the most important until recent discoveries of its toxic and environmentally unfriendly nature made it less useful. Based on type, the market for cadmium can be divided into primary and secondary cadmium. Based on application, the market for cadmium can be segmented into pigment, stabilizer, alloy, batteries, coatings, and others.

The market for cadmium is anticipated to witness strong growth during the forecast period owing to its numerous applications. Solar cell manufacturing can offer substantial growth to the cadmium market in the near future. Cadmium telluride is used in the manufacture of thin-film photovoltaic cells, which can be used as potential replacement for silicon-based conventional solar cells. Their usage as alternative solar energy for commercial rooftop applications and large-scale, ground-mounted utility systems can offer lucrative opportunities for the cadmium market during the forecast period. In terms of application, the batteries segment held significant share of the market in 2016. However, the segment is anticipated to expand at a sluggish pace during the forecast period. According to a survey, more than 85% of batteries comprised cadmium in 2009. However, their usage decreased owing to the advent of efficient and less toxic alternatives. Implementation of stringent government regulations on the content of cadmium in electronics is restraining the batteries segment. The European Union set a limit on cadmium content to 0.002% with some exceptions in electronics use. Besides batteries, the coatings segment held promising share of the market in 2016. The coatings segment account for almost 6% of the total cadmium production globally in 2016. Cadmium is primarily used in coating of aircraft components to reduce the corrosion of several metal components. Hydrogen embrittlement of high-strength steels is the only limitation of cadmium electroplating. Cadmium is also used in nuclear reactors, televisions, and sensors, among others.

Geographically, Asia Pacific held significant share of the market in 2016. The market in the region is anticipated to witness strong growth during the forecast period. China accounted for major share of the cadmium market in Asia Pacific in 2016. It was followed by South Korea and Japan. Demand for cadmium is expected to remain high in Asia Pacific in the near future due to the presence of robust manufacturing industry, wherein cadmium is estimated to be utilized for coatings, pigments, batteries, and other uses. In terms of value and volume, the cadmium market in Asia Pacific was followed by that in Europe and North America in 2016. Germany held key share of the cadmium market in Europe in 2016.

Key players operating the market for cadmium include VOTORANTIM METAIS S.A., NYRSTAR, KCM AD, and Teck Resources Limited.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Cadmium Market

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