Lead Selenide Market: Introduction
Lead selenide can be obtained from natural as well as synthetic forms of production. Mineral form known as clausthalite is the natural source of lead selenide. Lead selenide can also be synthetically obtained from chemical reactions of lead and selenium. It can to perform efficiently at low temperatures without the need of a coolant and is popular for its semiconducting properties. Lead selenide is used extensively as a semiconductor material in thermoelectric devices and infrared detectors. It is also employed widely in the production of photoconductive films. Lead selenide-based detectors are technical advanced tools, which are used for gas analysis, hot spot detection, spectrometry, pyrometry, and other defense applications.
Lead Selenide Market: Trends & Developments
Demand for lead selenide has been increasing due to the rise in applications in infrared detectors across the world. Infrared detectors are used in places such as airports, railway stations, malls, and museums. Furthermore, demand for lead selenide-based infrared detectors is rising in military applications. Manufacturers of these consumer products such as electronic appliances, are concentrating on adopting new technologies, for instance VPD PbSe technology, which is helping them manufacture cost-effectively along with maintaining high quality. However, the lead selenide market is highly consolidated due to the presence of just a few manufacturers. This is expected to inhibit the market during the forecast period. Increase in usage of consumer products and technical advancements are creating lucrative opportunities for the lead selenide market.
Lead Selenide Market: Segmentation
The global lead selenide market can be classified based on type, physical form, end-use industry, and region. In terms of type, the global market can be bifurcated into natural and synthetic. Natural lead selenide is highly consumed in various applications. For instance, it is used largely in semiconductor materials, as it can perform at low temperature and without a cooling agent. Based on physical form, the lead selenide market can be divided into ingot, lump, powder, and others. In terms of end-use industry, the market can be segmented into military, chemical manufacturing, research & laboratory, and selenide. Among these, lead selenide is widely consumed in military for safer guards. Additionally it is also used in semiconductor devices due to their high performance.
Lead Selenide Market: Regional Outlook
Based on region, the global lead selenide market can be split into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The lead selenide market in North America is anticipated to expand at a sluggish pace, as the U.S. EPA has imposed regulations on the adoption of lead selenide. The market in Europe is estimated to expand at a sluggish pace as it is in the mature stage in this region. The lead selenide market in Asia Pacific is projected to expand at a substantial pace during the forecast period due to rise in the number of research and development initiatives and availability of technologically advanced high-end semiconducting devices that use lead selenide. The lead selenide market in Latin America and Middle East & Africa is likely to expand at a moderate pace in the near future owing to less farming output in these regions.
Global Lead selenide Market: Key Players
Key players operating in the global lead selenide market are American Elements, Career Henan Chemical Co., Alfa Aesar, MTI Corporation, Absco Materials, and Goodfellow Group.
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