Emerging New Applications to Drive the Global Germanium Market, According to New Report by Global Industry Analysts, Inc. - WLNS TV 6 Lansing - Jackson | Your Local News Leader

Emerging New Applications to Drive the Global Germanium Market, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Germanium markets. Global market for Germanium is forecast to reach 177.6 thousand kilograms by 2020, buoyed by sustained growth of fiber-optic networks across the world and emergence of new end-use applications supported by technology development and innovation.

San Jose, California (PRWEB) June 24, 2014

Follow us on LinkedIn. - Fueled by strong growth in electronic components, a major end-use industry, demand for Germanium is expected to register significant growth in the coming years. Growth in end-use markets such as telecom, solar cells, optical coatings, medical fiber optics, and electronic capacitors will continue to drive demand in the market. Germanium is used in the production of fiber optic systems and infrared optics. Owing to the superior semiconductor qualities, germanium finds widespread use in the electronics industry, primarily in manufacturing transistors and semiconductors.

Silicon Germanium (SiGe) technology has helped revolutionize the field of silicon-based microelectronics. Development of personal communications and the ensuing rise in demand for SiGe devices is forecast to spur growth in the market. A noteworthy emerging use of germanium is in the manufacture of nanowires. Germanium forms numerous organometallic compounds one of which is tetraethylgermane which is suitable for organometallic chemistry. Further, studies are being conducted on various complexed organic germanium compounds to determine the possible use of the element in pharmaceuticals.

Global germanium market is dynamic, deriving its volatility from germanium supply which is primarily dependent on zinc mining. Germanium was first used in the semiconductor industry with fiber optics, and infrared optics accounting for a major share of consumption. In the coming years, the germanium market is expected to witness high price volatility mainly due to the imbalance in demand and supply conditions. Availability of germanium recovered from recycling used products, including military vehicles, solar cells and fiber optics is expected to expand over the next decade as sustainable production gains visibility and mainstream acceptance.

As stated by the new market research report on Germanium, Asia-Pacific and the United States represent the largest markets worldwide. China represents a major market accounting for about 70% of the total global production. Rapid pace of industrialization, economic growth, rise in manufacturing and industrial output, improving standard of living, increase in discretionary spends, and development of wireless data transmission, represent broader variables driving fiber-optics demand and indirectly creating new market opportunities for Germanium in electronics and telecommunications. Fiber optic systems is expected to remain the largest and fastest growing end-use application for germanium.

Major players covered in the report include Chemical and Technical Developments Ltd., GFI Advanced Technologies Inc., Indium Corporation, Japan Algae Co., Ltd., Novotech Inc., Photonic Sense GmbH, PPM Pure Metals GmbH, Teck Resources Limited, Umicore SA, Voltaix LLC, Yunnan Chihong Zinc and Germanium Co., Ltd., and Yunnan Lincang Xinyuan Germanium Industry Co., Ltd., among others.

The research report titled Germanium: A Global Strategic Business Report announced by Global Industry Analysts Inc., provides a comprehensive review of the market, trends, growth drivers, issues, mergers, acquisitions, other strategic industry activities of major global and regional players. The report provides market estimates and projections for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, Belgium and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific), Latin America and Rest of World. End-use segments analyzed in the report include Fiber Optic Systems, Polymerization Catalysts, Infrared Optics, Electronics/Solar Applications and Others.

For more details about this comprehensive market research report, please visit http://www.strategyr.com/Germanium_Market_Report.asp.

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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