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According to a new market report by Lucintel, the future of the global germanium looks promising with opportunities in the solar industry. The global germanium is expected to decline in 2020 due to the global economic recession led by COVID-19. However, the market will witness recovery in the year 2021 and it is expected to grow with a CAGR of 7.5% from 2020 to 2025. The major growth drivers for this market are the growing demand of fiber in optics communication networks and the miniaturization of electronic components.

To download report brochure, please go to https://www.lucintel.com/germanium-market.aspx and click "download brochure" tab from the menu



In this market, optical fibers, infrared optics, solar cells, and catalyst are the major applications. Lucintel forecasts that optical fibers will remain the largest segment over the forecast period.

Within this market, consumer electronics and solar PV are the largest end use industries.

Asia-Pacific will remain the largest region and it is also expected to witness the highest growth over the forecast period due to growth of solar PV and consumer electronics industries.

Emerging trends, which have a direct impact on the dynamics of the industry, include its development towards high latency, power consumption, and memory bandwidth. Yunnan Chihong Zinc & Germanium Co., Ltd., Shaoguan Smelting Plant, and China Germanium Co., Ltd. are among the major manufacturers of the global germanium market.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global germanium market by application, end use industry, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Germanium Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global germanium market by application, end use industry, and region as follows:

By Application [$M shipment analysis for 2014 – 2025]:



  • Catalyst


  • Solar Panels


  • Consumer Electronics


  • Others


By End use industry [$M shipment analysis for 2014 – 2025]:



  • Electronics


  • Aerospace


  • Renewable Energy


  • Chemical


  • Others


By Region [$M shipment analysis for 2014 – 2025]:



  • North America




  • United States


  • Canada


  • Mexico




  • Europe




  • Germany


  • UK


  • Italy




  • Asia Pacific




  • China


  • Japan


  • India


  • South Korea




  • Rest of the World


 

This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.



About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.