Cadmium Market Size and Analysis, Trends, Recent Developments, and Forecast till 2030

The global market for cadmium had a strong performance in 2021 and is projected to maintain a steady revenue compound annual growth rate (CAGR) of 4.28% throughout the forecast period. One of the main drivers of market revenue growth is the increasing utilization of cadmium in the battery industry, particularly in rechargeable NiCd cells due to their ability to be recharged. Additionally, the demand for cadmium is expected to rise in the painting and coating sector, as it can create vibrant yellow and orange colors.

Cadmium, also known as Cd, is a soft, white, and ductile metal that is obtained as a by-product during the zinc refining process from zinc carbonate ore. As a heavy metal, cadmium shares certain properties with mercury, such as a lower melting point. It is resistant to corrosion and insoluble in water, making it an ideal solution for plating metals that are prone to rust, such as iron. Consequently, the aviation sector utilizes cadmium to coat steel parts and prevent rusting and potential fire hazards. Due to its conductivity, cadmium is primarily employed as an anode in secondary rechargeable NiCd batteries, which also contain nickel. This makes it a highly effective component in portable chargers and torches. Additionally, cadmium compounds are commonly used in the production of paints and coatings, imparting yellow and orange hues. These pigments are extensively utilized in the real estate and housing sector, as well as in various artist applications such as acrylic paints, watercolors, and oil paints. Furthermore, cadmium finds a newer application in the nuclear industry, where it helps stabilize the rate of nuclear fission to enhance control over reactors. Moreover, cadmium has multiple uses in non-fossil fuel power sources, further contributing to the market's revenue growth.

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Major companies in the market include:

• Mitsui Mining and Smelting Co. Ltd. (Japan)
• Korea Zinc Co. Ltd. (South Korea)
• Huludao Zinc Industry Co. Ltd. (China)
• Yunnan Luoping Zinc & Electricity Co. Ltd. (China)
• Toho Zinc Co. Ltd. (Japan)
• Nyrstar N.V. (Belgium)
• Grupo México (Mexico)
• Dowa Metals and Mining Co. Ltd. (Japan)
• Chelyabinsk Zink Plant JSC (Russia)
• Industrias Penoles S.A. de C.V. (Mexico)

Factors Influencing the Cadmium Market

The cadmium market is influenced by several key factors that impact its dynamics and growth. These factors play a significant role in shaping the demand, supply, and overall market conditions. Here are some of the factors affecting the cadmium market:

1.    Battery Industry Demand: The use of cadmium in the battery industry, particularly in rechargeable NiCd cells, drives market growth. Cadmium's rechargeability and suitability for battery applications contribute to its demand in various sectors such as electronics, automotive, and portable devices.

2.    Paints and Coatings Sector: Cadmium's ability to produce bright yellow and orange colors makes it a sought-after ingredient in the paints and coatings industry. The demand for cadmium-based pigments in applications such as real estate, housing, and artistic paints influences the market's growth.

3.    Industrial Applications: Cadmium's unique properties, such as resistance to corrosion and conductivity, make it valuable in various industrial applications. It is utilized for coating steel parts in the aviation sector to prevent rusting and fire hazards. Additionally, cadmium is employed in the nuclear industry to stabilize nuclear fission rates and improve reactor control.

4.    Non-Fossil Fuel Power Sources: The growing focus on renewable energy sources and the shift away from fossil fuels present opportunities for cadmium in non-fossil fuel power generation. Cadmium-based technologies, such as solar cells and certain types of batteries, contribute to the market's growth in this sector.

5.    Regulatory Factors: Government regulations and environmental policies related to the use and disposal of cadmium influence the market. Restrictions on cadmium usage or increased emphasis on recycling and responsible handling can impact the demand and supply dynamics.

6.    Economic Factors: Economic conditions, such as overall industrial growth, consumer spending, and infrastructure development, can influence the cadmium market. Increased construction activities, expansion of manufacturing sectors, and rising disposable incomes can drive the demand for cadmium-based products.

7.    Technological Advancements: Advances in battery technology, coating processes, and material science can impact the cadmium market. Newer applications and innovations that enhance the performance or sustainability of cadmium-based products can drive market growth.

It's important to note that these factors can interact with each other and vary across different regions and industries, ultimately shaping the cadmium market's trajectory.

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The global Cadmium market has been segmented as follows:

Type (Revenue, USD Million; 2019-2030)

• Primary Cadmium
• Secondary Cadmium

Application/ End Use Outlook (Revenue, USD Million; 2019-2030)

• NiCd Battery
• Pigments
• Coatings
• Others

Regional Outlook (Revenue, USD Million; 2019-2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• France
• Italy
• Spain
• BENELUX
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia Pacific
• Latin America
• Brazil
• Rest of Latin America
• Middle East & Africa
• Saudi Arabia
• U.A.E.
• South Africa
• Rest of Middle East & Africa

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