The latest market report published by Credence Research, Inc. “Global Single Crystal Germanium Market: Growth, Future Prospects, and Competitive Analysis, 2019 – 2027”. The Single Crystal Germanium market was valued at USS 137.5 million in 2019 and expected to grow at a CAGR of 8.35% during the forecast period from 2020 to 2027 to reach around USD 190 million in 2027.
Global Single Crystal Germanium Market, 2015 – 2027 (USD Million)
Single Crystal Germanium is an inert element which is rough and moderately hard. It shows high level of wear and tear against adverse environment. Single Crystal Germanium is becoming increasingly popular and getting adopted as a material of choice in lenses and windows in IR systems operating within range of 2 to 12 µm. On the account of its excellent physical properties, Single Crystal Germanium is used in EMI shielding applications and multi-spectral systems. Single Crystal Germanium can be used in anti-icing or ant fogging applications too, as it can be electrically heated.
Strong Demand for Single Crystal Germanium in Semiconductor Industry
Single Crystal Germanium is widely used in semiconductor industry. Single Crystal Germanium can be used in manufacturing transistors upon doping with a small amount of arsenic, gallium, indium, antimony or phosphorus. Single Crystal Germanium can also be used for making alloys. Infrared radiation can be passed through Single Crystal Germanium and hence can be used in IT optical instruments or IR detectors. Moreover, ongoing research and development has revealed its potential to be used as a bactericide and in chemotherapy as well. This is expected to trigger the growth of Single Crystal Germanium industry during the forecast period.
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Impact of COVID 19 on Global Single Crystal Germanium Market
COVID 19 has left an unparalleled impact on growth of global Single Crystal Germanium industry. The global Single Crystal Germanium has witnessed very severe setback like never before. The demand for Single Crystal Germanium is expected to be plunged by almost 20% in 2020, in terms of both volume as well as revenue. However, with the beginning of unlock process across the world and anticipation of COVID 19 vaccine to be launched during first half of 2020 is expected to bring recovery in demand for Single Crystal Germanium.
Global Single Crystal Germanium Market by Type Insights
Based on its type, the global Single Crystal Germanium market can be segmented into Solar Grade, Infrared Grade and Detector Grade. The By type, Infrared Grade segment dominated the global Single Crystal Germanium market with over 30% share in 2019. Detector Grade also hold significant market share in 2019. Infrared Grade reported strong demand on the account of growing demand for IR optical instruments around the world. IR optical instruments and IR detectors are widely being used in military, aerospace and defense industry along side residential and commercial applications. Growing demand from aforementioned industries is mainly driving the demand for Single Crystal Germanium.
Global Single Crystal Germanium Market by Application Insights
Based on its Applications, the global Single Crystal Germanium market can be segmented into Semiconductor Device, Solar Battery, Infrared Imager and Others. By Application, Semiconductor Device and Infrared Imager dominated the global Single Crystal Germanium market and collectively accounted for over 50% share in 2019. Single Crystal Germanium and silicon alloy is growing in its usage to be used as a high-speed integrated circuit. Strong demand from semiconductor industry is major factor fueling the growth of this industry.
Global Single Crystal Germanium Market by Regional Insights
Asia Pacific accounted for over 35% share in total revenue generated by the global Single Crystal Germanium market in 2019. Single Crystal Germanium market in Asia Pacific is triggered by strong growth of semiconductor industry in the region. It is also expected to grow at a rapid pace in the years to come. Asia Pacific was followed by North America. North America is the largest market for defense and aerospace industry. Increasing demand for Single Crystal Germanium to be used in IR equipment’s and IR detectors in this field is likely to trigger the growth in the region. Europe also hold the significant market share and projected to grow at a consistent rate.
Global Single Crystal Germanium Market Competitive Landscape
Key players operating in the field of manufacturing Single Crystal Germanium including but not limited to China Germanium, Yunnan Germanium, Umicore, Chihong ZnandGe, AXT, PS (Jenoptik), PPM, Baoding Sanjing and Others. Global Single Crystal Germanium market is quite scattered with large number of players. Most of the players are focusing on research and development to explore new application markets such as chemotherapy and bactericide applications.
Market Segmentation
Global Single Crystal Germanium Market by Type, 2015 – 2027
· Solar Grade
· Infrared Grade
· Detector Grade
Global Single Crystal Germanium Market by Application, 2015 – 2027
· Semiconductor Device
· Solar Battery
· Infrared Imager
· Others
Global Single Crystal Germanium Market by Region, 2015 – 2027
· North America
· Europe
· Asia Pacific
· Latin America
· Middle East and Africa
Global Single Crystal Germanium Market: Key Players
· China Germanium
· Yunnan Germanium
· Umicore
· Chihong ZnandGe
· AXT
· PS(Jenoptik)
· PPM
· Baoding Sanjing
. Others
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