Cadmium sulfide is a yellow compound that is easy to purify and isolate. Cadmium sulfide is known to be the sole source of cadmium in all commercial applications. Cadmium sulfide offers a wide range of applications that includes its extensive utilization in the production of solar cells, semiconductors, pigments, infra-red two color detectors, photo resistors and cathode radial radiation materials among others. The global market of Cadmium Sulfide is poised to witness significant growth in coming years owing to various advantages obtained by the utilization of cadmium sulfide. Cadmium sulfide when used as fluorescent marker offers many advantages such as high luminous efficiency, fluorspar narrow spectral lines, adjustable luminous color, relatively single excitation spectrum, and good light stability. When cadmium sulfide is used as a photo catalyst, it offers stable performance, limited secondary pollution, and non-toxic effects. Besides being used as fluorescent marker and photo catalyst, cadmium sulfide is also used in the production of amorphous silicon film solar cells to improve the photoelectric conversion efficiency of thin film solar cells.
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One of the key factor driving the growth of global cadmium sulfide market is the increasing demand from pigments industry. As a pigment, cadmium sulfide is popularly known as cadmium yellow. Around one-fourth of the total cadmium sulfide produced is processed as cadmium yellow. This signifies the consumption of cadmium sulfide as a pigment. Owing to the increasing demand for paints and coatings across the globe, the pigments and dyes industry has witnessed a significant hike in past years. This consequently drives the growth of cadmium sulfide market for its consumption in the form of cadmium yellow.
Besides the increasing demand from pigment industry, the global cadmium sulfide market is expected to grow significantly from the applications in electricals and electronics industry. Cadmium sulfide is used extensively as catalyst, semiconductor and resistor among others in the electricals and electronic industry. As a consequence, of development of infrastructure at a global level, the production of electricals and electronics is at its peak. This has created a significant demand for cadmium sulfide. Hence, this factor is efficiently driving the growth of global cadmium sulfide market.
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There are several other alternatives that can be used as a substitute to cadmium sulfide. These alternatives are superior to cadmium sulfide either in health or environment perspective. For instance, inorganic pigments that are based on iron oxides, Oxo-nitrides, etc. are sometimes used as alternatives to cadmium yellow pigment. This factor of availability of alternatives to cadmium sulfide acts as a potential restraining factor against the growth of global cadmium sulfide market.
Cadmium Sulfide Market Regional Outlook
As consequence of high intensity of paints and coatings, electricals and electronics manufacturers among others in China, East Asia is expected to hold prominent share of the global cadmium sulfide market. Significant investments in manufacturing and development of economies in countries such as India offer ample opportunities of growth to the global cadmium sulfide market in South Asia. Other regions such as North America, Latin America and Europe are also expected to hold stable shares in the global cadmium sulfide market.
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