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World - Cadmium - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

World - Cadmium - Market Analysis, Forecast, Size, Trends And Insights

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Oct 14, 2021

Emerging Demand from Solar Battery Industry to Drive Global Cadmium Market

IndexBox has just published a new report: 'World - Cadmium - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

The global cadmium market is estimated at $122M for 2020. While the battery industry is currently the primary application for cadmium, the expanding demand from the cadmium telluride battery industry could provide a powerful boost to the market for the metal. Technological improvements and the introduction of new capacities for recycling solar cells will become an urgent need for the next decade and an attractive area for investment.

Key Trends and Insights

The global market for untreated cadmium, according to estimates by IndexBox, amounted to $122M in 2020. China (39%), India (22%) and Australia (4%) lead global cadmium consumption.

Most of the cadmium consumption in the world is used for producing batteries. The rapidly growing battery industry will remain the main driver of expansion for the cadmium market. The innovative nickel-cadmium battery is superior to its lead-acid counterpart in terms of service life. It is also lighter and can be recharged with the same systems commonly used for lead-acid car batteries. Intense competition from lithium-ion batteries remains the primary limiting factor to the rapid growth of the nickel-cadmium battery market.

The use of cadmium as a component of semiconductors for solar cells is likely to become a powerful stimulus for market development. In 2020, telluride-cadmium batteries quickly gained popularity and became the most frequently used among other kinds of solar cells. This modification of flexible batteries is characterized by low cost and high efficiency of 20-22% and a low temperature coefficient, which makes them suitable for mass use in countries with hot climates. In 2020, two new large-scale production facilities of telluride-cadmium batteries with a total capacity of 1.9 GW per year was launched in the U.S. in the state of Ohio.

The expansion of the cadmium-based solar cell industry could lead to increased investment in creating recycling and disposal facilities. If today 99% of cadmium is extracted from nickel-cadmium batteries for subsequent use, then the technology for processing solar batteries has not yet received sufficient development. According to a report jointly prepared by the International Renewable Energy Agency (IRENA) and the International Energy Agency Photovoltaic Power Systems Program (IEA-PVPS), global PV panel waste will reach 8M tons by 2030 and will increase to 78M tons by 2050.

Сadmium use in paint pigments, alloys, anti-corrosion coatings and PVC stabilizers stand out among other dynamically developing application areas. The latest development that could expand cadmium consumption is the production of ultra-precise clocks with a cadmium-based optical lattice, capable of operating at room temperature, in contrast to the currently widely used clocks that could expand cadmium consumption use cryogenic cooling.

Global Cadmium Production

In 2020, global cadmium production declined slightly to 34K tons, remaining constant against the previous year. The total output volume increased at an average annual rate of +1.8% from 2010 to 2020. In value terms, cadmium production fell to $92M in 2020, estimated at export prices.

The countries with the highest volumes of cadmium production in 2020 were China (10K tons), South Korea (5.2K tons) and Canada (2.4K tons), together accounting for 53% of global production. These countries were followed by Russia, Japan, the Netherlands, Australia, Kazakhstan, Mexico, France, Peru, Poland and the U.S., which together accounted for a further 37%.

Global Cadmium Exports

In 2020, after three years of decline, there was significant growth in shipments abroad of cadmium, when their volume increased by +9% to 16K tons. In value terms, cadmium exports fell to $35M (IndexBox estimates) in 2020.

In 2020, South Korea (4.1K tons), distantly followed by China (2.2K tons), Canada (1.6K tons), Japan (1.5K tons), France (0.9K tons) and Russia (0.7K tons) were the largest exporters of cadmium, together constituting 70% of total exports. Mexico (618 tons), Germany (526 tons), Poland (519 tons), the Netherlands (510 tons), Kazakhstan (477 tons), Uzbekistan (466 tons) and Peru (360 tons) held a relatively small share of total exports.

In value terms, South Korea ($9M), China ($5.9M) and Canada ($4.1M) appeared to be the countries with the highest levels of exports in 2020, with a combined 54% share of global exports.

China recorded the highest rates of growth with regard to the value of exports over the past decade. From 2010 to 2020, China's exports rose from $1.2M to $5.9M.

In 2020, the average cadmium export price amounted to $2,219 per ton, falling by -14.9% against the previous year. There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was China ($2,711 per ton), while Kazakhstan ($1,605 per ton) was amongst the lowest. From 2010 to 2020, the most notable rate of growth in terms of prices was attained by Uzbekistan, while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global cadmium market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

    Country coverage:

    Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

    + the largest producing countries

    Data coverage:

    • Global market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Global production, split by region and country
    • Global trade (exports and imports)
    • Export and import prices
    • Market trends, drivers and restraints
    • Key market players and their profiles

    Company coverage:

    Dowa Metals & Mining Co., Mitsui Mining and Smelting Co., Sumitomo Metal Mining Co., Toho Zinc Co., Hindustan Zinc Ltd., Nyrstar, Teck Resources Ltd., Industrias Peñoles S.A.B. de C.V., KCM S.A.’s Plovdiv, Xstrata, OTZK, Retriev Technologies Inc., Huludao Zinc Industry Co., Yunnan Luoping Zinc and Electricity Co., Western Mining Co., Zhuzhou Smelter Group Co., Shaoguan Smelter, Mayco Industries, Belmont Metals, GFS Chemicals, Ney Metals & Alloys, Reagents, Noah Chemicals, ProChem Inc.

    Reasons to buy this report:

    • Take advantage of the latest data
    • Find deeper insights into current market developments
    • Discover vital success factors affecting the market

    This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

    In this report, you can find information that helps you to make informed decisions on the following issues:

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. How to prepare your business for global expansion

    While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

    1. 1. INTRODUCTION

      Making Data-Driven Decisions to Grow Your Business

      1. REPORT DESCRIPTION
      2. RESEARCH METHODOLOGY AND AI PLATFORM
      3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
      4. GLOSSARY AND SPECIFIC TERMS

    2. 2. EXECUTIVE SUMMARY

      A Quick Overview of Market Performance

      1. KEY FINDINGS
      2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

    3. 3. MARKET OVERVIEW

      Understanding the Current State of The Market and Its Prospects

      1. MARKET SIZE
      2. CONSUMPTION BY COUNTRY
      3. MARKET FORECAST TO 2030

    4. 4. MOST PROMISING PRODUCT

      Finding New Products to Diversify Your Business

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
      2. BEST-SELLING PRODUCTS
      3. MOST CONSUMED PRODUCT
      4. MOST TRADED PRODUCT
      5. MOST PROFITABLE PRODUCT FOR EXPORT

    5. 5. MOST PROMISING SUPPLYING COUNTRIES

      Choosing the Best Countries to Establish Your Sustainable Supply Chain

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
      2. TOP PRODUCING COUNTRIES
      3. TOP EXPORTING COUNTRIES
      4. LOW-COST EXPORTING COUNTRIES

    6. 6. MOST PROMISING OVERSEAS MARKETS

      Choosing the Best Countries to Boost Your Exports

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
      2. TOP CONSUMING MARKETS
      3. UNSATURATED MARKETS
      4. TOP IMPORTING MARKETS
      5. MOST PROFITABLE MARKETS

    7. 7. GLOBAL PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE
      2. PRODUCTION BY COUNTRY

    8. 8. GLOBAL IMPORTS

      The Largest Importers on The Market and How They Succeed

      1. IMPORTS FROM 2012–2023
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY

    9. 9. GLOBAL EXPORTS

      The Largest Exporters on The Market and How They Succeed

      1. EXPORTS FROM 2012–2023
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY

    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

      This Chapter is Available Only for the Professional Edition PRO

    11. 11. COUNTRY PROFILES

      The Largest Markets And Their Profiles

      This Chapter is Available Only for the Professional Edition PRO
      • United States
      • China
      • Japan
      • Germany
      • United Kingdom
      • France
      • Brazil
      • Italy
      • Russian Federation
      • India
      • Canada
      • Australia
      • Republic of Korea
      • Spain
      • Mexico
      • Indonesia
      • Netherlands
      • Turkey
      • Saudi Arabia
      • Switzerland
      • Sweden
      • Nigeria
      • Poland
      • Belgium
      • Argentina
      • Norway
      • Austria
      • Thailand
      • United Arab Emirates
      • Colombia
      • Denmark
      • South Africa
      • Malaysia
      • Israel
      • Singapore
      • Egypt
      • Philippines
      • Finland
      • Chile
      • Ireland
      • Pakistan
      • Greece
      • Portugal
      • Kazakhstan
      • Algeria
      • Czech Republic
      • Qatar
      • Peru
      • Romania
      • Vietnam

    12. LIST OF TABLES

      1. Key Findings In 2023
      2. Market Volume, In Physical Terms, 2012–2023
      3. Market Value, 2012–2023
      4. Per Capita Consumption, By Country, 2018–2023
      5. Production, In Physical Terms, By Country, 2012–2023
      6. Imports, In Physical Terms, By Country, 2012–2023
      7. Imports, In Value Terms, By Country, 2012–2023
      8. Import Prices, By Country Of Destination, 2012–2023
      9. Exports, In Physical Terms, By Country, 2012–2023
      10. Exports, In Value Terms, By Country, 2012–2023
      11. Export Prices, By Country Of Origin, 2012–2023

    13. LIST OF FIGURES

      1. Market Volume, In Physical Terms, 2012–2023
      2. Market Value, 2012–2023
      3. Consumption, By Country, 2023
      4. Market Volume Forecast to 2030
      5. Market Value Forecast to 2030
      6. Products: Market Size And Growth, By Type
      7. Products: Average Per Capita Consumption, By Type
      8. Products: Exports And Growth, By Type
      9. Products: Export Prices And Growth, By Type
      10. Production Volume And Growth
      11. Exports And Growth
      12. Export Prices And Growth
      13. Market Size And Growth
      14. Per Capita Consumption
      15. Imports And Growth
      16. Import Prices
      17. Production, In Physical Terms, 2012–2023
      18. Production, In Value Terms, 2012–2023
      19. Production, By Country, 2023
      20. Production, In Physical Terms, By Country, 2012–2023
      21. Imports, In Physical Terms, 2012–2023
      22. Imports, In Value Terms, 2012–2023
      23. Imports, In Physical Terms, By Country, 2023
      24. Imports, In Physical Terms, By Country, 2012–2023
      25. Imports, In Value Terms, By Country, 2012–2023
      26. Import Prices, By Country, 2012–2023
      27. Exports, In Physical Terms, 2012–2023
      28. Exports, In Value Terms, 2012–2023
      29. Exports, In Physical Terms, By Country, 2023
      30. Exports, In Physical Terms, By Country, 2012–2023
      31. Exports, In Value Terms, By Country, 2012–2023
      32. Export Prices, 2012–2023

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