Global Tin Telluride Market: Introduction
Tin telluride (SnTe) is a composition of tin (Sn) and tellurium (Te). It is prepared by the standard fusing techniques. Tin telluride is alloyed with the essential compound such as lead (Pb). This combination is widely used as the infrared detector material. The increase in tin concentration enhances the electrical conductivity through the material. The compound generally forms p-type semiconductor or extrinsic semiconductor. Tin telluride act as a superconductor in low temperature. The compound represents the ability to convert thermal energy into electrical energy. These characteristics have key applications in thermoelectric generators.
Tin telluride market is likely to grow at a significant rate during the forecast period owing to higher usage in the semiconductor chips. Increasing demand for computers, electronic gadgets, smartphones, and the television set is projected to boost tin telluride market during the forecast period. The tin telluride market is expected to expand significantly due to the surge in demand for night vision cameras, especially in military and defense applications. High technology cost and complexity in the production of alloys is expected to hamper the tin telluride market developments in near the future.
Tin Telluride Market: Segmentation
Based on the product type, the tin telluride market is divided into 4N, 5N, and others. The 4N segment is anticipated to hold maximum market share during the forecast period due to the higher band gap as compared to the other type. In terms of application, the market is segregated into mid-IR photodetectors, thermo-electric generators, and others. Mid–IR photodetectors segment is estimated to hold a prominent market share during the estimated period owing to the number of infrared imaging applications. Rise in demand for night vision camera, thermal imaging as an effective security measure for various end-use application such as military device, medical, data security etc. These major factors are expected to drive the demand for tin telluride in the near future. Other key applications of tin telluride include remote environment sensing, free space communications, satellites, and space exploration.
Tin Telluride Market: Region-wise Outlook
Based on the region the tin telluride market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is likely to remain a dominant region for tin telluride market during the forecast period. Presence of prominent R&D facilities and advanced technology related to the military device, space equipment, and medical are expected to boost tin telluride market in the next few years. Tin telluride is prominently used for the infrared photodetector, night vision camera and other imaging devices are estimated to propel the demand for tin telluride during the estimated period.
Tin telluride market in Europe is expected to grow substantially during the estimated period owing to the notable advancement in the renewable energy sector. Tin telluride has a key application in power plant as a thermoelectric generator which converts heat energy into electric energy to prevent energy loss. Asia Pacific is projected to exhibit significant growth rate for tin telluride market in near future. A strong presence of major electronic device manufacturing industries in countries such as China and Taiwan owing to tin telluride is used in electronic & semiconductor chips. These electronic applications are anticipated to boost the tin telluride market during the forecast period. Other regions such as Latin America followed and Middle East & Africa is anticipated to grow at a moderate pace as compared to other regions during the coming years.
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Tin Telluride Market: Key Players
The tin telluride market consist of several international players. Some of the major companies are Alfa Aesar, BeanTown Chemical, LTS Research Laboratories, and Materion Corporation.