Praseodymium oxide is a rare earth oxide with the chemical formula Pr2O3. The oxide is a solid, crystalline compound with a pale-yellow appearance. The oxide also has high thermal stability and corrosion resistance. Praseodymium oxide is majorly employed in the production of ceramics for application in solid oxide fuel cells, glass, and glass additives.
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The oxide also acts as a catalyst in various chemical reactions. The oxide also has optical properties making it useful in the production of glasses and optical fibers. The oxide further finds applications in electronics, energy production and optical industries.
Key Details About the Praseodymium oxide Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Praseodymium oxide price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Praseodymium oxide Price trend, including India Iron price, USA Iron price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Praseodymium oxide Price Trend:
The Praseodymium oxide finds its uses in various industries majorly due to its unique properties. The primary use of this oxide is in the ceramic industry. The ceramic industry produces ceramics that use this oxide in its production for its application in solid oxide fuel cells. These cells are highly efficient devices used in electricity production. Another significant market use of this oxide is in the glass industry.
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The glass industry utilizes this oxide as an additive for the manufacturing of specialty glasses and optical fibers. This oxide showcases suitable optical properties such as light absorption and emission making it a popular choice in the optical market. In certain chemical reactions, the oxide also acts as a catalyst. It speeds up the rate and efficiency of the chemical reaction. The processes that usually employ this oxide as a catalyst are petroleum refining and catalytic converters in automobile exhaust systems.
Key Players:
- BASF
- Dow
- Eastman
- Oxea
- Sasol
- Wu Jiang Chemical
- Zibo Nalcohol Chemical
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