Superconducting Materials Market - Global Industry Analysis and Forecast, 2014 - 2020

Superconductivity is a typical phenomenon in which zero electrical resistance and discharge of magnetic fields occurs in specific materials when cooled below a distinctive critical temperature. A superconductor is a basically a material that transfers electrons at critical temperature from one atom to another without generating any type of resistance (sound, heat, or any other form of energy). Superconducting materials typically include metals, compounds (covalent superconductors) and binary alloys. The demand for superconductors across the globe is growing swiftly owing to their increasing applications in healthcare, commercial and industrial sectors. Moreover, superconductors are also widely used in magnetic resonance imaging and in technologically advanced studies.

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Furthermore, in future, the superconductors would be used in applications such as high-performance smart grid, power storage devices, transformers, electric power transmission, electric motors, fault current limiters, superconducting magnetic refrigeration and magnetic levitation devices. The rising demand for superconductors in all such existing and future applications is expected to drive the global superconducting materials market in the near future.

Superconducting metals comprise aluminum, cadmium, gallium, hafnium, mercury, indium, iridium, lanthanum, molybdenum, osmium, protactinium, niobium, lead, rhenium, ruthenium, tin, tantalum, technetium, thorium, titanium, thallium, uranium, vanadium, tungsten, zinc and zirconium. Moreover, various graphite compounds are used as superconducting materials. Furthermore, binary alloys such as lanthanum hexaboride, magnesium diboride, niobium-germanium, niobium monoxide, niobium nitride, niobium-tin, niobium-titanium, yttrium borides, titanium nitride and zirconium nitride among others are used for producing superconductors. The growing demand for superconductors in...