Praseodymium Oxide Price History and Forecast Analysis Provided by Procurement Resource

Praseodymium is an inorganic chemical compound that comprises oxygen and praseodymium molecules. Praseodymium is a rare earth element obtained from monazite and bastnaesite ores found in the earth’s crust. There are various Praseodymium Oxides with different oxygen and praseodymium atoms compositions and varying oxidation states, such as Pr 2 O 3, PrO 2, and Pr 6 O 11.

Its melting and boiling point measures around 2183° C and 3760° C, respectively. Praseodymium Oxide is a light, greenish-colored crystal structure generally insoluble in water. It is a thermally stable compound that is mainly used to manufacture optics, glasses, and ceramic items on a large scale.

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Vietnam, India, and the United States are the key importing countries that import Praseodymium Oxide. On the other hand, the key exporting countries are the United Kingdom, the United States, and Malaysia.

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 chart, including India Praseodymium Oxide price, USA Praseodymium Oxide 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 price trend of Praseodymium Oxide reflects its significance in various commercial applications. Praseodymium Oxide, a rare earth chemical compound, finds diverse uses in manufacturing household equipment such as fluorescent lamps, color televisions, energy-saving lamps, and glasses. Glass manufacturers and welders utilize it in goggles due to its ability to filter infrared radiation and impart a yellow color coat.

Moreover, Praseodymium Oxide serves as a vital component for coloring glass and ceramic materials and manufacturing films with excellent dielectric properties. Its role extends to being a magnetic material, typically applied as a dried powder mixed with binders for use in plasma spray guns and coatings. Additionally, it functions as a catalyst in large-scale chemical synthesis processes.

Tracking the Praseodymium Oxide price index, chart, and graph offers insights into its market dynamics and relevance across industries. As demand fluctuates and applications evolve, understanding the Praseodymium Oxide price trend becomes crucial for stakeholders navigating its commercial landscape.

Key Players:

  • BASF
  • Dow
  • Eastman
  • Oxea
  • Sasol
  • Wu Jiang Chemical
  • Zibo Nalcohol Chemical

News & Recent Development

  • Date: February 8, 2023- The Bresnahan project in the Western Australia region produces a large amount of light and heavy rare earth (HREE) resources, including Praseodymium Oxide and other minerals.

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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

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