Europium - Global Market Outlook (2017-2026)
According to Stratistics MRC, the Global Europium Market is accounted for $0.22 billion in 2017 and is expected to reach $0.39 billion by 2026 growing at a CAGR of 6.7% during the forecast period. Rising demand for europium oxide and nitrates for the producing of red and blue phosphors, increase in the demand for flat panel displays and LEDs and growing civil infrastructure are some of the key factors fueling the market growth. However, the research & development comprising higher price and strict government rules are negatively impacting the growth of the market. One of the major opportunities in the market is rise in implementation of europium for latest applications provides ample of opportunities for market growth.
Europium is a rare earth metal & most expensive, largely found in oxide form. It is a part of lanthanide series of elements and separated along with other rare earth elements from bastnasite ores and monazite. It oxidises quickly in air and also most reactive of the rare-earth metals. It has a wide range of applications in the field of metallurgy, consumer electronics, fluorescent lamps, automobiles, flat panel displays and optoelectronic devices. Europium doped plastics are used as laser materials. It is utilized in nuclear reactor control rods due to their neutron absorbing property.
By application, Phosphors segment is anticipated to grow at a largest share in the market due to the rising usage of the product for the manufacture of red and blue phosphors which is widely used in televisions, flat displays and smart phones.
By Geography, Asia Pacific is the largest growing market due to the rising applications of the product in main end-use industries. Countries such as Japan, China and India are expected to growth of the market due to the rising demand for customer electronics.
Some of the key players in Europium market include China Minmetals Corporation, Indian Rare Earth Ltd., Avalon Advanced Materials Inc., Canada Rare Earth Corporation, All-Chemie Ltd., Hastings Technology Metals Ltd, ACI Alloys Inc., Rare Element Resources Ltd., Lynas Corporation Ltd., Neo Performance Materials, Arafura Resources Ltd., American Elements, Great Western Minerals Group Ltd., Baotou Steel Rare-Earth, Xiamen Tungsten, Minmetals Corporation and Molycorp, Lynas.
• Metal Alloys
• Glass Polishing
• Permanent Magnets
• Glass Additives
• Other Applications
End Users Covered:
• Consumer Electronics
• Nuclear Labs
• Other End Users
- North America
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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- Market share assessments for the regional and country level segments
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- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
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