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.
The report provides global Europium market information related to its business and services with the help of an exclusive blend of quantitative forecasting and trends analysis. The report further puts forward-looking insights that include thousands of decision-makers, key market players, which are carried out based on various objectives of the market. The fundamental dynamics of the Europium market is based on a veteran team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques. The market report also represents the latest and the most reliable information indispensable for businesses to sustain a competitive edge. The detailed statistical models hereby, offer insights into a robust Europium market. The study of the market has been taken place during the year 2019, which stretches over till 2025.
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.
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• Metal Alloys
• Glass Polishing
• Permanent Magnets
• Glass Additives
• Other Applications
End Users Covered:
• Consumer Electronics
• Nuclear Labs
• Other End Users
The outlook of the Europium market results on a regional level, thus covering major regions of North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. The various contributors involved in the value chain of the Europium market include manufacturers, suppliers, distributors, intermediaries, and customers.
Drivers & Constraints
The report provides a comprehensive analysis of the Europium market about its drivers and constraints. It covers the sales volume, price, revenue, gross margin, historical growth, and future perspectives in the Europium market. These factors also present opportunities and challenges, risks, barriers in order to gain a more in-depth understanding of the market.
Method of Research
This Europium market report includes the estimation of market size for value and volume. The complete analysis includes both top-down and bottom-up approaches that are used to estimate and validate the market size of the market. This is to determine the size of various other dependent submarkets in the overall market. The key players in the market have been acknowledged through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares split, and breakdowns have been determined using secondary sources and verified primary sources.
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