Global EuropiumMarket is anticipated to reach USD 308.9 million by 2025. Europium is a rare earth metal that is ductile and soft, slivery-white in color, instantly oxidizes in water and air. Europium is said to be mildly toxic in nature. It usually ignites in air at the temperature level ranging from 150°C to 180°C. Europium is one of the least abundant elements in the world and mostly found in the minerals like monazite and bastnaesite. Globally, technical growth in the field of earth metal nano-crystals will drive the market growth.
The
factors that propel the growth of the Europium industry include increasing
application scope of the product in the electrical, automobile, material
sciences energy, and industries, developing interest from LEDs, and flat panel
displays. On the other hand, there are factors that may hamper the development
of the market including strict government regulations, high cost involved in
Research and development. Europium Market is anticipated to grow at a
significant CAGR of 4.6% in the upcoming period as the scope, product types,
and its applications are increasing across the globe.
The
market may be explored by application, end user, and geography. The key
application that could be explored in the Europium industry include Catalysts,
Permanent Magnets, Glass Polishing, Ceramics, Phosphors, Glass Additives, Metal
Alloys, and Others. The “Phosphors” segment led the market in 2016 and is
anticipated to maintain its dominance by 2025 owing to the rising usage of the
product for the manufacture of blue and red phosphors that is extensively used
in smart phones, flat displays, and televisions.
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The
Europium Market could be explored based on end user as Lighting, Consumer
Electronics, Semiconductors, Healthcare, Automotive, Nuclear Labs,
Anti-counterfeiting, Metallurgy, and Others. The “Consumer Electronics” segment
led the Europium industry in 2016 and is anticipated to maintain its dominance
by 2025 owing to rising electronic industry globally, fast development of the
consumer electronics industry (could be mainly ascribed to the increasing
volume sales of wearables, 4K televisions, and smart phones, particularly in
developing countries in the Asia Pacific region).
Asia-Pacific
accounted for the major share of the Europium Market Size in 2016 and will
continue to lead in the forecast period. The factors that could be attributed
to the growth include growing consumer electronics segment in developing
economies such as India, China, Thailand, Vietnam, and Indonesia, is
anticipated to propel the demand in the region in the forecast period.
Some
of the key players that fuel the growth of the Europium industry comprise
Indian Rare Earth Ltd., China Minmetals Corporation, Arafura Resources Ltd.,
Great Western Minerals Group Ltd, Avalon Advanced Materials Inc., Baotou Steel
Rare-Earth, Lynas Corporation Ltd., Hastings Technology Metals Ltd, All-Chemie
Ltd., Canada Rare Earth Corporation, Neo Performance Materials, Rare Element
Resources Ltd., American Elements, Minmetals Corporation, Xiamen Tungsten, and
Lynas, ACI Alloys Inc, and Molycorp. The leading companies are taking up
mergers and acquisitions, partnerships, and joint ventures in order to boost
the inorganic growth of the industry.
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Market Segment:
Application
Outlook (Volume, Tons; Revenue, USD Million; 2014 - 2025)
• Permanent Magnets
• Catalysts
• Glass Polishing
• Phosphors
• Ceramics
• Metal Alloys
• Glass Additives
• Others
End
Use Outlook (Volume, Tons; Revenue, USD Million; 2014 - 2025)
• Consumer Electronics
• Lighting
• Semiconductors
• Automotive
• Healthcare
• Nuclear Labs
• Metallurgy
• Anti-counterfeiting
• Others
Regional
Outlook (Volume, Tons; Revenue, USD Million; 2014 - 2025)
• North America
• U.S
• Canada
• Europe
• Russia
• Asia Pacific
• China
• India
• Australia
• Central & South America
• Brazil
• Middle East & Africa
• South Africa
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