Growing demand from flat panel displays and LEDs in Asia Pacific market is expected to drive the market. The shift from traditional lighting to solid state lighting systems in displays is expected to fuel the market for flat panel displays and LEDs. Europium is a rare earth metal which oxidizes readily in presence of air and water.
It is generally present in oxide form and has applications in automobiles, catalysts, consumer electronics, flat panel displays, metallurgy and fluorescent lamps and as a dopant of glass in lasers and optoelectronic devices. Increasing civil infrastructure is the main factor behind growing demand for LEDs owing to its use in street lighting and highway lighting.
Technological advances in the field of earth metal nano-crystals are expected to provide immense opportunities for the players in this market. Europium nano-crystals are being use in the LEDs as a phosphor which emits wide range of spectrum. However, the supply issues and lack of refining, alloying and fabricating technologies for europium are expected to hamper the growth of this market.
| Report Attribute | Details |
| Estimated Base Year Value (2021) | US$ 210 Million |
| Expected Market Value (2022) | US$ 225 Million |
| Anticipated Forecast Value (2032) | US$ 385 Million |
| Projected Growth Rate (2022-2032) | 5.5% CAGR |
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Asia Pacific region was the largest consumer of europium and its derivative products. China contributes highest for the consumption of this metal owing to increasing population, improving living standard and disposable income. Growing demand from Japan, Korea and China for consumer electronics is fueling the market in this region. China is the largest manufacturer of europium and its derivatives. However, export restrictions and increasing local demand has been causing supply issues. Asia Pacific is followed by North America owing to demand from LEDs and consumer electronics industries. Decreased exports from China causing development of new exploration and production sites in this region to fulfill the demand.
The key players in europium market include Rare Element Resources, Avalon Rare Metals Inc., Molycorp, Lynas, Minmetals Corporation, Baotou Steel Rare-Earth, Xiamen Tungsten, Great Western Minerals Group Ltd., Indian Rare Earth, Arafura Resources Ltd. and Canada Rare Earth Corporation among others.
This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product types and distribution channels.
Key Segments Covered in the Europium Market Research Report
Application:
- Permanent Magnets
- Catalysts
- Glass Polishing
- Phosphors
- Ceramics
- Metal Alloys
- Glass Additives
- Others
End Use:
- Consumer Electronics
- Lighting
- Semiconductors
- Automotive
- Healthcare
- Nuclear Labs
- Metallurgy
- Anti-Counterfeiting
- Others
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East & Africa
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
4. Global Europium Market Analysis 2017-2021 and Forecast, 2022-2032
5. Global Europium Market Analysis 2017-2021 and Forecast 2022-2032, By Application
to be continued…!
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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