Europium Market: By Global Industry Analysis, Size, Share, Growth, End User Outlook, Forecast 2023

LAS VEGAS, Dec. 01, 2017 -- The Europium Market was worth USD 0.19 billion in the year of 2014 and is expected to reach approximately USD 0.28 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 4.330% during the forecast period. Europium is an uncommon earth metal which oxidizes promptly in nearness of air and water. It is for the most part shown in oxide frame and has applications in vehicles, impetuses, purchaser gadgets, level board presentations, metallurgy and fluorescent lights and as a dopant of glass in lasers and optoelectronic gadgets. Moreover, it is a malleable metal with hardness like that of lead. It takes shape in a body-focused cubic lattice. A few properties of europium are firmly affected by its half-filled electron shell. Europium has the second most minimal dissolving point and the least thickness of all lanthanides.

Drivers and Restrains

The global europium market is projected to demonstrate extensive growth over the forecast period owing to the developing interest from flat panel displays and LEDs in the Asia Pacific market, relied upon to drive the market. The move from customary lighting to strong state lighting frameworks in shows is relied upon to fuel the market for level board showcases and LEDs. Expanding common foundation is the primary factor behind developing interest for LEDs attributable to its utilization in road lighting and interstate lighting. In any case, the supply issues and absence of refining, alloying and creating advances for europium are relied upon to hamper the development of this market. Innovative advances in the field of earth metal nano-precious stones are relied upon to give enormous chances to the players in this market. Europium nano-precious stones are being used in the LEDs as a phosphor which produces extensive variety of range. Even quickly expanding interest for advanced mobile phones, wearables, apparatuses, and brilliant TVs in developing economies over the globe is relied upon to drive the buyer gadgets industry, which, thus, is required to profit with the interest for the item amid the estimate years.

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Competitive and Regional Outlook

On the basis of Application, the global market is split into; Catalysts, Phosphors, Metal Alloys, Permanent Magnets, Glass Polishing, Ceramics, Glass Additives and Others. On the basis of End User, the global market is split into; Consumer Electronics, Semiconductors, Healthcare, Metallurgy, Lighting, Automotive, Nuclear Labs, Anti-counterfeiting and others. On the basis of geography, the global electric AC motors market is segmented into regions which are; Europe (Germany, Spain, Italy, France, UK and Rest of Europe), Asia-Pacific (Japan, China, India, Australia, South Korea and Rest of Asia Pacific), North America (the United States, Mexico and Canada) and Rest of the World (Brazil, Saudi Arabia, South Africa, United Arab Emirates and Others).The key industry participants for the electric AC motors market are; Rare Earth Metals Inc, Lynas, Avalon Rare Metals, China Minmetals and Baogang Group. The market members have high volume assets and resources, and work with high creation capacities. The mining organizations coordinate with organizations that offer distribution, and separation administrations. Besides, the key players consistently put resources into investigate and advancement to expand the application scope in significant end-use verticals.

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The Europium Market is segmented as follows-

By Application:

• Catalysts
  
  
• Phosphors
  
  
• Metal Alloys
  
  
• Permanent Magnets
  
  
• Glass Polishing
  
  
• Ceramics
  
  
• Glass Additives
  
  
• Others

By End user

• Consumer Electronics
  
  
• Semiconductors
  
  
• Healthcare
  
  
• Metallurgy
  
  
• Lighting
  
  
• Automotive
  
  
• Nuclear Labs
  
  
• Anti-counterfeiting
  
  
• Others

By Region

• North America

• U.S
  
  
• Canada
  
  
• Mexico

• Europe

• Germany
  
  
• France
  
  
• UK
  
  
• Italy
  
  
• Spain
  
  
• Rest of Europe

• Asia-Pacific

• Japan
  
  
• China
  
  
• Australia
  
  
• India
  
  
• South Korea
  
  
• Rest of Asia Pacific

• Rest of the World

• Brazil
  
  
• South Africa
  
  
• Saudi Arabia
  
  
• United Arab Emirates
  
  
• Others

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