Europium Market Key Highlights:
- Market Size (2024): USD 252 Million
- Projected Market Size (2034): USD 430 Million
- CAGR (2024-2034): 5.5%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Europium Market Definition
The europium market refers to the production, distribution, and use of this element, which is rarely found on Earth; it is mainly found in oxide form. European doped plastic has been used as a laser material for numerous years. It is excellent at absorbing neutrons, making it valuable in control rods for nuclear reactors. The primary use of the europium is red phosphors in optical displays and TV screens that use cathode ray tubes and in glass for fluorescent lamps. It is also used to make thin, super-conducting alloys. There is a high demand for this element in ceramics, phosphors, permanent magnets, glass polishing, metal alloys, and catalysts, which is driving the growth of the europium market.
However, the challenging factors of the market include the need to adapt to changing market demands, regulatory hurdles, and raw material availability that can slow down the market's growth. The future scope of the market includes a focus on sustainable practices, improved production techniques, advances in renewable energy, advancement in technology, and increasing use in the electronics sector that will help the growth of the europium market.
Europium Market Segmentation:
By End-use
- Consumer Electronics
- Lighting
- Semiconductors
- Automotive
- Healthcare
- Nuclear Labs
- Metallurgy
- Anti-counterfeiting
- Others
By Application
- Catalysts
- Metal Alloys
- Glass Polishing
- Permanent Magnets
- Phosphors
- Ceramics
- Glass Additives
- Others
Europium Market Companies:
- Avalon Rare Metals Inc.
- Molycorp
- Lynas Rare Earths Ltd
- Minmetals Corporation
- Baotou Steel Rare-Earth
- Xiamen Tungsten
- Great Western Minerals Group Ltd.
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