市場調查報告書
商品編碼
1622530
全球銪市場規模(按產品、最終用戶、應用、地區、範圍和預測)Global Europium Market Size By Product (Eu (II), Eu (III)), By End-User (Consumer Electronics, Lighting, Semiconductors), By Application (Catalysts, Metal Alloys, Glass Polishing), By Geographic Scope And Forecast |
2020 年銪市場規模價值 46.9 億美元,預計到 2028 年將達到 122.4 億美元,2021 年至 2028 年的複合年增長率為 12.70%。
銪是一種化學元素,主要用於製造 LED、智慧螢幕、智慧型手機、平面顯示器和穿戴式產品。這些產品銷售量的增加將對銪的需求產生直接影響。銪金屬、化合物和氧化物用於製造各種消費性電子產品中使用的螢光粉。這些是預計推動全球銪市場成長的一些因素。全球銪市場報告對市場進行了整體評估。它對關鍵細分市場、趨勢、市場推動因素、阻礙因素、競爭格局以及在市場中發揮關鍵作用的因素進行了全面的分析。
定義全球銪市場
銪是地球上的稀有元素之一,主要以其氧化物的形式存在。銪與其他稀土元素一起從氟碳鈰礦和獨居石等礦物中提取。然後將其分離並淨化。銪也與其他稀土和氧化物一起被萃取出來,用於製造各種合金、添加劑、磷光體和化合物。許多公司參與這些元素的開採、勘探、提煉、開發和分銷。由於銪的稀有性和廣泛的用途,其價格受到多種因素的影響,包括產量有限、開採成本高和供應量低,因此波動很大。此外,由於銪與其他金屬共生,因此它主要依賴各種其他稀土元素的生產,進而影響產品的價格。
銪需求量的增加,是由電視、螢光燈、穿戴式裝置和智慧型手機的需求快速成長所推動的。此外,印度、中國等新興國家對消費性電子產品的需求快速成長也刺激了全球銪市場,預計全球銪市場將出現強勁成長。此外,銪在核能領域也有應用。氧化銪及其衍生物由於其吸收特性而被用於核反應器的控制棒。隨著對核能發電的依賴越來越大,預計未來幾年市場將保持良好的成長速度。
全球銪市場概況
全球銪市場受到全球電子產品需求不斷增長等因素的推動。銪在電子領域的主要用途是由於其特殊的磷光和光致發光特性。此外,隨著銪市場的興起,電子陶瓷的需求量也不斷增加。電子陶瓷是用於電子功能應用的陶瓷材料。此外,隨著數位化和物聯網的興起,電子陶瓷被應用於自動化的各個部分,對電子陶瓷的需求呈指數級增長。程式設計師在設計 PCB 時也會使用電子陶瓷材料進行板載程式設計。
銪也可應用於醫療保健產業,用於治療和光學成像。因此,預計預測期內醫療保健產業對銪的使用增加將推動市場發展。此外,螢光粉中使用的銪也用於歐元紙幣中,以防止偽造。螢光粉在特定光線下會發光,更容易辨識假幣。此外,銪同位素具有吸收中子的能力,這就是為什麼它們被用於核反應器棒的原因。由於銪資源稀缺,市場受到供應有限、產量有限等因素的阻礙。
此外,加工、合金和精煉技術的缺乏進一步阻礙了市場的成長。然而,由於它們在玻璃添加劑、市場催化劑、陶瓷、永久磁鐵、金屬合金等眾多應用領域的使用,預計在預測期內將增加其市場佔有率。 2020年,隨著新冠疫情在全球蔓延,由於嚴格的封鎖和大宗商品需求減少,銪市場出口再次放緩。市佔率下降的原因是銪市場對銪的使用量很高,家電銷售的下降減緩了銪市場的成長。
Europium Market size was valued at USD 4.69 Billion in 2020 and is projected to reachUSD 12.24 Billion by 2028, growing at aCAGR of 12.70% from 2021 to 2028.
Europium is the chemical element that is primarily used in the production of LEDs, smart screens, smartphones, flat panel displays, and wearables. With a rise in the sale of these products it directly affects the demand for europium. Europium metal, compounds, and oxides are used for manufacturing phosphors which are used in various consumer electronics. These are some factors that are expected to enhance the growth of the global Europium Market. The Global Europium Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Europium Market Definition
Europium is one of the rare elements found on Earth, it is mainly found in oxide form. It is the extraction of europium is done along with some other rare earth elements such as bastnasite and monazite ores. Later on, it is separated and refined. Europium is extracted along with some other rare earth and oxides are also used in the production of various alloys, additives, phosphors, and compounds. Numerous companies are involved in the mining, exploration, refining, development, and distribution of these elements. With the rarity of europium and its widespread use, the prices are extremely volatile owing to various factors such as limited production, High cost of extraction, and scarce availability. In addition, it mainly depends on the production of various other rare earth elements as they are found along with other metals, Hence this affects the price of the product.
The factor for the increase in demand for europium is owing to a rapid rise in demand for televisions, fluorescent lights, wearables, and smartphones. In addition, the rapid increase rise in demand for consumer electronics from developing countries like India and China is further fueling the global Europium Market, therefore a high growth is expected in the market. Further europium finds its application in nuclear energy. Europium oxides and their derivatives are used in nuclear reactor control rods for their absorbing property. With an increase in dependency on nuclear energy owing to electricity generation the market is forecasted to grow at a good pace in the coming future.
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Global Europium Market Overview
The global Europium Market is driven by factors like a constant increase in demand for electronics products worldwide. The main applications of Europium in electronics are owing to its special phosphorescent and photoluminescence properties. In addition, owing to the rise in the Europium Market the increase in demand for electroceramics is also witnessed. Electroceramics are ceramics materials used as applications that are used in the electronic function. Further, with an increase in digitalization and IoT, the demand for electroceramics drastically increased as it has applications in every part of automation. Electroceramics materials are also used to build a board on which PCB designing is done by the programmer in order to program on it owing to which the growth in market share is witnessed in the forecasted period.
Europium also finds its application in the healthcare industry owing to its use in therapy and optical imaging. Therefore with the increase in the use of europium in the healthcare industry is expected to increase the market in the forecasted period. In addition, europium which is used in phosphors is also used in euro banknotes for anti-forgery purposes. The identification on fake notes becomes easy owing to use of phosphors as it glows under certain light which helps in differentiation. Further, europium isotopes have their application in nuclear reactor rods owing its property of neutron absorption. Some of the restrain of the Europium Market is owing to its rarity, as growth is hampered by factors like scarce availability and limited production.
In addition to a lack of fabricating, alloying, and refining technologies the growth of the market gets further hampered. Although with its increase in use in numerous applications such as glass additives, catalysts, ceramics, permanent magnets, and metal alloys, and so on will increase the market share in the forecasted period. In 2020, with a spread of covid-19 across the globe the Europium Market has witnessed a downfall as owing to stringent lockdown and decrease in demand of goods and slowdown in export has also been witnessed. The drop in market share was witnessed owing to the larger use of europium in the Europium Market, the decrease in sales of consumer electronics has slowed down the growth of the Europium Market.
The Global Europium Market is Segmented on the basis of Product, End-User, Application, And Geography.
Based on Product, The market is bifurcated into Eu (II), EU (III), and Others. Eu (III) can be reduced to Eu (II) for the production of new phosphors.
Based on End-User, The market is bifurcated into Consumer Electronics, Lighting, Semiconductors, Automotive, Healthcare, and Others. The consumer electronics sub-segment is expected to grow higher pace and is expected to have a larger market share owing to increase in manufacturing and use of consumer electronics such as smartphones, wearables, television, and panel display worldwide and specifically in the Asia Pacific region which includes countries like South Korea, India, and China.
Based on Application, The market is bifurcated into catalysts, metal alloys, glass polishing, permanent magnets, phosphors, and others. The Phosphors sub-segment dominates with a larger market share. The reason behind this is the high use of phosphors in the electronics industry. The high use of europium and its oxides are used in the manufacturing of red and blue phosphors that are widely used in smartphone and television sets. In addition, the growth of permanent magnets and catalysts is expected to increase the global Europium Market owing to its applications in the automotive industry, metallurgy, and semiconductors.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.