The "Europium Market Analysis By Application (Permanent Magnets, Catalysts, Glass Polishing, Phosphors, Ceramics, Metal Alloys, Glass Additives), By End-use, And Segment Forecasts, 2014 - 2025" report has been added to ResearchAndMarkets.com's offering.

The europium market was valued at USD 209 million in 2016 and is projected to grow at a CAGR of 4.6% over the forecast period, reaching USD 308.9 million by 2025.

The rapid growth of the consumer electronics industry across the globe can be regarded responsible for market growth in recent years. In addition, the increasing application scope of the product in the automobile, electrical, energy, and material sciences industries is expected to have a positive impact on the overall market growth over the forecast period.

Increased demand for europium oxide and nitrates for the manufacture of red and blue phosphors largely used in electronics, including television, smart phones, and laptops, is expected to propel the demand for europium during the forecast period. Further, the increasing penetration in healthcare markets, largely for the purpose of optical imaging and therapy, is expected to positively impact product demand in the near future.

Europium oxides and its derivatives are increasingly being used in nuclear reactor control rods owing to their neutron absorbing property. The growing dependency on nuclear energy for electricity generation is expected to benefit market growth over the next few years.

The europium industry is expected to witness the highest growth in phosphors application, slated to grow at a CAGR of 5% during the forecast period, in terms of volume and revenue. Industry players such as China MinMetals Corporation, Baotou Group, Avalon Advanced Materials Inc. and Lynas Corporation engage in exploration, mining, development and manufacture of europium along with other rare metals.

Companies Mentioned

  • Avalon Advanced Materials Inc.
  • Rare Element Resources Ltd..
  • Canada Rare Earth Corporation
  • Lynas Corporation Ltd.
  • China Minmetals Corporation
  • Neo Performance Materials
  • Indian Rare Earth Ltd.
  • Arafura Resources Ltd.
  • ACI Alloys Inc.
  • All-Chemie Ltd.
  • American Elements
  • Hastings Technology Metals Ltd

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