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Erbium Oxide Market - Forecast (2022 - 2027)

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  • 121 Pages
  • February 2022
  • Region: Global
  • IndustryARC
  • ID: 5616186
The Erbium Oxide market size is forecast to reach $X.X million by 2027, after growing at a CAGR of X.X% during 2022-2027. Erbium oxide is a water insoluble oxide of transition metal erbium. The metal is part of the rare earth metal group. It is highly hygroscopic and can absorb carbon dioxide from the environment. Erbium is produced from xenotime and euxenite minerals. Erbium oxide exhibit excellent electrical, photoluminescence and optical properties, hence it has varied applications due to which the market is expected to grow during the forecast period. The development of new applications of erbium oxide Nanoparticles are expected to provide immense opportunities for the players in the market. These nanoparticles can be used in display monitors and bio-imaging. Additionally, recycling of erbium oxide from E-waste is expected to be an important opportunity in the next few years.

Report Coverage

The report: “Erbium Oxide Market- Forecast (2022-2027)” covers an in-depth analysis of the following segments of the Erbium Oxide Market Industry.
  • By Application: Ceramics, Glass, Electrical & Electronics, Aerospace, Medical and Others.
  • By Geography: North America, South America, Europe, APAC, and RoW

Key Takeaways

  • New product developments and increasing investments in research and development of erbium oxide are expected to drive the growth of this market.
  • Among application, the electrical & electronics segment is projected to lead the erbium oxide market during the forecast period.
  • the Asia Pacific dominated the erbium oxide market.
  • By Application - Segment Analysis
The Electrical & Electronics segment held a significant share in the erbium oxide market in 2019 growing at a CAGR of XX% during the forecast period. Erbium oxide can be dispersed in glass or plastic for display purposes, such as display monitors. Erbium oxide is widely used in display monitors due to its electrical properties. Burgeoning consumer electronic production globally is fueling the demand for the display panel, which in turn anticipated to drive the erbium oxide market.

Due to the COVID-19 pandemic, the production facilities of the electronics parts have been halted owing to the logistics slowdown and unavailability of the workforce across the globe. The shutdown of retail shops and showrooms of major brands, supermarkets, and hypermarkets for a definite period of time is further anticipated to affect the sales of various electronics products, which in turn affects the erbium oxide market.

Geography- Segment Analysis

Asia Pacific dominated the erbium oxide market with a share of more than XX%, followed by North America and Europe. This is primarily because of higher demand from the electronics sector due to a growing population. The burgeoning consumer electronic industry globally is fueling the demand for the display panel, which in turn expected to drive the erbium oxide market. China is the hub for major rare earth materials in terms of production due presence of a large amount of reserves available. In terms of consumption, China holds a large share of the majority of the end-use industries such as automotive, electronics and permanent magnet industries. Strong industrial growth and shifting manufacturing base of major end-use industries makes Asia-Pacific, the fastest growing regional market during the forecast period.

Drivers - Erbium Oxide Market

Increasing usage of erbium oxide in various applications

Growing demand for erbium oxide from the display panel industry is expected to drive the market. Due to erbium oxide’s optical and electrical properties, it is primarily used in display monitors such as LEDs and LCDs. The Internet of things is an upcoming trend in the developed world of which display panels form the indispensable element. Furthermore, growth in smartphone and phablet adoption in developing countries is driving the display panel industry. Additionally, growth in the semiconductor industry due to increasing consumer and industrial electronics is expected to fuel the erbium oxide market. Erbium oxide is used as the up-conversion material in capacitors and semiconductor transistors. Furthermore, the growing permanent magnet industry is expected to drive the erbium oxide market. The compound can be paramagnetic, anti-ferromagnetic and ferromagnetic depending on the temperature.

Challenges - Erbium Oxide Market

Health effects

The highly toxic nature of erbium is expected to hamper the market growth. Erbium oxide, when injected, inhaled or taken orally can have harmful effects on human health. The symptoms of erbium oxide toxicity could be ataxia, writhing, arched back, labored respiration and sedation. Erbium oxide is graded as an irritant by Environmental Protection Agency (EPA) and can cause serious skin and eye irritation. Furthermore, high raw material cost is anticipated to hamper the erbium oxide market. Supply of the erbium is highly dependent on mining activities in regions where reserves are abundant. Any political or economic disruptions in these regions can cause supply issues and hence affect the market growth.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the erbium oxide market. In 2019, the market of erbium oxide has been consolidated by the top five players accounting for xx% of the share. Major players in the erbium oxide market are Epsi Metals, Arafura Resources, Avalon Rare Metals Inc., Alkane Resources Ltd., China Rare Earth Holding Limited, Great Western Minierals Group Ltd., Indian Rare Earths Limited, Frontier Rare Earths Ltd., Molycorp and Inner Mongolia Baotou Steel Rare Eartch Hi-Tech Co. among others.

Product Launch/ Acquisition

  • In September 2019, Arafura Resources Ltd has signed a second memorandum of understanding (MoU) to supply rare earth products from its 100% owned Nolans NdPr Project in the Northern Territory. The MoU is with one of China’s leading manufacturers of neodymium iron boron (NdFeB) permanent magnets named Baotou Tianhe Magnetics Technology Co., Ltd.

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Table of Contents

1. Erbium Oxide Market - Overview
1.1. Definitions and Scope
2. Erbium Oxide Market - Executive summary
2.1. Market Revenue, Market Size and Key Trends by Company
2.2. Key Trends by type of Application
2.3. Key Trends segmented by Geography
3. Erbium Oxide Market
3.1. Comparative analysis
3.1.1. Product Benchmarking - Top 10 companies
3.1.2. Top 5 Financials Analysis
3.1.3. Market Value split by Top 10 companies
3.1.4. Patent Analysis - Top 10 companies
3.1.5. Pricing Analysis
4. Erbium Oxide Market Forces
4.1. Drivers
4.2. Constraints
4.3. Challenges
4.4. Porters five force model
4.4.1. Bargaining power of suppliers
4.4.2. Bargaining powers of customers
4.4.3. Threat of new entrants
4.4.4. Rivalry among existing players
4.4.5. Threat of substitutes
5. Erbium Oxide Market - Strategic analysis
5.1. Value chain analysis
5.2. Opportunities analysis
5.3. Product life cycle
5.4. Suppliers and distributors Market Share
6. Erbium Oxide Market - By Applications (Market Size -$Million / $Billion)
6.1. Market Size and Market Share Analysis
6.2. Application Revenue and Trend Research
6.3. Product Segment Analysis
6.3.1. Ceramics
6.3.2. Glass
6.3.3. Electrical & Electronics
6.3.4. Aerospace
6.3.5. Medical (Bio Imaging, Dentistry and Dermatology)
6.3.6. Others
7. Erbium Oxide - By Geography (Market Size -$Million / $Billion)
7.1. Erbium Oxide Market - North America Segment Research
7.2. North America Market Research (Million / $Billion)
7.2.1. Segment type Size and Market Size Analysis
7.2.2. Revenue and Trends
7.2.3. Application Revenue and Trends by type of Application
7.2.4. Company Revenue and Product Analysis
7.2.5. North America Product type and Application Market Size U.S. Canada Mexico Rest of North America
7.3. Erbium Oxide - South America Segment Research
7.4. South America Market Research (Market Size -$Million / $Billion)
7.4.1. Segment type Size and Market Size Analysis
7.4.2. Revenue and Trends
7.4.3. Application Revenue and Trends by type of Application
7.4.4. Company Revenue and Product Analysis
7.4.5. South America Product type and Application Market Size Brazil Venezuela Argentina Ecuador Peru Colombia Costa Rica Rest of South America
7.5. Erbium Oxide - Europe Segment Research
7.6. Europe Market Research (Market Size -$Million / $Billion)
7.6.1. Segment type Size and Market Size Analysis
7.6.2. Revenue and Trends
7.6.3. Application Revenue and Trends by type of Application
7.6.4. Company Revenue and Product Analysis
7.6.5. Europe Segment Product type and Application Market Size U.K Germany Italy France Netherlands Belgium Spain Denmark Rest of Europe
7.7. Erbium Oxide - APAC Segment Research
7.8. APAC Market Research (Market Size -$Million / $Billion)
7.8.1. Segment type Size and Market Size Analysis
7.8.2. Revenue and Trends
7.8.3. Application Revenue and Trends by type of Application
7.8.4. Company Revenue and Product Analysis
7.8.5. APAC Segment - Product type and Application Market Size China Australia Japan South Korea India Taiwan Malaysia
8. Erbium Oxide Market - Entropy
8.1. New product launches
8.2. M&A's, collaborations, JVs and partnerships
9. Erbium Oxide Market Company Analysis
9.1. Market Share, Company Revenue, Products, M&A, Developments
9.2. China Rare Earth Holding Limited
9.3. Great Western Minerals Group Ltd.
9.4. Indian Rare Earths Limited
9.5. Frontier Rare Earths Ltd.
9.6. Avalon Rare Metals Inc.
9.7. Company 6
9.8. Company 7
9.9. Company 8
9.10. Company 9
9.11. Company 10 and more
10. Erbium Oxide Market -Appendix
10.1. Abbreviations
10.2. Sources