Yttrium Market Global By Product Type,Geography And Applications (2017 – 2022)

Description

The Global Yttrium Market shipped 9000 tons of yttria (yttrium oxide), the major source of yttrium, and it is expected to grow at a CAGR of 15.45% to reach XX.XX tons by 2020.

The market witnessed a year on year growth of below XX.XX% from 2013 to 2014. Yttrium-oxide, the major ore and primary source of yttrium metal, and its various compounds and alloys are produced in small quantities in a limited few regions across the world. The majority of the aforementioned oxide is extracted from the deposits of other rare-earth elements and metals during their mining and subsequent purification.

A limited amount is also being extracted from scarcely found minerals gadolinite, xenotime, samarskite, euxenite, fergusonite, yttrotantalite, yttrotungstite, and yttrialite. Because of the concentration of yttrium oxide reserves and mines in certain geographies across the globe, mainly in China, the product has limited international trade.

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Yttrium, owing to its superior physical properties, such as excellent electrical conductivity, heat stabilizing and creep resistant properties, and light weight, is becoming an integral part of various applications in major commercial and industrial sectors.

In the yttrium market report, we have taken the following major applications into consideration: Phosphors, Defense, Ceramics, Electronic devices (Superconductors), High Temperature Refractories, Lasers, Metallurgical applications, SOFCs, and Others. The Phosphors application segment accounted for XX.XX% share of the global yttrium market in 2015.

This market is driven by a number of factors, such as demand from ceramic manufacturers, growing market for flat panel displays, and growing popularity of green vehicles. However, this market faces certain drawbacks, such as Chinas domination of Rare Earths (RE) industrial ecosystem, dwindling reserves and prices, and growing popularity of LED lighting. These factors may act as a roadblock to the growth of the market.

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The market has also been geographically segmented on consumption and production basis. The market, based on consumption has been divided into Asia-pacific, Europe, North America, South America, and Middle-East and Africa. The regions have further been divided into major countries.

In terms of consumption in 2015, China led the market with a share of XX.XX%. It was followed by Japan and the United States. Owing to the high reserves of yttrium and increasing economic development in the country, combined with the restrictive yttrium export policies enacted by the government, yttrium consumption is increasing in China.

Furthermore, the increasing number of applications in defense sector and recycling of phosphors for yttrium retrieval will offer numerous opportunities in the growth of the global yttrium market. The companies and vendors in the market have also been segmented by the regions market, into Chinese, Australian, Indian, Japanese, European, and North American manufacturers.

Major Manufacturers:

  • Chengdu Haoxuan Technology Co. Ltd. (China)
  • China Rare Earth Co. Ltd. (China)
  • Double Park International Corporation (China)
  • Alkane Resources (Australia)
  • Arafura Resources Ltd (Australia)
  • Chinalco Yunnan Copper Resources (Australia)
  • Nippon Yttrium Co. (Japan)
  • The Nilaco Corporation (Japan)

….. and More Key Players

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Key Deliverables in the Study

  1. Market analysis for the global yttrium market, with region specific assessments and competition analysis on global and regional scales
  2. Market definition along with the identification of key drivers and restraints
  3. Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
  4. Extensively researched competitive landscape section with profiles of major companies along with their market shares
  5. Identification and analysis of the macro and micro factors that affect the global yttrium market on both global and regional scales
  6. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
  7. A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
  8. Insights on the major countries/regions in which this industry is blooming and identification of the regions that are still untapped

Table of Contents:

  1. Introduction

1.1 Description

1.2 Research Methodology

  1. Executive Summary
  2. Yttrium Market

3.1 Market Definition

3.2 Industry Value Chain Analysis

3.3 Industry Attractiveness – Porter’s Five Forces Model

.. and Continued

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