About Europium
Europium is the Most Reactive and Softest Chemical Element in the Lanthanide Series Elements. It is one of The Rarest of the Rare Earth Elements on the Earth. It Needs to be Stored under an Inert Fluid to Protect it from Atmospheric Oxygen or Moisture. It is White-Silvery in Appearance. Europium isn’t Found Freely in Nature and is Derived from Other Rare Elements like Monazite and Bastnasite. It Is Highly Reactive with the Water. It Reacts Readily with Oxygen in the Air and Catches Fire Spontaneously. It Exists in Nature as Two Isotopes, Namely Europium-151 and Europium-153
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 13.1% |
The Market for the Europium is Concentrated with the Presence of a Low Number of Players. Owing to the Rising Applications of the Europium, There Are Growing Prospects for the New Players to Enter the Market Analyst at AMA Research estimates that North American Vendors will contribute the maximum growth to Global Europium market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Avalon Advanced Materials (Canada), Rare Element Resources (United States), Canada Rare Earth Corp (Canada), Lynas Corporation (Malaysia), Neo Performance Materials (Canada), Indian Rare Earths (India), ACI Alloys (United States), American Elements (United States), Hastings Technology Metals (Australia) and Advanced Engineering Materials Limited (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Europium market by Type (Powder, Wire, Rod and Others), Application (Semiconductors, Phospher, Nuclear Labs, Anti-Counterfeiting and Others) and Region.
On the basis of geography, the market of Europium has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Salt Form, the sub-segment i.e. Hydrous will boost the Europium market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Purity, the sub-segment i.e. Less than 99 Percent will boost the Europium market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Usage of Europium Owing to its Fluorescent Characteristics under Ultraviolet Light
Market Growth Drivers:
Rise in the Production of Nuclear Energy Requiring Europium as Control Rods Nuclear Reactor due to its Effectiveness in Absorbing Neutrons and Usage of Europium in Euro Currency Notes for Tackling Counterfeiting of Notes
Challenges:
The Europium Market faces challenges due to limited availability of the Europium
Restraints:
Stringent Government Regulations Associated with the Export of the Europium
Opportunities:
There is an Increased Opportunity for the Usage of the Europium in the Electronics Industry for Manufacturing Ultra-Thin Superconducting Alloys and With The Rise in the Consumer Goods like LED and LCD Televisions, there are Increasing Prospects for The Usage of Europium as Phosphor, thus Promoting Market Expansion
Market Leaders and their expansionary development strategies
In September 2023, Shin-Etsu Chemical Co. announced plans to expand its production capacity for rare-earth magnets, including samarium-cobalt magnets containing Europium, to meet the growing demand for electric vehicles and wind turbines.
In May 2023, Mitsubishi Chemical, a Japanese conglomerate involved in various chemical industries, signed a memorandum of understanding with Zhejiang Huate Rare Earth Co., a Chinese producer of rare earths, to explore collaboration in the rare earth industry. This could potentially lead to new partnerships and technological advancements related to Europium processing and applications.
Key Target Audience
Manufacturers of Europium, Research and Development Units, Investors, Regulatory and Government Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.