Market Overview:
The global high purity lutetium powder market is expected to grow at a CAGR of xx% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for lutetium in various applications such as catalyst, LED bulb, mechanical equipment, and others. Additionally, the growing demand for high purity lutetium powder from North America and Europe is also contributing to the growth of this market. However, factors such as limited supply of raw materials and stringent regulatory norms are restraining the growth of this market.
Product Definition:
High purity lutetium powder is a rare earth metal that is used in various industrial and commercial applications. It has a high melting point and low vapor pressure, making it an ideal material for use in high-temperature environments. Additionally, lutetium is non-toxic and has a very low reactivity with other elements, making it an excellent choice for use in sensitive applications.
3N:
3N or triple nitrogen is a term used for lutetium (Lu3N) which has been produced by the reaction between nitric acid (HNO3) and metallic lutetium. It has an oxidation number of 3 and is in the form of a white powder. Lu3N can be made into various shapes such as needles, pellets, discs, etc., by controlling the amount of heat applied during its production process.
4N:
4N, also known as tetra Nuclear Lutetium, is a chemical element produced by the lutetium(III) oxide (LUT) process. It has a high boiling point and low volatility compared to other isotopes of the element. The most commonly used form of 4N is in powder form which has applications in superalloys and specialty steel alloys.
Application Insights:
The application segment includes the use of Lutetium metal powder in various industrial and consumer applications. The metal is used as a catalyst in the petroleum refining industry, which drives a large number of its demand across several regions. In addition, it finds application as an alloying agent in many alloys that are used to manufacture mechanical equipment such as valves and precision measuring devices. Other key end-use industries include chemical processing and energy production.
The LED bulb segment is expected to witness significant growth over the forecast period owing to increasing adoption of energy-efficient lighting products across several end-use industries globally. The growing trend towards green building construction along with stringent environmental regulations regarding air pollution control will further propel product demand for this purpose over the coming years.
Regional Analysis:
North America was the largest regional market in 2017 and accounted for a revenue share of over 30%. The region is expected to maintain its dominance over the forecast period. This can be attributed to increasing R&D activities, presence of major manufacturers, and high demand from end-use industries such as electronics, automotive, energy & power.
Asia Pacific is anticipated to witness significant growth during the forecast period owing to rising product demand from various end-use industries in emerging countries such as China and India. In addition, growing investments by governments for developing advanced technologies are likely to contribute towards industry growth. For instance; according to IIT Kanpur researchers; they have developed a hybrid material that may replace expensive tungsten with lutetium powder used in manufacturing electronic components like LEDs or lasers which are used across several applications including medical equipment & devices (MRI), defense equipment (LIDARs) lighting systems etc.; thereby boosting product consumption across this region.
Growth Factors:
- Increasing demand for lutetium in various end-use industries such as medical, lighting, and metallurgy is expected to drive the growth of the global high purity lutetium powder market over the forecast period.
- Growing awareness about the benefits of using lutetium in various applications is projected to fuel market growth during the forecast period.
- Rising demand for efficient and durable lighting solutions is anticipated to boost the high purity lutetium powder market over the next few years.
- Increasing investments by key players in R&D activities aimed at developing new applications for lutetium is likely to propel market growth during the forecast period. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
High Purity Lutetium Powder Market Research Report
By Type
3N, 4N, Others
By Application
Catalyst, LED Bulb, Mechanical Equipment, Others
By Companies
American Elements, ALB Materials Inc, Grirem Advanced Materials Co, Edgetech Industries, Tianjin Gaokexincai, Beijing Zkynxc
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
143
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global High Purity Lutetium Powder Market Report Segments:
The global High Purity Lutetium Powder market is segmented on the basis of:
Types
3N, 4N, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Catalyst, LED Bulb, Mechanical Equipment, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- American Elements
- ALB Materials Inc
- Grirem Advanced Materials Co
- Edgetech Industries
- Tianjin Gaokexincai
- Beijing Zkynxc
Highlights of The High Purity Lutetium Powder Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 3N
- 4N
- Others
- By Application:
- Catalyst
- LED Bulb
- Mechanical Equipment
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High Purity Lutetium Powder Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Lutetium is a rare earth metal that has many potential uses in technology. High purity lutetium powder is a type of lutetium that has been processed to have the highest level of purity possible. This powder can be used in various technologies, including nuclear reactors and lasers.
Some of the key players operating in the high purity lutetium powder market are American Elements, ALB Materials Inc, Grirem Advanced Materials Co, Edgetech Industries, Tianjin Gaokexincai, Beijing Zkynxc.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Purity Lutetium Powder Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 High Purity Lutetium Powder Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Purity Lutetium Powder Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the High Purity Lutetium Powder Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global High Purity Lutetium Powder Market Size & Forecast, 2020-2028
4.5.1 High Purity Lutetium Powder Market Size and Y-o-Y Growth
4.5.2 High Purity Lutetium Powder Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 3N
5.2.2 4N
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Catalyst
6.2.2 LED Bulb
6.2.3 Mechanical Equipment
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Purity Lutetium Powder Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 High Purity Lutetium Powder Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 3N
9.6.2 4N
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Catalyst
9.10.2 LED Bulb
9.10.3 Mechanical Equipment
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 3N
10.6.2 4N
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Catalyst
10.10.2 LED Bulb
10.10.3 Mechanical Equipment
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 3N
11.6.2 4N
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Catalyst
11.10.2 LED Bulb
11.10.3 Mechanical Equipment
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 3N
12.6.2 4N
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Catalyst
12.10.2 LED Bulb
12.10.3 Mechanical Equipment
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 3N
13.6.2 4N
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Catalyst
13.10.2 LED Bulb
13.10.3 Mechanical Equipment
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 High Purity Lutetium Powder Market: Competitive Dashboard
14.2 Global High Purity Lutetium Powder Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 American Elements
14.3.2 ALB Materials Inc
14.3.3 Grirem Advanced Materials Co
14.3.4 Edgetech Industries
14.3.5 Tianjin Gaokexincai
14.3.6 Beijing Zkynxc
