Market Overview:
The global terbium fluoride market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for terbium fluoride in optical materials, extract metal, and other applications. Terbium fluoride is used as an additive in optical materials due to its high refractive index and fluorescence properties. It is also used as a dopant in laser crystals and glasses for wavelength stabilization purposes.
Product Definition:
Terbium fluoride is a chemical compound with the formula TbF3. It is a white solid that is soluble in water. Terbium fluoride has some minor uses in glass making and as a dopant for lasers but it is most important as an intermediate in the production of other terbium compounds.
Purity ≤99.5%:
Purity ≤99.5% is a type of rare earth fluoride, which contains elements from the periodic table such as Yttrium (Y), Terbium (Tb), and Dysprosium (Dy). These are naturally occurring elements found in the oxide form in rocks. The most common way to extract these rare earth metals is by using fluorination process with hydrofluoric acid and other compounds.
Purity ＞99.5%:
Purity 99.5% is a type of Pharmaceutical-grade Iodide (IOI) used in the production of Fluorine for fluoroscopy and other medical purposes. It is manufactured by the reaction between Sodium Iodide (NaIO3) and Hydrogen Peroxide (H2O2).
Application Insights:
The optical material segment dominated the global terbium fluoride market in terms of revenue share in 2017. The growing demand for TbF3-based products from various end-use industries such as optoelectronics, lasers, and LEDs is expected to drive the product consumption over the forecast period.
Extract metal was estimated as the second largest application segment with a volume share of 11.1% in 2017 owing to increasing investments for its extraction and processing activities globally. Increasing exploration activities for rare metals such as yttrium, lanthanum, cerium and neodymium have resulted in an increased mining output which has driven down prices across different markets globally over recent years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising demand for TbF3 from various end-use industries such as electronics, optoelectronics, medical equipment and others. China is one of the major producers of TbF3 globally owing to easy availability of raw materials coupled with low labor cost in this country.
The Latin American market for terbium fluoride is also expected to witness significant growth over the coming years due to increasing investments by foreign players in this region along with growing awareness regarding potential benefits offered by these products.
Growth Factors:
- Increasing demand from the optoelectronics industry for Terbium Fluoride as a dopant in laser materials and optical amplifiers
- Growing use of Terbium Fluoride in fluorescent lighting
- Rising demand for Terbium Fluoride from the medical industry for use in X-ray imaging systems and other medical applications
- Increasing popularity of Terbium Fluoride among research institutes and universities for its unique optical properties
- Growing number of manufacturers entering the market, resulting in increased competition and lower prices
Scope Of The Report
Report Attributes
Report Details
Report Title
Terbium Fluoride Market Research Report
By Type
Purity ≤99.5%, Purity ＞99.5%
By Application
Optical Material, Extract Metal, Other
By Companies
Shandong De Sheng, Tian Yi New Material, Guang Sheng Youse, Cinor Chemical, Chivine Resources, ALB Materials, SkySpring Nanomaterials, Qian Dong Group
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
170
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Terbium Fluoride Market Report Segments:
The global Terbium Fluoride market is segmented on the basis of:
Types
Purity ≤99.5%, Purity ＞99.5%
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
Optical Material, Extract Metal, Other
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:
- Shandong De Sheng
- Tian Yi New Material
- Guang Sheng Youse
- Cinor Chemical
- Chivine Resources
- ALB Materials
- SkySpring Nanomaterials
- Qian Dong Group
Highlights of The Terbium Fluoride 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:
- Purity ≤99.5%
- Purity ＞99.5%
- By Application:
- Optical Material
- Extract Metal
- Other
- 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 Terbium Fluoride 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?
Terbium fluoride is a white, crystalline solid that is used in industrial and scientific applications. It is also used as a dopant in semiconductor materials. Terbium fluoride has several potential uses, including lasers and optical communications.
Some of the major companies in the terbium fluoride market are Shandong De Sheng, Tian Yi New Material, Guang Sheng Youse, Cinor Chemical, Chivine Resources, ALB Materials, SkySpring Nanomaterials, Qian Dong Group.
The terbium fluoride market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Terbium Fluoride 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 Terbium Fluoride Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Terbium Fluoride 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 Terbium Fluoride 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 Terbium Fluoride Market Size & Forecast, 2020-2028
4.5.1 Terbium Fluoride Market Size and Y-o-Y Growth
4.5.2 Terbium Fluoride 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 Purity ≤99.5%
5.2.2 Purity ＞99.5%
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 Optical Material
6.2.2 Extract Metal
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Terbium Fluoride 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 Terbium Fluoride 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 Purity ≤99.5%
9.6.2 Purity ＞99.5%
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 Optical Material
9.10.2 Extract Metal
9.10.3 Other
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 Purity ≤99.5%
10.6.2 Purity ＞99.5%
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 Optical Material
10.10.2 Extract Metal
10.10.3 Other
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 Purity ≤99.5%
11.6.2 Purity ＞99.5%
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 Optical Material
11.10.2 Extract Metal
11.10.3 Other
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 Purity ≤99.5%
12.6.2 Purity ＞99.5%
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 Optical Material
12.10.2 Extract Metal
12.10.3 Other
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 Purity ≤99.5%
13.6.2 Purity ＞99.5%
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 Optical Material
13.10.2 Extract Metal
13.10.3 Other
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 Terbium Fluoride Market: Competitive Dashboard
14.2 Global Terbium Fluoride Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Shandong De Sheng
14.3.2 Tian Yi New Material
14.3.3 Guang Sheng Youse
14.3.4 Cinor Chemical
14.3.5 Chivine Resources
14.3.6 ALB Materials
14.3.7 SkySpring Nanomaterials
14.3.8 Qian Dong Group
