Market Overview:
The global ytterbium bromide market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for ytterbium bromide in various applications, such as chemical industry, laboratory, industrial application and others. Ytterbium bromide is available in different purity levels, such as 99%, 99.9%, 99.99% and 99.999%.
Product Definition:
Ytterbium Bromide is a compound made up of the elements ytterbium and bromine. It is used as an alloying agent in certain types of steel, to help improve its strength and resistance to corrosion.
Purity 99%:
Purity 99% is a term used for the highest level of purity, which means that there is no contamination or other impurities in the final product. It has been established by International Organization for Standardization (ISO) as international standard ISO 15011-2:2006. The main purpose of this standard is to provide assurance regarding high quality and safety of products manufactured using bromine and chlorine byproducts, which are often used in firefighting foams and dry chemical powders.
Purity 99.9%:
Purity 99.9% is a type of crystalline bromide, which contains no impurities or other constituents. It has high purity and is used in the production of infrared optical windows, laser material for opto-electronic applications and as an additive in superalloys.
The key application areas include aerospace & defense industry, semiconductors & electronics industry, research institutes & educational institutions.
Application Insights:
The chemical industry accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The key factors contributing to this growth include increasing demand from various sectors such as automotive, construction, electronics, coatings, etc. Other applications of ytterbium bromide include research laboratories and industrial applications.
The industrial application segment is anticipated to witness a CAGR of XX% from 2018 to 2030 owing to rising product usage in manufacturing process such as refining oil & gas or making fertilizers which increases yield. Ytterbium bromide compounds are used extensively in fire extinguishing agents due largely to their ability of self-activation under high temperatures (above 800°C) thereby providing effective fire protection with minimal human intervention required at regular intervals during the course of operations.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to maintain its position during the forecast period. The presence of major ytterbium bromide producing countries such as China, India, Japan, and South Korea is anticipated to drive the regional market growth. In addition, increasing chemical production in this region coupled with growing nuclear power plant construction activities are likely to augment product demand over the coming years.
The European chemical industry has been one of the key sectors driving economic growth across Europe since 2009’s global financial crisis. It has a vital role in supporting domestic manufacturing by providing access to export markets for goods produced within a country's borders thus promoting domestic production and reducing imports which benefits economies across all stages of trade from raw material suppliers through final consumers. This factor is anticipated to propel ytterbium bromide demand over next eight years throughout Europe especially Germany Italy France Spain U-K.
Growth Factors:
- Increasing demand for ytterbium bromide in various end-use industries such as optics, lasers, and medical devices.
- Growing research and development activities for the use of ytterbium bromide in new applications.
- Rising production of ytterbium bromide by key manufacturers across the globe.
- Increasing adoption of ytterbium bromide owing to its unique properties such as high thermal stability and low toxicity levels.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ytterbium Bromide Market Research Report
By Type
Purity 99%, Purity 99.9%, Purity 99.99%, Purity 99.999%
By Application
Chemical Industry, Laboratory, Industrial Application, Others
By Companies
American Elements, Alfa Aesar, Ereztech, Chemdyes Corporation, ProChem, Abcr Gute Chemie, Biosynth Carbosynth
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Ytterbium Bromide Market Report Segments:
The global Ytterbium Bromide market is segmented on the basis of:
Types
Purity 99%, Purity 99.9%, Purity 99.99%, Purity 99.999%
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
Chemical Industry, Laboratory, Industrial Application, 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
- Alfa Aesar
- Ereztech
- Chemdyes Corporation
- ProChem
- Abcr Gute Chemie
- Biosynth Carbosynth
Highlights of The Ytterbium Bromide 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%
- Purity 99.9%
- Purity 99.99%
- Purity 99.999%
- By Application:
- Chemical Industry
- Laboratory
- Industrial Application
- 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 Ytterbium Bromide 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.
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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?
Ytterbium bromide is a chemical element with the symbol Yb and atomic number 67. It is a soft, silvery-white metal that tarnishes when exposed to air. It occurs in nature as an alloy with other elements, most notably lead and copper.
Some of the major companies in the ytterbium bromide market are American Elements, Alfa Aesar, Ereztech, Chemdyes Corporation, ProChem, Abcr Gute Chemie, Biosynth Carbosynth.
The ytterbium bromide market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ytterbium Bromide 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 Ytterbium Bromide Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Ytterbium Bromide 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 Ytterbium Bromide 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 Ytterbium Bromide Market Size & Forecast, 2018-2028 4.5.1 Ytterbium Bromide Market Size and Y-o-Y Growth 4.5.2 Ytterbium Bromide Market Absolute $ Opportunity
Chapter 5 Global Ytterbium Bromide 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 Ytterbium Bromide Market Size Forecast by Type
5.2.1 Purity 99%
5.2.2 Purity 99.9%
5.2.3 Purity 99.99%
5.2.4 Purity 99.999%
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Ytterbium Bromide 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 Ytterbium Bromide Market Size Forecast by Applications
6.2.1 Chemical Industry
6.2.2 Laboratory
6.2.3 Industrial Application
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ytterbium Bromide 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 Ytterbium Bromide 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 Ytterbium Bromide Analysis and Forecast
9.1 Introduction
9.2 North America Ytterbium Bromide 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 Ytterbium Bromide Market Size Forecast by Type
9.6.1 Purity 99%
9.6.2 Purity 99.9%
9.6.3 Purity 99.99%
9.6.4 Purity 99.999%
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 Ytterbium Bromide Market Size Forecast by Applications
9.10.1 Chemical Industry
9.10.2 Laboratory
9.10.3 Industrial Application
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 Ytterbium Bromide Analysis and Forecast
10.1 Introduction
10.2 Europe Ytterbium Bromide 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 Ytterbium Bromide Market Size Forecast by Type
10.6.1 Purity 99%
10.6.2 Purity 99.9%
10.6.3 Purity 99.99%
10.6.4 Purity 99.999%
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 Ytterbium Bromide Market Size Forecast by Applications
10.10.1 Chemical Industry
10.10.2 Laboratory
10.10.3 Industrial Application
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 Ytterbium Bromide Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Ytterbium Bromide 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 Ytterbium Bromide Market Size Forecast by Type
11.6.1 Purity 99%
11.6.2 Purity 99.9%
11.6.3 Purity 99.99%
11.6.4 Purity 99.999%
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 Ytterbium Bromide Market Size Forecast by Applications
11.10.1 Chemical Industry
11.10.2 Laboratory
11.10.3 Industrial Application
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 Ytterbium Bromide Analysis and Forecast
12.1 Introduction
12.2 Latin America Ytterbium Bromide 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 Ytterbium Bromide Market Size Forecast by Type
12.6.1 Purity 99%
12.6.2 Purity 99.9%
12.6.3 Purity 99.99%
12.6.4 Purity 99.999%
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 Ytterbium Bromide Market Size Forecast by Applications
12.10.1 Chemical Industry
12.10.2 Laboratory
12.10.3 Industrial Application
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) Ytterbium Bromide Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Ytterbium Bromide 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) Ytterbium Bromide Market Size Forecast by Type
13.6.1 Purity 99%
13.6.2 Purity 99.9%
13.6.3 Purity 99.99%
13.6.4 Purity 99.999%
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) Ytterbium Bromide Market Size Forecast by Applications
13.10.1 Chemical Industry
13.10.2 Laboratory
13.10.3 Industrial Application
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 Ytterbium Bromide Market: Competitive Dashboard
14.2 Global Ytterbium Bromide Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 American Elements
14.3.2 Alfa Aesar
14.3.3 Ereztech
14.3.4 Chemdyes Corporation
14.3.5 ProChem
14.3.6 Abcr Gute Chemie
14.3.7 Biosynth Carbosynth