Market Overview:
The global yttrium vanadate crystal market is expected to grow at a CAGR of xx% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for yttrium vanadate crystals from the electronics, semiconductor, and signal communication industries. Yttrium vanadate crystals are used in these industries as they have excellent optical and electrical properties. Additionally, the growing demand for smartphones and other electronic devices is also contributing to the growth of this market. However, fluctuations in prices of raw materials used in manufacturing yttrium vanadate crystals may restrain the growth of this market during the forecast period.
Product Definition:
A yttrium vanadate crystal is a mineral that is used as a gemstone. It has a strong orange or red color and can be cut into cabochons or faceted stones. The mineral is also used to make jewelry and other decorative items.
Synthesis:
Synthesis is the process of producing a chemical substance or compound by combining two or more substances. In this process, one or more starting materials are combined under conditions that promote formation of a single product.
In crystal growing, synthesis is used to produce yttrium vanadate crystals (YVO4). Yttrium vanadate has many industrial uses such as it can be used in laser material and also has applications in medical sector for treatment of cancer cells.
Natural:
Natural is a term used to define products that are obtained from the earth and have no synthetic or artificial additives. The most common natural product is sand; however, many other materials can be classified as natural such as table salt, sugar, sulfuric acid & phosphoric acid. Natural crystals are rare & difficult to find in comparison with their synthetic counterparts due to less production and high price of extraction process.
Application Insights:
The electronics segment accounted for the largest market share in 2017 and is anticipated to continue its dominance over the forecast period. The product is widely used as a signal amplifier in mobile phones, which boosts their performance. It also finds application as an electronic component that amplifies or switches electrical signals and operates on DC voltage.
Yttrium vanadate is used extensively in various semiconductor applications such as power devices, light-emitting diodes (LEDs), digital storage devices (SSDs), and laser recorders owing to its properties such as high thermal stability, high operating temperature range, low power consumption along with excellent heat dissipation ability. These factors are projected to fuel the demand from various end-use industries including consumer electronics over the coming years.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and accounted for a revenue share of over 45%. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing demand from end-use industries, such as electronics, semiconductors, and signal communication. In addition, rising investments by domestic players in emerging markets are anticipated to drive industry growth. For instance, NantKwest Inc., a U.S.-based yttrium vanadate manufacturer entered into an agreement with China Yandex Trade (Group) Co., Ltd., a Shanghai-based company for distribution of yttrium vanadate products in China through its online shopping website Alibaba Group Holding Limited.
Europe is projected to grow at an exponential rate during the forecast period owing to high technological advancements coupled with extensive research activities on advanced materials used across various applications within electronics & telecommunication sector especially in Germany.
Growth Factors:
- Increasing demand from the optoelectronics industry for Yttrium Vanadate Crystal as a laser material.
- Growing popularity of Yttrium Vanadate Crystal in the field of nonlinear optics and optical parametric amplification.
- Rising demand for Yttrium Vanadate Crystals from the medical industry for use in lasers and surgical applications.
- Increasing research and development activities in the field of photonics that is expected to boost the demand for Yttrium Vanadate Crystals over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Yttrium Vanadate Crystal Market Research Report
By Type
Synthesis, Natural
By Application
Electronics, Semiconductor, Signal Communication
By Companies
DowDuPont, CREE, TankeBlue, Denso, Norstel
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Yttrium Vanadate Crystal Market Report Segments:
The global Yttrium Vanadate Crystal market is segmented on the basis of:
Types
Synthesis, Natural
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
Electronics, Semiconductor, Signal Communication
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:
- DowDuPont
- CREE
- TankeBlue
- Denso
- Norstel
Highlights of The Yttrium Vanadate Crystal 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:
- Synthesis
- Natural
- By Application:
- Electronics
- Semiconductor
- Signal Communication
- 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 Yttrium Vanadate Crystal 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?
Yttrium vanadate crystal is a type of mineral that is found in the earth's crust. It is a white, crystalline material that has a Mohs hardness of 6.5 to 7.
Some of the major players in the yttrium vanadate crystal market are DowDuPont, CREE, TankeBlue, Denso, Norstel.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Yttrium Vanadate Crystal 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 Yttrium Vanadate Crystal Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Yttrium Vanadate Crystal 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 Yttrium Vanadate Crystal 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 Yttrium Vanadate Crystal Market Size & Forecast, 2018-2028
4.5.1 Yttrium Vanadate Crystal Market Size and Y-o-Y Growth
4.5.2 Yttrium Vanadate Crystal Market Absolute $ Opportunity
Chapter 5 Global Yttrium Vanadate Crystal 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 Yttrium Vanadate Crystal Market Size Forecast by Type
5.2.1 Synthesis
5.2.2 Natural
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Yttrium Vanadate Crystal 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 Yttrium Vanadate Crystal Market Size Forecast by Applications
6.2.1 Electronics
6.2.2 Semiconductor
6.2.3 Signal Communication
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Yttrium Vanadate Crystal 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 Yttrium Vanadate Crystal 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 Yttrium Vanadate Crystal Analysis and Forecast
9.1 Introduction
9.2 North America Yttrium Vanadate Crystal 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 Yttrium Vanadate Crystal Market Size Forecast by Type
9.6.1 Synthesis
9.6.2 Natural
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 Yttrium Vanadate Crystal Market Size Forecast by Applications
9.10.1 Electronics
9.10.2 Semiconductor
9.10.3 Signal Communication
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 Yttrium Vanadate Crystal Analysis and Forecast
10.1 Introduction
10.2 Europe Yttrium Vanadate Crystal 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 Yttrium Vanadate Crystal Market Size Forecast by Type
10.6.1 Synthesis
10.6.2 Natural
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 Yttrium Vanadate Crystal Market Size Forecast by Applications
10.10.1 Electronics
10.10.2 Semiconductor
10.10.3 Signal Communication
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 Yttrium Vanadate Crystal Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Yttrium Vanadate Crystal 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 Yttrium Vanadate Crystal Market Size Forecast by Type
11.6.1 Synthesis
11.6.2 Natural
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 Yttrium Vanadate Crystal Market Size Forecast by Applications
11.10.1 Electronics
11.10.2 Semiconductor
11.10.3 Signal Communication
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 Yttrium Vanadate Crystal Analysis and Forecast
12.1 Introduction
12.2 Latin America Yttrium Vanadate Crystal 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 Yttrium Vanadate Crystal Market Size Forecast by Type
12.6.1 Synthesis
12.6.2 Natural
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 Yttrium Vanadate Crystal Market Size Forecast by Applications
12.10.1 Electronics
12.10.2 Semiconductor
12.10.3 Signal Communication
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) Yttrium Vanadate Crystal Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Yttrium Vanadate Crystal 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) Yttrium Vanadate Crystal Market Size Forecast by Type
13.6.1 Synthesis
13.6.2 Natural
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) Yttrium Vanadate Crystal Market Size Forecast by Applications
13.10.1 Electronics
13.10.2 Semiconductor
13.10.3 Signal Communication
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 Yttrium Vanadate Crystal Market: Competitive Dashboard
14.2 Global Yttrium Vanadate Crystal Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DowDuPont
14.3.2 CREE
14.3.3 TankeBlue
14.3.4 Denso
14.3.5 Norstel
