Market Overview:
The global yttrium market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for yttrium in various applications such as ceramics, electronic, metallurgical and SOFCs. Yttrium is also used in other applications such as medical devices and optics. North America dominates the global yttrium market followed by Europe and Asia Pacific.
Product Definition:
A rare earth metal, yttrium is a silver-white, soft metal that is stable in air and water. Yttrium is used to make phosphors, which are used in the manufacture of fluorescent light bulbs and some television screens.
Alloy:
Alloy is a mixture of metals that are mixed in different proportions and used for specific applications. The most common alloys are steel, aluminum, titanium, magnesium etc. There can be many different alloys with the same name but they have different compositions.
Steel-Aluminum-Bronze (SAB) - This alloy has properties such as high strength & ductility.
Metal:
Yttrium is a chemical element that occurs naturally as the oxide layer in yttrium aluminum silicate and also as a result of radioactive decay. The metal has the highest melting point of any stable element. It is normally found in combination with other metals, such as silver, platinum, gold and copper; mostly in minerals like baddeleyite and leonite.
Application Insights:
The market is segmented by application into ceramics, electronic, metallurgical, SOFCs and others. The ceramics segment accounted for the largest share in 2017 and is projected to witness a CAGR of XX% over the forecast period owing to its usage in various applications including tiles & roofing systems as well as cookware & bathroom fittings.
Yttrium has several properties that make it suitable for use in ceramic products such as high melting point (3200°C), corrosion resistance (up to 1300°C) and ductility-brittleness transition temperature (1400°C). These properties have made yttrium an essential metal in the production of ceramic components used across numerous end-use industries such as building & construction, automotive/transportation and consumer goods among others.
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 rising demand from end-use industries, such as electronics, metallurgy and ceramics. China is projected to remain a key consumer owing to its large steel production base.
The European yttrium market is anticipated to witness moderate growth during the forecast period on account of increasing demand from automotive industry coupled with stringent emission norms implemented by governments across countries like Germany, France and Italy among others are likely drive product consumption in Europe.
Growth Factors:
- Increasing demand from the electronics and automotive industries
- Growing application of yttrium in medical imaging and radiation therapy
- Rising use of yttrium in energy-efficient lighting systems
- Increasing penetration of yttrium into the Chinese market
- Growing research and development activities for new applications of yttrium
Scope Of The Report
Report Attributes
Report Details
Report Title
Yttrium Market Research Report
By Type
Alloy, Metal, Compounds
By Application
Ceramics, Electronic, Metallurgical, SOFCs, Others
By Companies
Chengdu Haoxuan Technology Co. Ltd., China Rare Earth Co. Ltd., Double Park International Corporation, Ganzhou Hong De New Technology Development Ltd. Co., Goring Rare Earth Corporation Limited, Inner Mongolia Nonferrous Mining Co. Ltd, Metall Rare Earth Limited, Shenzhen Chuanyan Technology Co. Ltd., Sichuan Lanthanum Rare Materials Limited, Zhejiang Jinda Rare-earth Element Co. Ltd, Alkane Resources, Chinalco Yunnan Copper Resources, Crossland Strategic Metals Limited, GBM Resources Ltd, Northern Minerals Ltd, Indian Rare Earths Limited, Star Earth Minerals Pvt. Ltd., Nippon Yttrium Co., The Nilaco Corporation, Tasman Metals, TCI Chemicals, EMC Metals Corp., Great Western Minerals Group Ltd., Blue Line Corp., Super Conductor Materials Inc.
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Yttrium Market Report Segments:
The global Yttrium market is segmented on the basis of:
Types
Alloy, Metal, Compounds
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
Ceramics, Electronic, Metallurgical, SOFCs, 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:
- Chengdu Haoxuan Technology Co. Ltd.
- China Rare Earth Co. Ltd.
- Double Park International Corporation
- Ganzhou Hong De New Technology Development Ltd. Co.
- Goring Rare Earth Corporation Limited
- Inner Mongolia Nonferrous Mining Co. Ltd
- Metall Rare Earth Limited
- Shenzhen Chuanyan Technology Co. Ltd.
- Sichuan Lanthanum Rare Materials Limited
- Zhejiang Jinda Rare-earth Element Co. Ltd
- Alkane Resources
- Chinalco Yunnan Copper Resources
- Crossland Strategic Metals Limited
- GBM Resources Ltd
- Northern Minerals Ltd
- Indian Rare Earths Limited
- Star Earth Minerals Pvt. Ltd.
- Nippon Yttrium Co.
- The Nilaco Corporation
- Tasman Metals
- TCI Chemicals
- EMC Metals Corp.
- Great Western Minerals Group Ltd.
- Blue Line Corp.
- Super Conductor Materials Inc.
Highlights of The Yttrium 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:
- Alloy
- Metal
- Compounds
- By Application:
- Ceramics
- Electronic
- Metallurgical
- SOFCs
- 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 Yttrium 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 is a rare earth metal that has many potential uses in technology. It is used in magnets, lasers, and other electronic devices.
Some of the key players operating in the yttrium market are Chengdu Haoxuan Technology Co. Ltd., China Rare Earth Co. Ltd., Double Park International Corporation, Ganzhou Hong De New Technology Development Ltd. Co., Goring Rare Earth Corporation Limited, Inner Mongolia Nonferrous Mining Co. Ltd, Metall Rare Earth Limited, Shenzhen Chuanyan Technology Co. Ltd., Sichuan Lanthanum Rare Materials Limited, Zhejiang Jinda Rare-earth Element Co. Ltd, Alkane Resources, Chinalco Yunnan Copper Resources, Crossland Strategic Metals Limited, GBM Resources Ltd, Northern Minerals Ltd, Indian Rare Earths Limited, Star Earth Minerals Pvt. Ltd., Nippon Yttrium Co., The Nilaco Corporation, Tasman Metals, TCI Chemicals, EMC Metals Corp., Great Western Minerals Group Ltd., Blue Line Corp., Super Conductor Materials Inc..
The yttrium market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Yttrium Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Yttrium Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Yttrium Market - Supply Chain
4.5. Global Yttrium Market Forecast
4.5.1. Yttrium Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Yttrium Market Size (000 Units) and Y-o-Y Growth
4.5.3. Yttrium Market Absolute $ Opportunity
5. Global Yttrium Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Yttrium Market Size and Volume Forecast by Type
5.3.1. Alloy
5.3.2. Metal
5.3.3. Compounds
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Yttrium Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Yttrium Market Size and Volume Forecast by Application
6.3.1. Ceramics
6.3.2. Electronic
6.3.3. Metallurgical
6.3.4. SOFCs
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Yttrium Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Yttrium Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Yttrium Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Yttrium Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Yttrium Demand Share Forecast, 2019-2029
9. North America Yttrium Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Yttrium Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Yttrium Market Size and Volume Forecast by Application
9.4.1. Ceramics
9.4.2. Electronic
9.4.3. Metallurgical
9.4.4. SOFCs
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Yttrium Market Size and Volume Forecast by Type
9.7.1. Alloy
9.7.2. Metal
9.7.3. Compounds
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Yttrium Demand Share Forecast, 2019-2029
10. Latin America Yttrium Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Yttrium Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Yttrium Market Size and Volume Forecast by Application
10.4.1. Ceramics
10.4.2. Electronic
10.4.3. Metallurgical
10.4.4. SOFCs
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Yttrium Market Size and Volume Forecast by Type
10.7.1. Alloy
10.7.2. Metal
10.7.3. Compounds
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Yttrium Demand Share Forecast, 2019-2029
11. Europe Yttrium Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Yttrium Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Yttrium Market Size and Volume Forecast by Application
11.4.1. Ceramics
11.4.2. Electronic
11.4.3. Metallurgical
11.4.4. SOFCs
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Yttrium Market Size and Volume Forecast by Type
11.7.1. Alloy
11.7.2. Metal
11.7.3. Compounds
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Yttrium Demand Share, 2019-2029
12. Asia Pacific Yttrium Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Yttrium Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Yttrium Market Size and Volume Forecast by Application
12.4.1. Ceramics
12.4.2. Electronic
12.4.3. Metallurgical
12.4.4. SOFCs
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Yttrium Market Size and Volume Forecast by Type
12.7.1. Alloy
12.7.2. Metal
12.7.3. Compounds
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Yttrium Demand Share, 2019-2029
13. Middle East & Africa Yttrium Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Yttrium Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Yttrium Market Size and Volume Forecast by Application
13.4.1. Ceramics
13.4.2. Electronic
13.4.3. Metallurgical
13.4.4. SOFCs
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Yttrium Market Size and Volume Forecast by Type
13.7.1. Alloy
13.7.2. Metal
13.7.3. Compounds
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Yttrium Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Yttrium Market: Market Share Analysis
14.2. Yttrium Distributors and Customers
14.3. Yttrium Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Chengdu Haoxuan Technology Co. Ltd.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. China Rare Earth Co. Ltd.
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Double Park International Corporation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Ganzhou Hong De New Technology Development Ltd. Co.
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Goring Rare Earth Corporation Limited
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Inner Mongolia Nonferrous Mining Co. Ltd
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Metall Rare Earth Limited
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Shenzhen Chuanyan Technology Co. Ltd.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Sichuan Lanthanum Rare Materials Limited
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Zhejiang Jinda Rare-earth Element Co. Ltd
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Alkane Resources
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Chinalco Yunnan Copper Resources
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Crossland Strategic Metals Limited
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. GBM Resources Ltd
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Northern Minerals Ltd
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Indian Rare Earths Limited
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Star Earth Minerals Pvt. Ltd.
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Nippon Yttrium Co.
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. The Nilaco Corporation
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Tasman Metals
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
