Market Overview:
The global yttrium nitrate 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 yttrium nitrate from various applications such as fluorescent material, refractory material, superconducting material and others. Additionally, the growing demand for yttrium nitrate from developing countries is also contributing to the growth of this market. However, fluctuations in prices of raw materials may hamper the growth of this market during the forecast period.
Product Definition:
Yttrium nitrate is an inorganic compound with the formula Y(NO3)3. It is a white solid that is soluble in water. It is used to make other yttrium compounds, as a dopant for some optical glasses, and as a catalyst.
Four Hydration:
The four hydration process is a natural way to increase the water content in the soil. It helps improve moisture retention and increases plant's ability to absorb nutrients, especially phosphorus and nitrogen. The method also enhances aeration of the soil as it reduces compaction by incorporating more organic matter which improves drainage and fertility.
Growing demand for food crops coupled with increasing population has led to an increased need for food production worldwide.
Six Hydration:
The six hydration process is a natural way to extract metals from their ores. It has been used for thousands of years and is one of the oldest methods used in extracting metals such as gold, silver, lead, copper and zinc. The method involves treating the ore with water at high temperatures which dissolves the metal out of its compound and into solution form. After that it can be easily separated by gravity or filtration methods depending on what grade of product we are looking for.
Application Insights:
Fluorescent material was the largest application segment in 2017 and is projected to witness a CAGR of XX% over the forecast period. The fluorescent materials based on yttrium nitrate are used for manufacturing fiber-optic cables, which are then incorporated in communication networks across various end-use industries such as healthcare, transportation and retailing.
The growing adoption of LED light sources that produce light with high efficiency has resulted in an increased demand for fluorescent lamps across several applications including streetlights, signs and displays, advertising spaces and store fronts among others. This trend is expected to drive industry growth over the coming years since these products have been proven effective than their incandescent counterparts at producing more lumens per wattage while still providing better color rendering capabilities.
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, lighting, automotive and construction. In addition, increasing investments by domestic players in this region are anticipated to drive industry expansion.
North America yttrium nitrate market is driven by growing demand from end-use industries such as medical devices and LEDs coupled with government initiatives favoring innovation through research & development activities related to yttria-stabilized zirconia (YSZ) ceramics used in high temperature applications. Moreover, presence of major manufacturers along with favorable regulations aimed at promoting new manufacturing units will augment growth during the forecast period.
Europe was valued at USD X million in 2017 owing to high consumption levels observed among ceramic processing units mainly located Germany.
Growth Factors:
- Increasing demand from the electronics and semiconductor industry for yttrium nitrate as a doping agent in LEDs and lasers.
- Rising demand for yttrium nitrate in the glass industry as a flux additive to improve the quality of glass products.
- Growing use of yttrium nitrate in medical imaging applications such as X-ray, CT scans, and MRI scans.
- Increasing demand for yttrium nitrate from the metallurgical industry for use as an alloying agent in steel production.
Scope Of The Report
Report Attributes
Report Details
Report Title
Yttrium Nitrate Market Research Report
By Type
Four Hydration, Six Hydration, Other
By Application
Fluorescent Material, Refractory Material, Superconducting Material, Other
By Companies
Alfa Aesar, Tokyo Chemical Industry, Advanced Technology & Industrial, Xiangding Chemical International, Sigma Aldrich, VWR International LLC, Huizhou GL Technology, Shanghai Longjin Metallic Material, HongKong Yihel, Well Bond
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 Yttrium Nitrate Market Report Segments:
The global Yttrium Nitrate market is segmented on the basis of:
Types
Four Hydration, Six Hydration, Other
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
Fluorescent Material, Refractory Material, Superconducting Material, 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:
- Alfa Aesar
- Tokyo Chemical Industry
- Advanced Technology & Industrial
- Xiangding Chemical International
- Sigma Aldrich
- VWR International LLC
- Huizhou GL Technology
- Shanghai Longjin Metallic Material
- HongKong Yihel
- Well Bond
Highlights of The Yttrium Nitrate 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:
- Four Hydration
- Six Hydration
- Other
- By Application:
- Fluorescent Material
- Refractory Material
- Superconducting Material
- 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 Yttrium Nitrate 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 nitrate is a chemical compound with the formula YN3. It is a dark-colored solid that is used in fireworks and as an oxidizer in rocket engines.
Some of the major players in the yttrium nitrate market are Alfa Aesar, Tokyo Chemical Industry, Advanced Technology & Industrial, Xiangding Chemical International, Sigma Aldrich, VWR International LLC, Huizhou GL Technology, Shanghai Longjin Metallic Material, HongKong Yihel, Well Bond.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Yttrium Nitrate 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 Nitrate Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Yttrium Nitrate Market - Supply Chain
4.5. Global Yttrium Nitrate Market Forecast
4.5.1. Yttrium Nitrate Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Yttrium Nitrate Market Size (000 Units) and Y-o-Y Growth
4.5.3. Yttrium Nitrate Market Absolute $ Opportunity
5. Global Yttrium Nitrate 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 Nitrate Market Size and Volume Forecast by Type
5.3.1. Four Hydration
5.3.2. Six Hydration
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Yttrium Nitrate 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 Nitrate Market Size and Volume Forecast by Application
6.3.1. Fluorescent Material
6.3.2. Refractory Material
6.3.3. Superconducting Material
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Yttrium Nitrate 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 Nitrate 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 Nitrate 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 Nitrate 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 Nitrate Demand Share Forecast, 2019-2026
9. North America Yttrium Nitrate 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 Nitrate 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 Nitrate Market Size and Volume Forecast by Application
9.4.1. Fluorescent Material
9.4.2. Refractory Material
9.4.3. Superconducting Material
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Yttrium Nitrate Market Size and Volume Forecast by Type
9.7.1. Four Hydration
9.7.2. Six Hydration
9.7.3. Other
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 Nitrate Demand Share Forecast, 2019-2026
10. Latin America Yttrium Nitrate 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 Nitrate 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 Nitrate Market Size and Volume Forecast by Application
10.4.1. Fluorescent Material
10.4.2. Refractory Material
10.4.3. Superconducting Material
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Yttrium Nitrate Market Size and Volume Forecast by Type
10.7.1. Four Hydration
10.7.2. Six Hydration
10.7.3. Other
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 Nitrate Demand Share Forecast, 2019-2026
11. Europe Yttrium Nitrate 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 Nitrate 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 Nitrate Market Size and Volume Forecast by Application
11.4.1. Fluorescent Material
11.4.2. Refractory Material
11.4.3. Superconducting Material
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Yttrium Nitrate Market Size and Volume Forecast by Type
11.7.1. Four Hydration
11.7.2. Six Hydration
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractivenes/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 Nitrate Demand Share, 2019-2026
12. Asia Pacific Yttrium Nitrate 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 Nitrate 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 Nitrate Market Size and Volume Forecast by Application
12.4.1. Fluorescent Material
12.4.2. Refractory Material
12.4.3. Superconducting Material
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Yttrium Nitrate Market Size and Volume Forecast by Type
12.7.1. Four Hydration
12.7.2. Six Hydration
12.7.3. Other
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 Nitrate Demand Share, 2019-2026
13. Middle East & Africa Yttrium Nitrate 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 Nitrate 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 Nitrate Market Size and Volume Forecast by Application
13.4.1. Fluorescent Material
13.4.2. Refractory Material
13.4.3. Superconducting Material
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Yttrium Nitrate Market Size and Volume Forecast by Type
13.7.1. Four Hydration
13.7.2. Six Hydration
13.7.3. Other
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 Nitrate Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Yttrium Nitrate Market: Market Share Analysis
14.2. Yttrium Nitrate Distributors and Customers
14.3. Yttrium Nitrate Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Alfa Aesar
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Tokyo Chemical Industry
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Advanced Technology & Industrial
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Xiangding Chemical International
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sigma Aldrich
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. VWR International LLC
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Huizhou GL Technology
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Shanghai Longjin Metallic Material
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. HongKong Yihel
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Well Bond
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
