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Global Yttrium Market - Segmented by Product Type, Application, and Geography - Trends and Forecast (2018 - 2023)

Global Yttrium Market - Segmented by Product Type, Application, and Geography - Trends and Forecast (2018 - 2023)

The global yttrium market is expected to register a CAGR of 9.11% during the forecast period (2018 - 2023). Yttrium is a chemical element with symbol Y and has often been classified as a ‘rare-earth element’. The majority of the yttrium is extracted from the deposits of other rare-earth elements and metals during their mining and subsequent purification. A limited amount is also being extracted from scarcely found minerals gadolinite, xenotime, samarskite, euxenite, fergusonite, yttrotantalite, yttrotungstite, and yttrialite.

Increasing Popularity of LED Lighting

Yttrium, owing to its superior physical properties, such as excellent electrical conductivity, heat stabilizing and creep resistant properties, and light weight, is becoming an integral part of various applications in major commercial and industrial sectors. They are used in light bulb, panel and television sets. The red component of color television cathode ray tubes is typically emitted from an yttria or yttrium oxide sulfide. Beside this, they are also used in glass industry for polishing and as an additive for providing color and special optical properties. Producers all across the globe are engaging themselves in improving the technology and efficiency of LEDs. This is expected to drive the market for Yttrium during the forecast period.

Yttrium Oxide Products are expected to have the Highest Growth

It has been identified that the yttrium compound, especially yttrium oxide, has the largest market share by product type during 2017. One major reason for growth of the yttrium market is its extensive use in the electronics sectors and defense sector. In these sectors, the metal is used in phosphor compounds for flat panel displays and aluminum garnet composites for laser target designators, respectively.

China to Dominate the Market

China is the world's largest producer and consumer of yttrium products. In terms of consumption, China alone accounts for more than 40% share of the yttrium oxide market in Asia Pacific. Due to the presence of large number of reserves of the rare earth metal, the country is also a key producer of yttrium metal and yttrium oxide. As most of the reserves and mines of yttrium oxide are concentrated mainly in China, the product has limited international trade. However, the Chinese government is unable to clamp down illegal yttrium mining and expectation of imposing further restrictions on yttrium exports is forcing the the end-users to explore newer avenues to meet the impending supply shortages.

Major Players: Chengdu Haoxuan Technology Co. Ltd., China Rare Earth Co. Ltd., GBM Resources Ltd, Nippon Yttrium Co. and EMC Metals Corp., among others.

Reason to Purchase this Report

Analyze various perspectives of the market with the help of Porter’s five forces analysis

To understand the dominating product type used in the market

Countries expected to witness the fastest growth during the forecast period

Identify the latest developments, market shares, and strategies employed by the major market players

3-month analyst support, along with the Market Estimate sheet (in Excel)

Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.

1. Introduction
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
4. Market Dynamics
4.1 Drivers
4.1.1 Demand from Ceramic Manufacturers
4.1.2 Growing Market for Flat Panel Displays
4.1.3 Increasing Applications of Yttrium Garnets
4.2 Restraints
4.2.1 China’s Domination of Rare Earths (RE) Industrial Ecosystem
4.2.2 Dwindling Reserves and Prices
4.2.3 Substitution by Scandium in Specific Applications
4.3 Opportunities
4.3.1 Increasing Applications in Defense Sector
4.3.2 Recycling of Phosphors for Yttrium Retrieval
4.3.3 Applications of Yttrium Oxide Nano powders
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Product Type
5.1.1 Alloy
5.1.2 Metal
5.1.3 Compounds
5.2 By Application
5.2.1 Phosphors
5.2.2 Defense
5.2.3 Ceramics
5.2.4 Electronic devices (Superconductors)
5.2.5 High Temperature Refractories
5.2.6 Lasers
5.2.7 Metallurgical applications
5.2.8 solid oxide fuel cell (SOFC)
5.2.9 Others
6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1 Asia-Pacific
6.1.1 China
6.1.2 India
6.1.3 Japan
6.1.4 South Korea
6.1.5 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.2 Canada
6.2.3 Mexico
6.2.4 Rest of North America
6.3 Europe
6.3.1 Germany
6.3.2 United Kingdom
6.3.3 Italy
6.3.4 France
6.3.5 NORDIC Countries
6.3.6 Russia
6.3.7 Spain
6.3.8 Rest of Europe
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
9.1 Chengdu Haoxuan Technology Co. Ltd.
9.2 China Rare Earth Co. Ltd.
9.3 Double Park International Corporation
9.4 Ganzhou Hong De New Technology Development Ltd. Co.
9.5 Goring Rare Earth Corporation Limited
9.6 Inner Mongolia Nonferrous Mining Co. Ltd
9.7 Metall Rare Earth Limited
9.8 Shenzhen Chuanyan Technology Co. Ltd.
9.9 Sichuan Lanthanum Rare Materials Limited
9.10 Zhejiang Jinda Rare-earth Element Co. Ltd
9.11 Alkane Resources
9.12 GBM Resources Ltd
9.13 Nippon Yttrium Co.
9.14 The Nilaco Corporation
9.15 Crossland Strategic Metals Limited
*List not exhaustive
10. Disclaimer
**Subject to availability on public domain

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