Yttrium Market Overview, Growth, and Trends (2021-2031)

MARKET INTRODUCTION

Yttrium is a chemical element belonging to the group of rare earth elements. Yttrium, like the other rare earth elements, exhibit superior optical, electronic, and magnetic properties. Yttrium is extracted from rare earth element deposits while some small quantities of yttrium are also found during the mining of other elements. Yttrium is used in the manufacture of tubes of traditional television sets. Due to its excellent color ranges, yttrium is used in the production of light bulbs and panels. Yttrium captures tremendous attention from industrial and manufacturing sectors because of its physical attributes such as electric conductivity, creep resistant, heat stabilizing, and lightweight.

MARKET DYNAMICS

The growing market for flat panels displays and demand of yttrium from ceramic manufacturers drives the growth of the yttrium market. Incrementing applications of yttrium garnets is also a factor driving the growth of the market. However, Availability of sc and ium as a substitute in specific applications and shrink in reserves & prices hamper the fruitful growth of the yttrium market. There is a probability of using yttrium in high-temperature semiconductors that have the capability of replacing permanent magnets used in wind turbines. This shift will act as an opportunity to fostering the growth of yttrium market in the near future.

MARKET SCOPE

The "Global Yttrium Market Analysis to 2031" is a specialized and in-depth study of the chemical and material industry with a special focus on the global market trend analysis. The report aims to provide an overview of the yttrium market with detailed market segmentation by type, application, end use and geography. The global yttrium market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading yttrium market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global yttrium market is segmented on the basis of type, application, end use and geography. On the basis of type the market classify into alloy, metal and compounds. The market on the basis of application is broken into medical purposes, coatings ingredients, high temperature superconductors and others. As per end use, the market is bifurcated into metal alloys, catalysts, phosphors, ceramics and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The yttrium market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the yttrium market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the yttrium market in these regions.

MARKET PLAYERS

The reports cover key developments in the yttrium market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from yttrium market are anticipated to lucrative growth opportunities in the future with the rising demand for yttrium market in the global market. Below mentioned is the list of few companies engaged in the yttrium market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the yttrium market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•  Alkane Resources Ltd.
•  Chengdu Haoxuan Technology Co. Ltd.
•  Crossl and Strategic Metals Limited
•  Ganzhou Hong De New Technology Development Ltd. Co.
•  GBM Resources Ltd.
•  Goring Rare Earth Corporation Limited
•  Metall Rare Earth Limited
•  Nippon Yttrium Co. Ltd.
•  Sichuan Lanthanum Rare Materials Limited
•  Zhejiang Jinda Rare-earth Element Co. Ltd

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Yttrium Report Scope