Global Erbium Oxide Market 2016 Industry Analysis, Segment & Forecast up to 2020
The major driving factor of the global erbium oxide market is increasing demand from display panel industry owing to its optical and electrical property. Erbium oxide is a water insoluble oxide synthesized from the lanthanide metal erbium.
Erbium oxide is a water insoluble oxide synthesized from the lanthanide metal erbium. Erbium oxide has excellent electrical, optical and photoluminescence properties. Erbium is found principally in the minerals monazite and bastnaesite. It can be extracted by ion exchange and solvent extraction. Erbium oxide doped nanoparticle materials can be dispersed in plastic or glass for display purposes, such as display monitors. Erbium oxide has ability to change its magnetic properties according to temperature.
The major driving factor of the global Erbium Oxide Market is increasing demand from display panel industry owing to its optical and electrical property. Increasing adoption of mobiles is expected to boost demand in display panels, which in turn projected to propel the erbium market. Furthermore, advancement in the semiconductor industry due to increasing consumer and industrial electronics is expected to fuel the demand for erbium oxide further over the next few years. However, highly toxic nature of erbium may hinder the growth of the market.
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The report provides detailed segmentation of the erbium oxide market based on application and region. Erbium oxide finds in widespread application such as erbium oxide include electronics, bio-imaging, dermatology, semiconductors and others. Global erbium oxide market is expected to witness significant growth in the years to come. Electronics was leading segment of erbium oxide market in 2014. Erbium oxide widely used in display monitors such as LEDs and LCDs. Hence, this segment is expected to boost market growth during the forecast period.
The report provides a comprehensive view on the erbium oxide market we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the erbium oxide market has also been included. The study encompasses a market attractiveness analysis, wherein product segments are benchmarked based on their market size, growth rate and general attractiveness. The report also analyzes several driving and restraining factors and their impact on the market during the forecast period.
Regional segmentation includes the current and forecast demand of erbium oxide in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa with its further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India and Brazil. The erbium oxide market is dominated by Asia Pacific followed by North America in terms of production and consumption in 2014. Asia Pacific is expected to witness significant growth over the forecast period. This growth can be attributed to the increasing demand from different industries such as automotive, electronics and permanent magnet industries.
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The report covers detailed competitive scenario including the company overviews, financial revenues of the key participants to develop their positions in the global market. There are some major manufactures in the erbium oxide market such as Epsi Metals, Arafura Resources, Avalon Rare Metals Inc., Alkane Resources Ltd., China Rare Earth Holding Limited, Great Western Minierals Group Ltd. and Inner Mongolia Baotou Steel Rare Eartch Hi-Tech Co.
This report segments the global erbium oxide market as follows:
Erbium Oxide Market: Application Segment Analysis
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Erbium Oxide Market: Regional Segment Analysis
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