Global Yttrium Market 2021 is expected to register a CAGR of 9.11%, during forecast period with Impact of Covid 19 Analysis

Yttrium

Global “Yttrium Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Yttrium in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Yttrium Market report categorizes the market based on manufacturers, regions, type, and application. Yttrium Market reports offer a detailed assessment of the Yttrium including enabling technologies, current market situation, market assumptions, restraining factors.

The Global Yttrium market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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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.

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The global Yttrium market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Yttrium Market Report covers the Top Key-players in 2021:-

  • 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
  • GBM Resources Ltd
  • Nippon Yttrium Co.
  • The Nilaco Corporation
  • Crossland Strategic Metals Limited

Highlighted points of Yttrium Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

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This Yttrium Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for Yttrium? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Yttrium Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Yttrium Market? What Was Capacity, Production Value, Cost and PROFIT of Yttrium Market?
  • What Is Current Market Status of Yttrium Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Yttrium Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Yttrium Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is Yttrium Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Yttrium Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Yttrium Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Yttrium Industry?

Key Developments in the Yttrium Market:

  • Major developments in 2017 covered in the report
  • And the latest major developments in 2018 covered in the report

    Reason to Purchase this ReportAnalyze various perspectives of the market with the help of Porter’s five forces analysisTo understand the dominating product type used in the marketCountries expected to witness the fastest growth during the forecast periodIdentify the latest developments, market shares, and strategies employed by the major market players3-month analyst support, along with the Market Estimate sheet (in Excel)

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    Finally, the report Global Yttrium Market 2021 describes the Yttrium industry expansion game plan, the Yttrium industry knowledge supply, appendix, analysis findings, and the conclusion.

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