Key Takeaways

Asia-Pacific dominates the Europium market owing to increasing demand from applications such as glass polishing, ceramic among others.

With growing use of the europium metal, oxides, and compounds for the manufacture of phosphors used in consumer electronics, is likely to aid in the market growth of Europium.

Whereas growing public demand for electronics products will increase the market demand for Europium in the near future.

COVID 19 pandemic will create hurdles for the Europium market.

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Europium Market Segment Analysis - Geography

APAC dominated the Europium market with a share of more than xx%, followed by North America and Europe. China & India are the major markets in this region. The long-term strategies of many of Asia's newly industrialized countries includes: (1) increasing their self-sufficiency, thereby reducing reliance on foreign, mostly Japanese, materials, components, and equipment imports and (2) rapidly transferring labour-intensive operations into neighboring countries with lower labor costs, mostly to (but not limited to) China, which has over 1.2 billion people with average incomes under $400 per year. This movement has facilitated development of the regional economic trade and development zones known as economic polygons or triangles. At the same time, availability of advanced components and equipment on the open market allows China's (or other countries') firms to easily upgrade their production capabilities to sustain long-term competitiveness.

Europium Market Drivers

Increase in demand of Electronics products

Stringent Governments’ regulations

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Europium market. In 2019, the market of Europium has been consolidated by the top five players accounting for xx% of the share. Major players in the Europium Market are Avalon Rare Metals Inc., Great Western Minerals Group Ltd, Canada Rare Earth Corporation, Rare Element Resources, Baotou Steel Rare-Earth among others.

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