Global Lutetium Market - Industry Trends, Opportunities and Forecasts to 2023
DESCRIPTION The global Lutetium market is projected to grow at a CAGR of XX% during the forecast period to reach US$XX.XX billion by 2022 from US$XX.XX billion in 2017. Lutetium is a rare earth element which belongs to the lanthanide series. It is a silvery-white metal which is densest and one of the hardest elements of lanthanide series. Lutetium
and
its
components
have
applications
as
a
catalyst
in
hydrogenation/polymerisation processes and for cracking hydrocarbons in oil refineries. Furthermore, its components are used in cancer therapies, determining the age of meteorites and is useful as a pure beta emitter when exposed to neutron activation. Lutetium is also used in magnetic bubble memory devices for computers when added as a dopant to gadolinium gallium garnet (GGG). Lutetium is the ideal host for x-ray phosphors when combined with tantalum. These factors will drive the demand for Lutetium during the forecast period. Lutetium is very expensive to obtain in huge quantities and therefore has very limited commercial applications. However, growing applications of Lutetium in the electronics industry due to its application in memory devices for computers and organic LEDs will boost the demand for Lutetium components worldwide. Moreover, with increasing investment in for the development of new cancer treatments with Lutetium is expected to further augment the demand for this element over the next five years. Research Methodology The first section of the report deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segmentations which have been covered as part of the report. Market Dynamics Next section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market Global Lutetium Market - Industry Trends, Opportunities and Forecasts to 2023
growth. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section. Segmentation The global Lutetium market is segmented as type, application, and geography. By Type o Oxide o Chloride o Metal o Fluoride o Others By Application o Electronic Equipment o Medical Procedures o Pure Beta Emitter o Catalyst in Oil Refineries o Others By Geography o North America o South America o Europe o Middle East and Africa o Asia Pacific Market Players Finally, competitive intelligence section deals with major players in the market, growth strategies, products, financials, and recent investment among others. Key industry players profiled as part of this section are Avalon Advanced Materials, Inc., Metall Rare
Global Lutetium Market - Industry Trends, Opportunities and Forecasts to 2023
Earth Limited, Canada Rare Earth Corporation, HEFA Rare Earth Canada Co., Ltd., and Baotou Iron and Steel (Group) Co., Ltd., among others. Key questions answered by the report What will be the global Lutetium market size from 2017 to 2022? How are the major drivers and restraints affecting the global Lutetium market and the opportunities which exist for key vendors? Which segment and region will drive or lead the market growth and why? A comprehensive analysis of competitive landscape and key market participants’ behaviour Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth
Global Lutetium Market - Industry Trends, Opportunities and Forecasts to 2023
TABLE OF CONTENTS 1. Introduction 1.1. Market Definition 1.2. Scope of the Study 1.3. Currency 1.4. Assumptions 1.5. Base, and Forecast Years Timeline 2. Research Methodology 2.1. Research Design 2.2. Secondary Sources 2.3. Validation 3. Key Findings of The Study 4. Market Dynamics 4.1. Drivers 4.2. Restraints 4.3. Opportunities and Market Trends 4.4. Market Segmentation 4.5. Porter’s Five Forces Analysis 4.5.1. Bargaining Power of Suppliers 4.5.2. Bargaining Power of Buyers 4.5.3. Threat of New Entrants 4.5.4. Threat of Substitutes 4.5.5. Competitive Rivalry in the Industry 4.6. Industry Value Chain Analysis 4.7. Industry Regulations 4.8. Scenario Analysis 5. Global Lutetium Market Forecast by Type (US$ billion) 5.1. Introduction 5.2. Oxide 5.3. Chloride 5.4. Metal 5.5. Fluoride Global Lutetium Market - Industry Trends, Opportunities and Forecasts to 2023
5.6. Others 6. Global Lutetium Market Forecast by Application (US$ billion) 6.1. Introduction 6.2. Electronic Equipment 6.3. Medical Procedures 6.4. Pure Beta Emitter 6.5. Catalyst in Oil Refineries 6.6. Others 7. Global Lutetium Market Forecast by Geography (US$ billion) 7.1. Introduction 7.2. North America 7.3. South America 7.4. Europe 7.5. Middle East and Africa 7.6. Asia Pacific 8. Competitive intelligence 8.1. Investment Analysis 8.2. Strategies of Key Players 8.3. Recent Investments and Deals 9. Company profiles 9.1. Avalon Advanced Materials, Inc. 9.2. Great Western Minerals Group 9.3. Canada Rare Earth Corporation 9.4. Goodfellow Corporation 9.5. Inorganic Ventures, Inc. 9.6. Metall Rare Earth Limited 9.7. HEFA Rare Earth Canada Co., Ltd. 9.8. Baotou Iron and Steel (Group) Co., Ltd. 9.9. Pascal Technologies 9.10. Super Conductor Materials, Inc.
Global Lutetium Market - Industry Trends, Opportunities and Forecasts to 2023
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Global Lutetium Market - Industry Trends, Opportunities and Forecasts to 2023