Erbium Oxide Market Size and Growth Rate:
Erbium Oxide Market was valued at USD
xx million in 2017 and projected to reach USD xx million by 2025 growing at a CAGR
of xx% during the forecast period 2017 to 2025.
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Erbium Oxide Market @ https://www.researchcosmos.com/reports/global-erbium-oxide-market-research-report-2018/1775528
Erbium Oxide Market Growth Drivers and Restraints:
However, the highly toxic nature of
erbium is expected to hinder the market growth. Erbium oxide, when added, inhaled
or taken orally can have harmful effects on human health. The signs of this
toxicity could be ataxia, writhing, arched back, labored breath, and sedation.
Erbium oxide is graded as an irritant by the Environmental Protection Agency
(EPA) and can cause severe skin and eye irritation. Moreover, high raw material
cost is anticipated to hinder the world market. Supply of the erbium is
extremely dependent on mining activities in regions where reserves are
abundant. Any political or business disruptions in these regions can cause
supply problems, and hence affect market growth.
Improvement of new applications of
erbium oxide nanoparticles are anticipated to provide immense opportunities for
the players in the market. These nanoparticles can be used in display directors
and bio-imaging. Additionally, recycling
of erbium oxide from E-waste is anticipated to be an important opportunity in
the next few years.
Geographical Analysis of Erbium Oxide Market:
North America trailed Asia Pacific in
terms of the consumption of erbium oxide. The market in Europe is anticipated
to decline due to human health-related regulations and shift of the electronics
industry to China.
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Key Players of Erbium Oxide Market:
Important players in global erbium
oxide market are Epsi Metals, Arafura Resources, China Rare Earth Holding
Limited, Avalon Rare Metals Inc., Alkane Resources Ltd., Great Western Minerals
Group Ltd., Frontier Rare Earths Ltd., Molycorp Indian Rare Earths Limited, and
Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co.
Erbium Oxide Market Segmentation:
By Product:
·
Purity 98%
·
Purity 99%
By Application:
·
Chemical Industry
·
Electronics Industry
By Region:
·
North America
·
South America
·
Europe
·
Asia Pacific
·
Middle East and Africa
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