Global Gadolinium Market - Industry Trends, Opportunities and Forecasts to 2023
The global gadolinium market is projected to grow at a CAGR of XX% during the forecast period to reach US$XX.XX billion by 2023 from US$XX.XX billion in 2017. Gadolinium is a soft, bright, silvery-white metal that is both malleable and ductile. The metal is employed in various application segments including ceramic, medical equipment, optical glass, and phosphors among others.
A small amount of gadolinium in alloys of iron and chromium can improve resistance and oxidation. Moreover, this metal is used as green phosphors for colour television picture tubes and to make gadolinium yttrium garnets which find their application in microwaves. The ability to absorb neutrons makes it useful for its application in the core of a nuclear reactor. Gadolinium compounds are used by medical devices, particularly MRI, for diagnosing cancerous tumours. Gadolinium is also used for making data storage disks, magnets and electric components.
Growing demand for medical equipment will boost the demand for gadolinium as it is used as a contrast medium by doctors to improve the visibility of human internal body structures. Growing investment in nuclear energy as an alternative to meet the energy demand in the Asia Pacific region will augment the demand of gadolinium and its wide range of applications. However, stringent government regulations, higher cost of extraction, refining, fabricating and research and development will hinder the growing demand for Gadolinium. In addition to it, the risk of serious illness, such as Gadolinium Deposition Disease (GDD), Nephrogenic Systemic Fibrosis, (NSF) and Nephrogenic Fibrosing Dermopathy will impede the demand of Gadolinium during the forecast period.
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 growth. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.
Segmentation
The global Gadolinium market is segmented as type, application, and geography.
By Type
Oxide
Metal
Fluoride
Nitrate
Others
By Application
Phosphors
Ceramic
Medical Equipment
Optical Glass
Others
By Geography
Asia-Pacific
Europe
North America
South America
Africa and Middle East
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 Earth Limited, Canada Rare Earth Corporation, HEFA Rare Earth Canada Co., Ltd., and Baotou Iron and Steel (Group) Co., Ltd., among others.
A small amount of gadolinium in alloys of iron and chromium can improve resistance and oxidation. Moreover, this metal is used as green phosphors for colour television picture tubes and to make gadolinium yttrium garnets which find their application in microwaves. The ability to absorb neutrons makes it useful for its application in the core of a nuclear reactor. Gadolinium compounds are used by medical devices, particularly MRI, for diagnosing cancerous tumours. Gadolinium is also used for making data storage disks, magnets and electric components.
Growing demand for medical equipment will boost the demand for gadolinium as it is used as a contrast medium by doctors to improve the visibility of human internal body structures. Growing investment in nuclear energy as an alternative to meet the energy demand in the Asia Pacific region will augment the demand of gadolinium and its wide range of applications. However, stringent government regulations, higher cost of extraction, refining, fabricating and research and development will hinder the growing demand for Gadolinium. In addition to it, the risk of serious illness, such as Gadolinium Deposition Disease (GDD), Nephrogenic Systemic Fibrosis, (NSF) and Nephrogenic Fibrosing Dermopathy will impede the demand of Gadolinium during the forecast period.
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 growth. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.
Segmentation
The global Gadolinium market is segmented as type, application, and geography.
By Type
Oxide
Metal
Fluoride
Nitrate
Others
By Application
Phosphors
Ceramic
Medical Equipment
Optical Glass
Others
By Geography
Asia-Pacific
Europe
North America
South America
Africa and Middle East
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 Earth Limited, Canada Rare Earth Corporation, HEFA Rare Earth Canada Co., Ltd., and Baotou Iron and Steel (Group) Co., Ltd., among others.
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 GADOLINIUM MARKET FORECAST BY TYPE (US$ BILLION)
5.1. Introduction
5.2. Oxide
5.3. Metal
5.4. Fluoride
5.5. Nitrate
5.6. Others
6. GLOBAL GADOLINIUM MARKET FORECAST BY APPLICATION (US$ BILLION)
6.1. Introduction
6.2. Phosphors
6.3. Ceramic
6.4. Medical Equipment
6.5. Optical Glass
6.6. Others
7. GLOBAL GADOLINIUM MARKET FORECAST BY GEOGRAPHY (US$ BILLION)
7.1. Introduction
7.2. Asia-Pacific
7.3. Europe
7.4. North America
7.5. South America
7.6. Africa and Middle East
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.
9.1.1. Overview
9.1.2. Financials
9.1.3. Product and Services
9.1.4. Key Developments
9.2. Great Western Minerals Group
9.2.1. Overview
9.2.2. Financials
9.2.3. Products and Services
9.2.4. Key Developments
9.3. Canada Rare Earth Corporation
9.3.1. Overview
9.3.2. Financials
9.3.3. Products and Services
9.3.4. Key Developments
9.4. Goodfellow Corporation
9.4.1. Overview
9.4.2. Financials
9.4.3. Products and Services
9.4.4. Key Developments
9.5. Inorganic Ventures, Inc.
9.5.1. Overview
9.5.2. Financials
9.5.3. Products and Services
9.5.4. Key Developments
9.6. Metall Rare Earth Limited
9.6.1. Overview
9.6.2. Financials
9.6.3. Products and Services
9.6.4. Key Developments
9.7. HEFA Rare Earth Canada Co., Ltd.
9.7.1. Overview
9.7.2. Financials
9.7.3. Products and Services
9.7.4. Key Developments
9.8. Baotou Iron and Steel (Group) Co., Ltd.
9.8.1. Overview
9.8.2. Financials
9.8.3. Products and Services
9.8.4. Key Developments
9.9. Pascal Technologies
9.9.1. Overview
9.9.2. Financials
9.9.3. Products and Services
9.9.4. Key Developments
9.10. Super Conductor Materials, Inc.
9.10.1. Overview
9.10.2. Financials
9.10.3. Products and Services
9.10.4. Key Development
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 GADOLINIUM MARKET FORECAST BY TYPE (US$ BILLION)
5.1. Introduction
5.2. Oxide
5.3. Metal
5.4. Fluoride
5.5. Nitrate
5.6. Others
6. GLOBAL GADOLINIUM MARKET FORECAST BY APPLICATION (US$ BILLION)
6.1. Introduction
6.2. Phosphors
6.3. Ceramic
6.4. Medical Equipment
6.5. Optical Glass
6.6. Others
7. GLOBAL GADOLINIUM MARKET FORECAST BY GEOGRAPHY (US$ BILLION)
7.1. Introduction
7.2. Asia-Pacific
7.3. Europe
7.4. North America
7.5. South America
7.6. Africa and Middle East
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.
9.1.1. Overview
9.1.2. Financials
9.1.3. Product and Services
9.1.4. Key Developments
9.2. Great Western Minerals Group
9.2.1. Overview
9.2.2. Financials
9.2.3. Products and Services
9.2.4. Key Developments
9.3. Canada Rare Earth Corporation
9.3.1. Overview
9.3.2. Financials
9.3.3. Products and Services
9.3.4. Key Developments
9.4. Goodfellow Corporation
9.4.1. Overview
9.4.2. Financials
9.4.3. Products and Services
9.4.4. Key Developments
9.5. Inorganic Ventures, Inc.
9.5.1. Overview
9.5.2. Financials
9.5.3. Products and Services
9.5.4. Key Developments
9.6. Metall Rare Earth Limited
9.6.1. Overview
9.6.2. Financials
9.6.3. Products and Services
9.6.4. Key Developments
9.7. HEFA Rare Earth Canada Co., Ltd.
9.7.1. Overview
9.7.2. Financials
9.7.3. Products and Services
9.7.4. Key Developments
9.8. Baotou Iron and Steel (Group) Co., Ltd.
9.8.1. Overview
9.8.2. Financials
9.8.3. Products and Services
9.8.4. Key Developments
9.9. Pascal Technologies
9.9.1. Overview
9.9.2. Financials
9.9.3. Products and Services
9.9.4. Key Developments
9.10. Super Conductor Materials, Inc.
9.10.1. Overview
9.10.2. Financials
9.10.3. Products and Services
9.10.4. Key Development
