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Erbium oxide is a water insoluble oxide of transition metal erbium. The metal is part of rare earth metal group. It is highly hygroscopic and can absorb carbon dioxide from the environment. Erbium is produced from xenotime and euxenite minerals. Erbium oxide posse’s excellent electrical, photoluminescence and optical properties, hence it has varied applications. The applications of erbium oxide include electronics, optics, bio-imaging, dermatology, dentistry and semiconductors. 

Growing demand for erbium oxide from the display panel industry is expected to drive the market. Due to erbium oxide’s optical and electrical properties, it is primarily used in display monitors such as LEDs and LCDs. Burgeoning consumer electronic industry globally is fueling the demand for display panel, which in turn expected to drive the erbium oxide market. Internet of things is an upcoming trend in the developed world of which display panels form the indispensable element. Furthermore, growth in smartphone and phablet adoption in developing countries is driving display panel industry. Additionally, growth in the semiconductor industry due to increasing consumer and industrial electronics is expected to fuel the erbium oxide market. Erbium oxide is used as the up-conversion material in capacitors and semiconductor transistors. Furthermore, growing permanent magnet industry is expected to drive the erbium oxide market. The compound can be paramagnetic, anti-ferromagnetic and ferromagnetic depending on the temperature. End-use industries such as automotive, medical, aerospace and defense are driving permanent magnet industry. Erbium oxide’s properties changes magnetic properties according to temperature expand its application area due to customization it offers. 

However, highly toxic nature of erbium is expected to hamper the market growth. Erbium oxide, when injected, inhaled or taken orally can have harmful effects on human health. The symptoms of erbium oxide toxicity could be ataxia, writhing, arched back, labored respiration and sedation. Erbium oxide is graded as irritant by Environmental Protection Agency (EPA) and can cause serious skin and eye irritation. Furthermore, high raw material cost is anticipated to hamper the erbium oxide market. Supply of the erbium is highly dependent on mining activities in regions where reserves are abundant. Any political or economic disruptions in these regions can cause supply issues and hence affect the market growth.

Development of new applications of erbium oxide nanoparticles are expected to provide immense opportunities for the players in the market. These nanoparticles can be used in display monitors and bio-imaging.  Additionally, recycling of erbium oxide from E-waste is expected to be an important opportunity in the next few years. 

Asia Pacific emerged as the largest market for erbium oxide in terms of production and consumption. China is the hub for major rare earth materials in terms of production due presence of large amount of reserves available. In terms of consumption, China holds large share of majority of the end-use industries such as automotive, electronics and permanent magnet industries. The U.S., India, Australia and Russia follow the China in terms of reserve capacity. North America followed the Asia Pacific in terms of the consumption of erbium oxide. The demand for erbium oxide from Europe is expected to decline due to human health related regulations and shift of electronics industry to China. 

Global erbium oxide market is moderately consolidated with major dominating the local market. Key players in erbium oxide market include Epsi Metals, Arafura Resources, Avalon Rare Metals Inc., Alkane Resources Ltd., China Rare Earth Holding Limited, Great Western Minierals Group Ltd., Indian Rare Earths Limited, Frontier Rare Earths Ltd., Molycorp and Inner Mongolia Baotou Steel Rare Eartch Hi-Tech Co. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Erbium Oxide Market