Europium Sodium Sulfate: Market Overview
Europium is primarily found in minerals such as monazite, xenotime, loparite, and bastnasite. Europium belongs to lanthanide series (lanthanide/actinide series) assuming oxidation state because it is readily oxidized in air and water [Level 2 (+2) or Level 3 (+3)] in combination with sodium sulphate. Sulphates are salts and esters of sulphuric acid, while Europium is the rarest metal to be found in independent state. Europium sodium sulfate is an organometallic compound. Sodium metallic ions are used in solar and fuel cells. Medical usage lies in reinforcing chemotherapy with charged water and homeopathic nanoparticle portions of Europium sodium sulfate and Iron phosphate works on cold and dormant conditions of body as it warms the blood and stimulates the blood. Europium sodium sulfate is used in highly sensitive military operations. Highly limited details and access are granted currently.
Europium Sodium Sulfate: Market Dynamics and Trends
Sulphate ions with sodium and phosphorous are being tried and tested in laboratories by ion exchange methods to derive new products required in defense and nuclear power sectors. Europium with sodium sulfate ions is used in nucleonic with control rods in nuclear reactor. Oxides of europium make the base material highly impervious to thermal neutrons. High-flux isotope reactor (HFIR) at Oak Ridge National Laboratory has even used europium (+2 and +3 ions) dispersed in aluminum combined with sodium sulfate ions in a control rod for the nuclear reactor.
Ongoing research is about fluorescence enhancement of europium-norfloxacin system using leutecium. A new kind of enhancement fluorescence system, Lu-Eu-norfloxacin-sodium lauryl sulfate, has been invented. Under optimum conditions, europium +3 (which is unstable in nature) traces were visible. They were in a stable state. Europium sodium sulfate is more of a research product for medical and defense sectors. It shows photo luminescence effect along with europium phosphate. Currently, based on chemical synthesis i.e. oxidation state, europium sodium sulfate is available in +2 ions state and +3 ions state. These ions are slightly reducing agents. Others are europium sodium phosphate ions, which were used extensively in CRTs of color televisions and oxides employed as decolorants.
Europium Sodium Sulfate: Market Segmentation
Based on the amorphous form, europium sodium sulfate is generally available in two forms: submicron powder and nano powder. Based on other specs / standard grades, it is available in Mil Specs (Military Specification), ACS (American Chemical Society) for laboratory research purposes, and reagent and technical grade, especially for food, agriculture, optical, and pharmaceuticals industries.
Europium Sodium Sulfate Market: Region-wise Outlook
Europium falls under REE (Rare Earth Elements), which are widely distributed across the globe. In terms of revenue and volume, China leads the global market for europium sodium sulfate, due to abundant reserves of europium. Use of europium sodium sulfate in food, agriculture, optical, and pharmaceuticals industries in China makes the country a leading consumer. Malaysia, Australia, and Russia follow China. The U.S. is also a major manufacturer of europium sodium sulfate.
Europium Sodium Sulfate Market: Key Players
A key player operating in the europium sodium sulfate market is GFS Chemicals, a company based in the U.S. and Canada. By far, GFS Chemicals is the market leader in terms of extraction, production, sales, and exports of europium sodium sulfate.
The ore of europium is monazite and companies involved in extraction of monazite are Field Metal and Chemical Industries Pty. Ltd., Sharikat Harper Gilfillan Berhad, Indian Rare Earths Ltd., and St. Gobain.
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
- 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.