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Rubidium: Introduction

  • Rubidium is a soft, silvery-white metallic element of the alkali group. It is the second most electropositive and alkaline element. It ignites spontaneously in air and reacts violently in water, setting fire to the liberated hydrogen. It can be liquid at ambient temperature, but only on a hot day given that its melting point is about 40°C.
  • Rubidium is used as a coating on the electrodes of thermionic converters, which convert heat energy into electrical energy. It is also used in the manufacture of photocells and special glasses. Applications of rubidium and its compounds include biomedical research, electronics, specialty glass, and pyrotechnics.
  • Rubidium can be easily ionized; therefore, it has been considered for use in "ion engines" for space vehicles. However, cesium is somewhat more efficient for this purpose.

Key Drivers and Restraints of Rubidium Market

  • Rubidium is primarily used in the manufacture of specialty glasses. It is also employed in the production of superoxide, study of potassium ion channels in biology, and as vapor in atomic magnetometers. It is used in fiber optic telecommunication systems and night-vision devices. It is also utilized in making rubidium carbonate, which has several properties including electrical conductivity. Increase in demand for specialty glasses in various industries and applications, such as electronics industry, sealing applications, and battery sealing applications, is expected to drive the global rubidium market during the forecast period.
  • Rise in demand for rubidium in biomedical research and electronics applications is expected to create significant opportunities for the rubidium market in the near future. Rubidium’s photo emissive properties make it ideal for electrical-signal generators in motion-sensor devices, night vision devices, photoelectric cells (solar panels), and photomultiplier tubes. Rubidium-caesium-antimony coating is commonly applied to photocathodes of photomultiplier tubes, which are used in radiation detection devices and medical imaging equipment.

Rubidium: Grade Segment

  • In terms of grade, the global rubidium market can be divided into technical grade metal and high-purity grade
  • The technical grade metal segment is projected to hold major share of the market during the forecast period. This can be ascribed to the rise in demand for technical grade metal, which is used as a component of photocells, remove traces of oxygen from vacuum tubes, and make special types of glass. It is also used as a getter in vacuum tubes, a material that combines with and removes trace gases from tubes.
  • The high-purity grade segment is projected to follow the technical grade metal segment during the forecast period. Rubidium has several applications in the field of medicine. Rubidium chloride (RbCl) and several other rubidium salts are used as density-gradient media in the ultra-centrifugal separation of viruses and nucleic acids DNA and RNA, while radioactive rubidium is used as a tracer of blood flow. Rubidium salts are used as soporifics and sedatives. They are also used for the treatment of epilepsy. High demand for medical applications is driving the global rubidium market.

Rubidium: Application Segment

  • Based on application, the global rubidium market can be segmented into biomedical research, electronics, specialty glass, pyrotechnics, and others
  • The specialty glass segment is projected to gain higher share of the global market during the forecast period. Rubidium is used in fiber optic telecommunications systems as well as night-vision devices. The carbonate (Rb2CO3) is used as an additive in these types of glass, where it reduces electrical conductivity and improves stability and durability.
  • The biomedical research segment is also projected to hold key share of the global rubidium market in the near future. Rubidium salts are used in anti-shock agents and the treatment of epilepsy and thyroid disorder. Rubidium-82, a radioactive isotope, is used as a blood-flow tracer in positron emission tomographic imaging, while rubidium chloride is used as an antidepressant. Rubidium atoms are used in academic research, including the development of quantum-mechanics-based computing devices, a future application with potential for relatively high consumption of rubidium.

COVID-19 Impact on Rubidium Market

  • On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 214 countries and territories around the world.
  • Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic
  • Manufacture of various consumer goods and other products across the globe came to a halt due to the unavailability of raw materials, shortage of labor, and other reasons. This is expected to hamper the rubidium market.

North America to Hold Leading Share of Rubidium Market

  • In terms of region, the rubidium market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • North America is expected to hold major share of the global rubidium market, followed by North Europe and Asia Pacific, during the forecast period. This can be attributed due to its existing market position in the electronics and optics sectors. The U.S. was one of the first countries to produce and use rubidium. In terms of size, the U.S. electronics market is the largest in the world. Furthermore, the U.S. is expected to remain the leading market during the forecast period due to the use of advanced technology and increase in the number of R&D centers.
  • The rubidium market in Europe and Asia Pacific is projected to expand at a rapid pace in the near future.

Key Manufacturers Operating in Rubidium Market

The rubidium market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Prominent manufacturers operating in the rubidium market include:

  • American Elements
  • Ganfeng Lithium Co. Ltd.
  • International Lithium Corp.
  • Lepidico
  • Merck KGaA
  • Otto Chemie Pvt. Ltd.
  • Thermo Fisher Scientific Inc.
  • AccuBeat Ltd.
  • Excelitas Technologies Corp.

Rubidium: Research Scope

Rubidium Market, by Grade

  • Technical Grade Metal
  • High-purity Grade

Rubidium Market, by Application

  • Biomedical Research
  • Electronics
  • Specialty Glass
  • Pyrotechnics
  • Others

Global Rubidium Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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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Rubidium Market