is a highly insoluble thermally stable oxide of transition metal erbium. This metal is a solid compound of erbium and is pink in colour and is considered as a member of rare earth metal group. Erbium oxide possesses excellent property which is its ability to convert energy, photoluminescence and optical properties, hence it has a wide range of application in various end-use industries such as glass, ceramics, electrical & electronics, medical, and others. Globally, increasing demand for smart phones, tablets, monitors and other display devices is expected to drive the demand for erbium oxides during the period of study.
This report identifies the Erbium Oxide market
size in for the year 2014-2016, and forecast of the same for year 2021. It also highlights the potential growth opportunities in the coming years, while also reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape, and other key aspects with respect to erbium oxide market.
Globally, Asia-Pacific dominates the market for Erbium Oxide in 2015 with China being global hub for the production and consumption of the rare earth metals along with the presence of large number of end-use industries which is expected to further grow strongly during the period of study. Asia-Pacific is expected to continue its domination during the period of study and was followed by Europe and North America as the second and third largest markets respectively in 2015. Strong industrial growth and shifting manufacturing base of major end-use industries makes Asia-Pacific, the fastest growing regional market during the period of study.