Thulium Market - Forecasts from 2019 to 2024

The global thulium market was valued at US$96.726 million in 2018 and is anticipated to grow at an impressive rate during the period 2018-2024. Thulium is considered as a rare earth element which belongs to the lanthanide series. It is silvery-grey in color, malleable, ductile and soft enough to be cut with a knife. Due to its rarity, the metal found limited applications. Currently, it is used as a watermark on banknotes for the purpose of anti-counterfeiting. Bombarding thulium in a nuclear reactor produces an isotope that is used as a portable source of x-rays. This element could be used in ceramic magnetic materials and to dope yttrium aluminum garnet lasers. Moreover, the components of this element have applications in lasers, ceramics, phosphors, halide lamps, and super alloy among others. The commercial application of thulium is limited due to its rarity and relatively high prices compared to other elements. Also, toxicity related to thulium salts, if taken in large quantities, further puts restrain on its usage. The above-mentioned factors are expected to restrain the demand for Thulium during the forecast period.

The Global Thulium Market - Forecasts from 2019 to 2024 is an exhaustive study that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by form, application, and geography.

The global thulium market has been segmented based on form, application,and geography. Based on form, the market has been segmented into oxide, metal, and others. By application, the market has been segmented into nuclear reactors, Lasers, and ceramics.

Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into Americas, Europe Middle East and Africa (EMEA), and the Asia Pacific regions. The report also analyzes 9 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.

Major players in the global thulium market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the global Thulium market.

Segmentation:

By Form

• Oxide
• Metal
• Others

By Application

• Nuclear Reactor
• Lasers
• Ceramic

By Geography

• Americas
• USA
• Canada
• Brazil
• Others
• Europe Middle East and Africa
• United Kingdom
• Germany
• South Africa
• Others
• Asia Pacific
• China
• India
• Australia
• Others