Rubidium Market - 70% of Growth to Originate from North America | Driven by Diversified Applications of Rubidium | 17000+ Technavio Reports
NEW YORK, April 7, 2022 /PRNewswire/ -- The "Rubidium Market by Application (Specialty glass, Electronics, Biomedical Research, and Others) and Geography (North America, Europe, APAC, South America, and MEA) - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. 70% of the market's growth will originate from North America during the forecast period. The US is the key market for rubidium in North America. Market growth in this region will be faster than the growth of the market in Europe and the MEA. The growing importance of rubidium in varied applications, such as electronics, healthcare, and specialty glass, among others will facilitate the rubidium market growth in North America over the forecast period.
The potential growth difference for the rubidium market between 2021 and 2026 is 669.29 units. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.
Key Market Dynamics:
- Market Driver - The key factors driving the global rubidium industry growth is the diversified applications of rubidium. Rubidium carbonate (Rb2CO3) is used as an additive to such types of specialty glass, where it reduces electrical conductivity and improves stability and durability. Moreover, a rubidium-cesium-antimony coating is commonly applied to the photo-cathodes of photo-multiplier tubes that are used in radiation detection devices, medical imaging equipment, and night vision devices. In addition, specialty glass, which constitutes the leading market for rubidium, is used in fiber-optic telecommunication systems and night vision devices. Thus, the growing use of rubidium is expected to further enhance the growth of the market during the forecast period.
- Market Challenges - The key challenge to the global rubidium industry growth is the high cost of rubidium. Its rarity in part is attributed to there being few applications that require or use rubidium as an important raw material. It has a solitary extra electron in its outer shell, which means that it will hungrily pair up with almost any other element and form an especially strong bond. The market price of 99.75% Rb2CO3, which is the most widely used rubidium chemical, is around USD 57 for 10 grams (i.e., USD 5,700 per kilogram). This is considered to be much higher when compared to the price of lithium or potassium carbonate. Such factors are expected to be a major challenge for the growth of the market during the forecast years.
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Segmentation Analysis
The rubidium market report is segmented by Application (Specialty glass, Electronics, Biomedical Research, and Others) and Geography (North America, Europe, APAC, South America, and MEA).
The rubidium market share growth in the specialty glass segment will be significant during the forecast period. Specialty glass is used in fiber-optic telecommunication systems and night vision devices. Rubidium carbonate (Rb2CO3) is used as an additive in such specialty glass to reduce electrical conductivity, which improves stability and durability in fiber-optic telecommunication networks. Such factors will support the segment growth in the coming years.
View our sample report for additional insights into the contribution of all the segments
Some Companies Mentioned
The rubidium market is concentrated and the vendors are deploying growth strategies such as an increase in R&D activities to compete in the market.
- American Elements
- Ganfeng Lithium Co. Ltd.
- Inorganic Ventures Inc.
- International Lithium Corp.
- LANHIT
- Lepidico
- Lithium Australia NL
- Merck KGaA
- Otto Chemie Pvt. Ltd.
- Thermo Fisher Scientific Inc.
- To gain access to more vendor profiles with their key offerings available with Technavio, Click Here
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Rubidium Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2021 |
Forecast period | 2022-2026 |
Growth momentum & CAGR | Accelerate at a CAGR of 4.07% |
Market growth 2022-2026 | 669.29 units |
Market structure | Concentrated |
YoY growth (%) | 3.87 |
Performing market contribution | North America at 70% |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | American Elements, Ganfeng Lithium Co. Ltd., Inorganic Ventures Inc., International Lithium Corp., LANHIT, Lepidico, Lithium Australia NL, Merck KGaA, Otto Chemie Pvt. Ltd., and Thermo Fisher Scientific Inc. |
Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period. |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
1. Executive Summary
1.1 Market overview
Exhibit 01: Key Finding 1
Exhibit 02: Key Finding 2
Exhibit 03: Key Finding 3
Exhibit 04: Key Finding 5
Exhibit 05: Key Finding 6
Exhibit 06: Key Finding 7
Exhibit 07: Key Finding 8
2. Market Landscape
2.1 Market ecosystem
Exhibit 08: Parent market
Exhibit 09: Market characteristics
Exhibit 10: Value chain analysis
2.2.1 Inputs
2.2.2 Inbound logistics
2.2.3 Operations
2.2.4 Outbound logistics
2.2.5 Marketing and sales
2.2.6 Support activities
2.2.7 Innovations
3. Market Sizing
3.1 Market definition
Exhibit 11: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 12: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
Exhibit 13: Global - Market size and forecast 2021 - 2026 (units)
Exhibit 14: Global market: Year-over-year growth 2021 - 2026 (%)
Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 15: Five forces analysis 2021 & 2026
4.2 Bargaining power of buyers
Exhibit 16: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 17: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 18: Threat of new entrants
4.5 Threat of substitutes
Exhibit 19: Threat of substitutes
4.6 Threat of rivalry
Exhibit 20: Threat of rivalry
4.7 Market condition
Exhibit 21: Market condition - Five forces 2021
5. Market Segmentation by Application
5.1 Market segments
Exhibit 22: Application - Market share 2021-2026 (%)
5.2 Comparison by Application
Exhibit 23: Comparison by Application
5.3 Specialty glass - Market size and forecast 2021-2026
Exhibit 24: Specialty glass - Market size and forecast 2021-2026 (units)
Exhibit 25: Specialty glass - Year-over-year growth 2021-2026 (%)
5.4 Electronics - Market size and forecast 2021-2026
Exhibit 26: Electronics - Market size and forecast 2021-2026 (units)
Exhibit 27: Electronics - Year-over-year growth 2021-2026 (%)
5.5 Biomedical research - Market size and forecast 2021-2026
Exhibit 28: Biomedical research - Market size and forecast 2021-2026 (units)
Exhibit 29: Biomedical research - Year-over-year growth 2021-2026 (%)
5.6 Others - Market size and forecast 2021-2026
Exhibit 30: Others - Market size and forecast 2021-2026 (units)
Exhibit 31: Others - Year-over-year growth 2021-2026 (%)
5.7 Market opportunity by Application
Exhibit 32: Market opportunity by Application
6. Customer landscape
Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
6.1 Overview
Exhibit 33: Customer landscape
7. Geographic Landscape
7.1 Geographic segmentation
Exhibit 34: Market share by geography 2021-2026 (%)
7.2 Geographic comparison
Exhibit 35: Geographic comparison
7.3 North America - Market size and forecast 2021-2026
Exhibit 36: North America - Market size and forecast 2021-2026 (units)
Exhibit 37: North America - Year-over-year growth 2021-2026 (%)
7.4 Europe - Market size and forecast 2021-2026
Exhibit 38: Europe - Market size and forecast 2021-2026 (units)
Exhibit 39: Europe - Year-over-year growth 2021-2026 (%)
7.5 APAC - Market size and forecast 2021-2026
Exhibit 40: APAC - Market size and forecast 2021-2026 (units)
Exhibit 41: APAC - Year-over-year growth 2021-2026 (%)
7.6 South America - Market size and forecast 2021-2026
Exhibit 42: South America - Market size and forecast 2021-2026 (units)
Exhibit 43: South America - Year-over-year growth 2021-2026 (%)
7.7 MEA - Market size and forecast 2021-2026
Exhibit 44: MEA - Market size and forecast 2021-2026 (units)
Exhibit 45: MEA - Year-over-year growth 2021-2026 (%)
7.8 Key leading countries
Exhibit 46: Key leading countries
7.9 Market opportunity by geography
Exhibit 47: Market opportunity by geography (units)
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Diversified applications of cesium
8.1.2 Growing use of rubidium in biomedical applications
8.1.3 Applications in specialty glass products
8.2 Market challenges
8.2.1 High cost of rubidium
8.2.2 Lower availability of rubidium
8.2.3 Availability of substitutes
Exhibit 48: Impact of drivers and challenges
8.3 Market trends
8.3.1 Strategic alliances
8.3.2 Use of rubidium to manufacture photovoltaic cells
8.3.3 Growing R&D activities in the electronics industry
9. Vendor Landscape
9.1 Competitive scenario
9.2 Overview
Exhibit 49: Vendor landscape
9.3 Landscape disruption
Exhibit 50: Landscape disruption
Exhibit 51: Industry risks
10. Vendor Analysis
10.1 Vendors covered
Exhibit 52: Vendors covered
10.2 Market positioning of vendors
Exhibit 53: Matrix on vendor position and classification
10.3 American Elements
Exhibit 54: American Elements - Overview
Exhibit 55: American Elements - Product and service
Exhibit 56: American Elements - Key offerings
10.4 Ganfeng Lithium Co. Ltd.
Exhibit 57: Ganfeng Lithium Co. Ltd. - Overview
Exhibit 58: Ganfeng Lithium Co. Ltd. - Business segments
Exhibit 59: Ganfeng Lithium Co. Ltd. - Key offerings
Exhibit 60: Ganfeng Lithium Co. Ltd. - Segment focus
10.5 Inorganic Ventures Inc.
Exhibit 61: Inorganic Ventures Inc. - Overview
Exhibit 62: Inorganic Ventures Inc. - Product and service
Exhibit 63: Inorganic Ventures Inc. - Key offerings
10.6 International Lithium Corp.
Exhibit 64: International Lithium Corp. - Overview
Exhibit 65: International Lithium Corp. - Product and service
Exhibit 66: International Lithium Corp. - Key offerings
10.7 LANHIT
Exhibit 67: LANHIT - Overview
Exhibit 68: LANHIT - Product and service
Exhibit 69: LANHIT - Key offerings
10.8 Lepidico
Exhibit 70: Lepidico - Overview
Exhibit 71: Lepidico - Business segments
Exhibit 72: Lepidico - Key offerings
Exhibit 73: Lepidico - Segment focus
10.9 Lithium Australia NL
Exhibit 74: Lithium Australia NL - Overview
Exhibit 75: Lithium Australia NL - Product and service
Exhibit 76: Lithium Australia NL - Key offerings
10.10 Merck KGaA
Exhibit 77: Merck KGaA - Overview
Exhibit 78: Merck KGaA - Business segments
Exhibit 79: Merck KGaA - Key offerings
Exhibit 80: Merck KGaA - Segment focus
10.11 Otto Chemie Pvt. Ltd.
Exhibit 81: Otto Chemie Pvt. Ltd. - Overview
Exhibit 82: Otto Chemie Pvt. Ltd. - Product and service
Exhibit 83: Otto Chemie Pvt. Ltd. - Key offerings
10.12 Thermo Fisher Scientific Inc.
Exhibit 84: Thermo Fisher Scientific Inc. - Overview
Exhibit 85: Thermo Fisher Scientific Inc. - Business segments
Exhibit 86: Thermo Fisher Scientific Inc. - Key offerings
Exhibit 87: Thermo Fisher Scientific Inc. - Segment focus
11. Appendix
11.1 Scope of the report
11.1.1 Definition
11.1.2 Objectives
11.1.3 Notes and caveats
11.2 Currency conversion rates for US$
Exhibit 88: Currency conversion rates for US$
11.3 Research methodology
Exhibit 89: Research Methodology
Exhibit 90: Validation techniques employed for market sizing
Exhibit 91: Information sources
11.4 List of abbreviations
Exhibit 92: List of abbreviations
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