The global holmium market was valued at US$ 5.346 million in 2018 and is anticipated to grow at an impressive rate during the period 2018-2024. Holmium is a rare earth metal that has a metallic sheen and is fairly soft and malleable. Since it rapidly oxides in moist air, it is most commonly found in oxide form. The demand for holmium is stemming from its remarkable magnetic properties that are increasingly being utilized in a few applications like magnets, nuclear reactor rods, and solid-state lasers for non-invasive medical procedures. These are the factors that are driving the demand for holmium. Holmium components are used in solid-state lasers that have microwave applications and are useful in a variety of medical and dental settings. Furthermore, these components are used as a calibration standard for optical spectrophotometers, which are available commercially. The growing investment in nuclear energy as an alternative to meet the energy demand, especially in the Asia Pacific region, will boost the demand for holmium. Moreover, the application of holmium components in lasers are useful in many surgery specialties, including urology, neurosurgery, and angioplasty, and at various other medical setting is expected to boost the demand for holmium during the forecast period.
The Global Holmium 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
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
The global holmium market has been segmented based on form, application, and geography. Based on form, the market has been segmented into oxide, halogen, metal, and others. By application, the market has been segmented into magnets, nuclear reactors, solid-state lasers, and glasses 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 the 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 that each of these countries presents for the manufacturers.
Major players in the global holmium 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 holmium market.
Segmentation: