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 a rare earth element that 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 superalloys 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 a restraint 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
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
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 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 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: