Europium Market Report 2025 (Global Edition)

Global Europium Market Report 2024 Market Size Split by Compounds (Chlorides, Fluorides), by Application (Permanent Magnets, Catalysts, Glass Polishing, Phosphors, Ceramics, Metal Alloys, Glass Additi...

Europium Market Report Description

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Europium Market Insights Video

Competitive Landscape of the Europium Market

The Europium Market features a competitive landscape characterized by a few key players dominating the global supply chain. Companies such as Lynas Rare Earths Ltd., China Northern Rare Earth Group High-Tech Co., and Iluka Resources Ltd. are prominent participants in the market, leveraging their extensive mining operations and technological capabilities in rare earth element extraction.

May 2024: Huang Changgeng, Chairman of Xiamen Tungsten Co., Ltd. (XTC), headquartered in Fujian, revealed details of the company's joint venture with France-based Orano SA. The companies are anticipated to drive cooperation in green technologies between the two nations. (Source: https://www.prnewswire.com/news-releases/interview-with-xtc-chairman-huang-) April 2024: MMG Limited, a subsidiary company of Minmetals Corporation headquartered in Beijing, finalized the acquisition of Khoemacau Copper Mine in Botswana. (Source: https://english.news.cn/20240428/6c42c8be5ed14821be9a3e74adb196ec/c.html)

Top Companies Market Share in Europium Industry: (In no particular order of Rank)

• Rare Element Resources
• Canada Rare Earth
• Molycorp
• Indian Rare Earth
• Lynas
• Xiamen Tungsten
• Arafura Resources
• Minmetals
• Baotou Steel Rare-Earth
• Avalon Rare Metals
• Great Western Minerals
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Europium Market

Which Region Dominates the Europium Market in 2024?

According to Cognitive Market Research, such as in phosphors for lighting and display technologies. Secondly, North America's advanced research and development infrastructure support innovations in Europium-based products, driving market growth. Additionally, strategic investments in manufacturing and technological advancements further bolster the region's position.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific emerges as the fastest-growing region in the Europium market primarily due to its expanding industrial and technological sectors. The region's rapid economic development fuels demand for Europium in electronics, particularly in LED lighting and display panels. Moreover, Asia Pacific's manufacturing capabilities and cost advantages attract significant investments in Europium-based products. Government initiatives supporting infrastructure development and sustainable technologies further drive market expansion.

 

The current report Scope analyzes Europium Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Europium

According to Cognitive Market Research, the global Europium market size was estimated at USD 251.2 Million,out of which North America held the major market of more than 40% of the global revenue with a market size of USD 100.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2 from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Europium market with a market size of USD 79.28 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. The demand is amplified by the nation's indispensable role in multiple critical applications.
• The Canada Europium market had a market share of USD 12.06 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Canada's indispensable role in multiple critical applications.
• The Mexico Europium market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 9.14 million in 2024.

Europe Europium

According to Cognitive Market Research, the global Europium market size was estimated at USD 251.2 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 75.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.5%from 2024 to 2031.

• The United Kingdom Europium market had a market share of USD 12.66 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. In the UK, Europium sales witness an upswing due to the nation's stringent environmental regulations and emphasis on energy efficiency.
• The France Europium market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 6.93 million in 2024.
• According to Cognitive Market Research, the Germany Europium market size was valued at USD 14.92 million in 2024 and is projected to grow at a CAGR of 4.7% during the forecast period. In Germany, Europium sales surged due to the stringent environmental regulations and emphasis on energy efficiency.
• The Italy Europium market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 6.48 million in 2024.
• The Russia Europium market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 11.68 million in 2024.
• The Spain Europium market is projected to witness growth at a CAGR of 3.6% during the forecast period with a market size of USD 6.18 million in 2024
• The LuxembourgEuropium market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD 2.34 million in 2024.
• The PortugalEuropium market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 1.58 million in 2024.
• The GreeceEuropium market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 0.90 million in 2024.
• Rest of Europe'sEuropium market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 11.68 million in 2024.

Asia Pacific Europium

According to Cognitive Market Research, the global Europium market size was estimated at USD 251.2Million, out of which Asia Pacific held the market ofaround23% of the global revenue with a market size of USD 57.78million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0%from 2024 to 2031.

• According to Cognitive Market Research, the China Europium market size was valued at USD 26.00million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. Europium sales surge in China due to the region's rapid industrialization and increasing investments in infrastructure.
• The Japan Europium market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 7.97 million in 2024.
• The India Europium market had a market share of USD 6.93 million in 2024 and is projected to grow at a CAGR of 9.8% during the forecast period. India's region's rapid industrialization and increasing investments in infrastructure.
• The South Korea Europium market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 5.78 million in 2024.
• The Australia Europium market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 3.00 million in 2024.
• The South East Asia Europium market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 3.99 million in 2024.
• The Rest of Asia Pacific Europium market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 4.10 million in 2024.

South America Europium

According to Cognitive Market Research, the global Europium market size was estimated at USD 251.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 12.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4%from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Europium market size was valued at USD 5.38 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. Europium sales flourish in Brazil due to the burgeoning construction activities and healthcare infrastructure development.
• Argentina Europium market had a market share of USD 2.11 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period. Argentina's burgeoning construction activities and healthcare infrastructure development.
• Colombia Europium market is projected to witness growth at a CAGR of 5.2% during the forecast period with a market size of USD 1.12million in 2024.
• Peru Europium market is projected to witness growth at a CAGR of 5.6% during the forecast period with a market size of USD 1.03 million in 2024.
• Chile Europium market is projected to witness growth at a CAGR of 5.7% during the forecast period with a market size of USD 0.90 million in 2024.
• The Rest of Latin America Europium market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 2.02 million in 2024.

Middle East and Africa Europium

According to Cognitive Market Research, the global Europium market size was estimated at USD 251.2 Million, out of which the Middle East and Africa held the major market ofaround 2% of the global revenue with a market size of USD 5.02million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7%from 2024 to 2031.

• The GCC Countries Europium market is projected to witness growth at a CAGR of 6.5% during the forecast period with a market size of USD 2.15 million in 2024. Europium sales flourish due to the expanding industrial sectors and technological advancements.
• The Egypt Europium market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 0.53 million in 2024.
• The South Africa Europium market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 0.79 million in 2024. Europium sales flourish in South Africa due to the expanding industrial sectors and technological advancements.
• The Turkey Europium market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 0.43 million in 2024.
• The Nigeria Europium market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 0.53 million in 2024.
• The Rest of MEA Europium market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 0.59 million in 2024.

Europium Market Analysis

Europium Market Compounds Segment Analysis

According to Cognitive Market Research, chlorides dominate the europium compounds market due to their extensive applications in various industries such as electronics, phosphors, and catalysis. Europium chloride, specifically EuCl3, is highly sought after for its role in producing red phosphors used in fluorescent lamps and television screens. Its ability to emit a deep red color under ultraviolet light makes it indispensable in these applications. Moreover, europium chlorides are crucial in the production of nuclear reactor control rods, enhancing their thermal neutron absorption capabilities. These factors contribute to the sustained dominance of europium chlorides in the market, driven by their diverse and critical industrial uses.

Fluorides are experiencing rapid growth due to their emerging applications in specialized industries such as biomedical imaging and optical coatings. Europium fluoride (EuF3) exhibits unique optical properties that make it ideal for use in lasers and optical amplifiers. Furthermore, its role in fluorescence imaging techniques, where it serves as a contrast agent, has fueled its demand in the healthcare sector. The growing adoption of europium fluorides in high-tech applications, coupled with advancements in materials science, underscores their position as the fastest-growing category within the europium compounds market.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Europium Industry. Request a Free Sample PDF!

Europium Market Application Segment Analysis

According to Cognitive Market Research, the phosphors hold a dominant position in the europium market, primarily due to their widespread use in various display technologies and lighting applications. These phosphors, typically based on europium oxide (Eu2O3) or europium doped materials, emit bright red, blue, and green light when stimulated by electrons or ultraviolet light. They are crucial components in fluorescent lamps, LED displays, and plasma screens, where their ability to produce vivid colors enhances visual clarity and energy efficiency. The demand for europium phosphors is further bolstered by the growing consumer electronics market and the increasing adoption of energy-efficient lighting solutions worldwide.

The permanent magnets represent the fastest-growing category in the europium market, driven by their exceptional magnetic properties and expanding applications in industries such as automotive, renewable energy, and electronics. These magnets, often alloyed with other rare earth elements and transition metals, exhibit high coercivity and magnetic strength, making them ideal for use in electric vehicle motors, wind turbine generators, and magnetic resonance imaging (MRI) machines. The increasing demand for compact, lightweight, and powerful magnets in modern technology fuels the growth of europium permanent magnets.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Europium End-use Segment Analysis

End-use Segment Analysis

According to Cognitive Market Research, the Consumer electronics stand out as the dominating end-use category in the europium market, primarily due to the widespread incorporation of europium phosphors in display technologies. Europium-based phosphors, such as europium oxide (Eu2O3) and other doped materials, are essential for producing vibrant colors in displays like LED screens, plasma TVs, and fluorescent lamps. Their ability to emit bright red, blue, and green light under UV excitation enhances the visual experience in televisions and monitors, driving consumer preference towards devices equipped with high-quality displays.

The fastest-growing end-use category in the europium market is anti-counterfeiting applications. Europium compounds, particularly europium complexes and luminescent tags, are increasingly utilized in security features to authenticate products and prevent counterfeiting. These materials possess unique luminescent properties that can be integrated into inks, coatings, and labels, allowing for covert authentication under UV light. The rising global concern over counterfeit goods across various industries, including pharmaceuticals, luxury goods, and electronics, drives the adoption of europium-based anti-counterfeiting technologies.

• Consumer Electronics
• Lighting
• Semiconductors
• Automotive
• Healthcare
• Nuclear Labs
• Metallurgy
• Anti-counterfeiting
• Others

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

LinkedIn

Profile

• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
• Acquainted with entire process of report writing- Title Analysis, TOC Building, Search Engine Optimization, TOC Freezing, Writing Reports, Market Engineering, Scheduling Primaries, Directory of Key Industry Participants (DKIP), Drafting “Press Articles/Summary/Report Description/Analyst Briefing” used for making marketing collaterals 
• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.

Author's Conclusion