The global demand for Lanthanum Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Kilo Tons in 2021 and forecast to touch XX Kilo Tons by 2028 with a CAGR of XX% during 2022-2028.
Lanthanum is a chemical element that is denoted as La and has atomic number 57. Lanthanum is a soft, malleable, ductile, and silvery-white metal that tarnishes on exposure to air. Although lanthanum is one of the most abundant elements found in the earth's crust, it is classified as a rare earth element. Lanthanum is naturally found along with cerium and other rare-earth elements. Lanthanum is used in carbon lighting applications such as studio lighting and projection. It is an important component of mischmetal alloy that is used in flints for cigarette lighters. Lanthanum-oxide improves the alkali resistance of glass and is used in making special glasses like camera lenses.
Market Dynamics
Increasing use of lanthanum for various applications such as an additive in glass, ignition element in torches and lighters, catalysts, electron cathode, etc., are the key market driver for the growth of lanthanum. There is a high demand for lanthanum in the medical field because Lanthanum carbonate is used as a phosphate binder in medicines that are used to treat high phosphate levels in the blood, which is expected to drive the market growth of lanthanum. Heightened demand for lanthanum in the automotive industry for manufacturing hybrid vehicles is supposed to elevate the market growth of lanthanum. However, restrictions imposed by the government on mining and the adverse effects of a pandemic may restraint the market growth.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of lanthanum. The growth and trends of Lanthanum Industry provide a holistic approach to this study.
Market Segmentation
This section of the lanthanum market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product
- Lanthanum Oxide
- Lanthanum Chloride
- Lanthanum Boride
- Lanthanum Acetate
- Others
By Application
- Filament Glass Coating
- Fluidic Catalytic Cracking (FCC) Catalyst
- Hydrogen Storage
- Battery and Non-Battery Alloys
- Electrical and Electronics
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Lanthanum market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Lanthanum Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the lanthanum market include Avalon Advanced Materials, Merck KGaA, Cathay Advanced Materials, Beijing Cerametek Materials, Metall Rare Earth, Haihang Industry, Less Common Metals, and Sigma-Aldrich Corporation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.