Global Yttrium Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Raw Product Type;

Alloy, Metal, and Compounds.

By Application;

Phosphors, Ceramics, Electronic Devices, High Temperature Refractories, Lasers, Metallurgical Applications, Solid Oxide Fuel Cell, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn348267383 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Yttrium Market (USD Million), 2021 - 2031

In the year 2024, the Global Yttrium Market was valued at USD 159.81 million. The size of this market is expected to increase to USD 522.82 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 18.5%.

The Yttrium market encapsulates the global trade and utilization of yttrium, a rare earth element renowned for its exceptional properties like high heat stability and corrosion resistance. Its significance lies in various industrial applications, spanning electronics, automotive, aerospace, and healthcare sectors. In electronics, yttrium is crucial for producing vibrant color reproduction in phosphors for displays and LEDs, enhancing the visual experience for consumers. The automotive industry relies on yttrium to enhance the efficiency of catalytic converters, aiding in the reduction of harmful emissions. Furthermore, yttrium plays a pivotal role in the aerospace sector by enabling the production of materials resistant to high temperatures, ensuring the safety and durability of aircraft components. In healthcare, yttrium-based contrast agents are integral to medical imaging devices like MRI machines, facilitating improved diagnostic accuracy and patient care.

The dynamics of the Yttrium market are influenced by a multitude of factors, including environmental regulations, technological advancements, consumer preferences, and geopolitical developments. Historically, China has dominated the yttrium market, serving as a major supplier and producer. Efforts to diversify supply chains and mitigate geopolitical risks have led to increased production and development in other regions. This trend highlights the market's resilience and adaptability to changing global dynamics, as stakeholders seek to ensure a stable and sustainable supply of yttrium while navigating geopolitical uncertainties. Overall, the Yttrium market remains dynamic, driven by ongoing advancements and evolving market forces across various industries and regions.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Raw Product Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Yttrium Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Electronics Demand
        2. Infrastructure Project
        3. Medical Device Demand
      2. Restraints
        1. Geopolitical Instabilities
        2. Trade Barriers
        3. Economic Uncertainties
      3. Opportunities
        1. Clean Energy Demand
        2. Advanced Materials
        3. Industrial Growth
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Yttrium Market, By Raw Product Type, 2021 - 2031 (USD Million)
      1. Alloy
      2. Metal
      3. Compounds
    2. Global Yttrium Market, By Application, 2021 - 2031 (USD Million)
      1. Phosphors
      2. Ceramics
      3. Electronic Devices
      4. High Temperature Refractories
      5. Lasers
      6. Metallurgical Applications
      7. Solid Oxide Fuel Cell
      8. Others
    3. Global Yttrium Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Alkane Resources
      2. Chengdu Haoxuan Technology Co. Ltd
      3. China Rare Earth Co. Ltd
      4. Crossland Strategic Metals Limited
      5. Double Park International Corporation
      6. Ganzhou Hong De New Technology Development Ltd. Co
      7. GBM Resources Ltd
      8. Goring Rare Earth Corporation Limited
      9. Inner Mongolia Nonferrous Mining Co. Ltd
      10. Metall Rare Earth Limited
      11. Nippon Yttrium Co. Ltd
      12. Shenzhen Chuanyan Technology Co. Ltd
      13. Sichuan Lanthanum Rare Materials Limited
      14. The Nilaco Corporation
      15. Zhejiang Jinda Rare-earth Element Co. Ltd
  7. Analyst Views
  8. Future Outlook of the Market