PUNE, India, July 19, 2024 /PRNewswire/ -- Rubidium is a soft,
highly reactive silvery-white metal in the alkali group. The global
rubidium market is expected to witness significant growth due to
factors such as increasing demand for Rubidium in the growing
biomedical research-oriented applications and due to
its photo-emissivity properties used to manufacture
photovoltaic cells, night vision devices, etc. However, the
availability of rubidium is limited due to its relatively low
abundance in the Earth's crust and the high cost of production,
which has resulted in limited commercial applications.
Stellar Market Research, a leading Chemical & Material
business research firm has published a report on the Rubidium
Market. The market volume for the Rubidium Market was 2.95 Kilotons
in 2023 and is expected to grow at a CAGR of 4.01 percent through
the forecast period, reaching 3.88 Kilotons by 2030. A bottom-up
approach has been used to determine the market volume.
The report on the rubidium market provides a comprehensive
overview of the global Rubidium market, highlighting total volume
and compound annual growth rate (CAGR). The report delves into the
competitive landscape of the Rubidium market, examining market
concentration and the status of major players along with an
in-depth analysis of the supply chain, including raw material
suppliers, pricing, supply and demand dynamics, and market
concentration rates. The report also provides a detailed forecast
segmented by grade segment and application, highlighting the
anticipated trends and growth opportunities in the market.
Rubidium Market Scope
Market Volume in
2023
|
2.95
Kilotons
|
Market Volume in
2030
|
3.88
Kilotons
|
CAGR
|
4.01 Percent
|
Forecast
Period
|
2024-2030
|
Base
Year
|
2023
|
Number of
Pages
|
229
|
No. of
Tables
|
138
|
No. of Charts and
Figures
|
193
|
Segment
Covered
|
By Grade Segment
and Application
|
Regional
Scope
|
North America, Europe,
Asia Pacific, Middle East and Africa, South America
|
Report
Coverage
|
Market Share, Volume,
and Forecast by Revenue | 2024−2030, Market Dynamics, Growth
Drivers, Restraints, Investment Opportunities, and Key Trends,
Competitive Landscape, Key Players Benchmarking, Competitive
Analysis, MMR Competition Matrix, Competitive Leadership Mapping,
Global Key Players' Market Ranking Analysis.
|
Get your Sample
PDF:https://www.stellarmr.com/report/req_sample/Rubidium-Market/1192
What's New: Recent Additions and Updates
- Information on new coatings and materials developed using
rubidium. Discuss their impact on product performance, durability,
and cost-effectiveness. Include examples of industries adopting
these innovations and the resultant benefits.
- Examination of the profitability landscape in the rubidium
market. Analyze the cost structures of different applications.
- Insights into opportunities for enhancing supply chain
efficiency. Discuss potential improvements in logistics.
- Detailed comparison of the cost-effectiveness of rubidium in
various applications. Highlight how rubidium's unique properties
contribute to enhanced product performance and market
competitiveness.
Rubidium Market Regional Insights
With the United States and
Canada leading, significant
advances in technology in the region, particularly in electronics
and telecommunications, are responsible for the dominance in the
region. According to SMR, telecommunications services generated
revenue of around EUR 48.8 billion
(USD 51.99 billion) in 2022. Sales of
rubidium generate more revenue in North
America with leading companies like American Elements,
Stanford Advanced Materials, and Ganfeng Lithium Co., contributing
to the considerable rubidium sales. North
America's advanced facilities and efficient supply chain
logistics allow for relatively low manufacturing costs for
rubidium. Given the increasing efficiency and automation in
production processes, labor costs are balanced. Canada's rubidium reserves, which are believed
to be over 12,000 tons, and a thriving electronics manufacturing
sector that employs around 2,000 people make it crucial. The US
Electronics Market drives significant demand even though the
country depends on imports of rubidium. Rubidium consumption is
further increased by the country's commitment to research and
development in fields like quantum computing and space exploration.
However, in 2023, the price trends for rubidium increased
significantly. For instance, one-gram ampoules containing 99.75%
rubidium cost USD 121.00, up 20% from
USD 100.80 in 2022. Despite these
fluctuating prices, North
America's rubidium market has been dominant thanks to its
strong infrastructure, technological expertise, and continuous
government support.
For detailed price trend analysis, Request for a Sample
Report:
https://www.stellarmr.com/report/req_sample/Rubidium-Market/1192
Rubidium Market Segmentation
Specialty glass is in high demand as it is used in the
production of fiber optic cables and night vision equipment, which
benefits from rubidium's ability to improve optical
characteristics. The significance of the rubidium market is
strengthened by the considerable volume of rubidium utilized in the
manufacturing of specialty glass. The value chain associated with
rubidium in the segment is efficient, ensuring a stable supply
chain with minimal disruptions, starting from extraction to
refining. When compared to other rubidium uses, the specialized
glass segment's profit margin is significant, exceeding 20%. Due to
the high level of accuracy and the use of cutting-edge technology,
the cost of making specialized glass is rather expensive; however,
this is compensated for by the high selling price, which generates
significant revenue. The improvement in R7D to improve glass
quality and diversify its uses shows its contribution to the growth
of the rubidium market. Optimizing the supply chain in the
processes to maintain competitive profit margin and meet the rising
demand from the industries, the specialty glass segment creates
significant opportunities in the rubidium market for growth.
Rubidium Market Key Players include:
- American Elements
- LANHIT
- Ganfeng Lithium Co. Ltd.
- International Lithium Corp.
- Lepidico
- Merck KGaA
- Others
Key questions answered in the Rubidium
Market are:
- What is Rubidium?
- What is the current growth rate of the Rubidium market?
- Who are the key players in the Rubidium market?
- What are the factors affecting growth in the Rubidium
market?
- Who held the largest market share in the Rubidium Market?
- What is the demand pattern for the Rubidium Market?
- What are the key trends in the Rubidium Market?
- What are the growth prospects for the Rubidium Market in
developing countries?
- Which segment is expected to witness the fastest growth and why
in the Rubidium Market?
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Buying:https://www.stellarmr.com/report/enquire_now/Rubidium-Market/1192
Key Offerings:
- Past Market Volume and Competitive Landscape (2018 to
2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Volume, Share, Volume & Forecast by Different
Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities,
and Key Trends by Region
- Market Segmentation – A detailed analysis by Grade Segment,
Application, and Region.
- Competitive Landscape – Profiles of selected key players by
region in a strategic perspective
- Competitive landscape – Market Leaders, Market Followers,
Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER's analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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About Stellar Market Research:
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industries we cover include medical devices, pharmaceutical
manufacturers, science and engineering, electronic components,
industrial equipment, technology and communication, cars and
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beverages, personal care, and automated systems.
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