IMARC Group, a leading market research company, has recently releases report titled “Rubidium Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global rubidium market size, growth, share, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What is Rubidium?
Rubidium is a highly reactive alkali metal characterized by its soft, silvery-white appearance. It is primarily sourced from lithium production or mined from mineral deposits. It has distinct chemical and physical properties, including low melting points and excellent conductivity. It is used in photoelectric cells, night-vision goggles, and photomultiplier tubes due to its photo-emissive properties. It finds numerous applications in the manufacturing of special glasses and ceramics, fireworks, and biomedical research. It is also employed as an electrode coating in thermionic power converters to transform heat energy into electrical energy by facilitating the movement of electrons across a vacuum gap. Besides this, it is widely used in telecommunications and global positioning systems (GPS) for precise timekeeping.
How Big Is the Rubidium Market?
The global rubidium market size reached a volume of 2.7 Kilo Tons in 2022. Looking forward, IMARC Group expects the market to reach 3.3 Kilo Tons by 2028, exhibiting a growth rate (CAGR) of 3.60% during 2023-2028.
What Are The Major Market Drivers In The Rubidium Market?
Rapid technological advancements in electronics and telecommunications are resulting in a higher demand for rubidium-based products. Moreover, the expanding use of rubidium isotopes in the biomedical research field for various medical tests and treatments is contributing to market growth. Apart from this, the increasing usage of rubidium in the glass and ceramics industry due to its ability to modify properties like electrical conductivity and refractive index is offering a favorable market outlook. Furthermore, the rise of renewable energy solutions is driving the demand for rubidium in thermoelectric generators.
What Is Included in Market Segmentation?
The report has segmented the market into the following categories:
Breakup by Production Process:
- Lepidolite
- Pollucite
- Others
Breakup by Grade:
- Technical Grade Metal
- High-purity Grade
Breakup by Application Sector:
- Biomedical Research
- Electronics
- Specialty Glass
- Pyrotechnics
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Who Are the Key Players Operating In The Industry?
American Elements, ESPI Metals Inc., Ganfeng Lithium Group, Inorganic Ventures Inc., Lanhit, Lepidico, Merck KGaA, Otto Chemie Pvt Ltd and Sinomine Resource Group Co. Ltd.
Key highlights of the Report:
- Market Performance (2018–2023)
- Market Outlook (2023-2028)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
