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The rubidium market share is expected to increase by 669.29 units from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.07%.
This rubidium market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers rubidium market segmentation by application (specialty glass, electronics, biomedical research, and others) and geography (North America, Europe, APAC, South America, and MEA). The rubidium market report also offers information on several market vendors, including American Elements, Ganfeng Lithium Co. Ltd., Inorganic Ventures Inc., International Lithium Corp., LANHIT, Lepidico, Lithium Australia NL, Merck KGaA, Otto Chemie Pvt. Ltd., and Thermo Fisher Scientific Inc. among others.
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The diversified applications of rubidium is notably driving the rubidium market growth, although factors such as high cost of rubidium may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the rubidium industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Rubidium Market Driver
One of the key factors driving the global rubidium industry growth is the diversified applications of rubidium. Rubidium carbonate (Rb2CO3) is used as an additive to such types of specialty glass, where it reduces electrical conductivity and improves stability and durability. Moreover, a rubidium-cesium-antimony coating is commonly applied to the photo-cathodes of photo-multiplier tubes that are used in radiation detection devices, medical imaging equipment, and night vision devices. In addition, specialty glass, which constitutes the leading market for rubidium, is used in fiber-optic telecommunication systems and night vision devices. Thus, the growing use of rubidium is expected to further enhance the growth of the market during the forecast period.
Key Rubidium Market Trend
Strategic alliances is one of the key rubidium market trends that is expected to impact the industry positively in the forecast period. For instance, in March 2021, Lepidico announced an increase in its resources at the Karibib Project (KP) in Namibia, in which it has 80% ownership (stake). In October 2020, Bracco Diagnostics Inc., the U.S subsidiary of Bracco Imaging S.p.A., a leading global company in the diagnostic imaging business, announced that the US Food and Drug Administration (FDA) had approved its new CardioGen-82 infusion system to enhance automation, efficiency, and simplicity in cardiac position emission tomography (PET) myocardial perfusion imaging (MPI). Therefore, such discovery of new rubidium deposits, as well as innovative applications for the metal, will enhance the growth of the market during the forecast period. Such factors will further support the market growth in the coming years.
Key Rubidium Market Challenge
One of the key challenges to the global rubidium industry growth is the high cost of rubidium. Its rarity in part is attributed to there being few applications that require or use rubidium as an important raw material. It has a solitary extra electron in its outer shell, which means that it will hungrily pair up with almost any other element and form an especially strong bond. The market price of 99.75% Rb2CO3, which is the most widely used rubidium chemical, is around USD 57 for 10 grams (i.e., USD 5,700 per kilogram). This is considered to be much higher when compared to the price of lithium or potassium carbonate. Such factors are expected to be a major challenge for the growth of the market during the forecast years.
This rubidium market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global rubidium market as a part of the global diversified chemicals market within the global chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the rubidium market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the rubidium market encompasses successful business strategies deployed by the key vendors. The rubidium market is concentrated and the vendors are deploying growth strategies such as an increase in R&D activities to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The rubidium market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the rubidium market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
***1. Executive Summary
**1.1 Market overview
*Exhibit 01: Key Finding 1
*Exhibit 02: Key Finding 2
*Exhibit 03: Key Finding 3
*Exhibit 04: Key Finding 5
*Exhibit 05: Key Finding 6
*Exhibit 06: Key Finding 7
*Exhibit 07: Key Finding 8
***2. Market Landscape
**2.1 Market ecosystem
*Exhibit 08: Parent market
*Exhibit 09: Market characteristics
*Exhibit 10: Value chain analysis
*2.2.1 Inputs
*2.2.2 Inbound logistics
*2.2.3 Operations
*2.2.4 Outbound logistics
*2.2.5 Marketing and sales
*2.2.6 Support activities
*2.2.7 Innovations
***3. Market Sizing
**3.1 Market definition
*Exhibit 11: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 12: Market segments
**3.3 Market size 2021
**3.4 Market outlook: Forecast for 2021-2026
*Exhibit 13: Global - Market size and forecast 2021 - 2026 (units)
*Exhibit 14: Global market: Year-over-year growth 2021 - 2026 (%)
*Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 15: Five forces analysis 2021 & 2026
**4.2 Bargaining power of buyers
*Exhibit 16: Bargaining power of buyers
**4.3 Bargaining power of suppliers
*Exhibit 17: Bargaining power of suppliers
**4.4 Threat of new entrants
*Exhibit 18: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 19: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 20: Threat of rivalry
**4.7 Market condition
*Exhibit 21: Market condition - Five forces 2021
***5. Market Segmentation by Application
**5.1 Market segments
*Exhibit 22: Application - Market share 2021-2026 (%)
**5.2 Comparison by Application
*Exhibit 23: Comparison by Application
**5.3 Specialty glass - Market size and forecast 2021-2026
*Exhibit 24: Specialty glass - Market size and forecast 2021-2026 (units)
*Exhibit 25: Specialty glass - Year-over-year growth 2021-2026 (%)
**5.4 Electronics - Market size and forecast 2021-2026
*Exhibit 26: Electronics - Market size and forecast 2021-2026 (units)
*Exhibit 27: Electronics - Year-over-year growth 2021-2026 (%)
**5.5 Biomedical research - Market size and forecast 2021-2026
*Exhibit 28: Biomedical research - Market size and forecast 2021-2026 (units)
*Exhibit 29: Biomedical research - Year-over-year growth 2021-2026 (%)
**5.6 Others - Market size and forecast 2021-2026
*Exhibit 30: Others - Market size and forecast 2021-2026 (units)
*Exhibit 31: Others - Year-over-year growth 2021-2026 (%)
**5.7 Market opportunity by Application
*Exhibit 32: Market opportunity by Application
***6. Customer landscape
*Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
**6.1 Overview
*Exhibit 33: Customer landscape
*** 7. Geographic Landscape
**7.1 Geographic segmentation
*Exhibit 34: Market share by geography 2021-2026 (%)
**7.2 Geographic comparison
*Exhibit 35: Geographic comparison
**7.3 North America - Market size and forecast 2021-2026
*Exhibit 36: North America - Market size and forecast 2021-2026 (units)
*Exhibit 37: North America - Year-over-year growth 2021-2026 (%)
**7.4 Europe - Market size and forecast 2021-2026
*Exhibit 38: Europe - Market size and forecast 2021-2026 (units)
*Exhibit 39: Europe - Year-over-year growth 2021-2026 (%)
**7.5 APAC - Market size and forecast 2021-2026
*Exhibit 40: APAC - Market size and forecast 2021-2026 (units)
*Exhibit 41: APAC - Year-over-year growth 2021-2026 (%)
**7.6 South America - Market size and forecast 2021-2026
*Exhibit 42: South America - Market size and forecast 2021-2026 (units)
*Exhibit 43: South America - Year-over-year growth 2021-2026 (%)
**7.7 MEA - Market size and forecast 2021-2026
*Exhibit 44: MEA - Market size and forecast 2021-2026 (units)
*Exhibit 45: MEA - Year-over-year growth 2021-2026 (%)
**7.8 Key leading countries
*Exhibit 46: Key leading countries
**7.9 Market opportunity by geography
*Exhibit 47: Market opportunity by geography (units)
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Diversified applications of cesium
*8.1.2 Growing use of rubidium in biomedical applications
*8.1.3 Applications in specialty glass products
**8.2 Market challenges
*8.2.1 High cost of rubidium
*8.2.2 Lower availability of rubidium
*8.2.3 Availability of substitutes
*Exhibit 48: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Strategic alliances
*8.3.2 Use of rubidium to manufacture photovoltaic cells
*8.3.3 Growing R&D activities in the electronics industry
***9. Vendor Landscape
**9.1 Competitive scenario
**9.2 Overview
*Exhibit 49: Vendor landscape
**9.3 Landscape disruption
*Exhibit 50: Landscape disruption
*Exhibit 51: Industry risks
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 52: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 53: Matrix on vendor position and classification
**10.3 American Elements
*Exhibit 54: American Elements - Overview
*Exhibit 55: American Elements - Product and service
*Exhibit 56: American Elements - Key offerings
**10.4 Ganfeng Lithium Co. Ltd.
*Exhibit 57: Ganfeng Lithium Co. Ltd. - Overview
*Exhibit 58: Ganfeng Lithium Co. Ltd. - Business segments
*Exhibit 59: Ganfeng Lithium Co. Ltd. - Key offerings
*Exhibit 60: Ganfeng Lithium Co. Ltd. - Segment focus
**10.5 Inorganic Ventures Inc.
*Exhibit 61: Inorganic Ventures Inc. - Overview
*Exhibit 62: Inorganic Ventures Inc. - Product and service
*Exhibit 63: Inorganic Ventures Inc. - Key offerings
**10.6 International Lithium Corp.
*Exhibit 64: International Lithium Corp. - Overview
*Exhibit 65: International Lithium Corp. - Product and service
*Exhibit 66: International Lithium Corp. - Key offerings
**10.7 LANHIT
*Exhibit 67: LANHIT - Overview
*Exhibit 68: LANHIT - Product and service
*Exhibit 69: LANHIT - Key offerings
**10.8 Lepidico
*Exhibit 70: Lepidico - Overview
*Exhibit 71: Lepidico - Business segments
*Exhibit 72: Lepidico - Key offerings
*Exhibit 73: Lepidico - Segment focus
**10.9 Lithium Australia NL
*Exhibit 74: Lithium Australia NL - Overview
*Exhibit 75: Lithium Australia NL - Product and service
*Exhibit 76: Lithium Australia NL - Key offerings
**10.10 Merck KGaA
*Exhibit 77: Merck KGaA - Overview
*Exhibit 78: Merck KGaA - Business segments
*Exhibit 79: Merck KGaA - Key offerings
*Exhibit 80: Merck KGaA - Segment focus
**10.11 Otto Chemie Pvt. Ltd.
*Exhibit 81: Otto Chemie Pvt. Ltd. - Overview
*Exhibit 82: Otto Chemie Pvt. Ltd. - Product and service
*Exhibit 83: Otto Chemie Pvt. Ltd. - Key offerings
**10.12 Thermo Fisher Scientific Inc.
*Exhibit 84: Thermo Fisher Scientific Inc. - Overview
*Exhibit 85: Thermo Fisher Scientific Inc. - Business segments
*Exhibit 86: Thermo Fisher Scientific Inc. - Key offerings
*Exhibit 87: Thermo Fisher Scientific Inc. - Segment focus
***11. Appendix
**11.1 Scope of the report
*11.1.1 ????Definition
*11.1.2 ????Objectives
*11.1.3 Notes and caveats
**11.2 Currency conversion rates for US$
*Exhibit 88: Currency conversion rates for US$
**11.3 Research methodology
*Exhibit 89: Research Methodology
*Exhibit 90: Validation techniques employed for market sizing
*Exhibit 91: Information sources
**11.4 List of abbreviations
*Exhibit 92: List of abbreviations
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