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.
What will the Rubidium Market Size be During the Forecast Period?
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Rubidium Market: Key Drivers, Trends, and Challenges
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.
Parent Market Analysis
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.
Who are the Major Rubidium Market Vendors?
The report analyzes the market’s competitive landscape and 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.
- Thermo Fisher Scientific Inc.
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.
Product Insights and News
- American Elements - The company offers products such as rubidium acetate, rubidium azide, rubidium bromide.
- American Elements - Through the ceramics segment, the company offers products such as aluminates, arsenides, borides, carbides, ferrites, niobates, nitrides, phosphides, silicides, titanates, tungstates, and zirconates.
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.
Rubidium Market Value Chain Analysis
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.
Which are the Key Regions for Rubidium Market?
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70% of the market’s growth will originate from North America during the forecast period. US is the key market for rubidium in North America. Market growth in this region will be faster than the growth of the market in Europe and MEA.
The growing importance of rubidium in varied applications, such as electronics, healthcare, specialty glass, among others will facilitate the rubidium market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The COVID-19 pandemic adversely affected most industrial activities in the region in 2020. Several operations were either suspended by the government or were kept operational with limited capacity, which reduced the demand for chemicals and other raw materials, including rubidium from various end-user industries, such as oil and gas, electrical, and aviation. However, market growth is expected to stabilize during the latter part of the forecast period, as the large-scale vaccination drives conducted across the region and economic recovery are likely to promote the growth of activities in end-user industries.
What are the Revenue-generating Application Segments in the Rubidium Market?
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The rubidium market share growth by the specialty glass segment will be significant during the forecast period. Specialty glass is used in fiber-optic telecommunication systems and night vision devices. Rubidium carbonate (Rb2CO3) is used as an additive in such specialty glass to reduce electrical conductivity, which improves stability and durability in fiber-optic telecommunication networks. Such factors will support the segment growth in the coming years.
This report provides an accurate prediction of the contribution of all the segments to the growth of the rubidium market size and actionable market insights on post COVID-19 impact on each segment.
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Rubidium Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.07% |
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Market growth 2022-2026 |
669.29 units |
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Market structure |
Concentrated |
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YoY growth (%) |
3.87 |
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Regional analysis |
North America, Europe, APAC, South America, and MEA |
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Performing market contribution |
North America at 70% |
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Key consumer countries |
US, Germany, China, France, and Russian Federation |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
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. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Rubidium Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive rubidium market growth during the next five years
- Precise estimation of the rubidium market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the rubidium industry across North America, Europe, APAC, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of rubidium market vendors
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