Europium(III) oxide (Eu2O3) is a chemical compound of europium and oxygen
Market Overview
Used as a red or blue phosphor in television sets and fluorescent lamps
Acts as an activator for yttrium-based phosphors
Increasing usage in ceramics, glass, and permanent magnetic materials
Market Value & Growth Projections
Market Statistics:
Global market valued at USD 241 (2023)
Projected to reach USD 417.65 million by 2032 CAGR of 6.30% during the forecast period
North America market: USD 69.76 million in 2023 (CAGR 5.40%)
Key Market Drivers:
Rising demand for energyefficient lighting solutions
Technological advancements in television displays
Growing applications in ceramics and glass industry
Increasing focus on environmental sustainability
Market Segmentation
Key Market Players
Regional Market Analysis
North America:
Significant growth with USD 69.76M in 2023 and CAGR of 5.40%
Europe:
Strong demand from Germany, UK, France with vital role in semiconductor industry
Asia-Pacific:
Largest market share with China, Japan, South Korea as key contributors
Middle East & Africa:
Steady demand driven by expanding infrastructure projects
South & Central America:
Emerging market influenced by economic development in Brazil and Argentina
