Global Lanthanum Nitrate Market By, Type (Purity 98%, Purity 99%, Other), Form (Liquid, Powder), Application (Solvent, Intermediates, Reagent, Other), End Users (Chemical Industry, Water Treatment, Other), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Lanthanum Nitrate Market
Lanthanum nitrate market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 5.60% in the forecast period of 2021 to 2028. The increase in demand for lanthanum nitrate from the water treatment sectors across the globe is escalating the growth of lanthanum nitrate market.
Lanthanum Nitrate refers to a rare earth chemical which is found in white or colorless crystal form having molecular formula “La (NO3)3 · 6H2O”. The product is highly soluble in water and could be a strong oxidizer. It has some hazardous traits such as decomposition of lanthanum (III) nitrate hexahydrate could emit toxic fumes and it is poisonous for aquatic life with long lasting effects if drained in water.
The increase in demand for lanthanum nitrate from various sectors for different applications is one of the major factors driving the lanthanum nitrate market. The increase in the utilization of lanthanum nitrate in water treatment plants due to its ability to bind with phosphates in water resulting in the clarification of water influences the market. The increase in use of lanthanum to improve the properties of steel such as ductility, resistance and malleability and its utilization in the glass industry for manufacturing of optical glass accelerates the lanthanum nitrate market growth. Additionally, the rise in use of the product lanthanum exchanging in synthesizing Zeolites, rapid urbanization, increase in waterborne disease, growing population, hike in disposable income and enhanced living standards positively affect the market. Furthermore, the increase in use of lanthanum nitrate in refineries because of catalytic cracking being one of the most important conversion process, robust development in infrastructure and growing inclination towards renewable energy as the product is used for the extraction of lanthanide ions for solar cells extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, concerns regarding the hazardous nature of lanthanum nitrate and implementation of stringent regulations associated with the product are factors expected to obstruct the market growth. The fluctuation in cost of raw materials is projected to challenge the lanthanum nitrate market in the forecast period of 2021-2028.
This lanthanum nitrate market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on lanthanum nitrate market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Lanthanum Nitrate Market Scope and Market Size
Lanthanum nitrate market is segmented on the basis of type, form, application and end users. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the lanthanum nitrate market is segmented into purity 98%, purity 99% and other.
- On the basis of form, the lanthanum nitrate market is segmented into liquid and powder.
- On the basis of application, the lanthanum nitrate market is segmented into solvent, intermediates, and reagent and other.
- On the basis of end users, the lanthanum nitrate market is segmented into chemical industry, water treatment and other.
Global Lanthanum Nitrate Market Country Level Analysis
Lanthanum nitrate market is analyzed and market size, volume information is provided by country, type, form, application and end users as referenced above.
The countries covered in the lanthanum nitrate market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the lanthanum nitrate market due to the high availability of raw materials in the region. North America is expected to show significant growth in the forecast period of 2021-2028 because of the favorable market condition for production and exploration of rare earth oxides and decrease in the Chinese exports in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Lanthanum Nitrate Market Share Analysis
Lanthanum nitrate market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to lanthanum nitrate market.
The major players covered in the lanthanum nitrate market report are Star Earth Minerals Private Limited., Alpha Chemika., Career Henan Chemical Co. Ltd., Chemwill Asia co.,Ltd, Shanghai Danfan Network Science&Technology Co., Ltd., Zhejiang NetSun Co., Ltd., Alfa Aesar, Advanced Technology & Industrial Co., Ltd., Merck KGaA, Tokyo Chemical Industry Co., Ltd., VWR International, LLC., JIANGSU BAICHENG CHEMICAL TECHNOLOGY CO.,LTD., Avalon Advanced Materials Inc., Cathay Advanced Materials Limited, Chemamde, METALL RARE EARTH LIMITED, HEFA Rare Earth Canada Co. Ltd., Less Common Metals, Haihang Industry, Alkane Resources Ltd, ARAFURA RESOURCES, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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