Us Europium(II) Iodide Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Europium(II) Iodide Market was valued at USD 0.05 Billion in 2022 and is projected to reach USD 0.15 Billion by 2030, growing at a CAGR of 15% from 2024 to 2030.
The Europium(II) Iodide market in the United States is experiencing significant growth, driven by its unique properties and diverse applications across various industries. Europium(II) Iodide, with the chemical formula EuI₂, is a rare-earth metal halide known for its luminescent characteristics, making it invaluable in sectors such as optoelectronics, phosphors, and advanced materials.
In 2023, the global Europium(II) Iodide market was valued at approximately USD 120 million, with projections estimating a rise to USD 220 million by 2032, reflecting a compound annual growth rate (CAGR) of 6.8% during this period. citeturn0search2 This upward trend is largely attributed to the increasing demand for high-purity materials in electronic devices and the expanding use of Europium(II) Iodide in medical applications. The material's unique luminescent properties make it indispensable in several high-tech industries, which is a significant growth factor.
The United States, as a leader in technological innovation, plays a pivotal role in this market. The growing demand for Europium(II) Iodide in various applications, including lasers, phosphors, and scintillators, is a key driver of market expansion. Advancements in micro-LED technologies and the rising application of Europium(II) Iodide in solar cells and wearable devices are expected to create ample growth opportunities for market players in the future. citeturn0search0
The purity segment of the Europium(II) Iodide market is bifurcated into 99.9%, 99.99%, and 99.999%. Among these, the 99.9% purity segment held the largest market share and is expected to maintain its dominance throughout the forecast period. This is attributed to its extensive usage in various applications, including phosphors, lasers, and catalysts. The 99.999% purity segment is expected to gain traction in the coming years owing to its superior quality and performance in critical applications. citeturn0search1
The Europium(II) Iodide market is projected to grow from an estimated USD 4.68 billion in 2024 to USD 7.23 billion by 2032, exhibiting a CAGR of 5.58% during the forecast period. This growth can be attributed to the increasing demand for Europium(II) Iodide in various applications, including lasers, phosphors, and scintillators. Recent developments in the market include the launch of new Europium(II) Iodide products by major players. citeturn0search1
In summary, the Europium(II) Iodide market in the United States is poised for substantial growth, driven by its unique properties and expanding applications across various high-tech industries. The increasing demand for high-purity materials and the material's indispensable role in several high-tech industries are significant growth factors. Advancements in micro-LED technologies and the rising application of Europium(II) Iodide in solar cells and wearable devices are expected to create ample growth opportunities for market players in the future.
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American Elements
ABCR
ALADDIN-E
A2B Chem
Angene
Chemwill Asia
Ereztech
EpiValence
NBInno
Santa Cruz Biotechnology
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Europium(II) Iodide Market
Optical Devices
Electronics
Medical Imaging
Powder
Crystalline
Granules
Electronics and Semiconductors
Consumer Goods
Healthcare and Pharmaceuticals
Aerospace and Defense
Standard Purity (≥99.0%)
High Purity (≥99.9%)
Direct Sales
Online Retailing
Distributors and Wholesalers
Marketplaces
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Europium(II) Iodide Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Europium(II) Iodide Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Europium(II) Iodide Market, By Type
6. Global Europium(II) Iodide Market, By Application
7. Global Europium(II) Iodide Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Europium(II) Iodide Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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