Global Erbium Market to be Propelled by Rising Demand for Display Panels.

The global erbium oxide market has been witnessing a steady growth in the market valuation. The electrical and optical properties of erbium oxide have made it an important component of display monitors such as LEDs and LCDs. The market for display panels is exhibiting an immense rise in demand, resulting in the market expansion for erbium oxide. This is the primary factor behind the immense growth of the global erbium oxide market in recent times.

Apart from this, the rising uptake of smartphone and phablet in emerging economies is also adding to the growth of the display panel industry, which eventually, is stimulating the worldwide erbium oxide market. In addition to this, the latest development introduced in the markets for semiconductor permanent magnets is projected to boost the demand for erbium oxide market in the coming years.

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On the other hand, the extremely toxic nature of erbium is limiting the market growth to a great extent. Erbium oxide can adversely affect the human health if it is inhaled, injected, or taken orally. The Environmental Protection Agency (EPA) has graded Erbium oxide as an irritant and can cause serious eye and skin irritation. Additionally, the high cost of raw materials is anticipated to restrict the growth of the market for erbium oxide market in the near future.The industries for automotive, medical and healthcare, defense, and aerospace are the key end users for erbium oxide.

China Leads Erbium Oxide Market in Asia Pacific 
The global erbium market is spread across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these, Asia Pacific occupied the leading position in the worldwide erbium oxide market in terms of both, the demand and the production volume. The erbium market in North America holds the second position among all the regional markets.

The biggest market for erbium in Asia Pacific is China. The country is one of the major resources of rare earth materials across the world. The presence of a large base of reserves has helped China become the leading producer of erbium in the Asia Pacific region.In terms of demand, China again holds the majority share of the Asia Pacific erbium market owing to the rising demand from various end users such as the industries for electronics and automotive as well as permanent magnet manufacturers. The country is closely followed by Australia, India, and Russia in terms of reserve capacity.

The growing inclination of the electronics market towards China has negatively impacted the demand for erbium oxide in Europe. The regional market therefore, is likely to exhibit a significant decline in growth in the coming years. 

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Global Erbium Oxide Market: Major Players
The global market for erbium oxide is moderately concentrated in nature with a few players holding a major share of this market. The key companies operating in this market are China Rare Earth Holding Ltd., Frontier Rare Earths Ltd., Alkane Resources Ltd., Arafura Resources, Molycorp, Baotou Iron and Steel, Great Western Minerals Group Ltd., ESPI Metals, Avalon Rare Metals Inc., and Indian Rare Earths Ltd. 

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