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Dysprosium Market forecasted to be valued at US$ 8.8 Billion from 2022 to 2032

Dysprosium is a rare chemical element which has symbol Dy and has atomic number 66. It is never found as a free element, but has its presence in various minerals which include fergusonite, gadolinite, and xenotime among others.

Report Attribute Details
Estimated Base Year Value (2021) US$ 5 Billion
Expected Market Value (2022) US$ 5.3 Billion
Anticipated Forecast Value (2032) US$ 8.8 Billion
Projected Growth Rate (2022-2032) 5.2% CAGR

It is obtained from ion-adsorption clay ores of southern China. Dysprosium is a naturally occurring element which consists of seven isotopes among which 164Dy is the most abundant.

It is has a metallic, bright silver luster and soft enough which can be cut with knife. Physical characteristics of dysprosium can be affected by very small amount of impurities.

Dysprosium has the highest magnetic strength among other elements. In addition, holmium has the same magnetic strength as that of dysprosium.

Production of dysprosium is done primarily from monazite sand which is a mixture of various phosphates. The applications of dysprosium include manufacture of laser materials, commercial lightning, studying chemical reactions, used in neutron absorbing rods in nuclear reactors and are widely used in various data storage applications that include hard disks.

Impact of COVID-19 on Dysprosium Market

The pandemic has placed an enormous strain on the chemicals & materials industry including its workforce, supply-chain, infrastructure, and market players. The first wave of COVID-19 that hit the regions across the globe, compelled the chemicals & materials industry to adapt and develop its infrastructure and innovate in a short period of time. Against this backdrop, FMI tracks the changes, improvement, profits and losses in the industry among the existing players as well as the new entrants within the industry.

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The FMI’s recently published report presents detailed insights into the impact of COVID-19 on the Dysprosium market and innovative strategies adopted by the market players to tackle the challenges encountered due to the pandemic.

The key drivers for the growth of dysprosium market include the demand from automobile manufacturing companies owing to large demand of dysprosium for manufacture of batteries which consume several pounds of rare earth elements. Moreover, dysprosium is also employed in manufacture of neodymium-iron-boron high permanent magnets which is injected into joints to treat rheumatoid arthritis.

Hence, large demand from the healthcare sector is also expected to fuel the demand of dysprosium in the market. Asia Pacific is said to be the greatest consumer of dysprosium owing to dominant producer of rare earth elements.

The key players in the dysprosium market are: Lynas (Australia), Arafura (Australia), Molycorp (California), Avalon (Canada), Greenland Minerals, Tasman Metals Ltd. and Quest Rare Minerals among others.

This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product types and distribution channels.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size & Forecast 2015 -2025
  • Supply & Demand Value Chain
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain
  • Market Drivers and Restraints

Request a Brochure to Obtain Authentic Analysis and Comprehensive Market [email protected] https://www.futuremarketinsights.com/reports/brochure/rep-gb-346

Dysprosium Market: Key Segmentation

Extensive study of the geographical regions offers detailed insights on the market performance across major regions along with descriptive info graphics, datasets, and list of tables.

Product Type:

  • Metal
  • Oxide
  • Acetate
  • Chloride
  • Others

Application:

  • Permanent Magnet
  • Laser Material
  • Commercial Lightning
  • Nuclear Reactor
  • Others

Report Scope

Report Attribute Details
Growth Rate CAGR of 5.2% from 2022 to 2032
Base Year for Estimation 2021
Historical Data 2015-2020
Forecast Period 2022-2032
Quantitative Units Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032
Report Coverage Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered
  • Product Type
  • Application
  • Region
Regions Covered
  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa
Key Countries Profiled
  • U.S
  • Canada
  • Brazil
  • Argentina
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa
Key Companies Profiled
  • Lynas (Australia)
  • Arafura (Australia)
  • Molycorp (California)
  • Avalon (Canada)
  • Greenland Minerals
  • Tasman Metals Ltd.
  • Quest Rare Minerals

Ask Us Your Questions About This Report – https://www.futuremarketinsights.com/ask-question/rep-gb-346

Why Buy FMI’s Report?

  • Extensive analysis on high growth niche markets across major regions
  • Detailed assessment on key segments and sub-segments
  • Recent and upcoming strategies tracked of manufacturers for the Dysprosium market
  • Reliable information on new product launches, technological advancements, and more
  • Valuable insights on the impact of regulatory framework on the global Dysprosium market

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About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The post Dysprosium Market forecasted to be valued at US$ 8.8 Billion from 2022 to 2032 appeared first on Future Market Insights.

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