Europium Market Size Forecast to Reach $303 Million by 2025
Increase in Demand for Electronics Products and Stringent Governments Regulations Driving the Growth of Europium Market
BriefingWire.com, 3/03/2021 - Europium Marketwww.your-website.com size is forecast to reach $303 million by 2025, after growing at a CAGR of 4.8% during 2020-2025. With the growing use of the europium metal, oxides, and compounds for the manufacture of phosphors used in consumer electronics, the Europium market is witnessing an increase in demand. Growing public interest in electronics products will further enhance the overall market demand for Europium during the forecast period.
Key Takeaways
Asia-Pacific dominates the Europium market owing to increasing demand from applications such as glass polishing, ceramic among others.