Global Lanthanum Market Outlook Report 2021-2026: Approx 10 KG of Lanthanum in the Form of Trivalent Lanthanides is Used in the Making of a Single Hybrid Electric Car - ResearchAndMarkets.com

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DUBLIN, October 18, 2021--(BUSINESS WIRE)--The "Global Lanthanum Market Outlook to 2026" report has been added to ResearchAndMarkets.com's offering.

The global lanthanum market is expected to witness growth at a considerable rate during the forecast period.

Lanthanum, a metal that's soft enough to be cut with a butter-knife, is a silvery-white ductile, malleable metal of the lanthanide series of elements. About 10 kg of lanthanum in the form of trivalent lanthanides is used up in making a single hybrid electric car. Like most rare earth elements, the metal is not really all that rare, just tough to isolate. Lanthanum's abundance is about 32 parts per million in the Earth's crust.

The major factor responsible for the global lanthanum market's growth would be the increasing demand for lanthanum compounds in electronics, hybrid vehicle manufacturing, and the automotive industry. Lanthanum is also widely used in making FCC catalysts employed in the production of high octane gasoline that "burns"slowly, increasing the fuel efficiency. I

t has a wide range of applications in hydrogen storage, fiber optics, phosphor lamp coatings, cigar lighters, cathode materials and vacuum tubes making, and lenses for cameras and telescopes. The ion La3+ is used as a biological tracer for Ca2+, and radioactive lanthanum has been tested for use in cancer treatment. However, government policies and regulations, Mining restrictions, environmental risks involving production, depleting reserves, along with lanthanum products' toxicology, restrain the global lanthanum market's growth.

Asia-Pacific dominated the global lanthanum market due to the availability of raw materials. The market is very competitive due to the presence of a large number of lanthanum metal processing facilities. The number of end-user industries with lanthanum applications is also high in the region. China and Japan are the key players in the lanthanum market in Asia-Pacific. However, North America's decreasing dependency on Chinese exports is likely to make North American market grow faster.

The global lanthanum market is fragmented. Major players in the market were found to be Avalon Advanced Materials, Merck KGaA, Cathay Advanced Materials, Beijing Cerametek Materials, and Metall Rare Earth, among others.

The Haber-Bosch process is a method used since the beginning of the 20th century to produce Ammonia, a chemical of immense importance to several industries. While the current approach involves the use of ruthenium, an expensive and scarce metal, as a catalyst to trigger the necessary reactions, Prof Hideo Hosono and colleagues from Tokyo Institute of Technology (Tokyo Tech), Japan, have recently developed a new strategy to produce Ammonia using lanthanum in combination with Nickel in July 2020. Lanthanum is relatively cheaper and much more abundant when compared to ruthenium.

Rare earth producer Lynas Corp has identified more light and heavy rare earth at depths previously not investigated below the main orebody at its Mt Weld mine in Western Australia. The company being the world's only significant producer of rare earth outside China, produces neodymium, praseodymium, lanthanum, cerium, and mixed heavy rare earth.

Key Topics Covered:

1. Executive Summary

2. Research Scope and Methodology

2.1 Aim & Objective of the study

2.2 Market Definition

2.3 Study Information

2.4 General Study Assumptions

2.5 Research Phases

3. Market Analysis

3.1 Introduction

3.2 Market Dynamics

3.3 Market Trends & Developments

3.4 Market Opportunities

3.5 Feedstock Analysis

3.6 Regulatory Policies

3.7 Analysis of Covid-19 Impact

4. Industry Analysis

4.1 Supply Chain Analysis

4.2 Porter's Five Forces Analysis

4.2.1 Competition in the Industry

4.2.2 Potential of New Entrants into the Industry

4.2.3 Bargaining Power of Suppliers

4.2.4 Bargaining Power of Consumers

4.2.5 Threat of substitute products

5. Market Segmentation & Forecast

5.1 By Type

5.1.1 Metal

5.1.2 Compounds

5.1.2.1 Lanthanum Oxide

5.1.2.2 Lanthanum Chloride

5.1.2.3 Lanthanum Boride

5.1.2.4 Lanthanum Acetate

5.1.2.5 Lanthanum Carbonate

5.1.2.6 Others

5.1.3 Alloys

5.2 By Application

5.2.1 Filament Glass Coatings

5.2.2 Fluidic Catalytic Cracking (FCC) Catalysts

5.2.3 Hydrogen Storage

5.2.4 Battery and Non-Battery Alloys

5.2.5 Electrical and Electronics

5.2.5 Others

6. Regional Market Analysis

6.1 North America

6.1.1 United States of America

6.1.2 Canada

6.1.3 Mexico

6.2 Europe

6.2.1 UK

6.2.2 Germany

6.2.3 France

6.2.4 Italy

6.2.5 Spain

6.2.6 Russia

6.2.7 Rest of Europe

6.3 Asia-Pacific

6.3.1 China

6.3.2 South Korea

6.3.3 Japan

6.3.4 India

6.3.5 ASEAN countries

6.3.6 Rest of Asia-Pacific

6.4 South America

6.4.1 Brazil

6.4.2 Argentina

6.4.3 Rest of South America

6.5 Middle East & Africa

6.5.1 Saudi Arabia

6.5.2 South Africa

6.5.3 Rest of Middle East & Africa

7. Key Company Profiles

7.1 ALB Materials

7.2 American Elements

7.3 Avalon Advanced Materials

7.4 Beijing Cerametek Materials

7.5 Blue Line Corporation

7.6 Cathay Advanced Materials

7.7 Haihang Industry

7.8 HEFA Rare Earth Canada

7.9 Less Common Metals

7.10 Lynas Corporation

7.11 Merck KGaA

7.12 Metall Rare Earth

7.13 Mil-Spec Industries

7.14 Noah Technologies

7.15 Polaris Rare Earth Materials

7.16 ProChem

7.17 Sigma-Aldrich

7.18 Spectrum Chemical Manufacturing Corporation

7.19 Stanford Advanced Materials

7.20 Strem Chemicals

7.21 Super Conductor Materials

8. Competitive Landscape

8.1 List of Notable Players in the Market

8.2 M&A, JV, and Agreements

8.3 Market Share Analysis

8.4 Strategies of Key Players

9. Conclusions and Recommendations

For more information about this report visit https://www.researchandmarkets.com/r/cgicl8

View source version on businesswire.com: https://www.businesswire.com/news/home/20211018005667/en/

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