Lanthanum nitrate market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 5.60% in the forecast period of 2021 to 2028. The increase in demand for lanthanum nitrate from the water treatment sectors across the globe is escalating the growth of lanthanum nitrate market.
Lanthanum Nitrate refers to a rare earth chemical which is found in white or colourless crystal form having molecular formula “La (NO3)3 · 6H2O”. The product is highly soluble in water and could be a strong oxidizer. It has some hazardous traits such as decomposition of lanthanum (III) nitrate hexahydrate could emit toxic fumes and it is poisonous for aquatic life with long lasting effects if drained in water.
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The major players covered in the lanthanum nitrate market report are Star Earth Minerals Private Limited., Alpha Chemika., Career Henan Chemical Co. Ltd., Chemwill Asia co.,Ltd, Shanghai Danfan Network Science&Technology Co., Ltd., Zhejiang NetSun Co., Ltd., Alfa Aesar, Advanced Technology & Industrial Co., Ltd., Merck KGaA, Tokyo Chemical Industry Co., Ltd., VWR International, LLC., JIANGSU BAICHENG CHEMICAL TECHNOLOGY CO.,LTD., Avalon Advanced Materials Inc., Cathay Advanced Materials Limited, Chemamde, METALL RARE EARTH LIMITED, HEFA Rare Earth Canada Co. Ltd., Less Common Metals, Haihang Industry, Alkane Resources Ltd, ARAFURA RESOURCES, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Lanthanum Nitrate Market Scope and Market Size:
Lanthanum nitrate market is segmented on the basis of type, form, application and end users. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the lanthanum nitrate market is segmented into purity 98%, purity 99% and other.
- On the basis of form, the lanthanum nitrate market is segmented into liquid and powder.
- On the basis of application, the lanthanum nitrate market is segmented into solvent, intermediates, and reagent and other.
- On the basis of end users, the lanthanum nitrate market is segmented into chemical industry, water treatment and other.
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Global Lanthanum Nitrate Market Country Level Analysis:
Lanthanum nitrate market is analysed and market size, volume information is provided by country, type, form, application and end users as referenced above.
The countries covered in the lanthanum nitrate market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the lanthanum nitrate market due to the high availability of raw materials in the region. North America is expected to show significant growth in the forecast period of 2021-2028 because of the favourable market condition for production and exploration of rare earth oxides and decrease in the Chinese exports in the region.
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