Rubidium Market: Global Industry analysis and Forecast (2024-2030) by Grade segment, Application and Region

Rubidium Market Overview:

Rubidium is a silver-white soft metal that belongs to the alkali metal family. It has the atomic number 37 and is symbolised by the symbol Rb. Pure Rubidium, like the other alkali metals (Lithium, Sodium, Potassium, and Caesium), is highly reactive and would combust if exposed to water or oxygen. It has a melting point of 39 degrees Celsius. As a result, it's most commonly found in rubidium oxide or rubidium carbonate.

 

Rubidium is not widely employed in battery technologies at the moment. Small quantities of rubidium and caesium have been found to increase the performance of sodium-ion batteries if they were to take market share from lithium-ion batteries in the future. Rubidium carbonate is used in a variety of industries, including specialty glasses, fibre optic cables, telecommunications systems, including GPS systems, and night vision devices. Medical devices and atomic clocks are two further applications. Rubidium is used in quantum computing.

 

Rubidium is most commonly found in lepidolite, however it can also be found in pollucite or zinnwaldite in hard rock pegmatites. The extraction procedure can be comparable to that of caesium. International Lithium Corp's Raleigh Lake pegmatite resources in Ontario, Canada, are rich in rubidium oxide. Canada has historically been the world's leading producer of rubidium, with the largest reserves considered to be in Southern Africa and Canada. Rubidium is also found in the United States, Russia, and Afghanistan. Some brines have minor quantities of lithium, although on a considerably smaller scale.

 

In 2019, the market price of 99.75 percent rubidium carbonate, the most extensively used rubidium compound, was around US$ 57 per gramme (around US$ 5,700 per kilogramme). This is hundreds of times more expensive than the price of lithium or potassium carbonate.

 

 

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Rubidium Market Dynamics:

The rise of biomedical research applications is the key driver driving the rubidium market. Other rubidium-based goods include photovoltaic cells, atomic resonance-frequency-reference oscillators, and fireworks, which all contribute to the market's growth. However, the rubidium market's growth is hampered by high costs and storage-related safety concerns. COVID-19 had a detrimental impact on the rubidium market in 2020. The pandemic had a negative impact on biomedical research, slowing new biopharmaceutical technology breakthroughs. The closure of many laboratories, restricted or lost access to facilities and equipment, cancellation of scientific and technical conferences, supply chain disruptions, problems acquiring new equipment, and delayed or uncertain graduation schedules and career prospects for trainees and early career scientists all resulted in significant delays and losses, which harmed rubidium because it is used in the biomedical field. The expansion of biomedical research applications is the primary driver driving the market's growth. On the other hand, the COVID-19 pandemic is predicted to have a significant influence on the market under consideration. Rubidium is most commonly used in specialised glasses. It's used to make rubidium carbonate, which has a variety of qualities such as electrical conductivity. Due to the large-scale manufacturing in the region, North America is likely to be the main market for rubidium.

 

The key factors driving the global rubidium industry growth is the diversified applications of rubidium. Rubidium is most commonly utilized in the production of specialty glasses. It's also used to make superoxide, investigate potassium ion channels in biology, and in atomic magnetometers as a vapour. Fiber optic telecommunication networks and night-vision gadgets both use it. It's also used to make rubidium carbonate, a substance with a variety of properties, including electrical conductivity. During the forecast period, the global rubidium market is likely to be driven by an increase in demand for specialised glasses in different sectors and applications, such as the electronics industry, sealing applications, and battery sealing applications.

 

In the near future, the rise in demand for rubidium in biomedical research and electronics is likely to generate considerable prospects for the rubidium market. The photo emissive qualities of rubidium make it excellent for electrical signal generators in motion-sensor devices, night vision devices, photoelectric cells (solar panels), and photomultiplier tubes. Photocathodes of photomultiplier tubes, which are employed in radiation detection devices and medical imaging equipment, are usually coated with rubidium-caesium-antimony.

 

The high cost of rubidium is a major impediment to the growth of the global rubidium market. Its scarcity is due in part to the fact that few applications require or utilise rubidium as a key raw element. It possesses a single additional electron in its outer shell, allowing it to pair up with practically any other element and form a particularly strong connection. The market price for 10 grammes of 99.75 percent Rb2CO3, the most commonly used rubidium compound, is roughly USD 57. (i.e., USD 5,700 per kilogram). When compared to the price of lithium or potassium carbonate, this is believed to be significantly greater. Such factors are projected to pose a significant obstacle to the market's growth in the coming years.

 

Rubidium Market Segment Analysis:

By Grade Segment, The Rubidium Market is segmented into Technical grade metal and High-purity grade on the basis of grade segment.

During the forecast period, the technical grade metal segment is expected to account for the majority of the market. This can be attributed to an increase in demand for technical grade metal, which is used in photocells, vacuum tubes to eliminate traces of oxygen, and particular types of glass. It's also employed in vacuum tubes as a getter, a substance that mixes with and eliminates trace gases.

 

During the forecast period, the high-purity grade segment is expected to trail the technical grade metal segment. Rubidium can be used in a variety of medical purposes. Rubidium chloride (RbCl) and a variety of other rubidium salts are employed as density-gradient media in the ultra-centrifugal separation of viruses and nucleic acids DNA and RNA, and radioactive rubidium is utilised as a blood flow tracer. Soporifics and sedatives are made from rubidium salts. They're also used to help those with epilepsy. The global rubidium market is driven by a high demand for medicinal applications.

 

By Application, The Rubidium Market is segmented into Biomedical Research, Electronics, Specialty Glass, Pyrotechnics, and Other on the basis of Application.

Rubidium is utilized in fibre optics telecommunications systems and night-vision devices, and specialty glasses are the largest market for the metal. The carbonate (Rb2CO3) is added to certain types of glass to minimise electrical conductivity while also improving stability and durability. Rubidium carbonate is used to limit electrical conductivity in fibre optic telecommunications networks, which enhances stability and endurance. Photoelectric cells, which are utilized in a variety of electrical detection and activation devices, have a rubidium-tellurium photoemissive surface. It can detect a wide range of wavelengths, from the mid-ultraviolet to the visible and near-infrared. Rubidium carbonate is also used in night vision devices incorporated into glass lenses. Rubidium is utilised as a photocell component and as a getter in vacuum tubes. It's been utilised to make unique spectacles. As a result, specialty glass is likely to be the market's largest segment.

 

 

Rubidium Market Regional Insights:

The Rubidium Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa and South America on the basis of region.

In the United States, rubidium was mostly collected from salt lake brine, with Cabot being the leading business. Furthermore, Canada ranks first in the world for rubidium ore and rubidium salt production. The Bernie Lake mining area in Lake Manitoba, Canada, provides the raw materials used to make rubidium salt in the US and other nations. This area's ore is exported to a number of countries.

 

One of the first countries to generate and use rubidium was the United States. Rubidium is mostly used in the high-tech industry in the United States, with 80% used in the construction of high-tech and 20% used in traditional fields including electronic devices, special glass, and catalysts.

 

Due to the high speed of innovation, technological improvement, and R&D operations in the electronics business, there is a large need for newer and quicker electronic devices. Medical device firms in the United States are known around the world for their cutting-edge technology and inventive products. Microelectronics, telecommunications, instrumentation, and biotechnology are all fields where the United States has a competitive advantage in the medical device industry. The region is likely to lead the global rubidium market due to all of the aforementioned factors.

 

The objective of the report is to present a complete picture of global Rubidium market. Data from past years is compiled to anticipate the future prospects of this market. Porter's five forces help to identify where power lies in a business situation. This is useful both in understanding the strength of an organisation's current competitive position, and the strength of a position that an organisation may look to move into. The report helps in identifying competitive rivalry currently running in the Rubidium market. It also helps to understand bargaining power of suppliers and consumers.

 

 

The report also presents PESTLE analysis which helps to gain a macro picture of Rubidium market. Political factors help to identify the influence of government over Rubidium market. Economic factors a have direct impact on a company’s long-term prospects in a market. The economic environment may affect how a company dealing in Rubidium market price their products or influence the supply and demand model. Social factors, such as demographics and culture can impact the Rubidium market by influencing peak buying periods, purchasing habits, and lifestyle choices. Technological factors may have a direct or an indirect influence on an industry. The legal and regulatory environment can affect the policies and procedures of an industry, and can control employment, safety and regulations. Environmental factors include all those relating to the physical environment and to general environmental protection requirements. 

 

Rubidium market scope:

Rubidium Market
Market Size in 2023	USD 2.95 kilotons .
Market Size in 2030	USD 3.88 kilotons .
CAGR (2024-2030)	4.0%
Historic Data	2018-202122
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Grade Segment Technical grade metal High-purity grade
	by Application Biomedical Research Electronics Specialty Glass Pyrotechnics Other
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

Rubidium Market Key Players:

• American Elements (US)
• LANHIT (Russia)
• Ganfeng Lithium Co. Ltd. (China)
• International Lithium Corp. (Canada)
• Lepidico (Australia)
• Merck KGaA (Germany)
• Otto Chemie Pvt. Ltd. (India)
• Thermo Fisher Scientific Inc. (US)
• AccuBeat Ltd. (Israel)
• Excelitas Technologies Corp. (Canada)
• Lithium Australia (Australia)
• Inorganic Ventures (US)
• Montero Mining and Exploration (US)
• Jiangxi Special Electric Motor (China)
• Sinomine Resource Group Co. Ltd (China)