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Yttrium Market Size, Share and Forecast 2026-2036

The global yttrium market is worth USD 194 mn in 2026 and is forecast to reach USD 382 mn by 2036, growing at a 7.0% CAGR. China is the largest country market and Yttrium oxide is the largest by form segment.

USD 194 mnMarket size 2026
USD 382 mnForecast 2036
7.0%CAGR 2026-2036
ChinaLargest country

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5 segmentation views25 countries2026 to 2036 yearly forecast

Market overview

The global yttrium market is worth USD 194 mn in 2026 and is forecast to reach USD 382 mn by 2036, growing at a 7.0% CAGR. China is the largest country market and Yttrium oxide is the largest by form segment.

ScopeYttrium oxide, metal and compounds sold to ceramics, phosphor, coating, alloy and electronics producers, including material for stabilised zirconia and thermal barrier coatings.
IndustryChemicals and Materials
Value 2025USD 180 mn
Value 2026USD 194 mn
Value 2036USD 382 mn
CAGR 2026-20367.0%
Volume 202611,534 tonnes
Volume 203616,883 tonnes
Average price 2026USD 16,850 per tonne
Report priceStarts from USD 1,999
PublishedNovember 2026

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Yttrium market size and forecast, 2026-2036

Exhibit 1The global yttrium market is forecast to grow from USD 194 mn in 2026 to USD 382 mn by 2036, a rise of 97%Global market value in USD: 2025 base year, 2026 estimate and forecast to 2036. CAGR 2026 to 2036: 7.0%
Yttrium market value, 2025 to 2036Market value by year. 2025: USD 180 mn; 2026: USD 194 mn; 2027: USD 208 mn; 2028: USD 223 mn; 2029: USD 238 mn; 2030: USD 255 mn; 2031: USD 273 mn; 2032: USD 292 mn; 2033: USD 312 mn; 2034: USD 334 mn; 2035: USD 357 mn; 2036: USD 382 mn. Compound annual growth rate 2026 to 2036: 7.0%.2025194 mn2026273 mn2031382 mn20367.0% CAGR

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

YearMarket value
2026USD 194 mn
2027USD 208 mn
2028USD 223 mn
2029USD 238 mn
2030USD 255 mn
2031USD 273 mn
2032USD 292 mn
2033USD 312 mn
2034USD 334 mn
2035USD 357 mn
2036USD 382 mn

Yttrium market segmentation

By form

Exhibit 2Yttrium oxide is the largest segment by form, with 82.0% of 2026 revenueEstimated share of 2026 global revenue, by form
Yttrium market share by form, 2026Share of 2026 revenue by form. Yttrium oxide: 82.0%; Yttrium compounds: 10.0%; Yttrium metal and alloys: 8.0%.Yttrium oxide82.0%Yttrium compounds10.0%Yttrium metal and alloys8.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Yttrium oxide82.0%82.1%USD 159 mn7.0%
Yttrium metal and alloys8.0%8.4%USD 16 mn7.5%
Yttrium compounds10.0%9.5%USD 19 mn6.5%

By application

Exhibit 3Ceramics and zirconia adds the most revenue by application, growing from USD 74 mn in 2026 to USD 147 mn by 2036Estimated revenue in USD by application, 2026 and 2036 forecast
Yttrium market by application, 2026 and 2036Revenue by application in 2026 and 2036. Ceramics and zirconia: USD 74 mn in 2026, USD 147 mn in 2036, change +100%; Coatings and aerospace: USD 39 mn in 2026, USD 98 mn in 2036, change +151%; Electronics and lasers: USD 27 mn in 2026, USD 54 mn in 2036, change +99%; Phosphors and lighting: USD 35 mn in 2026, USD 48 mn in 2036, change +36%; Other uses: USD 19 mn in 2026, USD 35 mn in 2036, change +82%.20262036 forecastChangeCeramics and zirconia+100%74 mn147 mnCoatings and aerospace+151%39 mn98 mnElectronics and lasers+99%27 mn54 mnPhosphors and lighting+36%35 mn48 mnOther uses+82%19 mn35 mn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Ceramics and zirconia38.0%38.5%USD 74 mn7.2%
Phosphors and lighting18.0%12.5%USD 35 mn3.1%
Coatings and aerospace20.0%25.6%USD 39 mn9.7%
Electronics and lasers14.0%14.2%USD 27 mn7.2%
Other uses10.0%9.2%USD 19 mn6.2%

By purity

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Standard (99.9%)36.0%32.0%USD 70 mn5.8%
High (99.99%)38.0%38.0%USD 74 mn7.0%
Ultra-high (99.999%)26.0%30.0%USD 51 mn8.5%

By supply source

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Ionic clay54.0%52.0%USD 105 mn6.6%
Bastnasite22.0%22.0%USD 43 mn7.0%
Recycled24.0%26.0%USD 47 mn7.9%

By customer type

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Ceramics36.0%34.0%USD 70 mn6.4%
Lighting24.0%22.0%USD 47 mn6.1%
Coating22.0%24.0%USD 43 mn7.9%
Electronics18.0%20.0%USD 35 mn8.1%

Top 25 countries for yttrium by revenue

Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 91.5% of 2026 revenue and the 25 countries below together hold 98.3%.

Exhibit 4China is the largest country market at USD 78 mn in 2026, and the three largest countries hold 66.0% of global revenueEstimated 2026 revenue in USD and share of the global market, ten largest countries
Yttrium market, ten largest countries in 2026Ten largest countries by 2026 revenue. China: USD 78 mn, 40.0%; United States: USD 29 mn, 15.0%; Japan: USD 21 mn, 11.0%; Germany: USD 12 mn, 6.0%; South Korea: USD 12 mn, 6.0%; India: USD 5.8 mn, 3.0%; France: USD 5.8 mn, 3.0%; Taiwan: USD 5.8 mn, 3.0%; United Kingdom: USD 4.9 mn, 2.5%; Italy: USD 3.9 mn, 2.0%.China78 mn 40.0%United States29 mn 15.0%Japan21 mn 11.0%Germany12 mn 6.0%South Korea12 mn 6.0%India5.8 mn 3.0%France5.8 mn 3.0%Taiwan5.8 mn 3.0%United Kingdom4.9 mn 2.5%Italy3.9 mn 2.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

#CountryValue 2026Share 2026Value 2036CAGR 2026-36
1ChinaUSD 78 mn40.0%USD 156 mn7.2%
2United StatesUSD 29 mn15.0%USD 61 mn7.7%
3JapanUSD 21 mn11.0%USD 37 mn5.7%
4GermanyUSD 12 mn6.0%USD 21 mn6.3%
5South KoreaUSD 12 mn6.0%USD 22 mn6.6%
6IndiaUSD 5.8 mn3.0%USD 14 mn9.3%
7FranceUSD 5.8 mn3.0%USD 11 mn6.3%
8TaiwanUSD 5.8 mn3.0%USD 11 mn6.6%
9United KingdomUSD 4.9 mn2.5%USD 9.2 mn6.6%
10ItalyUSD 3.9 mn2.0%USD 7.3 mn6.5%
11CanadaUSD 2.1 mn1.1%USD 4.2 mn7.3%
12NetherlandsUSD 1.8 mn0.9%USD 3.6 mn7.3%
13PolandUSD 1.5 mn0.8%USD 3.1 mn7.3%
14VietnamUSD 1.3 mn0.7%USD 2.6 mn7.2%
15IsraelUSD 1.1 mn0.6%USD 2.3 mn7.4%
16AustriaUSD 0.97 mn0.5%USD 1.9 mn7.2%
17MexicoUSD 0.84 mn0.4%USD 1.7 mn7.2%
18Czech RepublicUSD 0.72 mn0.4%USD 1.4 mn7.3%
19ThailandUSD 0.62 mn0.3%USD 1.3 mn7.3%
20MalaysiaUSD 0.52 mn0.3%USD 1.1 mn7.4%
21SpainUSD 0.47 mn0.2%USD 0.92 mn7.0%
22BrazilUSD 0.39 mn0.2%USD 0.80 mn7.5%
23AustraliaUSD 0.33 mn0.2%USD 0.69 mn7.6%
24SwedenUSD 0.29 mn0.1%USD 0.57 mn7.0%
25TurkeyUSD 0.25 mn0.1%USD 0.50 mn7.0%
Rest of worldUSD 3.3 mn1.7%USD 5.8 mn5.8%
Exhibit 5China and United States account for 58% of the USD 188 mn the market is forecast to add by 2036Forecast revenue added between 2026 and 2036 by country, in USD
Yttrium market, where the growth to 2036 comes fromRevenue added between 2026 and 2036. Market value 2026: USD 194 mn. China: +USD 78 mn; United States: +USD 32 mn; Japan: +USD 16 mn; South Korea: +USD 11 mn; Germany: +USD 9.8 mn; 20 other countries: +USD 40 mn; Rest of world: +USD 2.5 mn. Market value 2036: USD 382 mn.Market value 2026194 mnChina+78 mnUnited States+32 mnJapan+16 mnSouth Korea+11 mnGermany+9.8 mn20 other countries+40 mnRest of world+2.5 mnMarket value 2036382 mn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

Competitive landscape

Group 1: Global leaders

  • China Northern Rare Earth
  • China Rare Earth Group
  • Solvay
  • Neo Performance Materials
  • Xiamen Tungsten

Group 2: Regional and specialist players

  • Shin-Etsu Chemical
  • Treibacher Industrie
  • Nippon Yttrium
  • Santoku Corporation
  • Materion
  • Tosoh

Group 3: Emerging and niche players

  • American Elements
  • Stanford Advanced Materials
  • Ionic Rare Earths

Research methodology

Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the yttrium market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.

The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 7.0% is calculated from the resulting values.

The market is divided by form, by application, by purity, by supply source, by customer type. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.

Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.

Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.

Read the full research methodology

Frequently asked questions

How big is the yttrium market?

The global yttrium market is estimated at USD 180 mn in 2025 and USD 194 mn in 2026.

How fast will the yttrium market grow?

It is forecast to reach USD 382 mn by 2036, a compound annual growth rate of 7.0% from 2026, an increase of USD 188 mn.

Which country is the largest market for yttrium?

China is the largest market by revenue at USD 78 mn in 2026, 40.0% of the global total. The three largest countries together hold 66.0%.

Which country is growing fastest?

Among the ten largest markets, India is growing fastest at 9.3% a year from 2026 to 2036.

Which yttrium segment is largest?

In the by form split, Yttrium oxide is the largest segment with 82.0% of 2026 revenue.

Who are the leading yttrium companies?

Global leaders include China Northern Rare Earth, China Rare Earth Group, Solvay, Neo Performance Materials.

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