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.
| Scope | Yttrium oxide, metal and compounds sold to ceramics, phosphor, coating, alloy and electronics producers, including material for stabilised zirconia and thermal barrier coatings. |
|---|---|
| Industry | Chemicals and Materials |
| Value 2025 | USD 180 mn |
| Value 2026 | USD 194 mn |
| Value 2036 | USD 382 mn |
| CAGR 2026-2036 | 7.0% |
| Volume 2026 | 11,534 tonnes |
| Volume 2036 | 16,883 tonnes |
| Average price 2026 | USD 16,850 per tonne |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Yttrium market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 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 |
Yttrium market segmentation
By form
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Yttrium oxide | 82.0% | 82.1% | USD 159 mn | 7.0% |
| Yttrium metal and alloys | 8.0% | 8.4% | USD 16 mn | 7.5% |
| Yttrium compounds | 10.0% | 9.5% | USD 19 mn | 6.5% |
By application
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Ceramics and zirconia | 38.0% | 38.5% | USD 74 mn | 7.2% |
| Phosphors and lighting | 18.0% | 12.5% | USD 35 mn | 3.1% |
| Coatings and aerospace | 20.0% | 25.6% | USD 39 mn | 9.7% |
| Electronics and lasers | 14.0% | 14.2% | USD 27 mn | 7.2% |
| Other uses | 10.0% | 9.2% | USD 19 mn | 6.2% |
By purity
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Standard (99.9%) | 36.0% | 32.0% | USD 70 mn | 5.8% |
| High (99.99%) | 38.0% | 38.0% | USD 74 mn | 7.0% |
| Ultra-high (99.999%) | 26.0% | 30.0% | USD 51 mn | 8.5% |
By supply source
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Ionic clay | 54.0% | 52.0% | USD 105 mn | 6.6% |
| Bastnasite | 22.0% | 22.0% | USD 43 mn | 7.0% |
| Recycled | 24.0% | 26.0% | USD 47 mn | 7.9% |
By customer type
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Ceramics | 36.0% | 34.0% | USD 70 mn | 6.4% |
| Lighting | 24.0% | 22.0% | USD 47 mn | 6.1% |
| Coating | 22.0% | 24.0% | USD 43 mn | 7.9% |
| Electronics | 18.0% | 20.0% | USD 35 mn | 8.1% |
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%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | China | USD 78 mn | 40.0% | USD 156 mn | 7.2% |
| 2 | United States | USD 29 mn | 15.0% | USD 61 mn | 7.7% |
| 3 | Japan | USD 21 mn | 11.0% | USD 37 mn | 5.7% |
| 4 | Germany | USD 12 mn | 6.0% | USD 21 mn | 6.3% |
| 5 | South Korea | USD 12 mn | 6.0% | USD 22 mn | 6.6% |
| 6 | India | USD 5.8 mn | 3.0% | USD 14 mn | 9.3% |
| 7 | France | USD 5.8 mn | 3.0% | USD 11 mn | 6.3% |
| 8 | Taiwan | USD 5.8 mn | 3.0% | USD 11 mn | 6.6% |
| 9 | United Kingdom | USD 4.9 mn | 2.5% | USD 9.2 mn | 6.6% |
| 10 | Italy | USD 3.9 mn | 2.0% | USD 7.3 mn | 6.5% |
| 11 | Canada | USD 2.1 mn | 1.1% | USD 4.2 mn | 7.3% |
| 12 | Netherlands | USD 1.8 mn | 0.9% | USD 3.6 mn | 7.3% |
| 13 | Poland | USD 1.5 mn | 0.8% | USD 3.1 mn | 7.3% |
| 14 | Vietnam | USD 1.3 mn | 0.7% | USD 2.6 mn | 7.2% |
| 15 | Israel | USD 1.1 mn | 0.6% | USD 2.3 mn | 7.4% |
| 16 | Austria | USD 0.97 mn | 0.5% | USD 1.9 mn | 7.2% |
| 17 | Mexico | USD 0.84 mn | 0.4% | USD 1.7 mn | 7.2% |
| 18 | Czech Republic | USD 0.72 mn | 0.4% | USD 1.4 mn | 7.3% |
| 19 | Thailand | USD 0.62 mn | 0.3% | USD 1.3 mn | 7.3% |
| 20 | Malaysia | USD 0.52 mn | 0.3% | USD 1.1 mn | 7.4% |
| 21 | Spain | USD 0.47 mn | 0.2% | USD 0.92 mn | 7.0% |
| 22 | Brazil | USD 0.39 mn | 0.2% | USD 0.80 mn | 7.5% |
| 23 | Australia | USD 0.33 mn | 0.2% | USD 0.69 mn | 7.6% |
| 24 | Sweden | USD 0.29 mn | 0.1% | USD 0.57 mn | 7.0% |
| 25 | Turkey | USD 0.25 mn | 0.1% | USD 0.50 mn | 7.0% |
| Rest of world | USD 3.3 mn | 1.7% | USD 5.8 mn | 5.8% |
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.
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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