According to our (Global Info Research) latest study, the global Lutetium Oxide market size was valued at US$ 156 million in 2025 and is forecast to a readjusted size of US$ 267 million by 2032 with a CAGR of 8.0% during review period.
Lutetium oxide, a white solid, is a cubic compound of lutetium sometimes used in the preparation of specialty glasses. It is also called lutecia. It is a lanthanide oxide, also known as a rare earth. In 2024, global Lutetium Oxide production reached approximately 142 MT, with an average global market price of around US$ 1025 per KG.
The lutetium oxide (Lu₂O₃) market focuses on this rare earth compound, which is valued for its optical, electronic, and catalytic properties. Lutetium oxide is widely used in phosphors, lasers, scintillators, ceramics, and specialized catalysts due to its high density, thermal stability, and ability to enhance luminescent performance. One of the most important applications is in the medical imaging sector, where it is employed in scintillation detectors for PET (positron emission tomography) scanners, enabling higher-resolution imaging. Additionally, it serves a role in high-refractive-index glass, optical materials, and advanced ceramics, making it a key input in industries such as aerospace, electronics, and defense.
The market is primarily driven by the rising demand for advanced medical technologies, optoelectronic devices, and high-performance catalysts, as well as research into next-generation lasers and nuclear materials. However, the supply chain is highly constrained, as lutetium is among the scarcest rare earth elements, with production concentrated in China and a few other countries. This creates challenges related to cost, availability, and geopolitical risks. Despite these limitations, technological advances and increased investments in rare earth processing are expected to gradually stabilize supply. As industries pursue miniaturization, higher efficiency, and precision technologies, the demand for lutetium oxide is projected to rise steadily, though constrained by limited resource availability and high extraction costs.
This report is a detailed and comprehensive analysis for global Lutetium Oxide market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Lutetium Oxide market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2021-2032
Global Lutetium Oxide market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2021-2032
Global Lutetium Oxide market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2021-2032
Global Lutetium Oxide market shares of main players, shipments in revenue ($ Million), sales quantity (K MT), and ASP (USD/MT), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Lutetium Oxide
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Lutetium Oxide market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Treibacher, China Minmetals Rare Earth, Longyi Heavy Rare-Earth, Ganzhou Rare Earth Mineral Industry, Ganzhou Qiandong Rare Earth Group, Chenguang Rare Earth, Jiangyin Jiahua Advanced Material Resouces, Jiangsu Guosheng Rare-earth, Gansu Rare Earth New Material, Yongxing Chemical Industry, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Lutetium Oxide market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
3N
4N
4.5N
Others
Market segment by Feature
Nanoscale Lutetium Ooxide
General-purpose Lutetium Ooxide
Market segment by Channel
Direct Selling
Distribution
Market segment by Application
Glass and Ceramics
Laser Crystals
Catalyst
Alloy and Permanent Magnet Material
Optical Dopant and Phosphors
Others
Major players covered
Treibacher
China Minmetals Rare Earth
Longyi Heavy Rare-Earth
Ganzhou Rare Earth Mineral Industry
Ganzhou Qiandong Rare Earth Group
Chenguang Rare Earth
Jiangyin Jiahua Advanced Material Resouces
Jiangsu Guosheng Rare-earth
Gansu Rare Earth New Material
Yongxing Chemical Industry
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Lutetium Oxide product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Lutetium Oxide, with price, sales quantity, revenue, and global market share of Lutetium Oxide from 2021 to 2026.
Chapter 3, the Lutetium Oxide competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Lutetium Oxide breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and Lutetium Oxide market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Lutetium Oxide.
Chapter 14 and 15, to describe Lutetium Oxide sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Lutetium Oxide. Industry analysis & Market Report on Lutetium Oxide is a syndicated market report, published as Global Lutetium Oxide Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of Lutetium Oxide market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.