Lutetium Aluminum Garnet, or LuAG for short, is a solid state laser crystal that may not be as flashy as YAG but is more stable in the face of dopant ions. In addition, it is flaw free, allowing it to be incorporated into the more challenging components of an electronic device. This material is used in the production of high quality optical products such as semiconductors, optical filters, optical fibers, and LEDs. A few notable players in the LuAG market include American Elements, Stanford Advanced Materials, and TPI Technologies. They offer several standard grades as well as more exotic materials. You can find this gemstone at a price that won’t break the bank.
Other than the novelty of a phosphor in a crystal, the LuAG market also possesses an array of applications. These include semiconductors, telecommunications equipment, LEDs, optical fibers, and lasers. The market is expected to register a CAGR of % over the next six years. However, the market is highly fragmented and difficult to forecast. With the advent of a number of large-scale manufacturers, the competition is stiff. For instance, the Chinese company Dongsha is expected to account for a quarter of the global LuAG market in 2021. Likewise, the US market is home to the largest number of vendors. While the majority of the market is concentrated in the aforementioned regions, China, the Middle East, and North America are also hotspots for growth.
The Lutetium Aluminum Garnet (LuAG) is not a household name. The fact that it is a rare gem, coupled with its attractive and high-grade properties, makes it a desirable candidate for a wide range of applications.