Cesium Market Size, Share & Industry Analysis, By Grade (Technical, Pharmaceutical, Optical), By End-User Industry (Medical, Healthcare, Chemical, Oil & Gas, Other) and regional forecast 2023-2030

Region : Global | Report ID: FBI104889 | Status : Ongoing

KEY INDUSTRY INSIGHTS

Cesium (Cs) is chemical element classified as metal with atomic number 55.it is a soft silver-gold colored alkali metal with very low melting point as compared to other metals. It has chemical and physical properties similar to metals like rubidium and potassium. It is highly reactive, pyrophoric and is least electronegative metal. It is generally employed in various end-uses including petroleum exploration, electronics, chemical, medical and industrial sector.

Increasing demand for cesium and cesium compounds from multiple end-use sector is likely to fuel market growth. Increasing use of cesium as feedstock for wide range of compounds and derivatives shall positively impact market growth. Additionally, increasing adoption of cesium compounds for cancer treatment shall bolster the market growth.

However, radioactive nature of cesium isotopes can significantly have harmful effects on living organisms. This is expected to hinder market growth.

Key Market Driver -

Growing demand for cesium compounds from end-use sector.

Key Market Restraint -

Radioactive nature of certain isotopes.

Market Segmentation:

Based on grade the market is segmented into technical, pharmaceutical, and optical Based on end-user industry, market is segmented into medical, healthcare, chemical, oil & gas, and others.

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:

The global cesium market consists of global & regional players operating. Some of the key players in the market include, American Elements, Bat New Materials Co. Ltd., Frontier Lithium Inc, Pioneer Resources Ltd, ProChem Inc, Cabot Corp, Avalon Advanced Materials Inc, GFS Chemicals Inc., and others.

Key Insights

New Advancements in Production Technologies

Key Trends in the Cesium Market

New Product Launches, Expansions, Key Players

Ranking of Key Players in the Market

Regional Analysis:

The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America held key share in 2019 and is estimated to dominate the market. Additionally, increasing demand from oil & gas sector shall drive the regional growth. Increasing demand from Asia Pacific attributed to the large manufacturing base is expected to support growth. Europe is expected to show significant growth due to the increasing demand from healthcare and medical sector. Latin America and Middle East & Africa shall exhibit sluggish growth by the end of forecast period.

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Segmentation

ATTRIBUTES	DETAILS
By Grade	Technical Pharmaceutical Optical
By End-User Industry	Medical Healthcare Chemical Oil & Gas Other
By Geography	North America (U.S., and Canada) Europe (Germany, UK, France, Italy, and Rest of Europe) Asia Pacific (China, India, Japan, and Rest of Asia Pacific) Latin America (Mexico, Brazil, and Rest of Latin America) Middle East & Africa (UAE, South Africa, and Rest of Middle East & Africa)

Cesium Industry Developments

In January 2018, Pioneer Resources, a mining industry planned to mine cesium for the year 2018. The company planned a new drilling program final planning and scheduling for cesium deposit at Sinclair Project in western Australia.

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PUBLISHING STATUS: Ongoing
BASE YEAR: 2022
HISTORICAL DATA: 2019-2021

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