Gadolinium is a rare earth metal, silvery white, ductile and malleable. Gadolinium is employed in various application segments including electronics, medical equipment, imaging agents and nuclear reactors among others. Being a rare earth metal, the price of gadolinium have increased many folds over the years and the trend is expected to continue in the near future. Gadolinium, a silvery-white rare earth metal, possesses unique properties that make it valuable in various applications. Its high magnetic susceptibility and ability to absorb neutrons make it an essential component in magnetic resonance imaging (MRI) systems and nuclear reactors, respectively. Gadolinium compounds are also utilized in fluorescent lamps, computer memory, and catalysts. Moreover, this element exhibits exceptional paramagnetic behavior, rendering it useful in contrast agents for medical diagnostics. With its versatile applications across industries, Gadolinium continues to contribute to advancements in technology, healthcare, and scientific research.
The rising economies in Asia Pacific are likely to offer lucrative opportunities for growth. Global Gadolinium market demand is anticipated to be valued at US$ 5.3 Billion in 2022, forecast to grow at a CAGR of 5.2%to be valued at US$ 8.8 Billion from 2022 to 2032.
The key growth drivers of the gadolinium market globally include technical advancements leading to increasing demand, rising demand from the healthcare industry, and increased use of colour televisions. Additionally, expanding uses for gadolinium and developing economies like China, India, and others would open up new opportunities for the gadolinium market.
Experience Exponential Growth: Secure Your Sample Report and Dominate the Gadolinium Market! https://www.futuremarketinsights.com/reports/sample/rep-gb-373
Superior metallurgic characteristics and high efficiency have been the major factors driving growth for gadolinium market. Small amount of gadolinium improves the temperature resistance and efficiency of metals such as iron. Gadolinium has been gaining acceptance in the medical equipment and nuclear applications. Therefore, growing demand for nuclear energy and medical equipment has been a major driver for the industry. Price of gadolinium has been increasing over the years which have been a major factor restraining market growth. Research and development activities to increase the application scope of gadolinium are expected to offer huge growth opportunity in the market.
Increasing demand for nuclear energy mainly in the Asian countries of China, Japan is expected to drive the demand for gadolinium in the region. With increasing threat of energy crisis several developing economies have increased their investments in the nuclear energy segment. Emerging geographical segments such as India, Pakistan and other developing economies in the Asia Pacific region is expected to offer huger growth opportunity in the region. Increasing shift of demand towards the renewable sources of energy mainly in the developed economies of North America and Europe is anticipated to slow the market growth in the region.
Competitive Landscape
Major industry participants in the gadolinium market include
- Goodfellow Corpration
- GFS Chemicals, Inc.
- All-Chemie, Ltd
- Pascal Technologies, Inc.
- Fredericksburg
- VA Alfa Chemical Corpation
- Molycorp
- Super Conductor Materials, Inc.
- Inorganic Ventures
- Molycorp Corporation
This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product types and distribution channels.
Are you looking for deep information related to the latest trends, drivers, and challenges? Speak to Our Analyst: https://www.futuremarketinsights.com/ask-question/rep-gb-373
Key Segments Profiled in the Gadolinium Industry Survey
Type:
- Gadolinium Acetate
- Gadolinium Acetylacetonate
- Gadolinium Oxide
- Gadolinium Nitrate
- Gadolinium Chloride
- Others
Application:
- Electronics
- Medical Equipment
- Imaging Agents
- Nuclear Reactors
- Others
Region:
- North America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan
- Japan
- Latin America
- Middle East & Africa
About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
LinkedIn| Twitter| Blogs
