Rhenium Metal Market Scope
Rhenium is a silvery-white, steel element. Rhenium is one of the rarest factors in Earth's continental crust; its estimated common crustal abundance is much less than 1 section per billion. Rhenium (Re) is one of the rarest factors on the earth’s crust with the atomic wide variety seventy five it is utilized as an additive tungsten and molybdenum-based alloy to supply beneficial characteristics. Rhenium catalysts are exceptionally resistant to poisons, such as nitrogen oxides, sulfur, and phosphorus, and are utilized for the hydrogenation of great chemical substances. In addition, rhenium is utilized in nickel combos to make single-gem turbine blades. It is commonly utilized as fibers for mass spectrographs. It is additionally utilized as an electrical contact material. These alloys are utilized for oven filaments, x-ray machines, and as an electrical contact cloth as it opposes put on and withstands arc corrosion. It possesses houses such as excessive strength, exact ductility, bloodless working, and others.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | KGHM (Poland), Molymet S.A. (Chile), American Elements (United States), H Cross Company (United States), Ultramet (United States), Canon Muskegon (United States), China Rhenium Co., Ltd. (China), Rhenium Alloys, Inc. (United States), Freeport-McMoRan (United States) and KAZ Minerals PLC (United Kingdom) |
CAGR | % |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Rhenium Metal market throughout the predicted period.
KGHM (Poland), Molymet S.A. (Chile), American Elements (United States), H Cross Company (United States), Ultramet (United States), Canon Muskegon (United States), China Rhenium Co., Ltd. (China), Rhenium Alloys, Inc. (United States), Freeport-McMoRan (United States) and KAZ Minerals PLC (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are LS-Nikko Copper Inc. (South Korea), Jiangxi Copper Corporation (China) and Codelco (Chile).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Rhenium Metal market by Type , by Application (Super Alloys, Catalysts and Others) and Region with country level break-up.
On the basis of geography, the market of Rhenium Metal has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2021.
In 2020, the United States authorities proposed an airforce price range of USD 165.6 billion for 2020. It registered extend of 6%, as in contrast to the airforce spending in 2019. In 2019, the United States had the greatest protection budget, with a spending of USD 684.6 billion.
Rhenium Metal Market Dynamics:
Attributes | Details |
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Key Restraints | - Side Effects Occur Such As Skin Irritations, Irritation of the Digestive Tract, Inhalation
- Growing Usage of Substitutes
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Challenges | - Identify Suitable Processes To Recover The Rhenium With A High Recovery
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Market Opportunities | - Increasing Demand from Biomedical Applications
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