Press release
Osmium Market Insights on Trends, Drivers and Opportunities by 2025 & key players - Ceimig Limited, American Elements, Reade International Corp and Cleantech.
Osmium Market was valued at USD xx Million in 2017 and projected to reach USD xx Million by 2025 growing at a CAGR of xx% during the forecast period 2018 to 2025.
Osmium Market Overview:
Osmium is obtained by extracting platinum metal from its minerals. It is found as an alloy with iridium. Physically, osmium is hard, fragile and bright. Its brightness is preserved even at high temperatures. Osmium is toxic in nature and undergoes a chemical reaction to form osmium tetroxide when exposed to air. Due to the osmium toxicity, there are many regulations on the use of this product. Osmium is used in the manufacture of alloys because it induces properties such as hardness and resistance to corrosion.
Browse details of 102 number of pages research report developed on Osmium Market @ https://www.researchcosmos.com/reports/global-osmium-market-research-report-2018/46409511
Osmium Market Growth Drivers and Restraints:
The chemical industry is demonstrating sustainable development throughout the world. It is expected that the growing use of osmium for innovative medical applications will increase the demand in the global market. Several research institutes use osmium for optical and electronic microscopy, fingerprint detection and adipose tissue staining, which has stimulated the market demand. Osmium-based alloys are used in the manufacture of implants and surgical instruments and are widely used in the chemical industry due to their volatile and highly oxidative nature. These osmium applications have had a positive influence on market demand. The price of osmium remains stagnant, which favors even more for the growth of the industry.
However, the toxic nature of osmium requires efficient storage facilities. This could hamper the growth of the market in future periods.
Some of the prominent applications of the global market include boom tip, instrumental pivot, electrical contact and others, such as gramophone, compass needles and watch bearings.
Geographic Insights of Osmium Market:
The growing preference for sustainable technologies dramatically increases the production of osmium. The global osmium market is expected to grow with a substantial CAGR during the forecast period. In terms of consumption, North America is expected to be the main osmium market, followed by Europe. In addition, Asia-Pacific is expected to be a major producer of this product. China, the main exporter of osmium, contributes significantly to the participation of the world market.
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Key Market Players of Osmium Market:
Some of the major companies involved in the global osmium market include Ceimig Limited, American Elements, Reade International Corp and Cleantech, among others.
Osmium Market Key Segmentation:
By Product:
• Granules
• Rod
• Pellets
• Powder
By End Users/Applications:
• Fountain Pen Nibs
• Instrumental Pivots
• Electrical Contacts
• Others
By Region:
• North America
• South America
• Europe
• Asia Pacific
• Middle East and Africa
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Kevin Stewart
Global Sales Manager
Research Cosmos
www.researchcosmos.com
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