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Rhenium Market to Witness Robust Expansion by 2024– Top Key players like Molymet,KGHM,KAZ Minerals,Inc.
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Rhenium is a dense silvery-white metal that has a very high melting point and a heat-stable crystalline structure, making it exceptionally resistant to heat and wear. It is usually extracted as a by-product of molybdenum smelting and is used especially in superalloys, catalysts, and many other applications.
Global volumes grew at low speed, due to the stability of super alloy and catalyst demand for the past years. Longer-term growth projections are now around 3%. The industry is highly concentrated in terms of production area, with Chile, USA and Poland as the major supply area.
Rhenium is a concentrated industry with limited companies. The top 3 producers account for around 64.26% of the market. Rhenium can be categorized as primary Rhenium producers and recovery Rhenium producers. primary Rhenium producers supply products by themselves, also most of the producers owns its own ore, such as Molymet, etc. recovery Rhenium producers purchase raw material from the market, but still takes a share in Rhenium market.
The largest consumption area of Rhenium is super alloy, which accounted for 73.18% of world Rhenium consumption. Consumption of Rhenium in catalyst is much more stable, the application field of Rhenium is expanding, but it also facing substitute threat at the same time.
According to this study, over the next five years the Rhenium market will register a 2.5% CAGR in terms of revenue, the global market size will reach US$ 180 million by 2024, from US$ 160 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Rhenium business, shared in Chapter 3.
Market Segment by Manufacturers, this report covers
Molymet
Freeport MCMoRan
KGHM
KAZ Minerals
LS-Nikko
Jiangxi Copper
Market Segment by Type, covers
Primary Rhenium
Recycling Rhenium
Market Segment by Applications, can be divided into
Superalloys
Catalysts
Others
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Related Information:
North America Rhenium Market Growth 2019-2024
United States Rhenium Market Growth 2019-2024
Asia-Pacific Rhenium Market Growth 2019-2024
Europe Rhenium Market Growth 2019-2024
EMEA Rhenium Market Growth 2019-2024
Global Rhenium Market Growth 2019-2024
China Rhenium Market Growth 2019-2024
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