Osmium Market Future Scope 2026 | Top vendors Ceimig Limited, American Elements, Reade International Corp, Cleantech,
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Key players operating in the global osmium market include Ceimig Limited, American Elements, Reade International Corp, Cleantech, and others.
Osmium concentrates are manufactured as a by-product of copper and nickel mining or while isolating platinum metal from its ores. Distillation or organic solvent extraction of these ores yield volatile osmium tetroxide (OsO4), which is collected and precipitated using potassium hydroxide. The resultant salt is reduced and roasted to yield a fine power of osmium.
Osmium offers a wide variety of medical applications. For instance, an alloy of 90% platinum and 10% osmium is used in surgical implants such as pacemakers and replacement heart valves due to its inertness. Furthermore, osmium tetroxide aids in fingerprint detection and staining fatty tissues using electron and optical microscopy. Different compounds combined with osmium like Organo-Osmium FY26, could aid in treating cancerous cells. Furthermore, these osmium compounds are not cross-resistant with platinum. Osmium Mettalicum 30 is a medicine that aids in treatment of glaucoma and high blood pressure. Therefore, use of osmium in the healthcare sector for various applications is a major factor expected to propel the global osmium market growth.
A major factor that drives growth of the global osmium market is its remarkable properties such as stability and hardness. These properties help in manufacturing high quality ballpoint and fountain pens, electrical contacts, jewelry such as rings, record player needles, long life gramophone needles, compass needles, instrument pivots, and other devices prone to frequent wear and tear. Usage of osmium helps to improve the overall quality by making the end product such as nibs, needles hard, stable, and corrosion resistant. Such wide variety of applications of osmium is expected to aid in growth of the global osmium market.
However, osmium is a rare and expensive element, which is a major factor restraining the global osmium market growth. Pure osmium generally costs between US$ 12,000 and US$ 14,000 per kilogram. Moreover, osmium-187 is a more expensive and useful isotope, which costs between US$ 15,0000 and US$ 25,0000.
According to the Coherent Market Insights’ analysis, North America held the dominant position in the market in 2017. According to the United States Geological Survey, U.S. imported 322 Kilograms of Osmium in 2014. In North America region, the U.S. and Canada are projected to maintain its dominance throughout the forecast period.
The largest known primary reserves of osmium include the Bushveld igneous complex in South Africa. However, the copper-nickel deposits near Norilsk in Russia and the Canada-based Sudbury basin are also important osmium sources.
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