Osmium Market | Ceimig Limited, American Elements, Reade International Corp, Cleantech, and others.

Osmium is a chemical element represented by the symbol Os and has seven naturally occurring isotopes. It belongs to the platinum group and is obtained when platinum is extracted from ores such as osmiridium and iridosmine. Osmium is found in alloys of iridium and in traces of metals such as nickel and copper, and is highly volatile and water soluble in nature.

It is a hard and brittle metal that remains lustrous even at high temperatures. The high toxic and volatile properties of osmium restrains its use in pure form for high-wear applications. Although manmade osmium also comes from chromium smelters, hospital incinerators, and the normal operation of cars i.e. from catalytic convertors, it is primarily the industrial extraction and refining of platinum that produces bulk of osmium.

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Market Taxonomy

On the basis of grade, the global osmium market is segmented into:

Analytical Grade
Technical Grade

On the basis of form, the global osmium market is segmented into:

Rods
Pellets
Granules

On the basis of application, the global osmium market is segmented into:

Instrumental Pivots
Electrical Contacts
Fountain Pen Nibs
Others

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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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