Press release
Global Cesium Market Expected to Reach US$ 498.15 Million by 2029, Growing at 6.5% CAGR
14.09.2023 : Cesium Market Report Scope and Research MethodologyThis comprehensive report provides a detailed analysis of the Cesium Market, offering insights into market size, trends, and future projections. It encompasses various segments such as Product, Grade, End-Use Industry, and Region. The report also examines key drivers, restraints, opportunities, and challenges in the market.
This report utilizes a robust research methodology, combining both primary and secondary sources. It involves market dynamics analysis, historical data evaluation, and thorough market engineering. The data is further validated through interviews with industry experts, questionnaires, surveys, and more.
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What are Cesium Market Dynamics?
Market Drivers:
Cancer Treatment Application: Cesium is utilized in cancer treatment due to its ability to alter the pH levels within malignant cells. This, in turn, hinders the cancer cell's ability to reproduce. The demand for reliable medical treatments involving cesium isotopes is expected to drive market growth.
Market Restraints:
Limited Production Sources: Cesium is primarily produced by only three pegmatite operations globally. With limited output and a small number of enterprises in the cesium distribution network, the market faces constraints in meeting growing demand.
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What is Cesium Market Segmentation?
The chemical and nuclear segment is anticipated to expand by End-Use Industry at a CAGR of 3.6% throughout the previous forecast period. According to the United States Geological Survey, in 2021, cesium shipments were the only source of supply for the US. A company offered one gram of 99.5% cesium for $62, a slight increase from $61.70 in 2021, and 99.95% Cesium for $79.10, a 3% increase from $78.50 in 2021, according to the most notable Mineral Commodities Summary. However, because there is little international trade of this rare metal, it is difficult to determine the price on the global market.
Only three pegmatite enterprises in the world produce it on an industrial scale, Tanco in Canada, Bitika in Zimbabwe, and Sinclair in Australia, in spite of its strategic importance.
by Product
Cesium Formate
Cesium Chloride and Other Halides
Cesium Carbonate
Cesium Nitrate
Cesium Hydroxide
Others
by Grade
Technical
Pharmaceutical
Optical
by End-Use Industry
Healthcare
Defense
Chemical and Nuclear
Electrical and Electronics
Oil and Gas
Others
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Who are Cesium Market Key Players?
1. American Elements
2. Avalon Advanced Materials
3. Cabot Corporation
4. Frontier Lithium
5. Pioneer Resources
6. GFS Chemicals, Inc.
7. Prochem, Inc.
8. Global Pharma Chem.
9. NOAH Technologies Corporation.
10.ALPHA CHEMIKA
11.A.B. Enterprises
12.Schlumberger
13.Chemix
14.AMSYN
15.EMEC
16.Island Pyrochemical Industries
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Table of content for the Cesium Market includes:
Part 01: Executive Summary
Part 02: Scope of the Cesium Market Report
Part 03: Global Cesium Market Landscape
Part 04: Global Cesium Market Sizing
Part 05: Global Cesium Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Regional Insights:
North America Dominance: North America is poised to lead the Cesium Market, with Canada and the U.S. playing a significant role. The presence of robust commercial aircraft and petroleum industries in the region, coupled with a focus on cesium as an essential mineral, is driving market growth.
Emerging Market in Asia-Pacific: The Asia-Pacific region is expected to witness rapid growth, driven by increasing demand for air travel and expansion in commercial aircraft operations.
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2023-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic
perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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