Gadolinium Market was valued at US$ 5.5 Bn. in 2021. Global Gadolinium Market size is estimated to grow at a CAGR of 5.1 % over the forecast period.
Gadolinium Market Overview:Gadolinium is a broadly used element as a disparity agent to enlarge the MRI imaging. This metal is both malleable and ductile, and it is also soft, bright, and silvery in texture. The small quantity of gadolinium can improve the resistance and oxidation of alloy in iron. It is also used as green phosphorus color in color television picture tubes and it is also used in microwaves. Medical equipment, MRI, and diagnosis of cancerous tumors, it is being used for them also for the making of magnets, storage disk, etc. The report explores the market's segments (Type, Interferometer Type, Application, End-User, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2020. The report investigates the market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the market's contemporary competitive scenario. To know about the Research Methodology:-Request Free Sample Report 2021 is considered as a base year to forecast the market from 2022 to 2027. 2021’s market size is estimated on real numbers and outputs of the key players and major players across the globe. The past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analysis, especially with the impact of lockdown by region.
Gadolinium Market Dynamics:An increase in disposable income and technologies will drive the market for gadolinium in the forecasted period. it is considered a rare-earth metal, but demand-supply for this metal is increasing rapidly due to its higher usage in the healthcare industry. Agreeable government policies and purchasing capacity for gadolinium is influenced the market growth and will expand the market in the forecasted period. The factors which will threaten the growth of the market are a lack of technical experts and high fluctuation of raw material costs. It is extracted from oxide and salts by heating with calcium at 2640 degrees Celsius. In 2018, the price of iron oxide is U.S.$1.58 per kilogram, and in 2021, the average price of iron oxide is U.S.$0.70 per kilogram. During the COVID-19 pandemic, the supply chain activities have been affected, which is why the market has gone down in the market but it is expected to grow in the forecasted period. Launching new products with high technologies will create an opportunity for the key players as well as for the market growth. Key players are expanding the industry in the other regions as well and making a good position in the established market. This will increase the size of the market in the forecasted period. The factors which will hamper the market growth In the upcoming years develop privacy and a strong security market and agreements to secure the flow of demand and supply of gadolinium.
Gadolinium Market Segment Analysis:Based on Type, the Gadolinium Market is segmented into Gadolinium Acetate, Gadolinium Oxide, Gadolinium Nitrate, and Gadolinium Chloride. Gadolinium oxide is dominate the market gadolinium because of the high purity of gadolinium specialties for various applications like medical applications and nuclear applications. In medical gadolinium oxide is used as a contrast agent for MRI technology, and accompaniment of the scan clarity. According to the WHO recommendation, the product should consist of very high purity (99.99%), tight specifications, and should be Good Manufacturing Practices (GMP) certified. In Nuclear applications, it is used as a reaction control agent in nuclear fuel pellets or rods, to restrict the reactivity and enable longer fuel life. Based on Application, the Gadolinium Market is segmented into Electronic, Medical Equipment, Nuclear reactors, and Imaging Agents. Medical equipment is dominating the market for gadolinium during the forecasted period. Because it is used as a contrast medium by doctors to improve the visibility of the human internal body. growing investment in nuclear energy will boost the market in the forecasted period. In neutron therapy, it is used to target because it has a high neutron cross-section. This element is powerful for use with neutron radiography and in protectors of nuclear reactors. It is highly used as a nuclear power reactor in nuclear power plants as control rods.
Gadolinium Market Regional Insights:The North American region is expected to witness significant growth at a CAGR of 6.2% through the forecast period. The North American region is dominated the gadolinium market by 2021 because of the advanced technology and higher user of gadolinium in medical equipment. APAC region has also driven the market of gadolinium market because of the increase in the demand for nuclear energy, in Japan and China. And also, because the potential of an energy crisis grows, many economies boosted their investment in the nuclear energy sector.in Europe, because of the rapid exhaustion of renewable resources, consumers are moving toward sustainable resources. This will boost the market in the forecasted period. The objective of the report is to present a comprehensive analysis of the global Gadolinium Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Gadolinium Market dynamic, and structure by analyzing the market segments and projecting the Gadolinium Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Gadolinium Market make the report investor’s guide.
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Gadolinium Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2027 Historical Data: 2017 to 2021 Market Size in 2021: US $ 5.5 Bn. Forecast Period 2022 to 2027 CAGR: 5.1% Market Size in 2027: US $ 7.8 Bn. Segments Covered: by Type • Gadolinium Acetate • Gadolinium oxide • Gadolinium chloride • Gadolinium nitrate by Application • Electronics • Medical equipment • Nuclear reactors • Imaging agents
Gadolinium Market by Region• North America • Europe • The Asia Pacific • The Middle East and Africa • South America
Gadolinium Market Key Players:• Goodfellow Corporation • GFS Chemicals, Inc. • All- Chemie, Ltd. • Pascals Technologies, Inc. • Fredericksburg • VA Alfa Chemical Corporation • Molycorp • Super Conductor Materials, Inc. • Inorganic Ventures • Molycorp Corporation • Canada Rare Earth Corporation • HEFA rare Earth Canada co., Ltd. Frequently Asked Questions: 1)What is the CAGR of the Gadolinium market in the forecasted period? Ans. The CAGR of the Gadolinium market in the forecasted period is 5.1%. 2)What is the market size of the Gadolinium market in 2021? Ans. The market size of the Gadolinium market in 2021 was worth USD$ 5.5Bn. 3)What is the market size of the Gadolinium market in 2027? Ans. The market size of the Gadolinium market is expected to grow by USD$ 7.8 Bn. in 2027. 4)Which segment is expected to hold the largest market share in the Gadolinium market? Ans. Gadolinium oxide holds the largest market share in Gadolinium in 2021. 5)Which region is expected to hold the largest market share in the Gadolinium market? Ans. The North American region has the largest market share in Gadolinium.
1. Global Gadolinium Market Size: Research Methodology 2. Global Gadolinium Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Gadolinium Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Gadolinium Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • The Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Gadolinium Market Size Segmentation 4.1. Global Gadolinium Market Size, by Type (2021-2027) • Gadolinium Acetate • Gadolinium oxide • Gadolinium chloride • Gadolinium nitrate 4.2. Global Gadolinium Market Size, by Applications (2021-2027) • Electronic • Medical equipment • Nuclear reactor • Imaging agents 5. North America Gadolinium Market (2021-2027) 5.1. North America Gadolinium Market Size, by Type (2021-2027) • Gadolinium Acetate • Gadolinium oxide • Gadolinium chloride • Gadolinium nitrate 5.2. North America Gadolinium Market Size by Applications (2021-2027) • Electronic • Medical equipment • Nuclear reactor • Imaging agents 5.3. North America Gadolinium Market, by Country (2021-2027) • The United States • Canada • Mexico 6. European Gadolinium Market (2021-2027) 6.1. European Gadolinium Market, by Type (2021-2027) 6.2. European Gadolinium Market, by Applications (2021-2027) 6.3. European Gadolinium Market, by Country (2021-2027) • The UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Gadolinium Market (2021-2027) 7.1. Asia Pacific Gadolinium Market, by Type (2021-2027) 7.2. Asia Pacific Gadolinium Market, by Applications (2021-2027) 7.3. Asia Pacific Gadolinium Market, by Country (2021-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Gadolinium Market (2021-2027) 8.1. The Middle East and Africa Gadolinium Market, by Type (2021-2027) 8.2. The Middle East and Africa Gadolinium Market, by Applications (2021-2027) 8.3. The Middle East and Africa Gadolinium Market, by Country (2021-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Gadolinium Market (2021-2027) 9.1. South America Gadolinium Market, by Type (2021-2027) 9.2. South America Gadolinium Market, by Applications (2021-2027) 9.3. South America Gadolinium Market, by Country (2021-2027) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1.1. Goodfellow Corporation 10.1.2. Company Overview 10.1.3. Financial Overview 10.1.4. Global Presence 10.1.5. Capacity Portfolio 10.1.6. Business Strategy 10.1.7. Recent Developments 10.1.8. All- Chemie, Ltd. 10.1.9. Pascals Technologies, Inc. 10.1.10. Fredericksburg 10.1.11. VA Alfa Chemical Corporation 10.1.12. Molycorp 10.1.13. Super Conductor Materials, Inc. 10.1.14. Inorganic Ventures 10.1.15. Molycorp Corporation 10.1.16. Canada Rare Earth Corporation 10.1.17. HEFA rare Earth Canada co., Ltd.