Rhenium-188 is a high energy emitting radioisotope obtained from the tungsten-188 generator. Key players in the global rhenium market include H Cross Company, KGHM, Molymet, Rhenium Alloys, and Ultramet.
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It is used in a wide variety of therapeutic applications such as nuclear medicine, preparation of radiopharmaceuticals for radionuclide therapy, oncology, interventional radiology, and cardiology. The analysts forecast global rhenium market to grow at a CAGR of 7.09% during the period 2018-2022.
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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.
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According to the report, one of the major drivers for rhenium market is Rising demand in aerospace engines. Rhenium is extensively used in the aircraft engines such as Boeing 787 Dreamliner and Airbus A380.
It is highly in demand in the aviation industry as it is used to boost the efficiency of the jet engines. The aviation industry is currently the largest consumer of rhenium.
The very high melting point, hardness, and scratch resistance properties are fostering the demand for rhenium in the aviation industry. Rhenium is also used in jet-engine turbines and for shielding spaceships.
This is because of its ability to withstand very high temperature and high chemical resistance. The US is the major producer of rhenium followed by Poland and China.
The high demand for rhenium is mainly from the military forces of different countries all over the world.
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Further, the report states that one of the major factors hindering the growth of this market is Fluctuations in the price of rhenium. In 2016, the price of rhenium was $1,400 per metric ton which increased to $4,500 per metric ton by the end of 2017.
The prices of rhenium are currently fluctuating because of the demand-supply gap. The demand for rhenium is increasing because of the growth in the aviation, automotive, and chemical Fluctuations in the price of rhenium industries.
However, the increasing demand for rhenium is affected by the unavailability of resources with time, which creates the supply gap, and results in the fluctuations in the prices of rhenium. Therefore, the fluctuating price of rhenium will impede the growth in the global rhenium market.
Table of Contents
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
Market segmentation analysis
PART 05: MARKET SIZING
Market sizing 2017
Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
PART 07: MARKET SEGMENTATION BY APPLICATION
Segmentation by application
Comparison by application
Superalloys Market size and forecast 2017-2022
Catalysts Market size and forecast 2017-2022
Others Market size and forecast 2017-2022
Market opportunity by application
PART 08: CUSTOMER LANDSCAPE
PART 09: REGIONAL LANDSCAPE
Americas Market size and forecast 2017-2022
EMEA Market size and forecast 2017-2022
APAC Market size and forecast 2017-2022
Key leading countries
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
Growing use of rhenium-188 in healthcare industry
Use of rhenium in spaceship parts
Rise in secondary rhenium supply to boost the market growth
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
Market positioning of vendors
H Cross Company
PART 15: APPENDIX
List of abbreviations