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 :
The Gadolinium Market research provides a comprehensive perspective of the competition, including the market share and company profiles of the top players in the global industry. The scope of the research covers a thorough examination of the Healthcare IoT Market, as well as the causes for variances in the industry’s growth in a variety of sectors.
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Global Gadolinium Market Dynamics:
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.
Global Gadolinium Market Segment :
Because of the high purity of gadolinium specialty for numerous purposes, including medical and nuclear applications, gadolinium oxide dominates the market for gadolinium. Gadolinium oxide is used in medicine as an MRI contrast agent to improve the clarity of the scan. The product should have very strict requirements, very high purity (99.99%), and should be Good Manufacturing Practices (GMP) certified, according to the WHO’s recommendation. It is used as a reaction control agent in nuclear applications to limit reactivity and extend fuel life in nuclear fuel pellets or rods.
Regional Analysis :
North America, Europe, Asia Pacific, the Middle East & Africa, and South America are the five main geographical regions of the Global Gadolinium Market market.
Global 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.
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Research methodology :
A methodical strategy to minimising residual mistakes is taken by Maximize Market Research, which includes limiting the scope, validating with primary insights, and routinely maintaining the internal database. To take into account typical market fluctuations and adjust to any changes in the market’s dynamics, a dynamic model is developed. Depending on the particular markets, the variables and qualities covered in the research may alter. The model must most importantly include information from the supply and demand sides in order to calculate the market gap.
A substantial amount of data is gathered and compiled in the early phases of the research process. The obtained data is frequently verified using a variety of sources, including the internal database, paid sources, annual reports of corporations, SEC filings, authorised news releases, price databases, and many more. The complete value chain must be understood in a comprehensive research study. To acquire a comprehensive view of the market taxonomy, we thoroughly examine the annual reports and financials of market participants.
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