Osmium exhibits low compressibility and has high bulk modulus. Osmium is toxic in nature when it is exposed to air and undergo chemical reaction to form osmium tetroxide. Osmium is highly volatile as well as water soluble in nature and the metal has very low vapour pressure and exhibits high melting point. There are numerous regulations on the use of osmium owing to the aforementioned properties it possess.
Osmium is used in many alloys, which find significant applications in end use industries due to the quality osmium can impose on end products such as corrosion resistance and hardness. For instance, osmium alloys are used to manufacture pen nibs, compass needles, and electrical contacts, among others. Osmium-tungsten was used in filaments of light bulb as well.
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Apart from these osmium can be used as a catalyst at industrial levels that increments the market value of osmium considerably. Osmium tetroxide is popularly utilized in chemical industry since it is strongly oxidising and volatile. However, proper precautions need to be taken while using osmium tetroxide in laboratories. The reflectivity of osmium makes it desirable in space based UV spectrophotometer applications as well. The alloys of osmium are used in manufacturing several surgical implants and instruments, due to its inert nature.
Osmium Market: Market Dynamics
The sustainable development in the global chemical industry is expected to boost the demand for osmium over the forecast period. Growing applications of osmium in fingerprint detection, optical and electron microscopy and also in staining fatty tissues in various research institutes are the drivers, which can bolster the market growth in the upcoming years. The growing trend of using osmium for innovative medical technologies is expected to boost the overall demand for the osmium market.Furthermore, stagnant price of osmium makes it more popular in end use industries. However, the toxic nature of osmium necessitates optimum storage facilities, which may act as a low impact restraint for the market growth.
Osmium Market: Regional Outlook
The increasing preference for sustainable technology augments the production of osmium significantly. The global osmium market is projected to grow with a substantial CAGR over the forecast period. In terms of consumption, North America is expected to be the prominent market for osmium, followed by Europe. Moreover, Asia Pacific is expected to be a substantial producer of osmium. China, being the major exporter of osmium, contributes significantly to the global market share.
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Osmium Market: Market Participants
Examples of some of the market participants in the global osmium market, identified across the value chain include, American Elements, Ceimig Limited, Cleantech and Reade International Corp, among others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Osmium market is segmented on the basis of form, application and grade mainly.
On the basis of form, the global osmium market can be segmented into;
- Pellets
- Rod
- Granules
On the basis of grade, the global osmium market can be segmented into;
- Technical Grade
- Analytical Grade
On the basis of application, the global osmium market can be segmented into;
- Electrical Contacts
- Instrumental Pivots
- Fountain Pen Nibs
- Others (clock bearings, compass needles, gramophone, etc.)
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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