The global gadolinium market size was estimated at USD 5,888 million in 2024 and is projected to be worth around USD 9,869 million by 2034, growing at a CAGR of 5.3% from 2024 to 2034.
The gadolinium market is an important branch of the chemicals and materials industry. This industry deals in the manufacturing and distribution of gadolinium in different parts of the globe. There are numerous products developed in this industry consisting of gadolinium acetate, gadolinium acetylacetonate, gadolinium oxide, gadolinium nitrate, gadolinium chloride, and some others. The rise in several research activities related to gadolinium has boosted the market growth. This market is expected to rise significantly with the growth of the specialty chemicals industry across the world.
The growing demand for gadolinium intermediates in the battery industry for manufacturing solid fuel cells, aluminum-air batteries, lithium-sulfur batteries, and some others is driving the market growth. Also, the rising application of these metals from the medical imaging sector for enhancing the quality of MRI scans is likely to shape the industry in a positive direction. Moreover, the increasing use of gadolinium in the nuclear industry and electronics sector is projected to accelerate the growth of the gadolinium market. The rising use of gadolinium-based alloys in electronics manufacturing along with the rapid adoption of these metals in theranostics is expected to create ample growth opportunities for the market players in the upcoming years.
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| Stats ID: | 7377 |
| Format: | Databook |
| Published: | January 2025 |
| Price | US$ 1550 |
Immediate Delivery
| Stats ID: | 7377 |
| Format: | Databook |
| Published: | January 2025 |
| Price | US$ 1550 |
Immediate Delivery
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