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The rhenium market share is expected to increase to USD 80.27 million from 2021 to 2026, at a CAGR of 10.12%.
This rhenium market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers rhenium market segmentation by:
The rhenium industry research report also covers details of vendors such as American Elements, ESPI Metals, Freeport McMoRan Inc., H. Cross Co., Heraeus Holding GmbH, Hoganas AB, KGHM Polska Miedz SA, Leading Edge Metals and Alloys Inc., MOLYMET SA, Navoi Mining and Metallurgical Co., Nova Resources B.V., Ossila Ltd., Remet UK Ltd., Rhenium Alloys Inc., Ultramet, and Umicore NV among others.
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Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The rising demand for aerospace engines is notably driving the rhenium market growth, although factors such as the fluctuations in the price of rhenium may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the rhenium industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Rhenium Market Driver
Key Rhenium Market Trend
Key Rhenium Market Challenge
This rhenium market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global rhenium market as a part of the global diversified metals and mining market within the global materials market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the rhenium market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the rhenium market encompasses successful business strategies deployed by the key vendors. The rhenium market is fragmented and the vendors are deploying growth strategies such as focusing on distinguishing their offerings through clear and unique value propositions to compete in the market.
hcrosscompany.com - The company offers rhenium which has melting point of 3180 degree celsius.
hcrosscompany.com - The unified segment offers various products such as refractory metals and alloys, precious metals and alloys, other metals and alloys, lamp seal products, and typical dimensions and tolerances.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The rhenium market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the rhenium market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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65% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for rhenium in North America. Market growth in this region will be slower than the growth of the market in the South American, APAC and MEA regions.
The growing use of rhenium in the aerospace and defense industry will facilitate the rhenium market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The COVID-19 pandemic adversely affected the automotive industry in the region, primarily owing to the closure of several automotive and industrial gas manufacturing plants in the US. The pandemic spread widely across North America, especially in the US. However, due to the availability of COVID-19 vaccines, the number of COVID-19 cases decreased considerably in North America by the end of 2020, and various vendors resumed their manufacturing and refining activities of rhenium.
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The rhenium market share growth by the superalloys segment will be significant during the forecast period. The global rhenium market in the super alloys application segment was the largest segment, mainly because super alloys are used to manufacture both jet engines and industrial gas turbine fan blades. The growth of the aviation and automotive industries is increasing the demand for rhenium worldwide. Countries such as Chile, the US, China, and Poland are the key producers of rhenium. In rockets, rhenium super alloys are used in the production of thrusters, chambers, and nozzles, wherein their high resistance to heat and stability is crucial.
This report provides an accurate prediction of the contribution of all the segments to the growth of the rhenium market size and actionable market insights on post COVID-19 impact on each segment.
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Rhenium Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Decelerate at a CAGR of 10.12% |
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Market growth 2022-2026 |
$ 80.27 million |
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Market structure |
Fragmented |
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YoY growth (%) |
12.38 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 65% |
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Key consumer countries |
US, Canada, China, Russia, and Germany |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
American Elements, ESPI Metals, Freeport McMoRan Inc., H. Cross Co., Heraeus Holding GmbH, Hoganas AB, KGHM Polska Miedz SA, Leading Edge Metals and Alloys Inc., MOLYMET SA, Navoi Mining and Metallurgical Co., Nova Resources B.V., Ossila Ltd., Remet UK Ltd., Rhenium Alloys Inc., Ultramet, and Umicore NV |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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