Rhenium Market by Application and Geography - Forecast and Analysis 2021-2025
- Published: Jan 2021
- Pages: 120
- SKU: IRTNTR46596
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The rhenium market size has the potential to grow by USD 49.12 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 10.78%.
This report provides a detailed analysis of the market by application (superalloys, catalysts, and others), geography (Americas, EMEA, and APAC), and key vendors.
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Market Competitive Analysis
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- American Elements
- Avon Metals Ltd.
- Freeport-McMoRan Inc.
- H. Cross Co.
- Heraeus Holding GmbH
- KGHM Polska Miedz SA
- MOLYMET SA
- Rhenium Alloys Inc.
The rhenium market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
The market players also significantly leverage external market drivers such as rising demand in aerospace engines to achieve growth opportunities. However, factors such as fluctuations in the price of rhenium will challenge the growth of the market participants. 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.
Download a free sample of the rhenium market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies,
This rhenium market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
Rhenium Market: Key Drivers and Trends
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Rhenium Market: Segmentation by Geography
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78% of the market’s growth will originate from the Americas during the forecast period. The US and Canada are the key markets for rhenium in the Americas. However, market growth in this region will be slower than the growth of the market in APAC.
The extensive usage of rhenium in a wide range of industrial segments is one of the prime factors that will facilitate the rhenium market growth in the Americas over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
Rhenium Market: Segmentation by Application
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The rhenium market in the superalloy's application segment was the largest segment because superalloys are used to manufacture both jet engines and industrial gas turbine fan blades. Moreover, it has unique and exclusive combination properties such as the highest melting point after tungsten, high Young's modulus, high tensile strength, low coefficient of friction, and high density. As a result, rhenium has superior mechanical stability and rigidity because of which it is popularly used in nickel-based, molybdenum-based, tungsten-based, and copper-based superalloys.
This report provides an accurate prediction of the contribution of all the segments to the growth of the rhenium market size. Fetch actionable market insights on post COVID-19 impact on each segment.
Rhenium Market: Key Highlights of the Report for 2021-2025
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive rhenium market growth during the next five years
- Precise estimation of the rhenium market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the rhenium industry across the Americas, EMEA, and APAC
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of rhenium market vendors
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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.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Frequently Asked Questions?
- Russian Federation
- Rising demand in aerospace engines
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