Top Emerging Trends in the Global Rhenium Market | Technavio
February 13 2018 - 12:43PM
Business Wire
Technavio’s latest market research report on the global
rhenium market provides an analysis of the most important
trends expected to impact the market outlook from 2018-2022.
Technavio defines an emerging trend as a factor that has the
potential to significantly impact the market and contribute to its
growth or decline.
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Technavio has published a new market
research report on the global rhenium market from 2018-2022.
(Graphic: Business Wire)
According to Technavio analysts, the global rhenium
market will grow at a CAGR of over 7% during the
forecast period. The rising demand for rhenium in aerospace engines
is a major factor driving the market’s growth.
Rhenium is extensively used in the aircraft engines such as
Boeing 787 Dreamliner and Airbus A380. It is used to boost the
efficiency of jet engines and is in high demand in the aviation
industry. Rhenium is also used in jet-engine turbines and for
shielding spaceships due to its ability to withstand very high
temperature and high chemical resistance.
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limited time only: View market snapshot before
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In this report, Technavio highlights the growing use of
rhenium-188 in healthcare industry as one of the key emerging
trends driving the global rhenium market:
Growing use of rhenium-188 in
healthcare industry
Rhenium-188 is a high energy emitting radioisotope obtained from
the tungsten-188 generator. It is applied in a wide range of
therapeutic applications such as nuclear medicine, preparation of
radiopharmaceuticals for radionuclide therapy, oncology,
interventional radiology, and cardiology. Diseases such as bone
metastasis, rheumatoid arthritis, and primary cancers use
rhenium-188 for diagnosis and treatment. Rhenium-188 is used to
produce phosphonates, antibodies, peptides, and lipiodol. The high
energy generated from the β-emission of rhenium-188 is effective in
treating tumors.
“In countries such as, the UK, the US,
Germany, and China it is primarily used in medical facilities.
However, in many countries, the effective use of rhenium-188 for
medical purposes is in its emerging stages. It is expected that the
use of rhenium-188 will increase during the forecast period which
will foster the growth of the global rhenium market,” says a senior
analyst at Technavio for research on metals and
minerals.
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Global rhenium market
segmentation
This market research report segments the global rhenium market
into the following applications (superalloys and catalysts) and key
regions (the Americas, APAC, and EMEA).
The superalloys segment held the largest market share in 2017,
accounting for nearly 72% of the market. The market share for this
application is expected to increase by 2022, leading to a
proportionate decrease in the market share for catalysts.
The Americas was the leading region for the global rhenium
market in 2017, accounting for a market share of 78%. By 2022,
APAC and EMEA will witness a decline in their market share while
the market share for the Americas will increase further.
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version on businesswire.com: http://www.businesswire.com/news/home/20180213005637/en/
Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS:
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