Metal Rhenium Market was valued at USD 0.68 Billion in 2022 and is projected to reach USD 1.00 Billion by 2030, growing at a CAGR of 5.0% from 2024 to 2030.
The global metal rhenium market was valued at approximately USD 2.1 billion in 2022, with a compound annual growth rate (CAGR) of around 8.5% expected through the forecast period. The growing demand for rhenium in aerospace and defense industries, particularly for high-temperature superalloys and catalysts, is driving this growth. As of 2022, the market was experiencing significant expansion due to increased utilization in jet engines and industrial applications. The high-performance properties of rhenium, including its resistance to heat and wear, contribute to its essential role in advanced technologies and specialized materials.
Emerging markets are presenting new opportunities for growth in the rhenium sector. Notably, regions such as Asia-Pacific are expected to witness substantial market expansion due to rapid industrialization and technological advancements. Additionally, the rise in demand for electric vehicles and renewable energy technologies is likely to create new avenues for rhenium applications. As industries seek to enhance performance and sustainability, the rhenium market is positioned for dynamic developments, driven by innovative uses and increasing global industrial activities.
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Molymet
Freeport MCMoRan
KGHM
KAZ Minerals
LS-Nikko
Jiangxi Copper
Biosynth Carbosynth
Glentham Life Sciences
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Metal Rhenium Market
Superalloys
Catalysts
Others
Based on Types the Market is categorized into Below types that held the largest Metal Rhenium market share In 2023.
Primary Rhenium
Recycling Rhenium
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Metal Rhenium Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Metal Rhenium Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Metal Rhenium Market, By Type
6. Global Metal Rhenium Market, By Application
7. Global Metal Rhenium Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Metal Rhenium Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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