Global Osmium Market Size Propelling Growth to $856 Million by 2030 With CAGR of 3.82%

Raleigh, NC, May 26, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Osmium Market By Application (Chemical Manufacturing, Jewelry, Electricals & Electronics, And Others), By Type (Recycling Source And Mineral Sources), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.

“According to the latest research study, the demand of global Osmium Market size & share in terms of revenue was valued at USD 642.93 million in 2022 and it is expected to surpass around USD 856.58 million mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 3.82% during the forecast period 2023 to 2030.”

What is Osmium? How big is the Osmium Industry?

Report Overview:

Osmium is a chemical element that has the symbol Os and the atomic number 76. Its atomic number can be written as 76. The component has a brittle, hard, and bluish-white appearance. On the periodic table, it is located in the group designated by the symbol platinum. Osmium has a high temperature at both the boiling and melting point, making it one of the densest naturally occurring elements.

In addition to its usage in the creation of alloys, electrical contacts, and fountain pen nibs, os has also been put to use in a variety of other contexts. Os is in great demand among end-user verticals due, in large part, to its hardness as well as its resistance to corrosion, in addition to its possessing a number of other desirable qualities. Osmium tetroxide is a type of osmium compound that can be used as a staining agent in microscopy and as an oxidising agent in organic synthesis. Both of these applications make use of osmium. The manufacturing of osmium as well as its final applications are the focus of the osmium industry. It is anticipated that there will be consistent expansion of the market during the time covered by the projections.

Get a Free Sample PDF of this Research Report for more Insights with a Table of Content, Research Methodology, and Graphs - https://www.zionmarketresearch.com/sample/global-osmium-market-size

(A free sample of this report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the Following:

• Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
• The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
• About 220+ Pages Research Report (Including Recent Research)
• Provide detailed chapter-by-chapter guidance on Request
• Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2023
• Includes Tables and figures have been updated
• The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
• Zion Market Research research methodology

(Please note that the sample of this report has been modified to include the COVID-19 impact study prior to delivery.)

Global Osmium Market: Growth Factors

Increased need for alloys containing osmium

It is anticipated that the demand for osmium alloys will continue to rise across all end-user verticals, which will drive growth in the worldwide osmium market. Extensive study has been conducted on osmium for the purpose of producing various alloys, one of which is comprised of the materials that are utilised in the electrical industry. Osmium is the material used to make the nibs of fountain pens. As a result of the increasing revenue in the electricals and electronics sector, it is anticipated that the demand for osmium would continue to increase.

In addition to this, the component is a popular choice in the research community due to the fact that it is utilised extensively for the conduct of scientific research and development. In this industry, osmium is utilised in the capacity of an oxidising agent, a catalyst, and a staining agent. It is possible that the industry will expand at the same time that the research and development community throughout the world is expanding at a rapid rate. In addition, professionals and academics, along with the support of the government and significant enterprises, are working towards the improvement or expansion of the application of osmium in other industries; this may result in further money being redirected into the sector.

Directly Purchase a copy of the report with TOC @ https://www.zionmarketresearch.com/buynow/su/global-osmium-market-size

Report Scope

Osmium Market: Segmentation Analysis

The global osmium market is segmented based on application, type, and region.

Based on application, the global market segments are chemical manufacturing, jewelry, electricals & electronics, and others. Currently, the industry is led by the high application of osmium in the chemical manufacturing segment where it is used extensively as a catalyst for several chemical reactions. This also includes the production of acrylic acid and ammonia. Osmium is also used in the electrical & electronics segment where its main application lies in the production of electrical contacts, fountain pen tips, and other high-precision instruments. Although osmium is used in the jewelry sector, its use is marginal as compared to more traditional elements such as silver, gold, and platinum. As of April 2023, the price of osmium is between USD 15,000 to USD 20,000 per troy ounce.

Based on type, the osmium industry segments are recycling sources and mineral sources. Currently, the primary source of obtaining osmium is mining mineral sources. It can also be produced by refining ores that contain osmium. Recycling osmium is difficult but possible. However, it is not a common method of obtaining rare mineral since the procedures involving extracting osmium from a recycled source is extremely complex and expensive. Studies suggest that in the earth’s crust, it is estimated to be around 0.001 parts per million (ppm).

The global Osmium market is segmented as follows:

By Application

• Chemical Manufacturing
• Jewelry
• Electricals & Electronics
• And Others.

By Type

• Recycling Sources
• Mineral Sources

Browse the full “Osmium Market By Application (Chemical Manufacturing, Jewelry, Electricals & Electronics, And Others), By Type (Recycling Source And Mineral Sources), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030"-Report at- https://www.zionmarketresearch.com/report/global-osmium-market-size

Competitive Landscape

Some of the main competitors dominating the global Osmium market include - 

• Ames Laboratory
• Chivine Resources Inc.
• Element Six
• Heraeus
• Johnson Matthey
• KGHM Polska Miedz SA
• Materion Corporation
• Merck KGaA
• Norilsk Nickel
• Osmium Technologies Inc.
• Platinum Group Metals Ltd.
• Prochem Inc.
• Reade International Corp.
• Shanghai Jinchuan Group Co. Ltd.
• Solvay SA
• Sumitomo Metal Mining Co. Ltd.
• Super Conductor Materials Inc.
• Tanaka Kikinzoku Kogyo K.K.
• Umicore SA
• Vital Materials Co. Ltd.
• VSMPO-AVISMA Corporation
• WS2 Co. Ltd.
• Yamanaka & Company Inc.
• Yantai Jinpeng Mining Machinery Co. Ltd.
• Zhuzhou Cemented Carbide Group Corp. Ltd.

 Key Insights from Primary Research:

• According to the analysis shared by our research forecaster, the Osmium market is likely to expand at a CAGR of around 3.82% during the forecast period (2023-2030).                                                       
• In terms of revenue, the Osmium market size was valued at around US$ 642.93 million in 2022 and is projected to reach US$ 856.58 million by 2030.
• The osmium market is projected to grow at a significant rate due to the growing demand for sustainable packaging.
• Based on type segmentation, the mineral source was predicted to show maximum market share in the year 2022.
• Based on application segmentation, chemical manufacturing was the leading application in 2022.
• On the basis of region, Africa was the leading revenue generator in 2022.

Have Any Query? Ask Our Experts: https://www.zionmarketresearch.com/inquiry/global-osmium-market-size

Key questions answered in this report:

• What is the market size and growth rate forecast for Osmium industry?
• What are the main driving factors propelling the Osmium Market forward?
• What are the leading companies in the Osmium Industry?
• What segments does the Osmium Market cover?
• How can I receive a free copy of the Osmium Market sample report and company profiles?

Key Offerings:

• Market Size & Forecast by Revenue | 2023−2030
• Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
• Market Segmentation – A detailed analysis By Application, By Type, and By Region
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Request for Customization on this Report as per your requirements - https://www.zionmarketresearch.com/custom/7197

(We tailor your report to meet your specific research requirements. Inquire with our sales team about customising your report.)

Regional Analysis:

Africa to witness the highest growth

The global osmium market is expected to witness the highest growth in South Africa during the forecast period. The growth is mainly due to the presence of large reserves of rare metals in the South African territory. This default has led to a large number of mining companies locating bases in the region to reap the benefits of the expensive metal. However, it should be noted that although osmium is available in large numbers in the continent, the mining condition of the country is poor as miners face low pay and substandard living conditions.

Furthermore, Asia-Pacific could emerge as a significant supplier of Osmium due to Turkey being a transcontinental region with a significant part of the population being considered Asian and only 3% of the region is located in European territory. In addition to this, with the ongoing Russia-Ukraine war, companies may drive more toward the African region along with Turkey to obtain the element.

By Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • France
  • UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

Recent Developments

• In December 2022, Gauteng Refinery from Johannesburg, South Africa announced a partnership with Ingo Wolf, who is the director of Osmium-Institut für Inverkehrbringung und Zertifizierung von Osmium GmbH. The partnership requires Gauteng to supply high-quality raw osmium to the German firm during the period of the strategic alliance. The partnership is a result of the Russia-Ukraine war and countries are unable to access Russia’s precious metals
• In February 2021, researchers at the University of Warwick were able to detect how osmium reacts in a single cancer cell with the use of a 185-meter beamline placed at the Diamond synchrotron. The finding implies that the precious metal can be used for the treatment of cancer

To know an additional revised 2023 list of market players, request a brochure of the report: https://www.zionmarketresearch.com/requestbrochure/global-osmium-market-size

FREQUENTLY ASKED QUESTIONS

• What is osmium?
• Which key factors will influence the osmium market growth over 2023-2030?
• What will be the value of the osmium market during 2023-2030?
• What will be the CAGR value of the osmium market during 2023-2030?
• Which region will contribute notably towards the osmium market value?
• Which are the major players leveraging the osmium market growth?

Browse Other Related Research Reports from Zion Market Research:

Online Poker Market By Device Type (Mobile And Desktop), By End-User (Gambling Enthusiasts, Dabblers, And Social Exuberant) And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030: https://www.zionmarketresearch.com/report/online-poker-market

U.S. Registered Nurses Market By End-User (Ambulatory Healthcare Services, Hospitals, Nursing Homes, And Others), By Gender (Male And Female), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030: https://www.zionmarketresearch.com/report/us-registered-nurses-market

U.S. Education Market - By Type (Cloud And On-Premise); By Content (Audio-Based Content, Video-Based Content, And Text: https://www.zionmarketresearch.com/report/us-education-market

HVAC Equipment Market By End-Use (Commercial, Residential, And Industrial), By Product (Ventilation, Heating, And Cooling), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030: https://www.zionmarketresearch.com/report/hvac-equipment-market

Targeted Therapeutics Market - By Type (Monoclonal Antibodies, Small Molecular Inhibitors, Prodrug, And Nano-Particulate Antibody Conjugates), By Application (Breast Cancer, Leukemia, Colorectal Cancer, Lymphoma, Renal Cancer, Multiple Sclerosis, Wet Age-Related Macular Degeneration, And Lung Cancer), By Distribution Channel (Hospital Pharmacies, Online Pharmacies, And Retail Pharmacies),And By Region- Global Industry Perspective, Comprehensive Analysis, And Forecast, 2021 – 2028: https://www.zionmarketresearch.com/report/targeted-therapeutics-market

Silicone Market (Resins, Elastomers, Gels, Fluids And Others) For Textile, Building & Construction, Paper, Chemical Industry, Plastics, Automotive & Transportation, Electrical & Electronics, Medical & Personal Care And Other Applications: Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028: https://www.zionmarketresearch.com/report/silicone-market

Smart Airports Market By Technology (Security Systems, Communication Systems, Passenger, Cargo & Baggage Handling Control, Air/Ground Traffic Control, Endpoint Devices), By Airside (Air Traffic Management, Resource Management, Aircraft Parking, Aircraft Maintenance), For Aeronautical Operations And Non-Aeronautical Operations. Global Industry Perspective, Comprehensive Analysis, And Forecast, 2020 – 2028: https://www.zionmarketresearch.com/report/smart-airports-market

Service Robotics Market (Professional Service Robots And Personal Service Robots) For Health Care, Defense, Agriculture, Logistics, Aerospace, Research And Development And Other Applications: Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028: https://www.zionmarketresearch.com/report/service-robotics-market

Silicon-On-Insulator (SOI) Market By Wafer Type (RFSOI, FDSOI And Others), By Technology (BESOI, ELTRAN, SoS, SiMOX, And Smart Cut) By Product (RF FE, MEMS, Power, Optical And Others) Market For Automotive, Computing And Mobile, Entertainment And Gaming, Photonics, Telecommunications And Others Application: Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028: https://www.zionmarketresearch.com/report/silicon-on-insulator-market

Animal Drug Compounding Market - By Product (Anti-Infectives, Anti-Inflammatory, GI Drugs, And CNS Agents), By Animal Type (Companion Animal And Livestock Animal), By Dosage Form (Capsule, Powder, Solution, And Suspension), By Route Of Administration (Oral, Ocular, Injectables, Topical, And Rectal), And By Region- Global Industry Perspective, Comprehensive Analysis, And Forecast, 2021 – 2028: https://www.zionmarketresearch.com/report/animal-drug-compounding-market

Liquid Dietary Supplements Market - By Ingredient (Vitamins & Minerals, Proteins & Amino Acids, And Botanical), By Application (Bone & Joint Health, Immune Health, Heart Health, Sports Nutrition, And Weight Loss), By Distribution Channel (Hypermarket & Supermarket, Drug Stores, Online Pharmacies & E-Commerce Sites, And Health & Beauty Retail Stores), And By Region- Global Industry Perspective, Comprehensive Analysis, And Forecast, 2021 – 2028: https://www.zionmarketresearch.com/report/liquid-dietary-supplements-market

Respiratory Virus Infection Drugs Market - By Drug Type (Antibiotics, Nasal Decongestants, Non-Steroidal Anti-Inflammatory Drugs, And Cough Suppressants), By Infection Type (Respiratory Syncytial Virus Infection, Adenovirus Infection, Influenza Virus Infection, Para Influenza Virus Infection, And Rhinovirus Infection), By Distribution Channel(Hospital Pharmacies, Clinics, Retail Pharmacies, And Drug Stores ), By Route Of Administration (Oral And Parenteral), And By Region- Global Industry Perspective, Comprehensive Analysis, And Forecast, 2021 – 2028: https://www.zionmarketresearch.com/report/respiratory-virus-infection-drugs-market

Self Service Technology Market For ATM, Kiosk Machine And Vending Machine: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends, And Forecast, 2020 – 2028: https://www.zionmarketresearch.com/report/self-service-technology-market

Rodenticides Market By Type (Non-Anticoagulant Rodenticides, Anticoagulant Rodenticides, And Others) By Application (Agricultural, Pest Control, Warehouses, And Others): Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028: https://www.zionmarketresearch.com/report/rodenticides-market

Rheology Modifiers Market By Type (Organic And Inorganic) By Application (Paint & Coatings, Adhesive & Sealants, Pharmaceuticals, Oil & Gas, Construction, And Others): Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028: https://www.zionmarketresearch.com/report/rheology-modifiers-market

Signaling Devices Market By Product (Strobe Beacons, Lighting, Bells And Horns, Fire Alarms/Call Points, Speakers And Tone Generators, And Other), Connectivity Service (Wired, And Wireless) By Application (Oil And Gas, Chemical And Pharmaceutical, Food And Beverages, And Other): Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028: https://www.zionmarketresearch.com/report/signaling-devices-market

About Zion Market Research:

Zion Market Research is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Zion Market Research are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds.

Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

Follow Us on LinkedIn: https://www.linkedin.com/company/zion-market-research/

Follow Us on Twitter: https://twitter.com/zion_research

Follow Us on Facebook: https://www.facebook.com/zionmarketresearch

Follow Us on Pinterest: https://www.pinterest.com/zionmarketresearch/

Follow Us on YouTube: https://youtu.be/Y0Yfi7N8zSs

Contact Us:

Rushikesh Dorge

USA: +1 347 690-0211

United Kingdom: +44 2032 894158

Japan: +81 50 5806 9039

India: +91 7768 006 007

Web: https://www.zionmarketresearch.com/

Blog: https://zmrblog.com/

Still, Looking for More Information? OR Want Data for Inclusion in Magazine, Case Study, or Media?

Email Directly Here with Detail Information: sales@zionmarketresearch.com