The global rhenium metal market is expected to display a higher growth in forthcoming period. Rhenium is a mineral ore coupled with molybdenum and other metals. Rhenium displays high melting point, high hardness, tensile strength and creep-rupture strength. Temperature can go as high upas 20000C. Resistance to sea water and hydrochloric acid and sulfuric acid and its chemical inertness with most elements lends Rhenium its class. Rhenium is highly utilized in aircraft industry and hence is a metal worthy of choice.
Rhenium is consumed in different fashion and the most common is ammonium perrehenate to produce reforming catalysts. Rhenium finds its way across in metals such as Ni-based super alloys and Platinum in bi-metallic reforming catalysts, turbine blades and natural gas technology. Rhenium is for its characteristics in compounds, materials and composites deployed in economic sector.
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Growth in rhenium market is also stimulated by technological use as in catalytic convertors to convert natural gas into liquid and this assumes importance with growth in rhenium market to be very stable. Growth for rhenium market is also expected to lie low and will not exhibit volatility in the near -ending quarter.
The commercial value for rhenium is considerably higher than other metals and with every airline ramping up its fleet and rhenium is a premium part in the alloys that make up the wings of the aircraft and their purpose is to lift the aircraft to a comfortable level above ground.
Rhenium is used in petroleum reforming catalysts in production of high-octane hydrocarbons, which are used in the formulation of lead-free gasoline. Metallurgical industries have uses of rhenium to about 77% especially with nickel-super alloys because nickel improves properties of nickel alloys. Restraints to the rhenium metal market are that rhenium will be taken off the market before soon with introduction of new nickel-based super-alloys. Rhenium-Platinum catalysts are used in producing, benzene, toluene’s and xylenes.
Rhenium initially had status of being a by-product and is contained in molybedniteas is found in Canada, Chile, Mexico and Peru. Segmentation of rhenium metal market by product includes < 99.7 % and = 99.7%. Segmentation of rhenium metal market by region includes North America, Europe, Asia Pacific, MEA and Latin America. The key players in rhenium metal market include Codelco, Molymet and Climax Molybdenum.
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Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Rhenium Metal in these regions, from 2012 to 2022 (forecast), covering
• United States
• South Korea
Global Rhenium Metal market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Climax Molybdenum
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
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On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Rhenium Metal for each application, including
• Aircraft Turbine