Sale
Massive Discounts! Up to 50% OFF on reports🎉

Rhenium Market Size, Share, Industry, Forecast and outlook (2024-2031)

Published: November 2024
SKU : MM344
excelpdfpowerpoint
180 pages
Report Summary
Table of Content

Global Rhenium Market is segmented By Application (Super Alloys, Catalysts, Others), By End-user (Electrical and Electronic manufacturing Devices, Medical Types of equipment, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Market Overview

Report on global rhenium analyses the market size, shares, recent trends, competitive intelligence, and future market outlook. Rhenium usage used to make turbine blades for jet aircraft engines is on the rise. Demand from the aerospace industry in Asia Pacific is spiking. The competitive rivalry intensifies with KGHM, Molymet, Ultramet, and others active in the market.

  • Rhenium is one of the rarest elements in Earth's continental crust; its estimated average crustal abundance is less than 1 part per billion.
  • The annual world mine production of rhenium is about 50 metric tons. During 2016, ores containing 7,600 kilograms of rhenium were mined at six operations (four in Arizona, and one each in Montana and Utah). The value of rhenium consumed in 2017 was about 80 million as measured by the number of imports of rhenium metal and APR.

Market Scope

MetricsDetails
Market CAGR3.0%
Segments CoveredBy Application, By End-user, and By Region
Report Insights CoveredCompetitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.
Fastest Growing RegionAsia Pacific
Largest Market Share North America

To Get a Free Sample Click here

 

  • More than 80 percent of the rhenium consumed in the world is used in high-temperature superalloys, especially those used to make turbine blades for jet aircraft engines. RheniumÂ’s other primary application is in platinum-rhenium catalysts used in petroleum refining.
  • Rhenium alloys were used in crucibles, electrical contacts, electromagnets, electron tubes and targets, heating elements, ionization gauges, mass spectrographs, metallic coatings, semiconductors, temperature controls, thermocouples, vacuum tubes, and other applications.

Market Dynamics

  • The estimated value of rhenium consumed in 2016 was about 69 million. Consumption of catalyst-grade APR by the petroleum industry was expected to remain at high levels.
  • Demand for rhenium in the aerospace industry, although more unpredictable, was expected to continue to increase. The major aerospace companies, however, were expected to continue testing superalloys that contain one-half the quantity of rhenium used in engine blades as currently designed, as well as testing rhenium-free alloys for other engine components.
  • During 2017, the United States continued to rely on imports for much of its supply of rhenium. Canada, Chile, Germany, Kazakhstan, and the Republic of Korea supplied most of the imported rhenium. Rhenium imports for consumption increased by 7% from those of 2016.
  • Primary rhenium production in the United States remained virtually unchanged compared with 2016. A new molybdenum processing plant in Chile shipped its first molybdenum concentrate in the fourth quarter of 2016.
  • The plant could produce 16,500 tons per year of molybdenum trioxide and 8,000 kilograms of rhenium per year. Germany and the United States continued to be the leading secondary rhenium producers. Secondary rhenium production also took place in Canada, Estonia, France, Japan, Poland, and Russia.

Industry Share

  • Premium is primarily used in superalloys, and this extensive usage will drive the growth of the market in this industry segment. Demand for rhenium in the aerospace industry, although more unpredictable, was expected to continue to increase.
  • The processing of scrapped engine parts to generate engine revert increased worldwide, and this increase in engine revert supply was expected to continue to have a significant impact on the rhenium market.

Segmentation Anlaysis

  • The high-temperature alloys in which rhenium is used include several nickel-base superalloys that are primarily used in the manufacture of turbine blades for jet aircraft engines and power-generation applications.
  • Over 80 percent of the rhenium consumed worldwide is used in superalloy production. Rhenium improves the high-temperature (1,000° C) strength properties of some nickel-based superalloys.
  • The scrapped parts were also processed to generate engine revert a high-quality, lower-cost superalloy melt stock by a growing number of companies, mainly in the United States, Canada, Estonia, Germany, and Russia. Rhenium-containing catalysts were also recycled.
  • The major aerospace companies, however, were expected to continue testing superalloys that contain one-half the rhenium used in engine blades as currently designed, as well as testing rhenium-free alloys for other engine components.

Trending Reports:

Tabular Alumina Market

Bauxite Market

Buy this report
Single User
$4350
Multiple User
$4850
Enterprise User
$7850
Proceed to Buy
Request new version
FAQ’s

Related Reports
metals-mining

Rare Earth Metals Market Size, Share, Industry, Forecast and outlook (2024-2031)

Published: 2024 May 20
Starting from

$4350

metals-mining

Rare Earth Elements Market Size, Share, Industry, Forecast and Outlook (2024-2031)

Published: 2024 June 28
Starting from

$4350

metals-mining

Kazakhstan Rare Earth Elements Market Size, Share, Industry, Forecast and outlook (2024-2031)

Published: 2024 February 05
Starting from

$3175

metals-mining

Europium Market Size, Share, Industry, Forecast and Outlook (2024-2031)

Published: 2024 October 29
Starting from

$4350

metals-mining

Red Mud (Bauxite Residue) Market Size, Share, Industry, Forecast and outlook (2024-2031)

Published: 2024 December 30
Starting from

$4350

metals-mining

Recycled Aluminum Market Size, Share, Industry, Forecast and outlook (2024-2031)

Published: 2025 January 10
Starting from

$4350