Cesium Salts Market Projected to Witness a Double-Digit CAGR During 2017 - 2027

Global Cesium Salts Market: Introduction

Cesium salts are inorganic compound of carbonate, chloride, sulfate, nitrate, fluoride and iodides, which is an important source of cesium ions for a various niche applications. Over the past two decades, the application of cesium salts has increased multifold due to increasing used of these salts in numerous variety of synthetic conversions. Cesium salts such as cesium chloride and cesium sulfate are commonly used in molecular biology for density gradient ultracentrifugation; likewise usage of cesium nitrite in pyro technique compositions as oxidizers and colorant is witnessed. Cesium salts are also utilized in direct nucleophillic substitution reactions replacing the standard bases. Cesium salts such cesium carbonate, cesium acetate, cesium monohydrate and cerium fluoride are frequently used in organic synthesis. These increasing number of applications are expected to propel the Cesium salts market with a significant rate in the future.

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Global Cesium Salts Market: Market Dynamics

Cesium salts market is expected to witness a significant growth over the coming future primarily owing to large variety of usage in industries and other applications such as, biocatalyst and industrial catalysis, glass manufacturing and scintillation applications like brazing, medical imaging and in organic synthesis.

Increasing usage of aluminum alloy in response to growing concerns regarding performance, cost, weight and quality, is expected to fuel the demand of cesium salts as flux compound in the brazing of aluminum alloy, hence leading to the growth of cesium salts market. Another prime factor for the growth of cesium salts market is growing demand medical field and biotechnology for various applications for example, high purity cesium salts such as, cesium chloride, and cesium sulfate and cesium trifluoroacetate are used in recovery and purification DNA by means ultracentrifugation.

Cesium salts such as cesium iodide, cesium bromide and cesium fluoride are employed for scintillators in medical diagnostics, mineral exploration and in nuclear physics research owing to their capability of absorbing of absorbing x-rays and gamma radiation. The increasing investment in research and development for sustainable and commercial application is expected to drive the cesium salts market over coming years. However, the growth of cesium salts market is expected to be slightly hampered owing to its higher cost and reactivity which limit its viability in many applications.

Cesium salts, primarily cesium chloride, has been promoted and gained significant traction as a curing therapy for cancer over the last few couple of years, as it is claimed that cesium neutralizes the toxic material produced by tumor cell and prevent them from dividing. However, the scientific evidence for curing the disease through cesium salts have not been found in medical literature, moreover it is not endorsed by the medical establishment till date due to fatal cardiac arrythmias type of problems faced by individuals.

Global Cesium Salts Market: Segmentation

Global cesium salts market segmentation based on grade:

Technical Grade

Pharmaceutical Grade

Optical Grade

Global cesium salts market segmentation based on product type:

Cesium Bromide

Cesium Carbonate

Cesium Sulfate

Cesium Chloride

Cesium Formate

Others (Cesium Nitrate, Cesium Iodide, etc.)

Global cesium salts market segmentation based on application:

Catalysis

Organic Synthesis

Scintillation

Glass Manufacture

Brazing

Biotechnology

Global Cesium Salts Market: Regional Outlook

North America and Europe are expected to possess a significant opportunity for the growth of cesium salts market due to some of its unique properties …. Increasing use of cesium salt in cesium formate brines and nuclear medicine is expected to drive cesium salts market in the region with a relatively steady rate. Furthermore, the consumption of cesium salts in U.S. is regulated by the U.S. Nuclear Regulatory Commission (NRC) and the Environmental Protection Agency (EPA). Amongst all the Cesium salts, cesium nitrate and cesium bicarbonate, are expected to witness steady growth in Asia Pacific region owing to upswing in demand from glass manufacturing sector to achieve various objectives, for example the refractive index of optical glasses are modified by addition of cesium salts.

Global Cesium Salts Market: Key players

Cabot Corporation

American Elements

Albemarle Corporation

Merck KGaA

LobaChemie Pvt. Ltd.

IsoRay Inc.

DAIICHI KIGENSO KAGAKU KOGYO CO., LTD.

AMRESCO

Shanghai China Lithium Industrial Co., Ltd.

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