The global cesium market is expected to reach $453.1 million by 2028, with a CAGR of 6.1% from 2023 to 2028. The main drivers for this market include the increasing usage of cesium compounds in cancer treatment and its expanding application in photoelectric cells, as well as the growing demand from the oil and gas industry. The medical and pharmaceuticals sector is projected to be the largest end use industry, with cesium chloride expected to be the fastest growing segment. North America is expected to remain the largest region in the cesium market due to its significance in various applications, such as nuclear medicine, analytical chemistry, and electric power generation. Major players in the market include Albemarle, Cabot Corporation, and Thermo Fisher Scientific. The market offers growth opportunities in different regions and industries, and strategic analysis is provided based on Porter's Five Forces model.
Wed, 12 Jul 2023 13:50:09 GMT | GlobeNewswire