Global Rhenium market will reach 189.93 million US$ by the end of 2026
Published Date: 2019/10/25
The global Rhenium market is worth over $ 146.38 Million, according to our survey. Global volumes grew at low speed, due to the stability of super alloy and catalyst demand for the past years. Longer-term growth projections are now around 3%. The industry is highly concentrated in terms of production area, with Chile, USA and Poland as the major supply area. Until 2018, Chile overall was keeping as the dominant producer and exporter of Rhenium, followed by USA and Poland. In 2018, the world production of Rhenium reached 56.63 MT. Global leading Rhenium producers are Molymet, Freeport McMoran, KGHM, KAZ Minerals, LS-Nikko, Jiangxi Copper etc.
Rhenium is a concentrated industry with limited companies. The top 3 producers account for around 64.26% of the market. Rhenium can be categorized as primary Rhenium producers and recovery Rhenium producers. primary Rhenium producers supply products by themselves, also most of the producers owns its own ore, such as Molymet, etc. recovery Rhenium producers purchase raw material from the market, but still takes a share in Rhenium market. Namely, Rhenium industry is a niche market, but both raw material and technology are crucial to players.
The largest consumption area of Rhenium is super alloy, which accounted for 73.18% of world Rhenium consumption. Consumption of Rhenium in catalyst is much more stable, the application field of Rhenium is expanding, but it also facing substitute threat at the same time.
The global Rhenium production value will increase to 189.93 Million USD in 2026, from 146.38 Million USD in 2018. It is estimated that the global Rhenium demand will develop with an average growth rate of around 3.31% in the coming five years.
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