Market Overview

Global Cesium Market 2018-2022| Growing Importance of Cesium in Cancer Treatment to Propel Demand| Technavio


analysts forecast the global cesium market to grow at a CAGR of nearly 7%
during the forecast period, according to their latest market research

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Technavio has published a new market research report on the global cesium market from 2018-2022. (Gr ...

Technavio has published a new market research report on the global cesium market from 2018-2022. (Graphic: Business Wire)

The increasing demand for cesium in petroleum extraction is one of the
major trends being witnessed in the global
cesium market 2018-2022
. Petroleum exploration is the major
application of cesium. In the oil and gas industry, the aqueous or brine
solution of cesium formate is extensively used as a drilling fluid and a
drill tip lubricant in petroleum exploration. Cesium formate is produced
by treating cesium hydroxide with formic acid. It can be effectively
used even if the downhole temperature and pressure are very high.
Therefore, demand for cesium is increasing in the oil and gas industry
due to its suitability.

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market snapshot before purchasing

According to Technavio analysts, one of the key factors contributing to
the growth of the global cesium market is the growing importance of
cesium in cancer treatment:

Global cesium market: Growing importance of
cesium in cancer treatment

Cesium is a natural mineral that has been reported to be effective for
treating cancer. It can penetrate the cancerous cells and change the
acidic pH to alkaline pH. Once the pH is alkaline, cesium destroys the
enzyme system of the cancer cell and thus its reproducing ability.
Cesium chloride is used in medical imaging, cancer therapy, and positron
emission tomography in the medical and healthcare industry. An
increasing number of cancer patients are demanding for safe medical
treatments, wherein cesium isotopes are used, which is expected to drive
the market growth in the future.

According to a senior analyst at Technavio for research on specialty
chemicals, "Cesium-based cancer treatment therapy is not only
cost-effective but also provides a safe and side effect-free treatment
advantage. Thus, the increasing importance and demand for cesium in
cancer treatment can promote the growth of the global cesium market
during the forecast period."

Global cesium market: Segmentation analysis

The global cesium market research report provides market segmentation by
product (cesium chloride, cesium iodide, and cesium hydroxide) and by
region (the Americas, EMEA, and APAC). It provides an in-depth analysis
of the prominent factors influencing the market, including drivers,
opportunities, trends, and industry-specific challenges.

The cesium chloride segment held the largest market share in 2017,
accounting for nearly 39% of the market. This product segment is
expected to dominate the global market throughout the forecast period.

The Americas led the market in 2017 with a market share of nearly 49% of
the market share. The market share occupied by this region is
anticipated to increase during 2018-2022.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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