What is Global Gadolinium-157 Market?
The global Gadolinium-157 market is a specialized segment within the broader rare earth elements market. Gadolinium-157 is an isotope of gadolinium, a rare earth metal known for its unique properties, including high neutron absorption cross-section, which makes it particularly valuable in various high-tech applications. The market for Gadolinium-157 is driven by its demand in industries such as nuclear energy, medical imaging, and scientific research. In the nuclear industry, Gadolinium-157 is used as a neutron poison in nuclear reactors to control the fission process. In the medical field, it is utilized in magnetic resonance imaging (MRI) as a contrast agent due to its paramagnetic properties. Scientific research also benefits from Gadolinium-157, particularly in studies involving neutron capture and other nuclear reactions. The market is characterized by a limited number of suppliers and high production costs, which contribute to its niche status. However, the growing demand for advanced medical imaging techniques and the expansion of nuclear energy projects are expected to drive the market's growth. The global Gadolinium-157 market was valued at US$ 1.3 million in 2023 and is anticipated to reach US$ 3.5 million by 2030, witnessing a CAGR of 14.1% during the forecast period 2024-2030.
Metal, Compound in the Global Gadolinium-157 Market:
Gadolinium-157, a rare isotope of the element gadolinium, is available in various forms, including metals and compounds, each serving distinct purposes in different industries. As a metal, Gadolinium-157 is known for its excellent magnetic and neutron absorption properties. These characteristics make it highly valuable in the nuclear industry, where it is used as a neutron poison to control the fission process in nuclear reactors. The metal form of Gadolinium-157 is also utilized in the manufacturing of specialized alloys and materials that require high magnetic permeability and resistance to radiation damage. On the other hand, Gadolinium-157 compounds, such as gadolinium oxide and gadolinium nitrate, are widely used in the medical field. These compounds are essential components in the production of contrast agents for magnetic resonance imaging (MRI). The paramagnetic properties of Gadolinium-157 enhance the quality of MRI scans, allowing for more precise and detailed imaging of internal body structures. Additionally, Gadolinium-157 compounds are used in scientific research, particularly in studies involving neutron capture and other nuclear reactions. The ability of Gadolinium-157 to absorb neutrons makes it a valuable tool in various experimental setups, including neutron scattering and spectroscopy. The production of Gadolinium-157, whether in metal or compound form, involves complex and costly processes. The extraction and purification of this isotope require advanced technology and expertise, contributing to its high market value. Despite these challenges, the demand for Gadolinium-157 continues to grow, driven by advancements in medical imaging technology and the expansion of nuclear energy projects. The market for Gadolinium-157 is characterized by a limited number of suppliers, which further adds to its niche status. However, ongoing research and development efforts aim to improve production methods and reduce costs, potentially making Gadolinium-157 more accessible for various applications. In summary, Gadolinium-157, whether in metal or compound form, plays a crucial role in several high-tech industries. Its unique properties, including high neutron absorption and paramagnetic characteristics, make it indispensable in the nuclear, medical, and scientific research fields. The market for Gadolinium-157 is expected to grow as demand for advanced medical imaging techniques and nuclear energy projects increases. Despite the challenges associated with its production, the potential benefits of Gadolinium-157 in various applications continue to drive interest and investment in this specialized market.
Nuclear Industry, Medical, Science Research in the Global Gadolinium-157 Market:
Gadolinium-157 finds extensive usage in various high-tech industries, including the nuclear industry, medical field, and scientific research. In the nuclear industry, Gadolinium-157 is primarily used as a neutron poison in nuclear reactors. Its high neutron absorption cross-section makes it an effective material for controlling the fission process, ensuring the safe and efficient operation of nuclear reactors. By absorbing excess neutrons, Gadolinium-157 helps maintain the desired reaction rate, preventing the reactor from becoming too reactive. This property is particularly valuable in the design and operation of both commercial nuclear power plants and research reactors. In the medical field, Gadolinium-157 is widely used as a contrast agent in magnetic resonance imaging (MRI). The paramagnetic properties of Gadolinium-157 enhance the quality of MRI scans by improving the contrast between different tissues. This allows for more precise and detailed imaging of internal body structures, aiding in the diagnosis and treatment of various medical conditions. Gadolinium-157-based contrast agents are particularly useful in detecting abnormalities in the brain, spine, and other soft tissues. Additionally, Gadolinium-157 is used in scientific research, particularly in studies involving neutron capture and other nuclear reactions. Its ability to absorb neutrons makes it a valuable tool in various experimental setups, including neutron scattering and spectroscopy. Researchers use Gadolinium-157 to study the behavior of materials under neutron irradiation, gaining insights into their structural and magnetic properties. This information is crucial for the development of new materials and technologies in fields such as materials science, physics, and engineering. The versatility of Gadolinium-157 in these applications highlights its importance in advancing technology and improving our understanding of complex systems. Despite the challenges associated with its production and high market value, the demand for Gadolinium-157 continues to grow. The expansion of nuclear energy projects and advancements in medical imaging technology are expected to drive further interest and investment in this specialized market. In summary, Gadolinium-157 plays a crucial role in the nuclear industry, medical field, and scientific research. Its unique properties, including high neutron absorption and paramagnetic characteristics, make it indispensable in these high-tech applications. The ongoing demand for Gadolinium-157 underscores its significance in advancing technology and improving our understanding of complex systems.
Global Gadolinium-157 Market Outlook:
The global Gadolinium-157 market, valued at US$ 1.3 million in 2023, is projected to experience significant growth, reaching an estimated US$ 3.5 million by 2030. This growth trajectory represents a compound annual growth rate (CAGR) of 14.1% during the forecast period from 2024 to 2030. The market's expansion is driven by increasing demand across various high-tech industries, including nuclear energy, medical imaging, and scientific research. In the nuclear industry, Gadolinium-157's high neutron absorption cross-section makes it an essential material for controlling the fission process in nuclear reactors. Its use as a neutron poison helps ensure the safe and efficient operation of reactors, contributing to the growing demand for this isotope. In the medical field, Gadolinium-157 is widely used as a contrast agent in magnetic resonance imaging (MRI). Its paramagnetic properties enhance the quality of MRI scans, allowing for more precise and detailed imaging of internal body structures. This application is particularly valuable in the diagnosis and treatment of various medical conditions, driving the demand for Gadolinium-157-based contrast agents. Additionally, scientific research benefits from Gadolinium-157's unique properties, particularly in studies involving neutron capture and other nuclear reactions. Researchers use Gadolinium-157 to study the behavior of materials under neutron irradiation, gaining insights into their structural and magnetic properties. This information is crucial for the development of new materials and technologies in fields such as materials science, physics, and engineering. The market for Gadolinium-157 is characterized by a limited number of suppliers and high production costs, which contribute to its niche status. However, ongoing research and development efforts aim to improve production methods and reduce costs, potentially making Gadolinium-157 more accessible for various applications. In summary, the global Gadolinium-157 market is poised for significant growth, driven by increasing demand in the nuclear, medical, and scientific research fields. The market's expansion reflects the growing importance of Gadolinium-157 in advancing technology and improving our understanding of complex systems.
| Report Metric | Details |
| Report Name | Gadolinium-157 Market |
| Accounted market size in 2023 | US$ 1.3 million |
| Forecasted market size in 2030 | US$ 3.5 million |
| CAGR | 14.1% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| by Type |
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| by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Rosatom, Neonest AB, NIDC, ISOFLEX, Trace Sciences |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
