Gadolinium Market - Forecast(2021 - 2026)
Gadolinium is a silvery-white malleable and ductile rare-earth metal, found in nature only in combined form. Gadolinium is used for shielding in neutron radiography and in nuclear reactors, owing to its absorption of neutrons. Gadolinium have unusual metallurgic properties, that can improve the workability and resistance to high temperature oxidation of iron, chromium, and related alloys. Globally, technological advancements leading to rise in demand, rise in the demand from healthcare industry, and increasing consumption of colour TVs are the prime growth drivers of gadolinium market. In addition, increase in adoption of gadolinium for newer applications, and emerging economies such as China, India and others will create new opportunities for gadolinium market. However, higher cost of the research and development, stringent government regulations, and risk of serious illness such as Nephrogenic Systemic Fibrosis (NSF) or nephrogenic fibrosing dermopathy, and Gadolinium Deposition Dis...