Californium Market Trends, Growth, Industry & Revenue [2031]
Californium Market Trends, Growth, Industry & Revenue [2031]
Segments - Global Californium Market by Types (Californium-252 and Others) Applications (Nuclear Reactors, Research & Development, Healthcare, Coal & Cement, and Others), End-users (Agriculture & Food Industries, Hospital & Research Laboratories, Biotechnology & Pharmaceutical Industries, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2023-2031
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| Report ID :MC-4201
| 4.6 Rating
| 53 Reviews
| 189 Pages
| Format :
Report Description
The global californium market size was USD 69.28 Million in 2022 and is likely to reach USD 107.48 Million by 2031, expanding at a CAGR of 5% during 2023–2031. Californium is a silvery white element belonged to the actinide class. It is a rare element and is one of the extremely radioactive substance elements, which can be used for various applications especially in neutron spectroscopy and neutron diffraction experiments. The element was first coined in 1950 and its name was derived from the state, California as it was discovered at the Lawrence Berkeley National Laboratory, the University of California. Owing to its propensity to emit neutrons, Californium is extensively used in the start-up of nuclear reactors and is responsible for the production of higher mass elements such as ununoctium. Despite its extensive use in nuclear reactors and the synthesis of heavy mass elements, high radioactivity of the element limits its application.
Californium Market Trends, Drivers, Restraints, and Opportunities
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Wide use of the element in research laboratories, biotechnology, and pharmaceutical sectors for various applications such as cancer treatment is expected to drive the market growth in the coming years.
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High demand for californium in developed regions such as Europe and the United States due to massive nuclear research projects is a key driver of the market.
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Expensive cost, complicated manufacturing process, and high radioactive nature of californium are major challenges. These factors are projected to hinder the market growth to some extent during the forecast period
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Wide application for scanning of fuel rods, weapons parts, and aircraft components to detect cracks, faulty welds, and other problems related to the military and defense industry is contributing to the markets growth.
Scope of Californium Market Report
The report on the global californium market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes |
Details |
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Report Title |
Californium Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016 & 2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Types (Californium-252 and Others) Applications (Nuclear Reactors, Research & Development, Healthcare, Coal & Cement, and Others), End-users (Agriculture & Food Industries, Hospital & Research Laboratories, Biotechnology & Pharmaceutical Industries, and Others) |
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Regional Scope |
Asia Pacific, North America, Europe, Latin America, and Middle East & Africa |
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Report Coverage |
Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast |
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Key Players Covered in the Report |
Oak Ridge National Laboratory; Research Institute of Atomic Reactors; NANOCHEMAZONE; Frontier Technology Corporation; Isotope JSC, and QSA Global, Inc. |
Californium Market Segment Insights
Californium-252 segment to hold significant market share
In the terms of types, the market is bifurcated into Californium-252 (Cf-252) and others. The Cf-252 segment accounted for more than 43.5% of the market in 2019 and is expected to hold significant market share during the forecast period. The wide adoption of Cf-252 in nuclear research and the nuclear fission process in reactors due to its increased stability and outstanding neutron emission capabilities presents a key driver of the segment. Furthermore, the increasing application of the component type in the medical sectors due to increasing demand for innovative radiation therapies to cure malignant tumors. However, Cf-252 can only be made in a high-flux isotope reactor and the procedure is time-consuming.
Coal & cement segment held substantial market share in 2020
Based on applications, the global californium market is segmented into nuclear reactors, research & development, healthcare, coal & cement, and others. The coal & cement segment is expected to exhibit robust growth during the targeted period due to increased use of Prompt Gamma Neutron Activation Analysis (PGNAA) driven by californium-252 in the coal and cement sectors. Furthermore, PGNAA has allowed for real-time sample analysis as well as the highest level of precision and responsiveness for elemental composition readings, all of which are key factors contributing to cost savings. As a result of these benefits, professionals in the coal & cement industry frequently use californium-252 neutron sources.
Hospital & research laboratories segment to hold significant market share
On the basis of end-users, the market is fragmented into agriculture & food industries, hospital & research laboratories, biotechnology & pharmaceutical industries and others. Californium is a man-made radioactive actinide with atomic symbol Cf, which has a wide range of application in hospital and research laboratories. Californium has its medical use as a radiation source for radiotherapy, which are further expanded for the diagnosis and treatment of many cervical and brain cancers. Thus, the hospital & research laboratories segment is expected to drive the segment during the forecast period.
Asia Pacific dominates the global market
In terms of regions, the global californium market is categorized as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to constitute a key market share, accounting for a CAGR of 7.8% of the market during the forecast period. The expansion of this regional market is fueled by increasing demand for various pharmaceutical products from healthcare industries in China and India to help in successful treatment of several diseases such as cancer. Moreover, the presence of a huge customer base and the rapid development of nuclear weapons production in the region with China as a leading country is a key driver of the regional market.
Segments
By Types
- Californium-252
- Others
By Applications
- Nuclear Reactors
- Research & Development
- Healthcare
- Coal & Cement
- Others
By End-users
- Agriculture & Food Industries
- Hospital & Research Laboratories
- Biotechnology & Pharmaceutical Industries
- Others
By Regions
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
By Key Players
- Oak Ridge National Laboratory
- Research Institute of Atomic Reactors
- NANOCHEMAZONE
- Frontier Technology Corporation
- Isotope JSC
- QSA Global, Inc
Competitive Landscape
Key players in the global californium market are Oak Ridge National Laboratory; Research Institute of Atomic Reactors; NANOCHEMAZONE; Frontier Technology Corporation; Isotope JSC, and QSA Global, Inc. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Californium Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Californium Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Californium Market - Supply Chain
4.5. Global Californium Market Forecast
4.5.1. Californium Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Californium Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Californium Market Absolute $ Opportunity
5. Global Californium Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Californium Market Size and Volume Forecast by Types
5.3.1. Californium-252
5.3.2. Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Californium Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Californium Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Californium Demand Share Forecast, 2019-2026
7. North America Californium Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Californium Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Californium Market Size and Volume Forecast by Types
7.4.1. Californium-252
7.4.2. Others
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Californium Demand Share Forecast, 2019-2026
8. Latin America Californium Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Californium Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Californium Market Size and Volume Forecast by Types
8.4.1. Californium-252
8.4.2. Others
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Californium Demand Share Forecast, 2019-2026
9. Europe Californium Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Californium Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Californium Market Size and Volume Forecast by Types
9.4.1. Californium-252
9.4.2. Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Californium Demand Share Forecast, 2019-2026
10. Asia Pacific Californium Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Californium Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Californium Market Size and Volume Forecast by Types
10.4.1. Californium-252
10.4.2. Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Californium Demand Share Forecast, 2019-2026
11. Middle East & Africa Californium Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Californium Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Californium Market Size and Volume Forecast by Types
11.4.1. Californium-252
11.4.2. Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Californium Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Californium Market: Market Share Analysis
12.2. Californium Distributors and Customers
12.3. Californium Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Oak Ridge National Laboratory
12.4.2. Research Institute of Atomic Reactors
12.4.3. NANOCHEMAZONE
12.4.4. Frontier Technology Corporation
12.4.5. Isotope JSC
12.4.6. QSA Global, Inc
Methodology
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