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Californium Market Trends, Growth, Industry & Revenue [2031]

Global Californium Market

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Segments - 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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Author :

Riddhesh Dani

Fact-checked by :

Harneet Meher

Editor :

Shruti Bhat

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

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.
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.
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
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.

Attributes	Details
Report Title	Californium Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016 & 2021
Forecast Period	2023–2031
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)
Regional Scope	Asia Pacific, North America, Europe, Latin America, and Middle East & Africa
Report Coverage	Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast
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 Summary
2. 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 (000â€™ 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

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