Gadolinium market 2015-2025: Analysts Forecast Strong Price Increases Due To Medical and Nuclear...
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Gadolinium market 2015-2025: Analysts Forecast Strong Price Increases Due To Medical and Nuclear Applications Industry analysts at Future Market Insights are predicting the market for Gadolinium is likely to experience strong growth over the next 10 years due to increasing applications in medical and nuclear applications. Gadolinium in particular is used as a contrast medium for MRI (magnetic resonance imaging). The paramagnetic metal ion moves distinctively within a magnetic field and makes gadolinium useful for MRI tests, which uses high-powered radio waves to look inside the human body. Doctors use gadolinium, in clear, non-radioactive liquid forms approved by the FDA to provide a better contrast between healthy and unhealthy tissues. When injected into human veins, gadolinium fluid is absorbed by unhealthy tissues and these areas appear as very bright patterns in x-rays compared to other areas of the body, giving doctors a clearer indication of which organs or areas of the body may be affected. Gadolinium‐based contrast agents are available worldwide and manufactured by leading pharmaceutical companies. The price of gadolinium has increased over the years and the trend is expected to continue in the near future. Additional uses of gadolinium include: ● Absorbing neutrons in the core of nuclear reactors. ● Used in making gadolinium yttrium garnets, utilized in the fabrication of various optical components and acts as a substrate material for magneto-optical films. ● Used in nuclear marine propulsion systems as a burnable nuclear poison. According to industry experts, the demand for Gadolinium will stand at 2,225 tonnes, by the end of 2016, while production will pass that at 2,750 tonnes. Research and development centers are engaging in activities to increase the application scope of gadolinium due to its unusual metallurgic properties and wide ranging benefits.
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Transcript of Gadolinium market 2015-2025: Analysts Forecast Strong Price Increases Due To Medical and Nuclear...
Gadolinium market 2015-2025: Analysts Forecast Strong Price Increases
Due To Medical and Nuclear Applications
Industry analysts at Future Market Insights are predicting the market for Gadolinium is
likely to experience strong growth over the next 10 years due to increasing applications in
medical and nuclear applications.
Gadolinium in particular is used as a contrast medium for MRI (magnetic resonance
imaging). The paramagnetic metal ion moves distinctively within a magnetic field and
makes gadolinium useful for MRI tests, which uses high-powered radio waves to look
inside the human body. Doctors use gadolinium, in clear, non-radioactive liquid forms
approved by the FDA to provide a better contrast between healthy and unhealthy tissues.
When injected into human veins, gadolinium fluid is absorbed by unhealthy tissues and
these areas appear as very bright patterns in x-rays compared to other areas of the body,
giving doctors a clearer indication of which organs or areas of the body may be affected.
Gadolinium‐based contrast agents are available worldwide and manufactured by leading
pharmaceutical companies. The price of gadolinium has increased over the years and the
trend is expected to continue in the near future. Additional uses of gadolinium include:
● Absorbing neutrons in the core of nuclear reactors.
● Used in making gadolinium yttrium garnets, utilized in the fabrication of various
optical components and acts as a substrate material for magneto-optical films.
● Used in nuclear marine propulsion systems as a burnable nuclear poison.
According to industry experts, the demand for Gadolinium will stand at 2,225 tonnes, by
the end of 2016, while production will pass that at 2,750 tonnes.
Research and development centers are engaging in activities to increase the application
scope of gadolinium due to its unusual metallurgic properties and wide ranging benefits.
About Electio Middle East
Electio Middle East is an international commodity brokerage focusing primarily on
Technology Metals. Electio is the largest brokerage in its sector and the first company
worldwide to offer a niche investment platform enabling judicious investors to diversify
their portfolios into the Tech Metals Sector.
