Global Cesium Market Outlook to 2026

Cesium (Cs) is a rare, silvery-white, shiny metal with brilliant blue spectral lines, which is among the four metals that are liquid at or near room temperature besides mercury, gallium, and francium. This element is hazardous as it reacts explosively with water, which is why it is stored in kerosene or mineral oils that are immiscible with water. It is the softest metal, and its consistency is of wax at room temperature. 134 Cs and 137 Cs are radioactive. They generate beta particles while decaying.

According to BlueQuark Research & Consulting, the global cesium market is expected to witness growth at a sluggish rate during the forecast period. The major factor responsible for the global cesium market's growth would be the increasing demand for cesium compounds in cancer treatment. Cesium has the ability to penetrate cancerous cells, changing the acidic pH to alkaline pH, thereby vitiating the enzyme system of the cancer cell and its reproducing ability. Cesium chloride is the compound used in cancer therapy, medical imaging, and positron emission tomography (PET) of the pharmaceutical and healthcare industry. The cesium formate brine is the chemical used in the petroleum exploration industry during the high-temperature drilling process.

Cesium nitrate is used as a coolant and oxidizer in pyrotechnic facilities. Other cesium compounds such as cesium carbonate, cesium hydroxide, and cesium bromide also have applications. The multitude of niche applications that cesium has is one of the major drivers for the market. However, the availability of substitutes, along with cesium products’ costly and reactive nature, hinder the global cesium market’s growth. Cesium’s extreme pyrophoricity and handling of radioactive cesium compounds are other added challenges.

North America dominates the global cesium market due to the presence of a large number of end-user industries in the region, and it is estimated that the region would account for over half of the market’s share globally during the forecast period. The growing importance of cesium in numerous applications, such as nuclear medicine, analytical chemistry, and electric power generation, will significantly influence the growth of the cesium market in this region. Owing to several growth opportunities, the market growth will be faster than that of Europe during the forecast period.

The global cesium market is fragmented. Major players in the market were found to be Cabot Corporation, American Elements, Avalon Advanced Materials, and Pioneer Resources, among others.

IsoRay, the sole producer of cesium-131 brachytherapy seeds, has established that cesium-131 and its isotope are successful in brachytherapy applications, providing quick and safe radiation treatment when compared to other external beam radiation therapies such as 3D conformal radiation therapies, radiosurgery, and tomotherapy. The importance of the organization's cesium-131 in treating prostate and brain cancers was highlighted in multiple presentations at the ASTRO 2020 annual meeting in Miami, Florida.

In November 2020, a record level of storage-and-retrieval efficiency for quantum memory was achieved with efficiency improvement from a previous 25% up to 90% using an array of cesium atoms just 2.5 centimeters long. It’s a pivotal step on the road to eventually building large-scale quantum communication networks spanning entire continents.While ordinary memory stores information as binary states (represented by "1"s and "0"s), quantum memory stores as quantum states known as qubits for later retrieval. Cybersecurity, better batteries, faster computational speed, cleaner fertilization, and solar capture are few applications of quantum computers, the computing world's future.

Global Cesium Market report provides deep insights into the current and future state of the cesium market across various regions. The study comprehensively analyzes the cesium market by segmenting based on grade (Technical, Pharmaceutical, and Optical), type (Metal and Compounds (Cesium Formate, Cesium Chloride, and Other Halides, Cesium Carbonate, Cesium Nitrate, Cesium Hydroxide, and Others), end-user industry (Healthcare, Oil and Gas, and Others), application (Petroleum Exploration, Atomic Clocks, Chemical and Nuclear, Medical and Defense, Electrical and Electronics, and Others), and geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The report examines the market drivers and restraints, along with the impact of Covid-19 on the market’s growth, in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of major companies, including their market shares and projects.