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Osmium Market - Global Industry Expert Opinions Analysis, Emerging Opportunities, Market Size, Share, Growth Drivers, Market Trends, Statistics And Forecast 2015 - 2020

Report Description

Osmium is a chemical element that is represented using the symbol Os. Osmium is a hard and brittle metal that has atomic number of 76. Osmium was discovered by Smithson Tennant in 1803. Osmium is a bluish-white transition metal that belongs to the transition group. Osmium belongs to the platinum group which is usually found as trace elements in alloys and in most of the ores. Osmium is the densest occurring element in the nature. Osmium has a blue-gray tint and is a highly stable element. Osmium is a hard metal that remains lustrous even at extremely high temperatures. Osmium has a low compressibility and has high bulk modulus. Powdered osmium when exposed to the air becomes highly toxic in nature. Osmium is highly volatile as well as water soluble in nature. Osmium powder has typical characteristic smell of that of the osmium tetroxide. However, osmium oxide is non-volatile, black and toxic in nature. There are several specifications provided regarding the use of osmium as it is extremely toxic and thus, has hazardous effect on human health. Osmium is available in a wide range of purity which usually differs depending on its applications. Elemental or metallic forms of osmium usually include rods, wire, granules and pellets. Different sources of osmium offer the metal in varying shapes. Osmium finds a wide range of applications in manufacturing instrument pivots, electrical contacts and fountain pen tips.

Osmium is widely used in few alloys and also in some of the industrial catalyst. Using osmium various chemical reactions can be preceded and conducted at a higher rate of reaction. The growing chemical industry is expected to boost the overall growth of the osmium market. Osmium is also widely used in manufacturing few of the alloys that have various applications in many industries. Osmium is usually used in manufacturing nibs of extremely high quality fountain pens, compass needles, clock bearings and long-life gramophone needles among others. Usage of osmium in manufacturing various applications helps in improving the overall quality of the end product by making it extremely hard and corrosion resistant. Osmium has been used in fingerprint detection and also in staining fatty tissue in various research institutes. Osmium is also widely used in the optical and electron microscopy. The high reflectivity of osmium in the wide UV range makes it highly desirable for use in space-based UV spectrometers. The alloys of osmium are used in manufacturing several surgical implants. Thus, the growing demand for innovative medical technologies is expected to boost the overall demand of the osmium market.

North America is expected to be the largest consumer of the overall osmium market. Europe is expected to be the next largest consumer of the osmium market. However, Asia Pacific is expected to be the largest manufacturers of the osmium market. China is the major exporter of the osmium to other countries. Thus, owing to the growing demand of the osmium from various other applications is expected to boost the overall demand. The development of new applications of osmium metal is expected to fuel the overall demand for the market.

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