The rhenium market is expected to grow by USD 49.12 million during 2021-2025, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the rhenium market in optimistic, probable, and pessimistic forecast scenarios.
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Technavio has announced its latest market research report titled Global Rhenium Market 2021-2025 (Graphic: Business Wire)
Enterprises will go through the Response, Recovery, and Renew phases. Download a Free Sample Report on COVID-19
The rhenium market will witness a negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase as compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis and towards the next normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build resilience by making effective resource and investment choices for individual business units, products, and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
Download the Post-Pandemic Business Planning Structure. Click here
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Major Three Rhenium Market Participants:
American Elements operates the business through various segments such as Additive manufacturing and 3D printing materials, Alloys and alloy forms, Battery and supercapacitor materials, Catalysts, Ceramics, and Others Products. The company offers rhenium in various forms such as salt, powder, bars, among others.
Avon Metals Ltd.
Avon Metals Ltd. operates the business through the Unified segment. The company offers rhenium in various forms such as pallets, powder, ammonium perrhenate, and perrhenic acid.
Freeport-McMoRan Inc. operates the business through various segments such as North America Copper Mines, South America Mining, Indonesia mining, and Molybdenum mines. The company offers rhenium for the defense and aerospace industry.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technavio.com/report/rhenium-market-industry-analysis
Rhenium Market 2021-2025: Segmentation
The rhenium market is segmented as below:
The rhenium market is driven by rising demand in aerospace engines. In addition, other factors such as growing usage of rhenium-188 in the healthcare industry are expected to trigger the rhenium market toward witnessing a CAGR of almost 11% during the forecast period.
Get more insights about the global trends impacting the future of rhenium market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR46596
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.