Gadolinium Market Witness a Spike in Growth Pace Recent Improvements in Pricing Models: FMI
Gadolinium is a rare earth metal, silvery white, ductile and malleable. Gadolinium is employed in various application segments including electronics, medical equipment, imaging agents and nuclear reactors among others. Being a rare earth metal, the price of gadolinium have increased many folds over the years and the trend is expected to continue in the near future. Superior metallurgic characteristics and high efficiency have been the major factors driving growth for gadolinium market. Small amount of gadolinium improves the temperature resistance and efficiency of metals such as iron. Gadolinium has been gaining acceptance in the medical equipment and nuclear applications. Therefore, growing demand for nuclear energy and medical equipment has been a major driver for the industry. Price of gadolinium has been increasing over the years which have been a major factor restraining market growth. Research and development activities to increase the application scope of gadolinium are exp