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Cesium Market to Expand by USD 3.57 Billion from 2024-2028, Driven by Growing Role in Cancer Treatment, AI-Powered Market Evolution- Report by Technavio

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NEW YORK, Aug. 27, 2024 /PRNewswire/ — Report on how AI is driving market transformation- The global cesium market size is estimated to grow by USD 3.57 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 2.67% during the forecast period. Growing importance of cesium in cancer treatment is driving market growth, with a trend towards increasing demand for cesium in petroleum extraction. However, availability of substitutes poses a challenge. Key market players include A.B. Enterprises, Absco Ltd., ADVA Optical Networking SE, Albemarle Corp., American Elements, Avalon Advanced Materials Inc., Barentz International BV, Battle Chemicals Co. Ltd., Cabot Corp., EMEC, GFS Chemicals Inc., Global Pharma Chem, Island Pyrochemical Industries Corp., Materion Corp., Merck KGaA, Microchip Technology Inc., Power Metals Corp, ProChem Inc., Schlumberger Ltd., and Thermo Fisher Scientific Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

End-user (Medical and pharmaceuticals and Oil and gas), Product (Cesium chloride, Cesium Iodide, Cesium hydroxide, and Others), and Geography (North America, APAC, Europe, Middle East and Africa, and South America)

Region Covered

North America, APAC, Europe, Middle East and Africa, and South America

Key companies profiled

A.B. Enterprises, Absco Ltd., ADVA Optical Networking SE, Albemarle Corp., American Elements, Avalon Advanced Materials Inc., Barentz International BV, Battle Chemicals Co. Ltd., Cabot Corp., EMEC, GFS Chemicals Inc., Global Pharma Chem, Island Pyrochemical Industries Corp., Materion Corp., Merck KGaA, Microchip Technology Inc., Power Metals Corp, ProChem Inc., Schlumberger Ltd., and Thermo Fisher Scientific Inc.

Key Market Trends Fueling Growth

Cesium is a valuable element in the oil and gas industry, primarily used in petroleum exploration. The aqueous or brine solution of cesium formate is extensively applied as a drilling fluid and drill tip lubricant due to its effectiveness even in high downhole temperature and pressure conditions. Additionally, cesium formate is a suitable completion fluid for oil extraction applications, providing appropriate density and flow characteristics. This versatility increases the demand for cesium in the oil and gas sector, driving the growth of the global cesium market during the forecast period. 

The Cesium market, represented by the symbol Cs and an atomic number of 55, is witnessing significant growth due to its diverse applications in various industries. As an alkali metal, Cesium is found in nature as Rubidium and Potassium minerals like Pollucite and Lepidolite. In petroleum exploration, Cesium compounds are used as drilling fluids and in the production of optical glass. The electronics sector utilizes Cesium for catalytic promoters in vacuum tubes and as a component in atomic clocks. The chemical industry employs Cesium isotopes in medical applications, including cancer treatment and neuroimaging. Regional players like Tanco, Bitika, Sinclair, Case Lake in Ontario produce Technical, Pharmaceutical, and Optical grade Cesium for these industries. The market also includes applications in Cesium lasers, ballistic missiles, and the production of Cesium chloride from Formic acid, making it an essential mineral for numerous industries. 

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Market Challenges

Cesium is a mineral used primarily in specialized applications due to its similarities with other alkali metals like rubidium, potassium, and sodium. While cesium shares these properties, rubidium offers cost advantages and easier extraction, making it a preferred choice for industries such as fireworks, PET production, scanning, medical imaging, and radiography. Furthermore, rubidium, potassium, germanium, selenium, and sodium are more environmentally friendly and are used as photosensitive materials. In addition, sodium-potassium formate brines and zinc-bromide are viable alternatives to cesium formate brine in oil and gas drilling. These factors, including cost efficiency, extraction benefits, environmental friendliness, and handling safety, can significantly impact the growth of the global cesium market during the forecast period.The Cesium market encompasses various applications, including technical, pharmaceutical, and optical grades. Key players include Tanco, Bitoka, Sinclair, Case Lake in Ontario, and regional players. Cesium is used in drilling fluids, optical glass, catalytic promoters, vacuum tubes, and atomic clocks. Applications span from cancer treatment using cesium chloride, neuroimaging with Positron emission, and cesium formate in oil recovery. Challenges include sourcing high-quality cesium, such as Pollucite and Lepidolite, and managing microeconomic factors. The market’s financial position is influenced by growth strategies, with demand from the web, cellular devices, and industries like defense (cesium lasers, ballistic missiles) continuing to drive growth. Essential minerals like cesium are integral to diverse industries, making market dynamics complex for decision-makers.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This cesium market report extensively covers market segmentation by

End-user 1.1 Medical and pharmaceuticals1.2 Oil and gasProduct 2.1 Cesium chloride2.2 Cesium Iodide2.3 Cesium hydroxide2.4 OthersGeography 3.1 North America3.2 APAC3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Medical and pharmaceuticals- Cesium is a leading market player in the geospatial technology industry. Our innovative solutions enable businesses to visualize, analyze, and manage geospatial data in 3D. We provide tools for creating, sharing, and streaming 3D globally accessible maps. Our clients include industries such as construction, energy, transportation, and government. Cesium’s flexible and scalable platform supports various data formats and integrates with popular GIS systems. Our goal is to help businesses make informed decisions through geospatial insights.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022) – Download a Sample Report

Research Analysis

Cesium, represented by the symbol Cs and atomic number 55, is an alkali metal with a silver-gold luster and rubidium-like properties. It is a valuable element in various industries due to its unique characteristics. In petroleum exploration, cesium compounds are used as tracers for detecting oil and gas reservoirs. In electronics, cesium is used in vacuum tubes and as a catalytic promoter. The medical sector utilizes cesium isotopes for cancer treatment and in the production of atomic clocks and cesium clocks for precise timekeeping. The chemical industry employs cesium compounds in optical glass production and petrochemical processing. Cesium chloride is used in neuroimaging for positron emission tomography (PET) scans. In the technology sector, cesium formate and formic acid are used in drilling fluids for improved drilling performance. The global cesium market is expected to grow due to its diverse applications in various sectors, including the web, cellular devices, and the radioactive nature of its isotopes.

Market Research Overview

Cesium, with the atomic number 55 and the alkali metal property, is represented by the symbol Cs. Widely used in various industries, cesium is known for its radioactive nature and the presence of several isotopes. In petroleum exploration, cesium compounds like cesium formate and formic acid are utilized as drilling fluids. The chemical sector employs cesium in the production of optical glass and as a catalytic promoter in vacuum tubes. The medical sector benefits from cesium’s use in cancer treatment, neuroimaging, and positron emission tomography. Regional players mine cesium from minerals like pollucite and lepidolite, found in areas such as Tanco in Canada and Bitika in Rwanda. The cesium market encompasses technical, pharmaceutical, and optical-grade products, with applications ranging from atomic clocks and cesium lasers to ballistic missiles and cellular devices. Microeconomic factors and the financial position of key decision-makers significantly impact the growth strategies of companies in this market.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userMedical And PharmaceuticalsOil And GasProductCesium ChlorideCesium IodideCesium HydroxideOthersGeographyNorth AmericaAPACEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

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.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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UBHOME Collaborates with Qualcomm to Release the Smart Lawn Mower, Co-Creating a New Era of Smart Life

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The 2025 CES in the United States is about to unveil a brand-new chapter in the future intelligent home gardening

LAS VEGAS, Dec. 28, 2024 /PRNewswire/ — UBHOME, a sub-brand of UBTECH Robotics, announced an intelligent service robot in collaboration with Qualcomm Technologies, Inc. The Robotic Mower M10 is a revolutionary smart lawn mower announced at the 2025 International Consumer Electronics Show (CES) in the United States. This product is powered by the Qualcomm® RB1 Robotics Platform, showcases UBHOME’s rich experience in robot research and development, and focuses on solving the pain points of traditional lawn-mowing equipment, providing users with a worry-free and labor-saving smart gardening experience, and creates a new model of gardening intelligence.

User-Oriented: The All-New Convenience Brought by the Smart Lawn Mower to Life

The Robotic Mower M10 is not only a high performance tool but also an upgrade of the smart lifestyle. In response to the pain points of users when using traditional lawn-mowing equipment, this product offers a series of practical functions, bringing brand-new convenience to home gardening:

Wireless and Borderless Mowing: There is no need for cumbersome boundary wire installation anymore. The device relies on accurate environmental perception and navigation technology to independently plan the work area, allowing users to use it right out of the box, saving installation time and energy.

Automatic Mowing, Saving Time and Effort: The device can automatically complete the lawn mowing work according to the preset schedule or real-time instructions, enabling users to manage the lawn care through delegation to the mower.

Wide Coverage and Stable Signal: It supports a large-scale signal connection of up to 130,000 square meters. Even for extremely large courtyards, stable operation can be ensured, and there is no need to worry about signal loss.

Real-time Online, in-control Anytime: Through APP remote control and real-time monitoring, users can adjust the mowing plan or check the device status at any time, managing the courtyard work as they like.

The combination of these functions not only greatly simplifies the complexity of mowing work but also liberates users from repetitive physical labor, allowing them to focus on enjoying the wonderful moments of life.

UBHOME: In-depth Layout in Smart Home

UBHOME is a brand under UBTECH Robotics that focuses on providing smart solutions for families. As a world-leading robot enterprise, UBTECH, with its strong R&D strength and technological accumulation, has successfully launched Walker, China’s first commercial bipedal human-sized humanoid robot. The launch of the Robotic Mower M10 by UBHOME this time is an important step in its layout in the smart home field.

Relying on UBTECH’s technological accumulation in robots and its in-depth understanding of user needs, the Robotic Mower M10 achieves the best mowing effect through environmental recognition and dynamic adjustment. Whether it is complex terrain, steep slopes, or high requirements for fine mowing, it can perform perfectly, demonstrating its excellent technical capabilities and brand commitment.

Powered by Qualcomm Technologies, Facilitating Intelligent Upgrading

As a global leader in wireless technology and edge intelligence, Qualcomm Technologies provides cutting-edge technical support for the Robotic Mower M10, including intelligent edge computing platforms, dynamic path planning, and environmental perception technologies. These technologies ensure that the device can operate efficiently in various environments, providing users with a precise and efficient smart experience. The Robotic Mower M10 utilizes the Qualcomm RB1 Robotics Platform to ensure the superior operation of the Robotic Mower M10 in large-scale courtyards, laying a solid foundation for realizing smart life.

Industry Significance and Trend: Promoting the Development of Gardening Intelligence

With the continuous increase in the demand for home intelligence, the market for smart gardening equipment is in a period of rapid development. As a typical representative of this trend, the smart lawn mower not only meets consumers’ pursuit of a convenient lifestyle but also provides a direction for the transformation of the gardening industry from tool manufacturing to smart services.

The product released by UBHOME not only fills the gap in the high-performance lawn-mowing equipment market but also sets a new industry benchmark. Through the multiple advantages of wireless, real-time connection, and fully automated operation, it endows home gardening with new value, making users no longer regard mowing as a burden but feel the convenience and fun brought by technology.

Innovation Hand in Hand, Co-creating Smart Life

The collaboration between UBHOME and Qualcomm Technologies showcases a strong collaboration of technology and innovation. Both parties are committed to bringing more convenient and efficient life experiences to consumers through technological innovation.

At the 2025 CES, UBHOME and Qualcomm Technologies will showcase the innovative functions and application scenarios of this Robotic Mower M10.

About UBHOME 

UBHOME is a brand under UBTECH Robotics, focusing on providing smart solutions for families. UBTECH is a world-leading robot enterprise dedicated to the research and development and application of artificial intelligence and robot technology and has successfully served more than 900 enterprise-level customers in more than 50 countries around the world.

Media Contact Information
For more information, please contact:
UBHOME Brand Team: mbu-sales@ubtrobot.com 

Qualcomm is a trademark or registered trademark of Qualcomm Incorporated. Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries.  

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SOURCE UBTECH ROBOTICS CORP LTD

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Global Launch of JETOUR T2 i-DM: Reshaping the Hybrid SUV Market

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DOHA, Qatar, Dec. 28, 2024 /PRNewswire/ — On December 25, 2024, the First JETOUR Fan’s Festival and the Launch of T2 i-DM was held in Qatar, themed “Think Future”. During the event, JETOUR launched its user brand “Traveler” in the Middle East and its first hybrid model, JETOUR T2 i-DM. The launch event highlights JETOUR’s commitment to exploring sustainable travel modes and ambition to become the “The World’s Leading Brand in Hybrid Off-road Vehicles” under the “Travel+” strategy.

JETOUR T2 i-DM not only inherits the strengths of T2 series, but also achieves high energy efficiency, high performance, high safety, and high intelligence with its advanced hybrid technology, i-DM. With a maximum combined power of 280kW and torque of 610N•m, T2 i-DM boasts a NEDC pure electric range of 139km and an overall range exceeding 1,000km at just 0.8L/100km, addressing range anxiety and promoting green travel.

Mr. Dai Lihong, executive vice president of JETOUR Auto, emphasized technology’s role in producing world-class products. The launch also introduced “Traveler”, enriching user experience through diverse products and superior performance. This year, JETOUR has ranked third in sales across the Qatari auto market. The Fan’s Festival invited user representatives from across the Middle East to witness the unveiling of “Traveler”, experiencing “Travel+” culture through city tours and co-creation workshops.

JETOUR prioritizes users, listening to their needs and co-creating products, brand, and lifestyle. Through “Traveler,” JETOUR aims to provide richer travel experiences and benefits globally, leveraging the platform to spread the “Travel+” culture worldwide. Mr. Alex Tan, Vice President of JETOUR International, said, “Serving ‘JETOUR users’ and being ‘a user-oriented JETOUR’ are JETOUR’s development philosophy. JETOUR will continue to build a travel community centered around users, cars, and lifestyles, sharing the joy of traveling together with users.”

JETOUR also partnered with Diamond League to promote athletics in Qatar and the Middle East, embodying JETOUR Speed and the brand’s image of breakthroughs and innovations. With T2 selling over 150,000 units globally, T2 i-DM will continue its success to meet customers’ needs and reshape the hybrid SUV market.

The launch of T2 i-DM marks JETOUR’s new journey towards “the World’s Leading Brand in Hybrid Off-road Vehicles.” JETOUR plans to introduce more hybrid and off-road models, providing customers with eco-friendly and diversified travel choices. With its innovative spirit and user-oriented philosophy, JETOUR will lead the global automotive industry towards a more sustainable and smarter future.

SOURCE JETOUR AUTO

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My Date with Rural China—-VOC.com.cn Unveils Season Two of I Am in Rural China

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CHANGSHA, China, Dec. 28, 2024 /PRNewswire/ — Modern China’s rural revitalization strategy is crafting a remarkable narrative of transformation across the countryside, while progressive opening-up policies encourage foreign visitors to delve deeper into the nation’s heartland. On December 26th, VOC.com.cn premiered the second season of its acclaimed series, I Am in Rural China. The show follows Teona Kvartskhava, an international guest, as she explores the villages of Hunan Province, offering viewers a firsthand look at the dynamic implementation of comprehensive rural revitalization. This captivating series invites a global audience to witness the dawn of a new era in China’s rural landscapes, showcasing the country’s evolving countryside to viewers worldwide.

Rice field came as the first surprise. Hunan is the largest rice grower and producer in China. Hunan provides the high-quality and tasty rice. Teona Kvartskhava, a foreigner hardly feeding on rice, was tempted to have plenty of it. In Qunle Village, Lixian County, Changde, she also experienced “Double Rush”, which is a time-honored agricultural event in China. An event that used to call for the joint efforts of all family members, has now become much easier thanks to technology.

Departing from Lixian County for the moment, Teona Kvartskhava embarked on an exciting trip of tastes in Rucheng, Chenzhou, Southern Hunan. Hunan people are keen and expert on peppery food and spicy taste dominates the Hunan cuisine. Hunan is also rich in varieties of peppers. Jingpo town, a well-known town where spicy food prevails. It is a producer of red cluster pepper, officially one of the hottest peppers in China. From the crowded market, to the red and yellow pepper planting base, and then to the modern processing pepper workshop, the small cluster pepper strung up all corners of the town, so that the original ordinary mountain town has become extraordinarily lively and affluent.

Of course, the “star” of the countryside here is not only agriculture, but also culture, which has also blossomed in this ancient land. As the birthplace of papermaking, China has preserved a unique handmade papermaking technique, which is used to make some “special” papers. In Shanghong Village, Liuyang, Teona Kvartskhava was lucky to meet two Chinese masters, who showed her hands-on experiences of “Gushan Tribute Paper” and “Floral Paper”. As the process progresses, the paper took shape in her hands, as if history and culture were meeting in front of her eyes, and became the “first paper” in Teona Kvartskhava’s life.

So,What’s rural China like? It’s about hospitable peasants, about various agricultural produce, about profound history and culture, about colorful intangible cultural heritage. It’s like a book telling numerous absorbing stories. Hopefully Teona Kvartskhava’ll be luckier to visit more villages for their unique interest and charm.

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SOURCE voc.com.cn

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