“Global Ruthenium Market: Growth, Outlook, and Competitive Analysis, 2018 – 2030” is the most recent market study released by Credence Research, Inc. The global ruthenium market had revenue of about USD 1294.5 million in 2022, and it is predicted that it will increase at a CAGR of more than 4.80% from 2018 to 2030, reaching about USD 1797.34 million.
Market Overview
Ruthenium is a polyvalent silvery-white metal and the latest member of the platinum group to be identified. In North and South America, this element is typically found in ores along with other platinum group metals (PGM). In platinum alloying and chemical catalysis, ruthenium has a small role. Ruthenium has recently been used as the capping layer for UV photomasks. The need for thick film chip resistors, hard disks, and plasma display panels in the electrical industry is one of the main drivers of the growth of the worldwide ruthenium market. The need for ruthenium as a catalyst, particularly in the Chlor-alkali process, is projected to accelerate global growth further. In addition to these important uses, thin-film solar cells and superalloys will significantly contribute. However, the government rules and the scarcity of ruthenium are limiting this market’s expansion.
Company Profile
- Dyesol
Third-generation ruthenium-based Perovskite Solar Cell (PSC) technology is a specialty of Dyesol Limited, a renewable energy provider. The company’s goal is to develop a workable, inexpensive source of electricity that can upend the world’s energy supply and balance. The PSC photovoltaic industry is one that Dyesol is committed to successfully commercializing. Dyesol manufactures and supplies PSC materials.
- OXKEM
Established in 1986, Oxkem Ltd. Manufacturing of chemical preparations is a business activity for the corporation. The company is a top producer and exporter of chemicals in the European Union (EU) and one of the top chemical manufacturing firms with headquarters in the UK. Oxkem manufactures a large variety of organic and inorganic metal salts like ruthenium at our UK location.
- Tanaka Kikinzoku Kogyo K.K
A Japanese manufacturer of precious metal materials with a primary concentration on goods for the electronics, semiconductor, and automobile industries, the Tanaka Kikinzoku Group was established in 1885. The company Tanaka Kikinzoku Kogyo KK produces and sells precious metals. The company produces platinum, gold, silver, and other precious metals like ruthenium. Additionally, Tanaka Kikinzoku Kogyo offers services for recycling and refining precious metals.
- Johnson Matthey
With its headquarters in London, England, Johnson Matthey is a multinational British corporation that specializes in sustainable technology and specialty chemicals. It is a supplier of specialty chemicals and green technology. It provides catalysts and associated technology for the chemical, pharmaceutical, and automotive industries. Additionally, it is involved in the marketing, distribution, production, refinement, and recycling of items made from precious metals like ruthenium. Additionally, it creates and produces active medicinal substances.
- Merck KGaA
A scientific and technical business called Merck KGaA produces pharmaceutical and chemical products. It operates in the healthcare, life science, and performance materials industries. The healthcare industry finds, creates, and makes prescription drugs that are used to treat conditions like cancer, multiple sclerosis, and infertility. The life sciences industry offers tools, services, and technologies for laboratories to scientists. The performance materials industry provides speciality chemicals and materials like ruthenium for demanding applications.
- Strem Chemicals Inc.
Specialty chemicals are produced by Strem Chemicals, Inc. The company supplies the pharma, microelectronic, chemical, and petrochemical industries with metal carbonyls, metal catalysts like ruthenium, inorganics, organometallics, and nanomaterials. Strem Chemicals serve international clients.
- Heraeus Holding GmbH
Heraeus Holding GmbH (Heraeus) is a business that deals with technology and precious metals. The company’s main areas of interest are photovoltaics, materials and technology, sensors, medicinal devices, precious metals including ruthenium, and other enterprises. Additionally, it deals in the provision of goods and services involving precious metals. Chemical goods, medical supplies, pharmaceutical substances, and specialty lamps are all available from Heraeus.
- Apeiron Synthesis
Apeiron Synthesis’ goal is to fully realise the benefits of olefin metathesis in synthetic chemistry by providing efficient and affordable solutions for R&D and commercial manufacturing processes. These solutions can be used in a variety of industries, including agrichemicals, fine chemicals, flavour and fragrance, polymers, pharmaceuticals, and biotechnology. With over twenty high performance metathesis catalysts, including ruthenium, offered by Apeiron in amounts ranging from milligrammes to multiple kilogrammes and are intended to handle various applications, their portfolio is continuously expanding.
- BASF
The largest chemical producer in the world is a European multinational corporation called BASF SE. Ludwigshafen, Germany, is home to the organization’s headquarters. It serves clients in more than 190 nations and provides goods to a wide range of industries. Its product portfolio includes everything from oil and gas to chemicals, polymers, performance goods, and crop protection items. It combines economic success, environmental protection, and social responsibility as the top chemical corporation in the world.
