Global Gadolinium Market
The global Gadolinium Market size was USD 5.7 billion in 2023 to USD 9.5 billion by 2033, exhibiting a CAGR of 5.3% during the forecast period from 2023-2033 The silvery-white metal gadolinium is a ductile rare-earth element with excellent metallurgical qualities. It can greatly improve the oxidation resistance and workability of iron, chromium, and other like metals at high temperatures. It forms a black coating when it slowly reacts with moisture or oxygen in the air. Compared to other lanthanides, gadolinium can be used as a salt that absorbs neutrons or as a rare earth metal. Gadolinium is therefore utilized in nuclear power plants, medical equipment, and other comparable purposes.