A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Californium
Market.
The study, titled “Californium
Market - Global Industry Analysis, Size, Share, Trends and Forecast
2015 - 2023”,
is available for sale on the firm’s website.
Californium
is one of the highly radioactive elements and is a silvery white
colored element. Californium belongs to the actinide series and is
considered as rare earth element. The element californium derives its
name from state of California as it was first synthesized in 1950 at
the University of California. Californium is one of the few
trans-uranium elements which could be synthesized and used for
practical applications. Californium finds application in starting of
nuclear reactors mainly due to its ability of emitting neutrons.
Moreover, californium can also be used to study the neutron
spectroscopy or neutron diffraction. Californium plays a vital role
in synthesizing higher mass elements such as ununoctium.
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In
spite of its considerable usages in nuclear reactor and in
synthesizing of heavy mass elements, the radioactive nature of
californium affects its application. Californium is produced in very
miniscule quantities in nuclear reactor by bombarding plutonium by
neutrons. Since, the production of californium is very less, the
market for californium is extremely niche. Currently the production
for californium carried out in very small quantities at the Oak Ridge
National Laboratory in U.S. and in Research Institute of Atomic
Reactors, Russia.
Californium
exists in two crystalline forms under normal pressure and the third
form at extremely high pressure. The two crystalline forms available,
tend to get tarnished at room temperature. The most common isotope of
californium (californium-252) has a half life of 2.64 years while the
most stable isotope of californium (californium-251) has a half life
of 898 years. Californium is chiefly used as a source of emission of
neutrons in nuclear reactor. According to one of the researches, one
micro gram of californium has a capability to release 0.17 billion
neutrons suitable to start multiple nuclear fission reactions. This
ability of californium enhances the delivery of neutrons in nuclear
reactors, making it ideal substitute for various other radioactive
elements used for free neutrons source. Moreover, as californium
emits high amount of neutrons, it could be used in the discovery of
precious metals such as silver or gold. This potential application is
expected to boost the demand for californium in next few years.
Furthermore, one of the isotopes of californium (californium-252)
finds usage in cancer treatment. Recently, californium is used in
moisture gauges primarily used in detecting ground water movement.
The radioactive nature of californium coupled with its complex
process of production is anticipated to restrict the large scale
production of californium, thus affecting californium market to
certain extent.
Considering
all the potential usages, the market for californium is expected to
grow in next few years. The cancer treatment application is
anticipated to increase the production of californium making it
available in commercial quantities. The demand for californium is
expected to be high from developed regions such as Europe and the U.S
as these regions show tremendous growth potential in cancer research.
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accurate market forecast and analysis on the Californium market.
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Owing
to strong research work in nuclear reactions and its potential
benefits, the californium market is anticipated to flourish in the
developed regions. Moreover, californium has a strong ability of
synthesizing heavy mass elements which makes californium vital in
research work. The capability of californium to release large number
of neutrons could be used in discovery of precious elements such as
gold and silver. In spite of the challenges posed regarding the
production of californium, the potential range of applications is
expected to drive the market of californium in the developed regions.
This
research report analyzes this market on the basis of its market
segments, major geographies, and current market trends.
Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Middle East and Africa
- Latin America
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
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Us
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