Cesium Hydroxide Market Size & Share, by Source (Lepidolite, Pollucite); Application; End use - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

APAC Market Statistics

Asia Pacific in cesium hydroxide market is set to hold more than 47.1% revenue share by 2037. The main driver of the market's growth in the region is the growing need for cesium hydroxide in industries including electronics, glassmaking, and pharmaceuticals. Also, the region witnesses increasing energy demands which has seen substantial investments in oil and gas exploration and production activities. According to the International Renewable Energy Agency, over half of the world's energy is consumed in this region, and fossil fuels provide 85% of that consumption. Over the last ten years, electrification rates have significantly increased, and in 2019, the regional electrification rate hit 96.6%. Furthermore, the expanding healthcare infrastructure and a focus on advanced medical treatments in developing nations such as India and China have boosted the demand for cesium hydroxide.

Due to its capacity to absorb neutrons, cesium is employed extensively in nuclear energy and reactors for power generation in China. Cesium-137 is a byproduct of nuclear fission in nuclear reactors. It can be disposed of as radioactive waste or a gamma source for industrial radiography. Also, due to its lengthy half-life of roughly 30 years, cesium-137 is radioactive for a considerable time. According to the China Atomic Energy Authority, 440,000 gigawatt-hours of nuclear power were generated on the Chinese mainland in 2023, making up about 5% of the country's total electrical output. A safe and steady supply of nuclear fuel is guaranteed by China's self-sufficient and extensive nuclear industry chain structure. China has established a strong basis for the superior development of nuclear energy by developing skills in engineering, construction, and operation, as well as the capacity to build numerous nuclear power units at the same time.

India has made the deliberate choice to use vitrified cesium as an irradiation source. The only nation with the technology is India of HLLW partitioning and 137Cs production in vitrified form. The state of art production of vitrified cesium pencils has been achieved through the mastery of vitrification technology. It has been demonstrated that radiocesium can be immobilized in the vitreous matrix using a sodium borosilicate (NaBS) formulation.

Furthermore, the nation has set ambitious plans to expand its oil exploration sectors, fueling demand for cesium hydroxide. For instance, in July 2024, by 2030, there will be USD 100 billion in investment opportunities in the exploration and production (E&P) sector. Also, the region is one of the major importers of cesium due to its increasing demand. For instance, from March 2023 to February 2024 (TTM), 693 shipments of cesium were imported into India. 54 Indian consumers purchased these items from 92 foreign exporters, representing a 1% increase over the previous 12 months. India purchased 51 shipments of cesium during this time, in February 2024 alone. This represents a 55% sequential increase from January 2024 and a -20% year-over-year growth from February 2023.

North America Market Analysis

North America cesium hydroxide market will gain a substantial share in the forecast period. The market growth can be attributed to the presence of major manufacturers and suppliers, making it easier for companies to access the product. Moreover, the U.S. has a robust medical research sector to find applications of cesium in medical equipment and cancer treatment. Also, the price of cesium compounds in the U.S. is deeply dependent on factors such as purity, production costs, demand, and supply chain logistics. As the isotope 133Cs, cesium is the rarest of the naturally occurring alkali metals. As a result, its compounds are uncommon, reflecting their limited availability and their expensiveness.

U.S. statistics on component pricing of cesium compounds in 2022-2023

Source: U.S. Geological: Survey’s Mineral Commodity Summaries

Furthermore, Canada has the largest deposits of cesium positioning it as a major supplier. The sole active cesium deposit is the Tanco mine in Manitoba, Canada, which has more than 60% of the world's known reserves. The mine was purchased by Sinomine Resource Group Co., Ltd. in 2021. Sinomine (Hong Kong) Rare Metals Resource Co. owns the North American Business Division, which includes Tantalum Mining Corporation of Canada, Limited (Tanco), which is its sole subsidiary. Sinomine Resources Group published the 2022 Annual Report for the Hong Kong-based Shenzhen Stock Exchange in 2023, which reported 116,400 tons of material containing 16,100 tons of Cs2O metal with a grade of 13.83%.