Impact of Covid-19 on Cesium Carbonate Market- Size, Share, Growth

Posted by mandar on March 25th, 2021

Cesium carbonate, a white crystalline compound, is prepared by thermal decomposition of cesium oxalate and has high solubility in polar solvents such as water, alcohol, and DMF. Cesium, considered to be the rarest alkali metals found, is the primary source for deriving cesium carbonate. Cesium carbonate is used in the alkylation of organic compounds and in energy conversion devices such as fuel cells, magneto-hydrodynamic generators, and polymer solar cells. About two-thirds of the world’s known reserves of pollucite (used to produce cesium) is based at Bernic Lake located in Southeastern Manitoba, U.S. The inclusion of cesium carbonate leads to an efficient mechanism for the aerobic oxidation of different kinds of alcohols into ketones and aldehydes at room temperature.

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Energy conversion devices such as magneto-hydrodynamic generators, thermionic emitters, and fuel cells are witnessing an increase in demand for cesium carbonate. The reason for this rise in demand for cesium carbonate is that it increases the energy effectiveness of the power conversion of solar cells and enhances the life of the equipment. Moreover, cesium carbonate has diverse applications in the chemical industry for N-alkylation of compounds such as sulfonamides, amines, β-lactams, indoles, heterocyclic compounds, N-substituted aromatic imides, and phthalimides. Several research studies have found that cesium carbonate is also useful in therapies for cancer treatment, which is further projected to drive the market. However, factors such as lack of qualified and experienced researchers is likely to hamper the expansion of the market.

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mandar
Joined: February 8th, 2021
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