Osmium is a chemical element represented by the symbol Os and has seven naturally occurring isotopes. It belongs to the platinum group and is obtained when platinum is extracted from ores such as osmiridium and iridosmine. Osmium is found in alloys of iridium and in traces of metals such as nickel and copper, and is highly volatile and water soluble in nature. It is a hard and brittle metal that remains lustrous even at high temperatures. The high toxic and volatile properties of osmium restrains its use in pure form for high-wear applications. Although manmade osmium also comes from chromium smelters, hospital incinerators, and the normal operation of cars i.e. from catalytic convertors, it is primarily the industrial extraction and refining of platinum that produces bulk of osmium.
Osmium concentrates are manufactured as a by-product of copper and nickel mining or while isolating platinum metal from its ores. Distillation or organic solvent extraction of these ores yield volatile osmium tetroxide (OsO4), which is collected and precipitated using potassium hydroxide. The resultant salt is reduced and roasted to yield a fine power of osmium.
Osmium offers a wide variety of medical applications. For instance, an alloy of 90% platinum and 10% osmium is used in surgical implants such as pacemakers and replacement heart valves due to its inertness. Furthermore, osmium tetroxide aids in fingerprint detection and staining fatty tissues using electron and optical microscopy. Different compounds combined with osmium like Organo-Osmium FY26, could aid in treating cancerous cells. Furthermore, these osmium compounds are not cross-resistant with platinum. Osmium Mettalicum 30 is a medicine that aids in treatment of glaucoma and high blood pressure. Therefore, use of osmium in the healthcare sector for various applications is a major factor expected to propel the global osmium market growth.
Filaments of osmium metal are also used as a catalyst. Furthermore, its high refractivity is desirable in space-based UV spectrometers, which have reduced mirror sizes due to space limitations.
Key Players in the Global Osmium Market
On the basis of grade, the global osmium market is segmented into:
On the basis of form, the global osmium market is segmented into:
On the basis of application, the global osmium market is segmented into:
On the basis of region the global osmium market is segmented into: