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How big is the osmium market?
Is osmium a popular precious metal? Or is it fading in popularity?
Which country is the largest producer of osmium in the world?
Find out in my updated osmium industry statistics guide for 2025.
Use this jump link to jump to the KEY STATS section.
All the references and resources I used in crafting my stats guide are listed at the bottom of the page.
Jump here: Key Osmium Industry Statistics, Facts and Trends| Detailed Osmium Industry Statistics, Facts and Trends for this Year
Table of Contents
Key Osmium Industry Statistics, Facts and Trends
Key Osmium Industry Statistics, Facts and Trends for 2025
- The global osmium market was valued at approximately $695.39 million in 2024. (Source)
- The market is expected to reach $1.2 billion by 2034 growing at a CAGR of 4% per year with some projections showing even steeper growth ($1.4 billion by 2033). (Source)
- Approximately 1-2 metric tons of osmium are produced globally each year And it’s been like this for decades as the demand for osmium stayed flat for a long time. (Source)
- Osmium has recently become a more popular precious metal and the demand for it is growing (fueled by the market’s increased needs for corrosion-resistant metals). (Source)
- By 2032 it’s predicted 3 tons of osmium will be mined each year to accommodate the higher demand for this noble metal. (Source)
- Total worldwide production of platinum group metals is ~480 metric tons. 0.4% of it is Osmium (1-2 tons mined per year). PGM’s are platinum, palladium, rhodium, ruthenium, osmium, and iridium. (Source)
- Global reserves of platinum-group metals (including osmium) are 81 000 metric tons. Osmium global reserves are just 20 tons. (Source)
- Osmium is extremely rare as it’s only the 81st most abundant element in the Earth’s crust. Osmium is obtained commercially as a by-product from nickel and copper mining and processing. (Source)
- The countries with the largest osmium reserves are South Africa, Russia, and Canada. (Source)
- South Africa has 10 tones of osmium on its territory, or roughly 50% of the global osmium reserves of just 20 tons. The largest known osmium reserves in South Africa are in the Bushveld Igneous Complex. (Source)
- South Africa produces 51% of world’s osmium per year. (Source)
- Russia has 6 tones of osmium on its territory, or roughly 30% of the global osmium reserves of just 20 tons. The largest known osmium reserves in Russia are copper-nickel deposits near Norilsk and the Guli Massif in northern Siberia. (Source)
- Russia produces 33.3% of world’s osmium per year. (Source)
- Canada has 4 tones of osmium on its territory, or roughly 20% of the global osmium reserves of just 20 tons. The largest known osmium reserves in Canada are in the Sudbury Basin. (Source)
- Canada produces 13.8% of world’s osmium per year. (Source)
- Osmium is primarily used in catalysis, the electrical industry, and the production of hard alloys. It’s also found in medical applications, jewelry, and scientific research. (Source)
- 0.1% of osmium is used in creating pure osmium bullion for interested investors. (Source)
- 4% of osmium mined during the year is used in producing exquisite and extremely expensive jewelry pieces. (Source)
- 95.9% of osmium mined during the year is used up in various industries, especially where osmium is the unique material for the job. (Source)
- Roughly 150kg of osmium is recycled per year. The amount of recycled osmium is growing linearly YoY because every year the amount of osmium on the market gradually increases and because every year the amount of osmium used in various industries is higher than the year before. (Source)
Detailed Osmium Industry Statistics, Facts and Trends for this Year
What is The Global Osmium Market Value?
The global osmium market was valued at approximately $695.39 million in 2024. (Source)
The market is expected to reach $1.2 billion by 2034 growing at a CAGR of 4% per year with some projections showing even steeper growth ($1.4 billion by 2033). (Source)
How Much Osmium is Produced Per Year?
Approximately 1-2 metric tons of osmium are produced globally each year. And it’s been like this for decades as the demand for osmium stayed flat for a long time. (Source)
Osmium has recently become a more popular precious metal and the demand for it is growing (fueled by the market’s increased needs for corrosion-resistant metals). (Source)
By 2032 it’s predicted 3 tons of osmium will be mined each year to accommodate the higher demand for this noble metal. (Source)
Total worldwide production of platinum group metals is ~480 metric tons. 0.4% of it is Osmium (1-2 tons mined per year). (Source)
Note: PGM’s are platinum, palladium, rhodium, ruthenium, osmium, and iridium.
What Are The Global Reserves of Osmium? How Much Osmium Remain in the Earth’s Crust?
Global reserves of platinum-group metals (including osmium) are 81 000 metric tons. Osmium global reserves are just 20 tons. (Source)
Osmium is extremely rare as it’s only the 81st most abundant element in the Earth’s crust. Osmium is obtained commercially as a by-product from nickel and copper mining and processing. (Source)
Which Countries in the World have the Largest Osmium Reserves?
The countries with the largest osmium reserves are South Africa, Russia, and Canada. (Source)
South Africa has 10 tones of osmium on its territory, or roughly 50% of the global osmium reserves of just 20 tons. The largest known osmium reserves in South Africa are in the Bushveld Igneous Complex. (Source)
South Africa produces 51% of world’s osmium per year. (Source)
Russia has 6 tones of osmium on its territory, or roughly 30% of the global osmium reserves of just 20 tons. The largest known osmium reserves in Russia are copper-nickel deposits near Norilsk and the Guli Massif in northern Siberia. (Source)
Russia produces 33.3% of world’s osmium per year. (Source)
Canada has 4 tones of osmium on its territory, or roughly 20% of the global osmium reserves of just 20 tons. The largest known osmium reserves in Canada are in the Sudbury Basin. (Source)
Canada produces 13.8% of world’s osmium per year. (Source)
How is Mined Osmium Commercially Used?
Osmium is primarily used in catalysis, the electrical industry, and the production of hard alloys. It’s also found in medical applications, jewelry, and scientific research. (Source)
1% of osmium is used in creating pure osmium bullion for interested investors. (Source)
3.1% of osmium mined during the year is used in producing exquisite and extremely expensive jewelry pieces. (Source)
95.9% of osmium mined during the year is used up in various industries, especially where osmium is the unique material for the job. (Source)
How Much Osmium is Recycled Each Year?
Roughly 150kg of osmium is recycled per year. (Source)
The amount of recycled osmium is growing linearly YoY because every year the amount of osmium on the market gradually increases and because every year the amount of osmium used in various industries is higher than the year before. (Source)
Osmium Industry Statistics, Facts Trends and Data Guide (Conclusion)
My updated guide for 2025 lists the best and latest statistics, facts, trends and data about osmium industry and how this precious metal is used worldwide.
I hope you enjoyed it because the guide is now over.
During my research I consulted these resources below:
References:
- Osmium Industry Statistics- https://www.coherentmarketinsights.com/market-insight/osmium-market-2000
- 10 facts about crystalline osmium- https://www.osmium-institut.si/en/osmium-facts/
- Facts About Osmium- https://www.livescience.com/39142-osmium.html
- Welcome to osmium, the densest naturally occurring element on Earth- https://editverse.com/know-the-material-osmium-the-densest-metal-on-earth/
- Global Osmium Market Overview- https://www.marketresearchfuture.com/reports/osmium-market-25103
- Osmium Metal Market Size, Share, Growth, and Industry Analysis, By Type (Pure Osmium, Osmium Alloys), By Application (Scientific Instruments, Electrical Contacts, Chemical Catalysts), Regional Insights and Forecast to 2099- https://www.marketgrowthreports.com/market-reports/osmium-metal-market-113871
- Global Osmium Market Size Propelling Growth to $856 Million With CAGR of 3.82%- https://finance.yahoo.com/news/global-osmium-market-size-propelling-143800502.html
- Global Osmium Market Size, Share, Growth Analysis Report – Forecast 2034- https://www.zionmarketresearch.com/report/global-osmium-market-size
- Osmium is the eighth and last precious metal.- https://www.osmium-world-council.com/en/
Nikola Roza
Nikola Roza is a blogger behind Nikola Roza- SEO for the Poor and Determined. He writes for bloggers who don't have huge marketing budget but still want to succeed. Nikola is passionate about precious metals IRAs and how to invest in gold and silver for a safer financial future. Learn about Nikola here.