Market Overview:
The global high purity selenium market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for selenium in various applications, such as industrial, scientific research, and others. Selenium is a trace element that is required for human health in very small quantities. It has antioxidant properties and helps protect cells from damage caused by free radicals. Selenium also plays an important role in thyroid function and reproduction.
Product Definition:
High purity selenium is a form of the element selenium that has been purified to 99.999% or greater. This form of selenium is used in semiconductor and other high-tech manufacturing processes, as well as in analytical laboratories for sensitive scientific measurements.
4N:
4N, also known as quadruple nitrogen or N quaternary, is a chemical compound. It is a colorless and highly flammable gas with an odor similar to that of garlic. 4N compounds are used in various applications such as the production of fertilizers and pesticides.
5N:
5N is the fifth generation of Selenium and it's used in high purity selenium market on account of its superior properties such as less reactivity, higher electrical conductivity, and thermal conductivity. It has a wide range of applications from semiconductors to electronics industry. 5N Selenium is produced by fractional distillation process using special feedstock which contains no more than 0.1% impurities other than pure selenium metal.
Application Insights:
High purity selenium is used in various applications including industrial, scientific research and others. In terms of revenue, the industrial application dominated the global market with a share of over 60% in 2017. The use of selenium in various industries such as semiconductors, solar cells and LEDs is expected to increase on account of its superior characteristics such as high corrosion resistance and non-reactivity towards other elements making it an ideal choice for electronic components manufacturing.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The presence of major selenium-producing countries such as China, India, and Japan along with growing demand from various end-use industries are anticipated to drive the APAC market growth.
China accounted for a share of more than 80% of global production owing to easy availability of raw materials in that country. In addition, increasing investments by domestic manufacturers coupled with government support is projected to boost China's production output over the coming years which will have a positive impact on overall global high purity selenium industry growth.
North America emerged as one of the prominent consumers due to presence several key companies there along with rising R&D activities relatedto purification techniques used forselenium products manufacturing by these companies; this trend is expected tobecome beneficial for North American high purity seleniummarket over next few years.
Growth Factors:
- Increasing demand from electronics and semiconductor industry for selenium as a dopant in silicon to improve the performance of transistors is expected to drive the growth of high purity selenium market.
- Growing demand for solar energy owing to increasing awareness about environment friendly energy sources is projected to boost the growth of high purity selenium market over the forecast period.
- Selenium is used as an additive in animal feed supplements due to its antioxidant properties, which is anticipated to propel the growth of high purity selenium market during the forecast period.
- Rising application scope of selenium in pharmaceuticals and biotechnology sector on account of its anti-inflammatory and anticancer properties is likely to fuel demand for high purity selenium over next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
High Purity Selenium Market Research Report
By Type
4N, 5N, 6N, Others
By Application
Industrial, Scientific Research, Others
By Companies
Hindalco Industries, American Elements, Sumitomo Metal Mining, Mitsubishi Materials, Umicore, II-VI Incorporated, 5N Plus, Aurubis, Nippon Rare Metal, Able Target Limited, Hindalco Industries, Shinko Chemical, Pan Pacific Copper, Behn Meyer & Company, Salvi Chemical industries, JX Nippon Mining & Metals, Leshan Kaiya Photoelectric Technology
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
177
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global High Purity Selenium Market Report Segments:
The global High Purity Selenium market is segmented on the basis of:
Types
4N, 5N, 6N, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial, Scientific Research, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hindalco Industries
- American Elements
- Sumitomo Metal Mining
- Mitsubishi Materials
- Umicore
- II-VI Incorporated
- 5N Plus
- Aurubis
- Nippon Rare Metal
- Able Target Limited
- Hindalco Industries
- Shinko Chemical
- Pan Pacific Copper
- Behn Meyer & Company
- Salvi Chemical industries
- JX Nippon Mining & Metals
- Leshan Kaiya Photoelectric Technology
Highlights of The High Purity Selenium Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 4N
- 5N
- 6N
- Others
- By Application:
- Industrial
- Scientific Research
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High Purity Selenium Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Selenium is a mineral that is used in industry to make products such as glass, plastics, and semiconductors. Selenium has a very high purity level, meaning that it contains only selenium atoms without any other elements.
Some of the major companies in the high purity selenium market are Hindalco Industries, American Elements, Sumitomo Metal Mining, Mitsubishi Materials, Umicore, II-VI Incorporated, 5N Plus, Aurubis, Nippon Rare Metal, Able Target Limited, Hindalco Industries, Shinko Chemical, Pan Pacific Copper, Behn Meyer & Company, Salvi Chemical industries, JX Nippon Mining & Metals, Leshan Kaiya Photoelectric Technology.
The high purity selenium market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Purity Selenium Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 High Purity Selenium Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Purity Selenium Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the High Purity Selenium Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global High Purity Selenium Market Size & Forecast, 2018-2028
4.5.1 High Purity Selenium Market Size and Y-o-Y Growth
4.5.2 High Purity Selenium Market Absolute $ Opportunity
Chapter 5 Global High Purity Selenium Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 High Purity Selenium Market Size Forecast by Type
5.2.1 4N
5.2.2 5N
5.2.3 6N
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global High Purity Selenium Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 High Purity Selenium Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Scientific Research
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Purity Selenium Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 High Purity Selenium Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America High Purity Selenium Analysis and Forecast
9.1 Introduction
9.2 North America High Purity Selenium Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America High Purity Selenium Market Size Forecast by Type
9.6.1 4N
9.6.2 5N
9.6.3 6N
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America High Purity Selenium Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Scientific Research
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe High Purity Selenium Analysis and Forecast
10.1 Introduction
10.2 Europe High Purity Selenium Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe High Purity Selenium Market Size Forecast by Type
10.6.1 4N
10.6.2 5N
10.6.3 6N
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe High Purity Selenium Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Scientific Research
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific High Purity Selenium Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific High Purity Selenium Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific High Purity Selenium Market Size Forecast by Type
11.6.1 4N
11.6.2 5N
11.6.3 6N
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific High Purity Selenium Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Scientific Research
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America High Purity Selenium Analysis and Forecast
12.1 Introduction
12.2 Latin America High Purity Selenium Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America High Purity Selenium Market Size Forecast by Type
12.6.1 4N
12.6.2 5N
12.6.3 6N
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America High Purity Selenium Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Scientific Research
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) High Purity Selenium Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) High Purity Selenium Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) High Purity Selenium Market Size Forecast by Type
13.6.1 4N
13.6.2 5N
13.6.3 6N
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) High Purity Selenium Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Scientific Research
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 High Purity Selenium Market: Competitive Dashboard
14.2 Global High Purity Selenium Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hindalco Industries
14.3.2 American Elements
14.3.3 Sumitomo Metal Mining
14.3.4 Mitsubishi Materials
14.3.5 Umicore
14.3.6 II-VI Incorporated
14.3.7 5N Plus
14.3.8 Aurubis
14.3.9 Nippon Rare Metal
14.3.10 Able Target Limited
14.3.11 Hindalco Industries
14.3.12 Shinko Chemical
14.3.13 Pan Pacific Copper
14.3.14 Behn Meyer & Company
14.3.15 Salvi Chemical industries
14.3.16 JX Nippon Mining & Metals
14.3.17 Leshan Kaiya Photoelectric Technology
