Market Overview:
Selenous acid is a colorless, oily liquid with a pungent odor. It is soluble in water and ethanol. Selenous acid finds application as a chemical reagent, alkaloid reagent, electroplating agent and other applications. The global selenous acid market is expected to grow at a CAGR of 5% during the forecast period 2018-2030. Some of the factors that are driving the growth of the global selenous acid market are increasing demand for selenium compounds in various end-use industries and growing awareness about benefits of selenium compounds among consumers.
Product Definition:
Selenous acid is a chemical compound with the formula H2SeO3. Selenous acid is a colorless, weakly acidic liquid that is soluble in water. It is produced when selenium dioxide reacts with sulfuric acid. Selenous acid has various applications in industry, including as an etchant and as a bleaching agent.
93% Purity:
93% Purity is a form of selenium that has been purified to near-patient ready (NRA) level. It is the purest form available in nature and can be manufactured by chemical or alchemical means. Selenium found in nature usually ranges from 20% to 80%, with most sources falling between 50%-70%.
Above 93% Purity:
93% purity or more than that is known as selenium yeast (selenous acid) and it's majorly used in the production of semiconductors. It also plays an important role in the rubber industry for manufacturing tires. Selenium is a key raw material used to manufacture electronic products such as silicon wafers, solar photovoltaic cells, and integrated circuits which are consumed globally in huge quantities.
Application Insights:
The other application segment of selenium acid includes its use as a chemical reagent in the pharmaceutical industry, in the production of alkaloids and also for electroplating. The demand for selenium acid is expected to grow on account of increasing applications across various industries such as pharmaceuticals, paints & coatings and also for Selenomethionate (SEM) production.
In terms of revenue, the alkaloid reagent application segment dominated North America with a share of over 40% in 2017 owing to high usage as an oxidizing agent or reducing agent or both during organic synthesis. In addition, it is used extensively during functional group transformations that include alkylation/arylation/deprotonation and dehalogenation procedures which are widely utilized across several industries including pharmaceuticals where it finds major applications.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to maintain its position throughout the forecast period. The presence of a large number of selenium-producing countries such as China, India, Japan and South Korea is anticipated to drive the product demand in Asia Pacific. In addition, increasing awareness regardingselenium-based products among end users coupled with growing industrialization is likely to have a positive impact on market growth over the coming years.
The Latin American region accounted for a volume share of 7% in 2017 owing to high production levels observed in Mexico and Brazil. Increasing exploration activities for new selenium reserves are projected favorably affect market growth over the forecast period along with growing chemical manufacturing industry due to abundant availability of raw materials at relatively lower costs comparedto those prevailing globally.
Europe emerged as one ofthe major consumersofselenous acid owing primarilyto its rising application scopein various industries including pharmaceuticals, agrochemicals & fertilizers, water treatment etc.
Growth Factors:
- Increasing demand from the pharmaceutical and agrochemical industries for Selenous Acid as a precursor to selenium-containing drugs and pesticides.
- Growing awareness of the health benefits of selenium, which is driving demand for Selenous Acid as a dietary supplement.
- Increasing use of Selenous Acid in water treatment plants to remove arsenic and other heavy metals from drinking water supplies.
- Rising demand for selenium-rich foods, such as Brazil nuts, that are boosting consumption of Selenous Acid worldwide.
- Growing investment in research and development activities aimed at discovering new applications for Selenous Acid in various industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Selenous Acid Market Research Report
By Type
93% Purity, Above 93% Purity
By Application
Chemical Reagent, Alkaloid Reagent, Electroplating, Other
By Companies
Omkar Speciality Chemicals, Huanghua Jinhua Additives
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
132
Number of Tables & Figures
93
Customization Available
Yes, the report can be customized as per your need.
Global Selenous Acid Market Report Segments:
The global Selenous Acid market is segmented on the basis of:
Types
93% Purity, Above 93% Purity
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
Chemical Reagent, Alkaloid Reagent, Electroplating, Other
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:
- Omkar Speciality Chemicals
- Huanghua Jinhua Additives
Highlights of The Selenous Acid 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:
- 93% Purity
- Above 93% Purity
- By Application:
- Chemical Reagent
- Alkaloid Reagent
- Electroplating
- Other
- 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 Selenous Acid 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?
Selenous acid is a type of acid found in the earth's crust. It is also produced by some types of bacteria and can be harmful if ingested. Selenous acid can cause skin irritation, eye irritation, and respiratory problems if inhaled.
Some of the major companies in the selenous acid market are Omkar Speciality Chemicals, Huanghua Jinhua Additives.
The selenous acid market is expected to grow at a compound annual growth rate of 5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Selenous Acid 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 Selenous Acid Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Selenous Acid 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 Selenous Acid 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 Selenous Acid Market Size & Forecast, 2020-2028
4.5.1 Selenous Acid Market Size and Y-o-Y Growth
4.5.2 Selenous Acid Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 93% Purity
5.2.2 Above 93% Purity
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Chemical Reagent
6.2.2 Alkaloid Reagent
6.2.3 Electroplating
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Selenous Acid 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 Selenous Acid 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 93% Purity
9.6.2 Above 93% Purity
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 Market Size Forecast by Applications
9.10.1 Chemical Reagent
9.10.2 Alkaloid Reagent
9.10.3 Electroplating
9.10.4 Other
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 93% Purity
10.6.2 Above 93% Purity
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 Market Size Forecast by Applications
10.10.1 Chemical Reagent
10.10.2 Alkaloid Reagent
10.10.3 Electroplating
10.10.4 Other
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 93% Purity
11.6.2 Above 93% Purity
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 Market Size Forecast by Applications
11.10.1 Chemical Reagent
11.10.2 Alkaloid Reagent
11.10.3 Electroplating
11.10.4 Other
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 93% Purity
12.6.2 Above 93% Purity
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 Market Size Forecast by Applications
12.10.1 Chemical Reagent
12.10.2 Alkaloid Reagent
12.10.3 Electroplating
12.10.4 Other
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 93% Purity
13.6.2 Above 93% Purity
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) Market Size Forecast by Applications
13.10.1 Chemical Reagent
13.10.2 Alkaloid Reagent
13.10.3 Electroplating
13.10.4 Other
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 Selenous Acid Market: Competitive Dashboard
14.2 Global Selenous Acid Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Omkar Speciality Chemicals
14.3.2 Huanghua Jinhua Additives
