Market Overview:
The global zinc selenide crystal market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for laser optical elements and medical field applications, and the growing demand for thermal imaging systems in defense and security applications.
Product Definition:
A zinc selenide crystal is a type of semiconductor that is used in a variety of applications, including infrared optics, light emitting diodes (LEDs), and lasers.
The size of the particle ranges from 20 to 50 mm and is used in a wide range of applications. The particles are manufactured using selenium and zinc, hence the name. It has high usage in semiconductor devices as it helps with heat dissipation, thus making chips run faster. In addition, it is also used for manufacturing electronic displays due to its transparency property; which further propels its demand over the forecast period.
50-150 mm:
50-150 mm is a type of glass that is used to produce light yellowish-green colored selenide crystals. It has high dispersion and low refractive index as compared to other types of glasses such as borosilicate and crown. The 50-150 mm type of glass can be used in the production process for zinc selenide (ZnSe) crystal, which has wide range applications including semiconductors, optoelectronics, thin film materials etc.
Application Insights:
The thermal imaging system segment is projected to witness the fastest growth over the forecast period. The product has a wide range of applications in various fields such as medical, laser optical element, and others. In thermal imaging systems, it is used for non-invasive body temperature measurement and other related parameters. It provides high resolution images owing to its superior properties such as low dark current and high signal intensity which makes it suitable for use in thermal imaging devices.
Laser optical elements are expected to be one of the prominent application segments over the forecast period owing to its rising adoption in various industries including automotive & transportation and electronics where it is used for cutting purposes or as an optical fiber source/sink.
Regional Analysis:
Asia Pacific dominated the global zinc selenide crystal market in terms of revenue with a share of over 60% in 2017. The growth is attributed to rising demand from end-use industries such as electronics, medical devices and solar energy. China is one of the major producers and consumers for ZnSe products globally. It accounted for a production volume share of around 70% in 2017 owing to large reserves of raw materials, namely selenium and sulfur.
The Asia Pacific region is expected to witness significant growth over the forecast period on account rising population coupled with increasing disposable income leading to higher consumer spending on electronic appliances including mobile phones, laptops etc., which will drive product demand further. In addition, India has huge reserves off zinc blende which can be utilized as an alternative material for producing ZnSe crystals thus driving regional market growth during the forecast period from 2018 to 2030 (See Table 1).
Growth Factors:
- Increasing demand from optoelectronics and photonics applications
- Growing adoption of zinc selenide crystals in infrared optics and detectors
- Rising demand for high-quality zinc selenide crystals from the semiconductor industry
- Proliferation of next-generation data centers that require more efficient thermal management solutions
- Increasing investments in research and development to develop new applications for zinc selenide crystals
Scope Of The Report
Report Attributes
Report Details
Report Title
Zinc Selenide Crystal Market Research Report
By Type
<50 mm, 50-150 mm, 150-250 mm, >250 mm
By Application
Laser Optical Element, Medical Field, Thermal Imaging System, Others
By Companies
II-VI Incorporated, EO, TYBANG, R'AIN Group, Crystaltechno, Alkor Technologies, Wavelength-tech, Sinoma, Grinm Advanced Materials, Vital Materials, ATS Optical Material, Skight Optics, Altechna, EKSMA Optics
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
223
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Zinc Selenide Crystal Market Report Segments:
The global Zinc Selenide Crystal market is segmented on the basis of:
Types
<50 mm, 50-150 mm, 150-250 mm, >250 mm
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
Laser Optical Element, Medical Field, Thermal Imaging System, 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:
- II-VI Incorporated
- EO
- TYBANG
- R'AIN Group
- Crystaltechno
- Alkor Technologies
- Wavelength-tech
- Sinoma
- Grinm Advanced Materials
- Vital Materials
- ATS Optical Material
- Skight Optics
- Altechna
- EKSMA Optics
Highlights of The Zinc Selenide Crystal 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:
- <50 mm
- 50-150 mm
- 150-250 mm
- >250 mm
- By Application:
- Laser Optical Element
- Medical Field
- Thermal Imaging System
- 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 Zinc Selenide Crystal 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- 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?
Zinc selenide is a mineral that is composed of zinc and selenium. It is a crystalline form of these elements, meaning that it has well-defined geometric shapes. Zinc selenide crystals are often transparent and have a bright luster.
Some of the major players in the zinc selenide crystal market are II-VI Incorporated, EO, TYBANG, R'AIN Group, Crystaltechno, Alkor Technologies, Wavelength-tech, Sinoma, Grinm Advanced Materials, Vital Materials, ATS Optical Material, Skight Optics, Altechna, EKSMA Optics.
The zinc selenide crystal market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Zinc Selenide Crystal 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 Zinc Selenide Crystal Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Zinc Selenide Crystal 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 Zinc Selenide Crystal 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 Zinc Selenide Crystal Market Size & Forecast, 2020-2028
4.5.1 Zinc Selenide Crystal Market Size and Y-o-Y Growth
4.5.2 Zinc Selenide Crystal 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 <50 mm
5.2.2 50-150 mm
5.2.3 150-250 mm
5.2.4 >250 mm
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 Laser Optical Element
6.2.2 Medical Field
6.2.3 Thermal Imaging System
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Zinc Selenide Crystal 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 Zinc Selenide Crystal 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 <50 mm
9.6.2 50-150 mm
9.6.3 150-250 mm
9.6.4 >250 mm
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 Laser Optical Element
9.10.2 Medical Field
9.10.3 Thermal Imaging System
9.10.4 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 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 <50 mm
10.6.2 50-150 mm
10.6.3 150-250 mm
10.6.4 >250 mm
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 Laser Optical Element
10.10.2 Medical Field
10.10.3 Thermal Imaging System
10.10.4 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 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 <50 mm
11.6.2 50-150 mm
11.6.3 150-250 mm
11.6.4 >250 mm
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 Laser Optical Element
11.10.2 Medical Field
11.10.3 Thermal Imaging System
11.10.4 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 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 <50 mm
12.6.2 50-150 mm
12.6.3 150-250 mm
12.6.4 >250 mm
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 Laser Optical Element
12.10.2 Medical Field
12.10.3 Thermal Imaging System
12.10.4 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) 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 <50 mm
13.6.2 50-150 mm
13.6.3 150-250 mm
13.6.4 >250 mm
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 Laser Optical Element
13.10.2 Medical Field
13.10.3 Thermal Imaging System
13.10.4 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 Zinc Selenide Crystal Market: Competitive Dashboard
14.2 Global Zinc Selenide Crystal Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 II-VI Incorporated
14.3.2 EO
14.3.3 TYBANG
14.3.4 R'AIN Group
14.3.5 Crystaltechno
14.3.6 Alkor Technologies
14.3.7 Wavelength-tech
14.3.8 Sinoma
14.3.9 Grinm Advanced Materials
14.3.10 Vital Materials
14.3.11 ATS Optical Material
14.3.12 Skight Optics
14.3.13 Altechna
14.3.14 EKSMA Optics
