Global Selenium Market 2017-2021
Selenium is a rare mineral. It is amorphous in nature and has a brick-red powder appearance. When melted, rapidly it forms black, vitreous form, which is usually sold commercially as beads. The most stable and dense form of selenium is gray selenium, which has a hexagonal crystal lattice structure consisting of helical polymeric chains. Selenium forms two oxides, namely, selenium dioxide and selenium trioxide. Selenium dioxide is formed when elemental selenium reacts with oxygen and selenium trioxide is formed when anhydrous potassium selenate reacts with sulfur trioxide. Salts of selenous acids are called selenites.
Technavio’s analysts forecast the global selenium market to grow at a CAGR of 1.96% during the period 2017-2021 .
Covered in this report
The report covers the present scenario and the growth prospects of the global selenium market for 2017-2021 . To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Selenium Market 2017-2021
Technavio recognizes the following companies as the key players in the global selenium market: American Elements, Hindalco Industries, Mitsubishi Materials Corporation, SUMITOMO METAL MINING, and Umicore
Other Prominent Vendors in the market are: II-VI JAPAN, 5N Plus, Able Target Limited, Aurubis, BEHN MEYER, JX Nippon Mining & Metals, Leshan Kaiya Photoelectric Technology, Maruti Chemicals, Nippon Rare Metal, PAN PACIFIC COPPER, Process Materials, RETORTE, Salvi Chemical industries, Shinko Chemical, and Super Conductor Materials.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing use of selenium in electronic products. Selenium is a naturally occurring element in the Earth's crust. However, it is rarely available in its elemental form but is rather found as a compound with other elements. It is a semiconductor material and is used in various electronic components such as circuit boards and photosensitive drums in photocopiers. The photosensitive drum in photocopiers is the heart of the system. It is a metal roller covered by a layer of photoconductive material, which is made of a semiconductor such as selenium. Thus, the use of selenium in electronics and photocopiers will drive the growth of the global selenium market during the forecast period.”
According to the report, one of the major drivers for this market is Germany and Japan play a major role in selenium market. The major producers of selenium such as Mitsubishi Materials Corporation and SUMITOMO METAL MINING are based in Japan. Japan and Germany account for more than 64% of the global selenium production in 2016. Approximately 50% of the selenium produced in Japan was exported to China in 2016. In China, imported selenium is primarily used in ceramic tiles. The domestic demand for selenium in Japan is driven by the growing glass industry in the country.
Further, the report states that one of the major factors hindering the growth of this market is Government initiatives toward smart glasses. Selenium is used to improve the characteristics of glass. It is also used in larger quantities to decolorize heat absorbent glass that is used in automobile and office windows. Governments across the world are taking initiatives to encourage the smart glass manufacturers and capitalize on the support. There have been major projects pertaining to the applications of smart glasses in end-use industries such as the construction and automotive industries, especially in the Americas. Some of the projects that have benefited the electrochromic segment of the global smart glass market include the Marine Corps Air Station project.
American Elements, Hindalco Industries, Mitsubishi Materials Corporation, SUMITOMO METAL MINING, Umicore, II-VI JAPAN, 5N Plus, Able Target Limited, Aurubis, BEHN MEYER, JX Nippon Mining & Metals, Leshan Kaiya Photoelectric Technology, Maruti Chemicals, Nippon Rare Metal, PAN PACIFIC COPPER, Process Materials, RETORTE, Salvi Chemical industries, Shinko Chemical, and Super Conductor Materials.