Report Code: A07329 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
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Tellurium is a semi metallic, lustrous, crystalline, & brittle silver-white element. It is usually available as a dark grey powder, and comprises the properties of metals and non-metals. Tellurium improves the machinability of copper & stainless steel and decreases the corrosive action of sulfuric acid on lead while improving its hardness. It mainly constitutes as a basic component in blasting caps, and is added to cast iron for chill control. Furthermore, it is used in ceramics and glass to impart color. In addition, bismuth telluride is used in thermoelectric devices. When added to rubber, it speeds up the curing process, increases the anti-aging properties, and less affected by oil. Various uses of tellurium are in electronics and metallurgy such as iron, copper, and lead.
COVID-19 scenario analysis:
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
Increased demand from the consumer electronics industry is expected to offer lucrative growth opportunities for tellurium. Tellurium alloys are used in various consumer electronics products such as mobile phones, LED displays & projector, wearable electronic devices, gaskets & lighting, and rollers. Advancements in semiconductors and the shift toward ICs drive manufacturers to produce smaller electro-mechanical components, thereby fuelling the market growth. The increase in need for miniaturization of electronic components has led to an increase in the use of advanced materials, such as tellurium, for the manufacture of nanostructured semiconductors.
Factors that hamper the tellurium market are the availability of low-price substitutes to tellurium, including selenium, niobium, and tantalum based on their thermodynamic characteristics, thereby declining the use of tellurium. In addition, stringent rules and regulations imposed by governments while processing of metals restrict the use of rubber additives.
Surge in usage of tellurium in industrial applications:
Based on region, the tellurium market is segmented into North America, Europe, Asia-Pacific, and LAMEA. The APAC region has the largest market share in the global tellurium market, owing to growing automotive and steel industries. Based on segment, the solar panels segment growth is expected to be faster than the growth of the metallurgy segment. Tellurium production is mainly a byproduct of copper processing. In addition, tellurium has been used to vulcanize rubber, to tint glass & ceramics, in solar cells, in rewritable CDs & DVDs, and as a catalyst in oil refining. It can be fixed with silver, gold, copper or tin in semiconductor applications. In metallurgy, tellurium is used as a free-machining additive in steel. It is mainly used to improve machinability while not reducing conductivity in copper, improve resistance to vibration and fatigue in lead, and also used as a carbide stabilizer in malleable iron.
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Questions answered in the tellurium market research report:
Tellurium Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | II-VI Incorporated, 5N Plus Inc., A&M Group Ltd., Pan Pacific Copper Co. Ltd., Boliden Group, Kisan Kinzoku Chemicals Co. Ltd., GRUPO MEXICO SAB DE CV, Umicore, MMC Norilsk Nickel, UMMC-Holding Corp., Shinko Chemical Co. Ltd. |
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