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Tellurium Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

A07329
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Dec 2020 | 48 Views
 
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Tellurium Market Analysis 2020-2027:

 

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.

Market scope and structure analysis:

Report Metric

Details

Market size available for years

2019–2027

Base year considered

2019

Forecast period

2020–2027

Forecast unit

Value (USD Million)

Segments covered

Type, End Use Industry, and Region

Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa

Companies covered

 

5N Plus Inc., A&M Group Ltd., Boliden Group, GRUPO MEXICO SAB DE CV, Kisan Kinzoku Chemicals Co. Ltd., MMC Norilsk Nickel, Pan Pacific Copper Co. Ltd., Shinko Chemical Co. Ltd., Umicore, UMMC-Holding Corp., and II-VI Incorporated

 

COVID-19 scenario analysis:

  • There is lack of supply of electrical machinery, mechanical appliances, organic chemicals, and optical & surgical instruments due to the coronavirus outbreak. Prices of metals, such as gold, silver, and other metals, have gone down. The COVID-19 outbreak has increased risks for the steel industry. Most of the steel industries have booked orders till March-end and have started facing the challenge to sell products from April as most of the auto majors and white goods producers have stopped production.
  • Asia-Pacific is highly affected by the spread of the COVID-19 due to the effect of the pandemic in China, Japan, and India. The chemical industry is highly affected due to decrease in demand for tellurium.
  • COVID-19 has a partial impact on the solar power project as it depends on natural resources such as wind and sunlight. However, rooftop solar projects have been the most adversely affected in the renewable sector as most of them are small-sized companies.
  • Production facilities of electronics parts have been halted, owing to the logistics slowdown and unavailability of workforce across the globe. On the other hand, various e-commerce companies across the globe have discontinued the delivery of non-essential items (including most of the electronics products), which has affected the electronics industry.

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.

Key segments covered:

Segments

Sub-segments

Type

  • Pure Tellurium
  • Telluride

End Use Industry

  • Chemical
  • Electronics
  • Solar Energy
  • Metallurgy
  • Others

 

Key benefits of the report:

  • This study presents the analytical depiction of the tellurium market with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the tellurium market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the tellurium market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the tellurium market research report:

  • Which are the leading market players active in the market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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