Global Selenium
Market Report
2025
The Global Selenium market size is USD 0.354 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 9.20% from 2023 to 2030.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Selenium market size is USD 0.354 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 9.20% from 2023 to 2030.
2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Selenium Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 9.2% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type |
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Market Split by End-use |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Selenium Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Selenium symbolized as Se, is a metalloid that is present as a secondary product in the extraction of copper and metal sulfide ores. It is commercially produced through anode mud, a substance collected during the electrolytic refining of copper. The agricultural industry is experiencing growth due to a rising population and increasing demand for food grains. As a result, Selenium is utilized to enhance farming efficiency and boost crop yields. Additionally, there is an upsurge in mining activities in Eastern Europe, contributing to the growing demand for selenium.
These developments empower businesses to offer better-tailored solutions and services, which, in turn, contribute to the growth of the selenium industry.
For instance, in June 2020, the acquisition of Metallo Group Holding by Aurubis AG (Germany) was successfully finalized. Metallo Group Holding is a company based in Belgium specializing in the recycling of non-ferrous metals. This strategic acquisition is anticipated to have a positive impact on the recycling of various metals, particularly Selenium, which is a key product of Aurubis AG. Consequently, this development is expected to contribute to the long-term sustainability of the selenium industry.
The Selenium Market is being driven by the expanding demand in electronics and photovoltaic (PV) industries. Selenium, in the form of cadmium selenide (CdSe) quantum dots, is widely utilized in the manufacturing of photovoltaic cells, which are crucial components of solar panels. With the growing emphasis on renewable energy sources, the global solar energy sector has experienced rapid growth. Selenium's role in enhancing the efficiency of solar cells and reducing production costs has made it an integral part of solar technology.
In April 2021, II-VI Incorporated (U.S.) unveiled selenium cathodes designed for lithium-based high-power batteries. This introduction has the potential to greatly improve battery performance and promote the utilization of this metal. Consequently, it is expected to drive market revenue growth by increasing the demand for Selenium.
Moreover, Selenium is employed in photocopiers, printers, and other electronic applications due to its unique properties as a photosensitive material. The rise in electronic manufacturing, driven by consumer electronics, office automation, and communication devices, is fueling the demand for Selenium. The trend toward miniaturization and improved performance in electronic products further amplifies the need for selenium compounds.
The Selenium Market is expanding its role in glass manufacturing. Selenium compounds, particularly selenium dioxide (SeO2), are employed as decolorizing agents and fining agents in glass production. They help remove unwanted coloration caused by impurities in glass raw materials, leading to the production of high-quality, colorless glass used in various applications such as automotive windshields, bottles, and specialty glass. As industries like automotive, construction, and packaging witness continuous growth, the demand for quality glass products remains steady.
The Selenium Market is the growing environmental concerns and stringent regulations governing its usage and disposal. Selenium, when released into the environment in excessive amounts, can have adverse effects on ecosystems and human health. Its presence in water bodies can lead to bioaccumulation in aquatic organisms, causing harm to both aquatic life and those who consume contaminated fish and water. Regulatory bodies in various countries have imposed strict limits on selenium discharge into water bodies, making it a challenge for industries that use selenium compounds in their processes.
The COVID-19 pandemic had a multifaceted impact on the selenium market. Initially, disruptions in supply chains and logistics, along with reduced workforce availability due to lockdowns and restrictions, led to a slowdown in selenium production and distribution. The pandemic also affected end-user industries such as automotive and electronics, which are significant consumers of Selenium, causing a temporary decline in demand. However, as the world adapted to the new normal and industries gradually recovered, Selenium's importance in various applications, including photovoltaics, glass manufacturing, and metallurgy, contributed to its resurgence.
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Numerous major competitors are competing for market share using a variety of tactics, which defines the competitive landscape of the selenium market. To get an advantage in this competitive market, these businesses are involved in R&D, product innovation, and tactical alliances.
February 2022: According to research conducted by Dr. Tara Walker, a researcher at Queensland Brain Institute (QBI), it has been suggested that the inclusion of trace elements such as Selenium in dietary intake may have the potential to alleviate the cognitive effects of stroke on the brain.
(Source:issuu.com/myweeklypreview/docs/your_time_magazine_sunshine_coast_-_march_2022/s/15050672)
April2021: Published in the eLife journal, a recent study suggests that mice given selenium supplements experience various lifespan advantages, including protection against obesity caused by diet. The research demonstrates that selenium administration limits methionine, resulting in a decrease in IGF-1 hormone signaling. As a result, scientists are optimistic about applying these findings to humans.
(Source:elifesciences.org/articles/62483)
Top Companies Market Share in Selenium Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America stands as the dominant region in the Selenium Market due to several key factors. The region boasts a strong industrial base, including the metallurgical, glass-making, and chemical sectors, all of which are significant consumers of Selenium for various applications. The North American region places a high emphasis on food safety & quality, leading to increased use of Selenium as a dietary supplement and food fortifier, further driving the market's growth.Within North America, the United States (USA) stands out as the dominant country in the Selenium Market. This prominence can be attributed to several factors. The United States of America boasts a strong industrial sector that spans across multiple industries, including metallurgy, agriculture, chemicals, and food processing. These industries heavily rely on Selenium for various purposes. Additionally, the country houses some of the world's leading selenium producers, guaranteeing a consistent supply of Selenium for both national use and international trade.
The Asia-Pacific region has emerged as the fastest-growing region in the Selenium Market, driven by a combination of factors that highlight its dynamic expansion. Firstly, the region's burgeoning population and rising disposable income levels have spurred increased consumption of dietary supplements and fortified foods, where Selenium is a crucial component. As consumers become more health-conscious, demand for selenium-enriched products has surged, particularly due to Selenium's essential role in the immune system and overall well-being.
The current report Scope analyzes Selenium Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Selenium Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Selenium Industry growth. Selenium market has been segmented with the help of its Type, End-use , and others. Selenium market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, the dominant category in the selenium market is the industrial grade selenium. This category includes selenium products primarily used in industrial applications, such as electronics, glass manufacturing, metallurgy, and pigments. Industrial-grade Selenium is in high demand due to its versatile properties, including its use in photovoltaic solar cells, where selenium-coated substrates are essential for converting sunlight into electricity. Additionally, Selenium's role in metallurgy, particularly in refining and alloying processes, contributes to its dominance in the industrial sector.
The fastest-growing category in the selenium market is food grade selenium. As health-conscious consumers seek nutritionally enriched food products, the demand for Selenium as a dietary supplement has surged. Selenium is an essential trace element for human health, and it plays a crucial role in antioxidant defense systems. Food manufacturers are increasingly incorporating food-grade Selenium into their products, including dietary supplements, functional foods, and fortified beverages. Selenium's potential health benefits, such as supporting the immune system and protecting against oxidative stress, have driven its rapid growth in the food and dietary supplement industry.
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The dominant category in the selenium market is metallurgy. Selenium plays a crucial role in metallurgical processes, particularly in the refining and alloying of metals. It is used to remove impurities and enhance the properties of various metals, including copper, lead, and steel. In metallurgy, Selenium acts as a deoxidizer, reducing the oxygen content in molten metal and improving the overall quality of alloys. The demand for Selenium in the metallurgical industry remains consistently high due to its indispensable role in producing high-quality metals for various applications, including construction, automotive, and electronics.
According to Cognitive Market Research, the fastest-growing category in the selenium market is the food industry. The food industry has experienced a notable rise in the use of Selenium as a dietary supplement and food fortifier due to the growing knowledge among consumers about its health advantages. Selenium is a crucial trace element for human well-being and is added to a range of food items, such as dietary supplements, functional foods, and fortified beverages. Its significance lies in its ability to bolster the immune system and safeguard against oxidative stress, which explains why it is highly sought after as an ingredient in the food industry.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Selenium Market is witnessing significant growth in the near future.
In 2023, the Sorting Systems segment accounted for noticeable share of global Selenium Market and is projected to experience significant growth in the near future.
The Building & Construction segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Shinko Chemicals Co. , Nippon Rare Metal Inc. (Japan) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Sorting Systems, Metal Shredders, Briquetting Machines, Granulating Machines, Other |
End-use | Building & Construction, Automotive & Shipbuilding, Equipment Manufacturing, Consumer Appliances, Packaging, Others |
List of Competitors | Shinko Chemicals Co., Ltd. (Japan), Nippon Rare Metal Inc. (Japan), Mitsubishi Materials Corporation (Japan), Hindalco Industries Ltd. (India), Pan Pacific Cooper Co., Ltd. (Japan), Aurubis AG (Germany), Umicore N.V. (Belgium), 5N Plus Inc. (Canada), American Elements (U.S.), Behn Meyer Holding AG (Germany), II-VI Incorporated (U.S.), Able Target Limited , JX Nippon Mining & Metals Corporation , Salvi Chemical Industries Ltd. , Behn Meyer Group , Maruti Chemicals |
This chapter will help you gain GLOBAL Market Analysis of Selenium. Further deep in this chapter, you will be able to review Global Selenium Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Selenium. Further deep in this chapter, you will be able to review North America Selenium Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Selenium. Further deep in this chapter, you will be able to review Europe Selenium Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Selenium. Further deep in this chapter, you will be able to review Asia Pacific Selenium Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Selenium. Further deep in this chapter, you will be able to review South America Selenium Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Selenium. Further deep in this chapter, you will be able to review Middle East Selenium Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Selenium. Further deep in this chapter, you will be able to review Middle East Selenium Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Selenium. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by End-use Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Selenium market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 13 Research Methodology and Sources
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Why Sorting Systems have a significant impact on Selenium market? |
What are the key factors affecting the Sorting Systems and Metal Shredders of Selenium Market? |
What is the CAGR/Growth Rate of Building & Construction during the forecast period? |
By type, which segment accounted for largest share of the global Selenium Market? |
Which region is expected to dominate the global Selenium Market within the forecast period? |
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