| Study Period | 2019 - 2030 |
| Market Volume (2025) | 3.5 kilotons |
| Market Volume (2030) | 4.32 kilotons |
| CAGR | 4.26 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Selenium Market Analysis
The Selenium Market size is estimated at 3.50 kilotons in 2025, and is expected to reach 4.32 kilotons by 2030, at a CAGR of 4.26% during the forecast period (2025-2030).
The COVID-19 caused disruptions in global supply chains, affecting the mining and production of selenium. However, the selenium market has shown signs of recovery after the initial impact of the COVID-19 pandemic.
- The selenium market is driven by the rising demand for electronic devices and the increasing applications of selenium in the healthcare sector.
- However, environmental and health concerns act as significant restraints for the selenium market.
- During the forecast period, the growing demand for renewable energy is expected to create lucrative opportunities for the selenium market.
- Asia-Pacific dominates the global selenium market, primarily due to rapid industrialization and increased investments in technology and infrastructure.
Selenium Market Trends
Electronics Segment to Dominate the Market
- Selenium is a critical material with diverse applications, particularly in the electronics and renewable energy industries. Its unique properties have positioned it as an essential component in these rapidly growing markets.
- Semiconductors, vital for devices like computers and smartphones, rely on selenium. Its unique photoconductive properties make selenium a top choice in semiconductor production. The growing demand for consumer electronics has further driven the need for semiconductors and related materials.
- Selenium's integral role in these components underscores its value in the electronics sector. IDC reported in January 2025 that global smartphone shipments hit 1.2 billion units in 2024.
- Data from Semiconductor Equipment and Materials International, released in January 2025, reveals that 18 new semiconductor fabrication plants are set to break ground in 2025. These include four each in the Americas and Japan, with operations anticipated to commence between 2026 and 2027. This expansion highlights the increasing demand for semiconductors and the materials required for their production, including selenium.
- In addition to electronics, selenium is pivotal in the renewable energy sector. It is a key material in photovoltaic cells, which are essential for solar panels that convert sunlight into electricity.
- The surge in renewable energy demand and the rising adoption of solar solutions have significantly boosted selenium's demand.
- Global investments in renewable energy reached about USD 619 billion in 2023, marking an 8% rise from the prior year, as highlighted in the Renewables 2024 Global Status Report.
- In conclusion, selenium's importance spans across the electronics and renewable energy markets. Its role in semiconductors and photovoltaic cells ensures its continued demand, driven by advancements in technology and the global shift toward sustainable energy solutions.
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Asia-Pacific Region to Dominate the Market
- The Asia-Pacific region has emerged as a key market for selenium, driven by rapid industrialization and increasing investments in renewable energy. This analysis explores the factors contributing to the growing demand for selenium in the region.
- China, Japan, and South Korea are the primary contributors to this growth. Among these, China stands out as a global manufacturing hub, particularly in the electronics sector.
- Selenium is extensively utilized in the production of photovoltaic cells, semiconductors, and other electronic components. The booming electronics industry in the region significantly drives selenium demand.
- According to the National Bureau of Statistics of China, in 2024, the total retail sales of the consumer goods industry in China amounted to approximately CNY 48.8 trillion (USD 6.9 trillion).
- Additionally, the Asia-Pacific region is heavily investing in renewable energy sources, with a strong focus on solar power. Selenium's role in enhancing the efficiency of solar cells makes it a critical material for renewable energy projects.
- As per the Ministry of New and Renewable Energy (MNRE) and the Central Electricity Authority (CEA), India's cumulative installed renewable energy capacity reached 190.57 gigawatts in the financial year 2024.
- Further emphasizing the region's commitment to renewable energy, India has made notable advancements.
- At the fifth International Conference on Green Metro Systems, the Union Minister of Power and Housing and Urban Affairs announced the launch of the country's first vertical bi-facial solar plant on a metro viaduct and a Megawatt (MW) rooftop solar power plant at the Khyber Pass depot. These initiatives enable the Delhi Metro to meet its energy needs through solar power, reducing dependency on fossil fuels.
- In conclusion, the Asia-Pacific region's rapid industrialization, coupled with its focus on renewable energy, positions selenium as a vital material for various industries. The region's sustained investments and advancements in technology are expected to further drive the demand for selenium in the coming years.
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Selenium Industry Overview
The selenium market is partially consolidated in nature. The major players in the market (not in any particular order) include American Elements, Aurubis AG, Hindalco Industries Ltd., Mitsubishi Materials Corporation, and Sumitomo Metal Mining Co., Ltd., among others.
Selenium Market Leaders
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Sumitomo Metal Mining Co., Ltd.
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American Elements
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Aurubis AG
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Hindalco Industries Ltd.
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Mitsubishi Materials Corporation
- *Disclaimer: Major Players sorted in no particular order
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Selenium Market News
- June 2023: In February 2024, Yunnan Copper Technology Development Co., Ltd. sold around 30 metric tons of selenium ingots. As per the company's management directives, these sales were facilitated by the marketing center of Yunnan Copper Technology Development Co., Ltd. via the Sunshine Procurement Platform, a subsidiary of China Copper Corporation.
- June 2023: Aurubis subsidiary RETORTE announced the construction of a state-of-the-art production plant at Aurubis subsidiary RETORTE in Röthenbach a.d.Pegnitz. The plant aims to expand selenium production starting in mid-2025. The company invested around EUR 7 million.
Selenium Industry Segmentation
Selenium is a chemical element with the symbol Se and atomic number 34. It is a non-metal with properties that are intermediate between the elements above and below in the periodic table, sulfur and tellurium. Selenium is used in various industrial applications, such as the production of glass and pigments, and as an additive to steel and copper.
The selenium market is segmented by type, form, end-user industry, and geography. By type, the market is segmented into inorganic selenium and organic selenium. By form, the market is segmented into powder, liquid, and tablet. By end-use industry, the market is segmented into food and beverage, pharmaceuticals, cosmetics, and electronics. The report also covers the market size and forecasts for the market in 27 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of volume (tons).
| Type | Inorganic Selenium | ||
| Organic Selenium | |||
| Form | Powder | ||
| Liquid | |||
| Tablet | |||
| End-Use Industry | Food and Beverage | ||
| Pharmaceuticals | |||
| Cosmetics | |||
| Electronics | |||
| Geography | Asia-Pacific | China | |
| India | |||
| Japan | |||
| South Korea | |||
| Malaysia | |||
| Indonesia | |||
| Thailand | |||
| Vietnam | |||
| Rest of Asia-Pacific | |||
| North America | United States | ||
| Canada | |||
| Mexico | |||
| Europe | Germany | ||
| United Kingdom | |||
| Italy | |||
| France | |||
| Spain | |||
| NORDIC Countries | |||
| Turkey | |||
| Russia | |||
| Rest of Europe | |||
| South America | Brazil | ||
| Argentina | |||
| Colombia | |||
| Rest of South America | |||
| Middle-East and Africa | Saudi Arabia | ||
| Qatar | |||
| United Arab Emirates | |||
| Nigeria | |||
| Egypt | |||
| South Africa | |||
| Rest of Middle-East and Africa | |||
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Selenium Market Research Faqs
How big is the Selenium Market?
The Selenium Market size is expected to reach 3.5 kilotons in 2025 and grow at a CAGR of 4.26% to reach 4.32 kilotons by 2030.
What is the current Selenium Market size?
In 2025, the Selenium Market size is expected to reach 3.5 kilotons.
Who are the key players in Selenium Market?
Sumitomo Metal Mining Co., Ltd., American Elements, Aurubis AG, Hindalco Industries Ltd. and Mitsubishi Materials Corporation are the major companies operating in the Selenium Market.
Which is the fastest growing region in Selenium Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Selenium Market?
In 2025, the Asia Pacific accounts for the largest market share in Selenium Market.
What years does this Selenium Market cover, and what was the market size in 2024?
In 2024, the Selenium Market size was estimated at 3.35 kilotons. The report covers the Selenium Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Selenium Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Selenium Industry Report
Statistics for the 2025 Selenium market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Selenium analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
