Selenium Market Size, Revenue Share, Insights & Future Outlook

Selenium Market Size

The global market for Selenium was valued at US$ 80.8 million in the year 2024 and is projected to reach a revised size of US$ 97 million by 2031, growing at a CAGR of 1.5% during the forecast period.

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The 2025 U.S. tariff policies introduce profound uncertainty into the global economic landscape. This report critically examines the implications of recent tariff adjustments and international strategic countermeasures on Selenium competitive dynamics, regional economic interdependencies, and supply chain reconfigurations.

Selenium is a chemical element with the symbol Se. It is a non-metal (sometimes classified as a metalloid) with properties that fall between those of sulfur and tellurium in the periodic table, and it also shares similarities with arsenic. Selenium rarely exists in its elemental form and is seldom found in the Earth's crust as a purified compound ore. All data presented in this report are calculated based on selenium with a purity of 99.99%. Therefore, the data do not represent crude selenium, refined selenium, or high-purity selenium. The report only includes production-end enterprises that possess or integrate industrial chain capabilities. As such, the data exclude traders and processing companies-for example, well-known selenium processing enterprises in China such as Foshan Weijun Nonferrous Metals Co., Ltd. and Leadtech Group. Enterprises with integrated industrial chain capabilities refer to certain processing companies that have exclusive distribution agreements with crude selenium producers or are involved in selenium recycling; these entities should be regarded as production-end enterprises.

Selenium is primarily associated with copper concentrates and becomes further enriched in anode slime during the copper electrolysis process. It finds wide application across various industries, including metallurgy, glass and ceramics, electronics, agricultural feed, healthcare, and food supplements. In recent years, as the copper, lead, and zinc smelting industries have evolved, companies have increasingly optimized their core technologies and equipment to reduce costs and comply with increasingly stringent environmental regulations. At the same time, the industry has been shifting toward maximizing profits through comprehensive resource recovery, with minor and rare metals becoming key sources of net profit for base metal smelting enterprises. Although selenium sales account for less than 1% of total company revenue, the sales of multiple minor metals have become an irreplaceable part of their profit structure. This has driven a steady increase in both the supply and recovery rate of crude selenium. The current market imbalance lies in relatively abundant supply coupled with weak downstream demand. Analysts note that overall demand for selenium has stabilized, and future growth potential largely depends on the widespread adoption of thin-film solar cells. Should this technology achieve large-scale commercialization, the demand for high-purity selenium is expected to rise significantly. Overall, selenium market demand tends to fluctuate, and the industry lacks a clear cyclical pattern.

By Type
• Selenium Powder
• Selenium Pellet

By Application
• Metallurgy Industry
• Glass Industry
• Chemicals and Pigments
• Electronics
• Agriculture

Key Companies
Yunnan Copper Science Technology Development, Umicore, Mitsubishi Materials, LS MnM, Sumitomo Metal Mining, Jinchuan Group, Coherent, UMMC, Shinko Chemical, Norilsk Nickel, Southern Copper Corp, Nippon Rare Metal, KGHM Corporate, Retorte GmbH

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This release was published on openPR.