The selenium market is expected to grow at a CAGR of 2% during the forecast period. Growing opportunities in germany and japan, Increasing use of selenium in glass industry, and High demand of selenium in metallurgy are some of the significant factors fueling selenium market growth.
Growing opportunities in germany and japan
The global selenium market is concentrated. The major vendors of the selenium market compete on the basis of operation cost, price, economies of scale, product quality, and innovation. Some of the major players in the selenium market can drive down the market prices because of their economies of scale in the production. Furthermore, the technological, financial, and other resources of some of the suppliers are greater than that of their competitors', and such major players are able to withstand the changes in market conditions better. The major vendors in this market are 5N Plus Inc., American Elements, Aurubis AG, Hindalco Industries Ltd., II-VI Inc., JX Nippon Mining & Metals Corp., Mitsubishi Materials Corp., Shinko Chemical Co. Ltd., Sumitomo Metal Mining Co. Ltd., and Umicore.
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