The Tellurium Market Report is Segmented by Type (Pure Metal, Powder, Compounds, and Others), Application (Solar Cells, Thermo-Electric Appliances, Electronics, Mercury-Cadmium-Telluride, Thermal Imaging Devices, Metallurgy, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The Report Offers the Market Size and Forecasts for the Tellurium Market in Volume (tons) for all the Above Segments.

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Tellurium Market Size 2024-2028

The tellurium market size is forecast to increase by USD 315 million at a CAGR of 9.84% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for clean energy technologies and energy-efficient solutions in the renewable energy sector. The limited availability of tellurium, primarily sourced from Umicore, poses a challenge to the market's expansion. However, the market is driven by the increasing adoption of cadmium telluride in photovoltaic applications, with solar cells being a major end-user. Stringent environmental and safety regulations on tellurium mining and usage further fuel the market's growth. Green bonds, as a financing mechanism for renewable energy projects, are also contributing to the demand for tellurium. Overall, the market for tellurium is expected to grow steadily, driven by the need for energy efficiency and the transition to renewable energy sources.

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Tellurium, a metalloid element with semi-metal properties, plays a significant role in various industries, including electronics and metallurgy. In electronics, tellurium acts as an alloying agent in steel and copper to enhance their machinability. In solar technology, tellurium is a crucial component of thermoelectric materials used in CDTE solar cells for converting waste heat into electricity. Tellurium's dominance in solar energy lies in its unique properties as a telluride, which can be used to create high-performance solar cells. In the chemical industry, tellurium is used as a raw material in the production of various alloys and semiconductors. The demand for tellurium is driven by the renewable energy sector, particularly solar technology and power generation.

However, supply chain constraints pose a challenge to the market's growth. The availability of pure tellurium is limited, making it an essential and valuable resource in the production of various industrial applications. Tellurium's role in data storage and retrieval capabilities, automotive, and power generation sectors is also noteworthy. Its unique properties make it an essential element in various industries, and its demand is expected to grow with the increasing focus on renewable energy and sustainable technologies. Umicore, a leading producer of tellurium, is a significant player in the market.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Pure tellurium
  Telluride


Application

  Solar panels
  Thermoelectric production
  Metallurgy
  Others


Geography

  North America

    Canada
    US


  Europe

    Sweden


  APAC

    China
    Japan


  Middle East and Africa



  South America

By Type Insights

The pure tellurium segment is estimated to witness significant growth during the forecast period. Tellurium, represented by the chemical symbol Te and having an atomic number of 52, is a delicate, silver-white metalloid. It is predominantly found in its natural state as a dark grey powder, exhibiting both metallic and non-metallic properties. Tellurium forms various compounds similar to those of sulfur and selenium. When burnt in air, tellurium generates tellurium dioxide, resulting in a greenish-blue flame. Although it remains unaffected by water and hydrochloric acid, nitric acid induces its disintegration. Tellurium plays a significant role in solar cells and semiconductor devices due to its unique properties. In the realm of solar energy, cadmium telluride (CdTe) thin-film solar cells utilize tellurium for their production.

Additionally, tellurium is employed in phase-change memory devices for data storage and retrieval capabilities. Waste heat can be converted into electricity using tellurium in power generation applications. Furthermore, the automotive industry explores the potential of tellurium in various applications, including catalytic converters and alloy production.

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The Pure tellurium segment accounted for USD 277.39 million in 2018 and showed a gradual increase during the forecast period.

Regional Insights

North America is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market in North America is projected to experience modest expansion over the forecast period, driven primarily by the wave in cadmium telluride (CdTe) thin-film solar cells production for solar photovoltaic (PV) installations in the US and Canada. Th

According to Cognitive Market Research, the global high purity tellurium market size is USD 271.6 million in 2024 and will expand at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 108.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 81.48 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 62.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 13.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 5.43 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
The superconducting materials held the highest high purity tellurium market revenue share in 2024.

Market Dynamics of High Purity Tellurium Market

Key Drivers for High Purity Tellurium Market

Stringent Regulations Promoting the Use of Environmentally Friendly Materials to Increase the Demand Globally

Stringent regulations promoting the use of environmentally friendly materials positively impact the high purity tellurium market by encouraging the adoption of tellurium-based technologies, such as Cadmium Telluride (CdTe) solar cells, known for their lower environmental footprint compared to silicon-based alternatives. As governments and industries seek to reduce carbon emissions and enhance sustainability, demand for tellurium in eco-friendly applications like renewable energy and advanced electronics is likely to increase, driving market growth despite the material's extraction and purification challenges.

Research and Development of Advanced Materials to Propel Market Growth

Research and development in advanced materials significantly influence the high purity tellurium market. Innovations in extraction and purification technologies enhance tellurium's availability and quality, crucial for its use in thermoelectric devices, solar panels, and electronic components. Advances in material science can also introduce alternative materials, potentially impacting tellurium demand. Moreover, developing efficient recycling methods and improving production processes can reduce costs and environmental impact, fostering market growth and sustainability.

Restraint Factor for the High Purity Tellurium Market

High Cost of Product to Limit the Sales

The high cost of high purity tellurium is a significant market restraint due to the complex and expensive extraction and purification processes. These processes require advanced technology and substantial energy inputs, driving up production costs. This makes high purity tellurium less competitive compared to alternative materials, especially in cost-sensitive applications. Additionally, price volatility in raw tellurium due to limited availability and dependence on copper production further exacerbates the high costs, limiting widespread adoption and market growth.

Impact of Covid-19 on the High Purity Tellurium Market

The COVID-19 pandemic disrupted the high purity tellurium market through supply chain interruptions and reduced industrial activity, particularly in sectors like solar energy and electronics. Lockdowns and restrictions slowed mining and refining processes, leading to shortages and price volatility. Additionally, decreased demand from key industries further impacted market growth. However, as industries recover and investment in renewable energy increases, the demand for high purity tellurium is expected to rebound, driving market stabilization and growth. Introduction of the High Purity Tellurium Market

High purity tellurium refers to refined tellurium with extremely low levels of impurities, essential for applications requiring precise semiconductor and thermoelectric properties in advanced technology sectors. The rising demand for energy-efficient and compact thermoelectric generators and coolers drives growth in the High Purity Tellurium Market. Tellurium, a crucial component in thermoelectric materials, enables efficient heat-to-electric...

The size and share of the market is categorized based on Application (High Purity Tellurium, Tellurium Metal, Tellurium Dioxide, Tellurium Powder) and Product (Electronics, Metallurgy, Solar Energy, Chemical Catalysts) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Tellurium increased 90 CNY/Kg or 13.95% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Tellurium.

In H2 2023, the price of the tellurium in the United States reached 79744 USD/MT. Similarly, in China, the tellurium prices hit 80504 USD/MT in the second half of 2023.

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Tellurium Market research report provides vital information about the vendor landscape. The market is expected to remain competitive during the forecast period. The key vendors 5N Plus Inc., A&M Group Ltd., and Boliden Group will dominate the market. The growing competition and similar product offerings will affect the growth of this market. To get a detailed understanding of the competitive vendor landscape, request for a free sample report.

In 2020, the Austrian boron and tellurium market decreased by -X% to $X, falling for the fifth consecutive year after four years of growth. Over the period under review, consumption showed a abrupt downturn. The growth pace was the most rapid in 2013 when the market value increased by X% against the previous year. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2020, consumption failed to regain the momentum.

The size and share of the market is categorized based on Application (Electronics and Semiconductors, Acousto-optic Material, Preservatives, Other) and Product (Purity 99.99%, Purity 99.999%, Purity 99.9995%, Other) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

After four years of growth, the Chilean boron and tellurium market decreased by -X% to $X in 2020. Overall, consumption, however, continues to indicate buoyant growth. The pace of growth was the most pronounced in 2008 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2010; however, from 2011 to 2020, consumption failed to regain the momentum.

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Tellurium Market Growth - Forecast and Analysis 2020-2024

This tellurium market size report comprises information about the potential market growth during the forecast period. The market is expected to grow by 60.03 MT during 2020-2024, and the market’s growth momentum will accelerate at a CAGR of 3%.

Our analysts have also identified challenges such as alternatives to tellurium, which will impede market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future.

Key Factors Covered in the full Tellurium Market Report:

CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will drive tellurium market growth during the next five years
Precise estimation of the tellurium market size and its contribution to the parent market
Accurate predictions on upcoming tellurium market trends and changes in consumer behavior
The growth of the tellurium market industry across APAC, Europe, MEA, North America, and South America
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of tellurium market vendors

Our analysts have also identified challenges such as alternatives to tellurium, which will impede market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future.

The Tellurium Sputtering Target market is experiencing robust growth, driven by the increasing demand for advanced semiconductor devices and thin-film technologies. The market size in 2025 is estimated at $150 million, exhibiting a Compound Annual Growth Rate (CAGR) of 8% from 2025 to 2033. This growth is primarily fueled by the rising adoption of tellurium sputtering targets in various applications, including semiconductor manufacturing (particularly in memory chips and logic devices), chemical vapor deposition (CVD), and physical vapor deposition (PVD) processes. Technological advancements leading to higher purity targets and improved deposition techniques further contribute to market expansion. The increasing focus on miniaturization and performance enhancement in electronic devices necessitates the use of high-quality sputtering targets, driving demand for tellurium-based solutions. Major market players are strategically investing in research and development to enhance the efficiency and cost-effectiveness of their products, contributing to the overall market competitiveness. Key restraining factors include the inherent toxicity of tellurium and the associated safety and environmental concerns surrounding its handling and disposal. Fluctuations in the price of tellurium, influenced by its limited availability and its application in other industries, also poses a challenge to market stability. However, the continued growth in the semiconductor and thin-film industries is expected to outweigh these challenges, ensuring sustained market growth over the forecast period. The market is segmented by type (Rotary and Non-Rotatable) and application (Semiconductor, CVD, PVD, and Others), with the semiconductor segment dominating due to its extensive use in advanced chip manufacturing. Geographically, North America and Asia-Pacific are expected to lead the market due to the presence of major semiconductor manufacturers and robust research and development activities in these regions. This comprehensive report provides an in-depth analysis of the global Tellurium Sputtering Target market, projecting a market value exceeding $200 million by 2028. It meticulously examines market dynamics, competitive landscapes, and future growth trajectories, leveraging extensive primary and secondary research. This report is essential for industry stakeholders, investors, and researchers seeking a robust understanding of this specialized niche.

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The tellurium market is expected to grow at a CAGR of 3% during the forecast period. The increased demand from the consumer electronics industry, drivers.2, and drivers.3 are some of the significant factors fueling tellurium market growth.

The increased demand from the consumer electronics industry

The global high-purity tellurium metal market is experiencing robust growth, driven by increasing demand from key applications like photovoltaic cells and thermoelectric devices. The market size in 2025 is estimated at $500 million, demonstrating significant expansion from its 2019 levels. This growth is projected to continue at a Compound Annual Growth Rate (CAGR) of 7% from 2025 to 2033, reaching an estimated market value exceeding $900 million by 2033. This upward trajectory is fueled by several factors, including the rising adoption of renewable energy technologies (solar panels heavily rely on tellurium), the expanding electronics industry's need for advanced materials, and the growing use of tellurium in specialized metallurgical applications. The market segmentation reveals a strong preference for higher purity grades (6N and 7N) reflecting the stringent requirements of advanced technologies. Key players like 5N Plus, Kisan Kinzoku, and Nippon Rare Metals are at the forefront of this growth, leveraging their expertise and production capabilities to meet escalating market demands. Geographic distribution reveals a strong presence across North America, Europe, and Asia-Pacific, with China and the United States as leading consumers. While the market outlook is positive, challenges remain. Supply chain constraints, price volatility of tellurium, and the development of alternative materials pose potential restraints. Nevertheless, continuous innovation in tellurium purification technologies and the expanding application base are expected to outweigh these limitations, ensuring sustained market expansion in the foreseeable future. The increasing focus on sustainability and the growing need for efficient energy solutions are expected to further bolster the market's growth trajectory throughout the forecast period. The ongoing research and development efforts towards enhancing the performance and cost-effectiveness of tellurium-based applications will play a pivotal role in shaping the market's future. This comprehensive report delves into the intricacies of the high-purity tellurium metal market, providing in-depth analysis of production, consumption, pricing, and future trends. We project a market valued at over $200 million in 2024, poised for significant growth in the coming years. This report is essential for businesses involved in, or considering investment in, the high-purity tellurium metal industry.

The size and share of the market is categorized based on Type (Active Ingredient 70%, Active Ingredient 75%, Others) and Application (Natural Rubber, Synthetic Rubber, Others) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

The Mexican boron and tellurium market dropped significantly to $X in 2020, waning by -X% against the previous year. Overall, consumption recorded a abrupt slump. The most prominent rate of growth was recorded in 2019 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs at $X in 2010; however, from 2011 to 2020, consumption failed to regain the momentum.

Global Tellurium Target market size 2025 was XX Million. Tellurium Target Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

The size and share of the market is categorized based on Type (Tellurium Copper Rod, Tellurium Copper Wire;) and Application (Electronics & Electrical, Automotive, Aerospace, Others;) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Global Tellurium Dioxide Market Report 2022 comes with the extensive industry analysis of development components, patterns, flows and sizes. The report also calculates present and past market values to forecast potential market management through the forecast period between 2022-2028. The report may be the best of what is a geographic area which expands the competitive landscape and industry perspective of the market.

The size and share of the market is categorized based on Type (Rotary Type, Non Rotatable Type) and Application (Semiconductor, Chemical Vapor Deposition, Physical Vapor Deposition, Others) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).