Selenium Market Report 2025

This Selenium market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.

The selenium market size has grown strongly in recent years. It will grow from $0.45 billion in 2024 to $0.49 billion in 2025 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to metallurgical applications, glass manufacturing, photovoltaic industry growth, agricultural applications, pharmaceuticals and health supplements.

The selenium market size is expected to see strong growth in the next few years. It will grow to $0.72 billion in 2029 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to semiconductor industry growth, biotechnology, and life sciences, renewable energy expansion, increased demand for animal feed supplements, metal alloys, and the steel industry. Major trends in the forecast period include the rise in battery technologies, environmental remediation technologies, advanced materials and nanotechnology, the emergence of selenium in 3D printing, and digitalization in the mining industry.

The selenium market's expansion is rooted in the surging demand for mining activities in Eastern Europe, a process involving the extraction of valuable materials from the earth. Selenium, integral in the production of soda-lime-silica glass and container glass, counteracts the green tint caused by iron impurities. The noteworthy 1% increase in mining production in Brazil during March 2022, reported by the Brazilian Institute of Geography and Statistics, exemplifies this escalating demand for mining activities in Eastern Europe, serving as a catalyst for the selenium market's growth.

The anticipated global population surge is poised to be a driving force behind the selenium market's expansion. As the global populace grows, there's an amplified demand for selenium due to its vital role in bolstering human health and nutrition, leading to heightened consumption in food manufacturing and dietary supplements. Projections from the United Nations indicate an imminent increase of nearly 2 billion individuals over the next three decades, elevating the global population from the current 8 billion to an anticipated 9.7 billion by 2050. This burgeoning population growth significantly propels the demand for selenium, contributing substantially to the selenium market's rise.

Prominent companies within the selenium market are intensifying their efforts to establish new mining facilities. These specialized sites encompass diverse processes, equipment, and infrastructure to extract, process, and refine minerals and valuable resources. For instance, in September 2023, Kazakhmys Progress LLP, in collaboration with Russian scientists, spearheaded a pioneering method for manufacturing premium-grade selenium. Their recently launched plant in Balkhash has the capacity to annually produce 75 tons of high-purity selenium. This cutting-edge technology, surpassing conventional methods in efficiency and environmental impact, enables Kazakh scientists to yield top-tier selenium in a single step. With a focus on both domestic and international markets, the plant is poised to cater to the diverse needs of consumers worldwide.

Major companies operating in the selenium market include American Elements Corporation, Hindalco Industries Limited, Mitsubishi Materials Corporation, Sumitomo Metal Mining Co. Ltd., Umicore S.A., Alltech Inc., Lesaffre et Compagnie, Associated British Foods plc, Lallemand Inc., Archer-Daniels-Midland Company, Angel Yeast Co. Ltd., Biorigin - Art in Natural Ingredients, Bio Springer S.A.S., Chr. Hansen Holding A/S, Diamond V Mills Inc., Royal DSM N.V., ICC Brazil, Kemin Industries Inc., Kerry Group plc, Leiber GmbH, Lianyungang Selenium Twins Tech Co. Ltd., Novus International Inc., Nutreco N.V., Orffa International Holding B.V., Pancosma S.A., Phibro Animal Health Corporation, Selko Feed Additives, Trouw Nutrition International B.V., Zinpro Corporation.

Eastern Europe was the largest region in the Selenium market in 2024.The regions covered in the selenium market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa. The countries covered in the selenium market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Selenium mining involves the extraction of selenium and its compounds. Selenium, a chemical element, is primarily obtained as a by-product during the processing of copper ore. In coal, selenium is found only in trace amounts.

Two primary types of selenium exist: inorganic selenium and organic selenium. Organic selenium offers a crucial advantage over its inorganic counterpart as selenomethionine, an effective organic component, behaves similarly to an amino acid (like methionine). This organic form is assimilated by the body and integrated into animal protein tissue. Selenium grades are categorized as food grade and industrial grade. Selenium extraction methods include both underground mining and surface mining.

The selenium market research report is one of a series of new reports that provides selenium market statistics, including selenium global industry, regional shares, competitors with a selenium market share, detailed selenium market segments, market trends and opportunities, and any further data you may need to thrive in the selenium industry. This selenium global market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The selenium market includes revenues earned by entities by manufacturing glass, chemicals and pigments, electronics, fertilizers, etc. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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