telluric-acid-market

Telluric Acid Market By Application (Tellurium Nanorods, Tellurium Metal) - Growth, Future Prospects And Competitive Analysis, 2021 - 2029

27 Aug 2021 Format PDF icon PPT icon XLS icon Request Sample

Telluric acids exist in both monoclinic and cubic crystalline forms. There are several methods of preparation, treating tellurium and tellurous acid with strong oxidants. Telluric acid is a weak acid which is dibasic, forming hydrogen tellurate salts with weaker base and tellurate salts with strong base or upon hydrolysis of tellurates in water. Telluric acid is able to form well-defined crystalline additive compounds with the salts of such acids as iodic, arsenic, phosphoric, molybdic and tungstic acids. It also forms large, well-defined crystals with potassium nitrate and silver nitrate telluric acid. It was observed that when telluric acid is heated with ammonium chloride, the mixture changes its color from yellow to orange with the formation of a white sublimate.

On further heating the mixture darkens in color and a yellow sublimate is formed which in turn blackens on careful heating. If the chloride is replaced by other common salts of ammonium, such as the nitrate, carbonate, sulphate, phosphate, acetate or molybdate, these changes do not occur.

Telluric Acid Market

Telluric acid is formed by the oxidation of tellurium or tellurium dioxide with a powerful oxidizing agent such as hydrogen peroxide, chromium trioxide or sodium peroxide. Crystallization of telluric acid solutions below 10°C gives Te(OH).4HO. It is oxidizing, as shown by the electrode potential for the reaction below, although it is kinetically slow in its oxidations. According to a report published by Oxford University titled ‘SNO+ EXPERIMENT: status and future prospects’ and authored by Laura Segui, suggests that 1.8 tonnes of Te(OH) 6 , corresponds to ~1 tonne Tellurium (Te), or ~0.13% Te loading.  

The global market for telluric acid is witnessing growth on the back of high demand from various end users industries such as alloy and steel owing to semiconductor characteristics of telluric acid. However, toxic effects of telluric acid may hinder the market growth during the forecast period.

Previous Analysis says: The global telluric acid market stood at US$ 3,002.4 Mn in 2015 and is anticipated to reach US$ 3,203.1 Mn by 2023, at a CAGR of 0.8% during the forecast period of 2016 to 2023.

Other tellurates segment is projected to maintain its dominance

By application type the market is segmented into tellurium nanorods, tellurium metal and other tellurates. Other tellurates segment accounted for 48.2% share of the market in 2015. Furthermore, this segment is projected to maintain its dominance during the forecast period of 2016 to 2023. However, growth is projected to be highest from tellurium nanorods application segment. This segment is projected to grow at a CAGR of 1.0% in terms of revenue during the forecast period, owing to rising demand for clean and green energy.

Asia Pacific is the largest market for the telluric acid.

The countries such as China, Japan and India are the leading countries operating in the telluric acid market in Asia Pacific. Asia Pacific held market share of more than 30% in 2015 in terms of revenue. The major factors driving the growth in Asia Pacific include the rising population, driving the need for more and more renewable energy. Tellurium is widely used in the solar panel which acts as the best source for energy.

North America is the second largest market for telluric acid and will show good demand for telluric acid through the forecast period. However, this region will experience a sluggish growth from 2019 through 2023 on the ground of market maturity.

In order to help the strategic decision makers, the report also includes profiles of the leading telluric acid manufacturers, along with their, product portfolio and key developments. The major players profiled in the report are Vital Materials Co., Ltd, 5N Plus, Inc, Alfa Aesar, Tokyo Chemical Industry Co., Ltd and Sigma Aldrich co. LLC. Further, the report also covers market positioning of the key players operating in the telluric market. Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the telluric acid industry
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Trailing 2-Year market size data (2023– 2024)
  • SRC (Segment-Region-Country) Analysis

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Telluric Acid market are as follows:

  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Telluric Acid market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

ATTRIBUTE DETAILS
Research Period  2022-2032
Base Year 2023
Forecast Period  2024-2032
Historical Year  2022
Unit  USD Million
Segmentation
Applications
  • Tellurium Nanorods
  • Tellurium Metal
  • Other Tellurates

 Region Segment (2022-2032; US$ Million)

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • UK and European Union
    • UK
    • Germany
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Telluric Acid market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2032.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Telluric Acid market?
  • Which is the largest regional market for Telluric Acid market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Telluric Acid market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Telluric Acid market worldwide?
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