| Product Code: ETC203796 | Publication Date: Aug 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 |
India`s import shipments of tellurium in 2024 continued to be dominated by top exporting countries including Japan, China, Germany, USA, and Canada. Despite a high Herfindahl-Hirschman Index (HHI) indicating concentration in the market, the compound annual growth rate (CAGR) from 2020 to 2024 stood impressively at 29.08%. However, there was a slight decline in the growth rate from 2023 to 2024, with a rate of -7.96%. These trends suggest a strong reliance on key exporting nations for tellurium imports in India, with potential implications for market dynamics and supply chain stability.

The India Tellurium market has witnessed steady growth over the past years due to increased demand from its major end-users such as semiconductor manufacturers and electronic component makers. The main application areas include solar cells, thermoelectric materials, catalysts for fuel cells, etc., with most of these products being exported out of India rather than consumed domestically. The demand for this metal is expected to increase further in coming years owing to its use in electric vehicles (EV) components which are projected to witness high growth rate during 2025-2031 period driving overall Tellurium market higher too.
Increasing usage of renewable energy sources like solar panel installations have led to an increased demand for tellurium as it helps enhance efficiency level of photovoltaic systems along with other benefits like better thermal stability & higher electrical conductivity making it suitable choice over others available metals mainly copper & silver in many applications especially those related with automobile & aerospace sectors leading them into significant share holder when it comes about consumption pattern within global scale stuffs undergoing technological transformation at rapid phase. Growing trend towards Electric Vehicles globally has also played part in boosting up consumption need factor linked associatedly towards Tellurium market on large note , where battery technology calls upon more power dense solutions while also looking forward sustainability factor concurrently all together thus making adoption regarding this metal widely accepted across many industry verticals , almost every new EV model launched by automotive giants utilizing some form or degree based feature supporting same here.
The major challenge for the India Tellurium market is its low availability and high cost. The global economic slowdown has further impacted the growth of this market in India, as it affects the demand for semiconductors, which require tellurium to manufacture. Meanwhile, Covid-19 has also caused disruptions in trade activities due to border closures and other restrictions on movement. This has led to a decrease in production and sales of tellurium products across India.
Some of the key players operating in this market include Johnson Matthey Plc., Umicore AG & Co., Hoke Refractory Metals Inc., Ampure Technologies LLC, Mitsui Mining & Smelting Co., Ltd., Metalor USA Refining Corporation, BASF SE, Hitachi Chemical Company America Ltd., Tosoh Corp., among others.
The India Tellurium market has been significantly affected by the Covid-19 pandemic. The lockdown imposed in India has resulted in a decrease in demand for tellurium, which is used as an alloying agent for steel and other metal alloys. This has caused a sharp decline in prices of tellurium due to decreased demand from end-use industries such as automotive, electronics, aerospace etc. Additionally, the transportation restrictions have also hindered the supply of raw materials required for its production resulting in disruption of manufacturing operations and further affecting the market growth.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Tellurium Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Tellurium Market Revenues & Volume, 2021 & 2031F |
3.3 India Tellurium Market - Industry Life Cycle |
3.4 India Tellurium Market - Porter's Five Forces |
3.5 India Tellurium Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Tellurium Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 India Tellurium Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for solar panels and semiconductors, where tellurium is used as a key component. |
4.2.2 Growth in the electronics and automotive industries, leading to higher demand for tellurium in manufacturing processes. |
4.2.3 Government initiatives and policies promoting renewable energy sources, boosting the demand for tellurium in solar power generation. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of tellurium in the global market affecting the profitability of producers. |
4.3.2 Limited availability of tellurium as it is a rare earth element, leading to supply constraints. |
4.3.3 Environmental concerns related to tellurium mining and extraction processes, potentially leading to regulatory challenges. |
5 India Tellurium Market Trends |
6 India Tellurium Market, By Types |
6.1 India Tellurium Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Tellurium Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Tellurium Market Revenues & Volume, By Pure Tellurium, 2021-2031F |
6.1.4 India Tellurium Market Revenues & Volume, By Telluride, 2021-2031F |
6.2 India Tellurium Market, By End Use Industry |
6.2.1 Overview and Analysis |
6.2.2 India Tellurium Market Revenues & Volume, By Chemical, 2021-2031F |
6.2.3 India Tellurium Market Revenues & Volume, By Electronics, 2021-2031F |
6.2.4 India Tellurium Market Revenues & Volume, By Solar Energy, 2021-2031F |
6.2.5 India Tellurium Market Revenues & Volume, By Metallurgy, 2021-2031F |
6.2.6 India Tellurium Market Revenues & Volume, By Others, 2021-2031F |
7 India Tellurium Market Import-Export Trade Statistics |
7.1 India Tellurium Market Export to Major Countries |
7.2 India Tellurium Market Imports from Major Countries |
8 India Tellurium Market Key Performance Indicators |
8.1 Number of new solar panel installations using tellurium. |
8.2 Research and development investments in tellurium-based technologies and applications. |
8.3 Adoption rate of tellurium in emerging industries such as healthcare or aerospace. |
9 India Tellurium Market - Opportunity Assessment |
9.1 India Tellurium Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Tellurium Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 India Tellurium Market - Competitive Landscape |
10.1 India Tellurium Market Revenue Share, By Companies, 2024 |
10.2 India Tellurium Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |