Market Insights
Telluric acids exist in both monoclinic and cubic crystalline forms. There are several preparation methods, including treating tellurium and tellurous acid with strong oxidants. Telluric acid is a weak dibasic acid, forming hydrogen tellurate salts with a weaker base and tellurate salts with a strong base or upon hydrolysis of tellurates in water. Telluric acid can 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 color from yellow to orange with the formation of a white sublimate.
The global market for telluric acid is witnessing growth due to high demand from various end-user industries, such as alloy and steel, owing to the semiconductor characteristics of telluric acid. However, the toxic effects of telluric acid may hinder the market’s growth during the forecast period.
By application type
The market is segmented into tellurium nanorods, tellurium metal, and other tellurates. Other tobacco segments accounted for 48.2% of the market in 2015. Furthermore, this segment is projected to maintain its dominance during the forecast period of 2016–2023. However, growth is projected to be highest in the tellurium nanorods application segment. This segment is projected to grow at a CAGR of 1.0% in revenue during the forecast period, owing to rising demand for clean and green energy.
Asia-Pacific is the largest acid market. Countries such as China, Japan, and India are the leading countries operating in the telluric acid market in the Asia Pacific. Asia Pacific held a market share of more than 30% in 2015 in terms of revenue. The major factors driving growth in Asia-Pacific include the rising population, which is driving the need for more and more renewable energy. Tellurium is widely used in solar panels, which are the best source of 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 sluggish growth from 2019 through 2023 due to market maturity.
The report titled “Global Telluric Acid Market: Growth, Future Prospects, and Competitive Analysis, 2016–2023” offers strategic insights into the global telluric acid market along with the market size and estimates for the duration of 2013–2023. The said research study covers an in-depth analysis of multiple market segments based on applications and a cross-sectional study across different geographies. In addition, the study covers the comparative analysis of different segments for 2015 and 2023. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities.
To help the strategic decision-makers, the report also includes profiles of the leading telluric acid manufacturers, along with their product portfolios 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 the 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 market growth
- in-depth competitive environment analysis
- Trailing 2-year market size data (2013–2014)
- SRC (Segment, Region, Country) Analysis
Overall, the research study provides a holistic view of the global telluric acid market, offering market size and estimates for the period from 2015 to 2023, keeping in mind the above-mentioned factors.
The global telluric acid market can be categorized based on applications as follows:
- Tellurium Nanorods
- Tellurium Metal
- Other Tellurates
By application in terms of revenue, other tares accounted for 48.2% of the global market in 2015. It is projected to maintain its dominance during 2016–2023. Rising demand for telluric acid from various end-user industries is the major factor contributing to the growth of this segment.
However, due to the rising demand for sustainable energy solutions and clean and green energy, the market for tellurium nanorods is projected to witness the highest growth rate during the forecast period. This will also help to overcome the current limitations of known alternative energy sources. The segment is projected to grow at a CAGR of 1.0% from 2016 to 2023 in terms of revenue. The tellurium nanorods application segment is followed by tellurium metal, which is projected to grow at the second-highest rate during the forecast period.
Based on geography, the global market for telluric acid is segmented into the following regions and countries:
- North America
- Europe
- Germany
- France
- UK.
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- South-east Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of the Middle East and Africa
Asia-Pacific is the largest and fastest-growing regional market for telluric acid. The continuous development of national economies, increasing expenditure, the rapid development of domestic infrastructure, and escalating international trade are the major factors contributing to market growth.
North America is the second-largest market for telluric acid and will show good demand for telluric acid through the forecast period. However, the region will experience sluggish growth from 2019 through 2023 due to market maturity.
Western European countries lead the EU market for telluric acid. Countries such as the U.K., Germany, France, Italy, and Spain majorly determine the trends in the European telluric acid market. Europe was the third-largest market in 2015 and accounted for 21.9% of the market share in the revenue.
