Market for Selenium to Reach 2,800 Metric Tons by 2010, According to New Report by Global Industry Analysts, Inc.
Driven by increasing demand in applications such as mineral supplements, global market for Selenium is projected to reach 2,800 metric tons by 2010. Use of selenium in pharmaceutical applications is set to rise in future, driven by encouraging research reports on its health benefits.
San Jose, CA (PRWEB) April 10, 2008 -- Selenium, an essential mineral, is used for various applications including glass manufacturing, electronics and photography, additives for metal processing, pigments, and agricultural/biological applications such as an additive to fertilizers and animal feeds. Emerging applications for selenium mineral include dietary supplements, cosmetics, and medicine.
For long, the world recognized selenium's significance as an essential mineral. However, it was only in the 1990s that people became aware of the mineral's critical role in fighting various diseases. Since then, selenium has been widely used for several applications including virology, strengthening of immune system, arthritis and coronary disease. Research in recent past ascertained that selenium is a wonder mineral that assists in AIDS suppression, cancer prevention, and anti-aging amongst both human beings and animals.
Consumption of selenium for glass manufacturing is projected to reach 910 metric tons by 2010, as stated by Global Industry Analysts, Inc. Metallurgy segment accounts for a share of about 23% global selenium market. Europe represents the leading regional market, closely followed by the United States. However, Asia-Pacific is projected to witness fastest growth over the period 2005-2010. Selenium market in the United States is estimated at 655 metric tons in 2008. France, Germany, Italy and the UK represent the leading markets in Europe accounting for over 400 metric tons. Growth in Asia-Pacific region is primarily driven by the increased demand for selenium from China across various end-use applications such as animal feed, and production processes of pigments, glass and manganese.
Leading players profiled in the report include Belmont Metals, Inc., Corporación Nacional Del Cobre De Chile, Falconbridge Ltd, Hindustan Copper Limited, Mining and Chemical Products Limited, JSC MMC Norilsk Nickel, Nippon Mining & Metals Co Ltd, Norddeutsche Affinerie AG, Phelps Dodge Corp., PPM Pure Metals GmbH, Sumitomo Metal Mining Co., Ltd., Umicore Precious Metals Refining, and Vale Inco Limited
The report titled "Selenium: A Global Strategic Business Report" published by Global Industry Analysts, Inc., analyzes the report across six end-use segments, namely Glass Manufacturing, Metallurgy, Chemicals, Electronics, Pigments, and Others including Agricultural feed. The report analyzes the current and future projections over the period 2001-2015, while historic review (1991-2000) examines the industry's performance in the past. Glass Manufacturing represents the leading and fastest growing end-use segment for selenium.. The report also reviews the recent strategic corporate activity, market trends, and product introductions of major market participants.
For more details of this research report please visit http://www.strategyr.com/Selenium_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Web Site www.StrategyR.com
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