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The tellurium market size is forecast to increase by USD 315 million at a CAGR of 9.84% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for clean energy technologies and energy-efficient solutions in the renewable energy sector. The limited availability of tellurium, primarily sourced from Umicore, poses a challenge to the market's expansion. However, the market is driven by the increasing adoption of cadmium telluride in photovoltaic applications, with solar cells being a major end-user. Stringent environmental and safety regulations on tellurium mining and usage further fuel the market's growth. Green bonds, as a financing mechanism for renewable energy projects, are also contributing to the demand for tellurium. Overall, the market for tellurium is expected to grow steadily, driven by the need for energy efficiency and the transition to renewable energy sources.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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