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Tellurium Market Size, Share and Forecast 2026-2036

The global tellurium market is worth USD 67 mn in 2026 and is forecast to reach USD 125 mn by 2036, growing at a 6.5% CAGR. United States is the largest country market and Tellurium metal and ingot is the largest by form segment.

USD 67 mnMarket size 2026
USD 125 mnForecast 2036
6.5%CAGR 2026-2036
United StatesLargest country

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5 segmentation views25 countries2026 to 2036 yearly forecast

Market overview

The global tellurium market is worth USD 67 mn in 2026 and is forecast to reach USD 125 mn by 2036, growing at a 6.5% CAGR. United States is the largest country market and Tellurium metal and ingot is the largest by form segment.

ScopeRefined tellurium and tellurium compounds sold as metal, powder and high-purity forms for cadmium telluride solar panels, thermoelectrics, metallurgy additives, rubber and infrared devices.
IndustryChemicals and Materials
Value 2025USD 63 mn
Value 2026USD 67 mn
Value 2036USD 125 mn
CAGR 2026-20366.5%
Volume 2026727 tonnes
Volume 20361,120 tonnes
Average price 2026USD 91,800 per tonne
Report priceStarts from USD 1,999
PublishedNovember 2026

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Tellurium market size and forecast, 2026-2036

Exhibit 1The global tellurium market is forecast to grow from USD 67 mn in 2026 to USD 125 mn by 2036, a rise of 88%Global market value in USD: 2025 base year, 2026 estimate and forecast to 2036. CAGR 2026 to 2036: 6.5%
Tellurium market value, 2025 to 2036Market value by year. 2025: USD 63 mn; 2026: USD 67 mn; 2027: USD 71 mn; 2028: USD 76 mn; 2029: USD 81 mn; 2030: USD 86 mn; 2031: USD 91 mn; 2032: USD 97 mn; 2033: USD 104 mn; 2034: USD 111 mn; 2035: USD 118 mn; 2036: USD 125 mn. Compound annual growth rate 2026 to 2036: 6.5%.202567 mn202691 mn2031125 mn20366.5% CAGR

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

YearMarket value
2026USD 67 mn
2027USD 71 mn
2028USD 76 mn
2029USD 81 mn
2030USD 86 mn
2031USD 91 mn
2032USD 97 mn
2033USD 104 mn
2034USD 111 mn
2035USD 118 mn
2036USD 125 mn

Tellurium market segmentation

By form

Exhibit 2Tellurium metal and ingot is the largest segment by form, with 52.0% of 2026 revenueEstimated share of 2026 global revenue, by form
Tellurium market share by form, 2026Share of 2026 revenue by form. Tellurium metal and ingot: 52.0%; High-purity tellurium (5N and above): 26.0%; Tellurium dioxide and compounds: 14.0%; Tellurium powder: 8.0%.Tellurium metal and ingot52.0%High-purity tellurium (5N and above)26.0%Tellurium dioxide and compounds14.0%Tellurium powder8.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Tellurium metal and ingot52.0%50.0%USD 35 mn6.1%
High-purity tellurium (5N and above)26.0%30.1%USD 17 mn8.1%
Tellurium dioxide and compounds14.0%12.8%USD 9.3 mn5.6%
Tellurium powder8.0%7.0%USD 5.3 mn5.1%

By end use

Exhibit 3Solar (cadmium telluride) adds the most revenue by end use, growing from USD 30 mn in 2026 to USD 64 mn by 2036Estimated revenue in USD by end use, 2026 and 2036 forecast
Tellurium market by end use, 2026 and 2036Revenue by end use in 2026 and 2036. Solar (cadmium telluride): USD 30 mn in 2026, USD 64 mn in 2036, change +112%; Metallurgy and alloys: USD 13 mn in 2026, USD 19 mn in 2036, change +39%; Thermoelectric devices: USD 8.0 mn in 2026, USD 18 mn in 2036, change +122%; Electronics and infrared optics: USD 9.3 mn in 2026, USD 17 mn in 2036, change +85%; Chemicals and rubber: USD 6.0 mn in 2026, USD 7.9 mn in 2036, change +32%.20262036 forecastChangeSolar (cadmium telluride)+112%30 mn64 mnMetallurgy and alloys+39%13 mn19 mnThermoelectric devices+122%8.0 mn18 mnElectronics and infrared optics+85%9.3 mn17 mnChemicals and rubber+32%6.0 mn7.9 mn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Solar (cadmium telluride)45.0%50.9%USD 30 mn7.8%
Thermoelectric devices12.0%14.2%USD 8.0 mn8.3%
Metallurgy and alloys20.0%14.8%USD 13 mn3.3%
Chemicals and rubber9.0%6.3%USD 6.0 mn2.8%
Electronics and infrared optics14.0%13.8%USD 9.3 mn6.3%

By purity

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Four nines (4N)38.0%34.0%USD 25 mn5.3%
Five nines (5N)34.0%34.0%USD 23 mn6.5%
Six nines and above28.0%32.0%USD 19 mn7.9%

By source

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Copper anode slimes72.0%68.0%USD 48 mn5.9%
Lead and gold refinery residues16.0%16.0%USD 11 mn6.5%
Recycled CdTe modules12.0%16.0%USD 8.0 mn9.6%

By customer type

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Thin-film solar makers52.0%54.0%USD 35 mn6.9%
Thermoelectric producers18.0%18.0%USD 12 mn6.5%
Alloy and chemical firms16.0%14.0%USD 11 mn5.1%
Infrared optics and research14.0%14.0%USD 9.3 mn6.5%

Top 25 countries for tellurium by revenue

Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 96.0% of 2026 revenue and the 25 countries below together hold 98.5%.

Exhibit 4United States is the largest country market at USD 22 mn in 2026, and the three largest countries hold 69.0% of global revenueEstimated 2026 revenue in USD and share of the global market, ten largest countries
Tellurium market, ten largest countries in 2026Ten largest countries by 2026 revenue. United States: USD 22 mn, 33.0%; China: USD 19 mn, 28.0%; Japan: USD 5.3 mn, 8.0%; Malaysia: USD 4.0 mn, 6.0%; Germany: USD 3.3 mn, 5.0%; India: USD 3.3 mn, 5.0%; Vietnam: USD 2.3 mn, 3.5%; South Korea: USD 2.0 mn, 3.0%; United Kingdom: USD 1.7 mn, 2.5%; Canada: USD 1.3 mn, 2.0%.United States22 mn 33.0%China19 mn 28.0%Japan5.3 mn 8.0%Malaysia4.0 mn 6.0%Germany3.3 mn 5.0%India3.3 mn 5.0%Vietnam2.3 mn 3.5%South Korea2.0 mn 3.0%United Kingdom1.7 mn 2.5%Canada1.3 mn 2.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

#CountryValue 2026Share 2026Value 2036CAGR 2026-36
1United StatesUSD 22 mn33.0%USD 40 mn6.0%
2ChinaUSD 19 mn28.0%USD 37 mn7.0%
3JapanUSD 5.3 mn8.0%USD 8.8 mn5.1%
4MalaysiaUSD 4.0 mn6.0%USD 8.7 mn8.0%
5GermanyUSD 3.3 mn5.0%USD 5.4 mn4.9%
6IndiaUSD 3.3 mn5.0%USD 8.3 mn9.5%
7VietnamUSD 2.3 mn3.5%USD 5.0 mn7.9%
8South KoreaUSD 2.0 mn3.0%USD 3.3 mn5.0%
9United KingdomUSD 1.7 mn2.5%USD 2.5 mn4.2%
10CanadaUSD 1.3 mn2.0%USD 2.0 mn4.2%
11PhilippinesUSD 0.29 mn0.4%USD 0.56 mn6.7%
12PolandUSD 0.25 mn0.4%USD 0.48 mn6.8%
13SwedenUSD 0.21 mn0.3%USD 0.40 mn6.8%
14PeruUSD 0.17 mn0.3%USD 0.34 mn6.9%
15ChileUSD 0.15 mn0.2%USD 0.28 mn6.5%
16MexicoUSD 0.12 mn0.2%USD 0.24 mn7.1%
17TaiwanUSD 0.11 mn0.2%USD 0.20 mn6.5%
18ThailandUSD 87 thousand0.1%USD 0.16 mn6.5%
19IsraelUSD 73 thousand0.1%USD 0.14 mn6.5%
20NetherlandsUSD 60 thousand0.09%USD 0.11 mn6.5%
21BelgiumUSD 53 thousand0.08%USD 0.10 mn6.5%
22AustraliaUSD 40 thousand0.06%USD 88 thousand8.2%
23SwitzerlandUSD 33 thousand0.05%USD 75 thousand8.5%
24BrazilUSD 33 thousand0.05%USD 63 thousand6.5%
25Czech RepublicUSD 27 thousand0.04%USD 50 thousand6.5%
Rest of worldUSD 0.97 mn1.4%USD 1.7 mn6.0%
Exhibit 5China and United States account for 61% of the USD 59 mn the market is forecast to add by 2036Forecast revenue added between 2026 and 2036 by country, in USD
Tellurium market, where the growth to 2036 comes fromRevenue added between 2026 and 2036. Market value 2026: USD 67 mn. China: +USD 18 mn; United States: +USD 18 mn; India: +USD 4.9 mn; Malaysia: +USD 4.6 mn; Japan: +USD 3.4 mn; 20 other countries: +USD 9.1 mn; Rest of world: +USD 0.76 mn. Market value 2036: USD 125 mn.Market value 202667 mnChina+18 mnUnited States+18 mnIndia+4.9 mnMalaysia+4.6 mnJapan+3.4 mn20 other countries+9.1 mnRest of world+0.76 mnMarket value 2036125 mn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

Competitive landscape

Group 1: Global leaders

  • 5N Plus
  • Rio Tinto
  • Umicore

Group 2: Regional and specialist players

  • Asarco
  • Vital Materials
  • Zhuzhou Smelter Group
  • Dowa Holdings
  • Mitsubishi Materials
  • KGHM
  • Jiangxi Copper
  • Teck Resources

Group 3: Emerging and niche players

  • Indium Corporation
  • American Elements
  • PPM Pure Metals

Research methodology

Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the tellurium market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.

The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 6.5% is calculated from the resulting values.

The market is divided by form, by end use, by purity, by source, by customer type. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.

Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.

Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.

Read the full research methodology

Frequently asked questions

How big is the tellurium market?

The global tellurium market is estimated at USD 63 mn in 2025 and USD 67 mn in 2026.

How fast will the tellurium market grow?

It is forecast to reach USD 125 mn by 2036, a compound annual growth rate of 6.5% from 2026, an increase of USD 59 mn.

Which country is the largest market for tellurium?

United States is the largest market by revenue at USD 22 mn in 2026, 33.0% of the global total. The three largest countries together hold 69.0%.

Which country is growing fastest?

Among the ten largest markets, India is growing fastest at 9.5% a year from 2026 to 2036.

Which tellurium segment is largest?

In the by form split, Tellurium metal and ingot is the largest segment with 52.0% of 2026 revenue.

Who are the leading tellurium companies?

Global leaders include 5N Plus, Rio Tinto, Umicore.

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