Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 313.83 Million | USD 450.01 Million | 3.67% | 2024 |
FrequentlyAsked Questions
The chemical element germanium, sometimes known as Ge, has an atomic number of 32 and is classified in period 4 of the periodic table of elements. It is a carbon group compound that is a hard, brittle, silvery-white semimetal. Its physical characteristics are comparable to those of tin (stannum) and silicon (silicium).
The global germanium market is expected to grow due to rising demand in fiber optics and infrared optics, growth in semiconductor and solar cell applications, increasing defense and aerospace needs, and limited supply from primary production sources.
According to a study, the global germanium market size was worth around USD 313.83 Million in 2024 and is expected to reach USD 450.01 Million by 2034.
The global germanium market is expected to grow at a CAGR of 3.67% during the forecast period.
The global germanium market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market due to the increasing end-use industry such as consumer electronics, healthcare, automotive, and others.
Leading players in the global germanium market include Yunnan Chihong Zinc & Germanium Co., Ltd., Umicore, Teck Resources Limited, JSC Germanium, PPM Pure Metals GmbH, Indium Corporation, China Germanium Co., Ltd., AXT, Inc., 5N Plus, Noah Chemicals, among others.
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