Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 292 million | USD 384 million | 3.5% | 2022 |
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 increased demand from several industries, including electronics, automotive, healthcare, and consumer products, has led to tremendous expansion in the worldwide germanium business in recent years. The market is anticipated to keep growing due to rising applications and technological improvements.
According to the report, the global germanium market size was worth around USD 292 million in 2022 and is predicted to grow to around USD 384 million by 2030.
The global germanium market is expected to grow at a CAGR of 3.5% 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.
The global germanium market is dominated by players like JSC Germanium, China Germanium Co. Ltd, Teck, Umicore N.V., Yunnan Chihong Zinc & Germanium Co. Ltd, Shaoguan Smelting Plant, Hangzhou Zhonghao Technology Co. Ltd, Yunnan Lincang Xinyuan Germanium Industry Co. Ltd, Yunnan Luoping Zinc & Electricity Co. Ltd, PPM Pure Metals GmbH among others.
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