Germanium Market Size, Share, Statistics, Trend Analysis and Forecast Report, 2021 - 2028

The Germanium Market is segmented by Type (Germanium Tetrachloride, High-purity GeO2, Germanium Ingot), by Application ( IR Optics, Fiber Optics, Polyethylene Terephthalate (PET)) and by Geography (North America (United States, Canada and Mexico), South America (China, Japan, Korea, India and Southeast Asia), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), Middle East and Africa (Saudi Arabia, Egypt, Nigeria and South Africa))

  • Report ID : MD2116
  • |
  • Pages : 220
  • |
  • Tables : 85
  • |
  • Formats :

In terms of volume, the Global Germanium Market is estimated at 173.1 Thousand Kilograms in the year 2020, and is anticipated to reach volume size of 226 Thousand Kilograms by 2028, at a CAGR of 3.9%. The market is expected to reach a market size value of USD 247.7 million at a CAGR of 6.53% by 2028.

Germanium is a chemical element belonging to the carbon group which has properties of being lustrous, hard-brittle, metalloid, and has a grayish-white color. Its chemical structure is almost the same as the silicon and tin group; in its purest form, Germanium can be considered as a semiconductor, oftentimes, it can also be utilized in the medical industry especially in treating cancer, hepatitis, glaucoma and even heart diseases. This use of Germanium medically is due to its antioxidant and anti-inflammatory properties and can also be beneficial to the immune system.

Growth of the Germanium Market is mainly attributed to factors such as, it can be a semiconductor, its optical dispersion is low, refractive index is high, transparent when it comes to infrared electromagnetic radiation, increasing applications of Germanium transistor, high demand for germanium in fiber optics network communications, application in infrared night vision devices, and a significant increase in polymerization catalysts. Unfortunately, the market’s growth can be hampered by restraints such as, high costing of Germanium, low supply, as well as risks and dangers to health associated with the application of said chemical.

The Impact of COVID-19 on the Germanium Market

Numerous industries will have to adapt to the changes that will be imposed upon them by their governments and adopt strategic ways to elevate their game in the market. Containing the widespread of the virus is a difficult challenge to all of the countries because many sectors will have to compromise and deal with the effects in the most advantageous way possible. A solid pull back on the growth of the Germanium market is the disruption of supply chain since manufacturing and distribution of key players or companies are being limited, if not, controlled by governments through imposing lock downs and halting travels across borders.

The real challenge lies in the disruption in raw materials supply because it is negatively affecting manufacturers since travel, transport of raw materials, and non-essential trade has been put off in many countries. This in turn affected production, causing fewer volume of product sales. Germanium suppliers have also experienced repercussion because imports and exports in almost all countries have been restricted. The lock downs have caused a delay in the operations and facility shutdowns became a real challenge that these key players needed to face. Some raw materials needed for the production can only actually be acquired through importing and suppliers in turn, were having a hard time exporting these supplies due to border restrictions and hold up.

Key Findings in the Germanium Market

Based on application, the market is further segmented into, optical fibers, infrared optics, solar cells, PET catalysts, and others. The optical fibers segment is expected to grow at the highest CAGR and will dominate the market owing this to the flourishing of the solar installation market; this is because solar energy production requires the use of germanium substrates making the demand for solar energy significantly high. Moreover, the use of solar energy is very cost-effective and highly efficient. Germanium is commonly used in the lenses or windows in solar panels because of it highly transparent infrared radiation related to applications in infrared optics. Additionally, this chemical is utilized as a catalyst for the chemical process of polyethylene terephthalate (PET) in manufacturing plastic bottles as well as food containers.

Regional Market Analysis

Based on regional segmentation, the market is further divided into, North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific dominated the market in 2020. Europe on the other hand, is expected to witness a rapid growth during the forecast period due to the increasing growth and innovations in the electronic industry. Other regions such as Latin America and Middle East & Africa are also expected to contribute significant growth in the germanium market by accounting for large shares accounted for in the germanium market globally.

Key Players

Based on an extensive assessment, these major key players on the Germanium market have a competitive landscape and utilizing key strategic developments to lead the industry over the past years until now. These companies are, Yunnan Germanium, Umicore, Yunnan Chihong Zn and Ge, Teck Resources Limited, Zhonghao Technology, AXT Inc, JSC Germanium, Shenzhen Zhongjin, Lingnan, PPM Pure Metals, Sihuan Zinc and Germanium, Indium Corporation, GEAPP, and Photonic Sense among others.

Report Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy

Industry Segmentation and Revenue Breakdown

Product Analysis (Revenue, USD Million, 2021 - 2028)

• Germanium Tetrachloride
• High-purity GeO2
• Germanium Ingot
• Other

End users / Applications Analysis (Revenue, USD Million, 2021 - 2028)

• IR Optics
• Fiber Optics
• Polyethylene Terephthalate (PET)
• Electronic and Solar
• Other

Region Analysis (Revenue, USD Million, 2020 – 2028)

• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Qatar
• Saudi Arabia
• Japan
• Africa
• Rest of World

Available Versions:
• United States Germanium Industry Research Report
• Europe Germanium Industry Research Report
• Asia Pacific Germanium Industry Research Report

Need report on this market for specific region or Country? Or need a customized report as per your need? Want to know discounts as available?

Email US

David Correa

Or Fill the form below "Sample Request Form" with your queries in message box.


20% Free Customization ON ALL PURCHASE

*Terms & Conditions Apply

Request Free Sample

Please fill in the form below to Request for free Sample Report

  • Office Hours Mon - Sat   10:00 - 16:00

  • Send Us Mail