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Tellurium Market to Expand by USD 315 Million from 2024-2028, Driven by Rising Demand in Consumer Electronics, AI’s Impact on Market Dynamics – Technavio Report

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NEW YORK, Aug. 27, 2024 /PRNewswire/ — The global tellurium market  size is estimated to grow by USD 315 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  9.84%  during the forecast period.  Increased demand from consumer electronics industry is driving market growth, with a trend towards green bonds fueling demand for tellurium. However, stringent environmental and safety regulations on tellurium  poses a challenge. Key market players include 5N PLUS Ltd., Aurubis AG, Boliden AB, II VI Inc., Kisan Kinzoku Chemicals Co. Ltd, Pan Pacific Copper Co. Ltd., PJSC MMC Norilsk Nickel, Rio Tinto Ltd., Sino Santech Materials Technology Co. Ltd., Shinko Chemical Co. Ltd., Umicore SA, and UMMC Holding Corp..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (Pure tellurium and Telluride), Application (Solar panels, Thermoelectric production, Metallurgy, and Others), and Geography (North America, Europe, APAC, Middle East and Africa, and South America)

Region Covered

North America, Europe, APAC, Middle East and Africa, and South America

Key companies profiled

5N PLUS Ltd., Aurubis AG, Boliden AB, II VI Inc., Kisan Kinzoku Chemicals Co. Ltd, Pan Pacific Copper Co. Ltd., PJSC MMC Norilsk Nickel, Rio Tinto Ltd., Sino Santech Materials Technology Co. Ltd., Shinko Chemical Co. Ltd., Umicore SA, and UMMC Holding Corp.

Key Market Trends Fueling Growth

Green bonds, which are used for investments in environmentally-friendly projects and certified as such by issuing authorities, have gained traction among banks. For instance, the Korean Development Bank issued a USD300 million green corporate bond for renewable energy projects in July 2022. These bonds contribute to the demand for tellurium by funding the installation of solar photovoltaic (PV) systems. The liquid nature of green bonds makes them an attractive investment option for companies, enabling entry into the broader investor base and reducing their cost of capital. This trend is expected to fuel the growth of the global tellurium market in the solar energy industry during the forecast period. 

Tellurium, a metalloid element, is gaining attention in the energy and tech industries due to its role in energy-efficient solutions. In solar technology, tellurium is used as an alloying agent in cadmium telluride (CdTe) for manufacturing thin-film solar cells, contributing to sustainable energy production. In next-gen electronics, tellurium-based compounds are utilized in phase-change memory devices and data storage. However, challenges persist. Supply chain disruptions and environmental impacts, including toxic byproducts and worker safety concerns, are pressing issues in tellurium extraction. The metallurgy industry is advancing to address these concerns, exploring more sustainable and efficient methods for sourcing and utilization. Tellurium’s use in alloys, such as steel and copper, also offers benefits in machinability and strength. Overall, tellurium’s role in clean energy technologies and next-gen electronics makes it a crucial component in the shift towards carbon emissions reduction. 

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Market Challenges

Tellurium is a radioactive metalloid with cyanogenic properties that can negatively impact human health and the environment. Exposure to tellurium through air, water, or food can lead to respiratory issues, such as lung impairment and hard metal disease, as well as carcinogenic health concerns. Continuous exposure to tellurium at a concentration of 0.01 mg/m2 can cause tellurium breath, dry mouth, headache, nausea, and drowsiness. Tellurium can also pose fire hazards and emit toxic fumes when heated. To protect public health and the environment, federal regulations limit the permissible levels of tellurium in air, water, and food. Strict environmental and safety regulations will likely restrict demand for tellurium during the forecast period.Tellurium is a metalloid element with significant applications in electronics, metallurgy, and solar technology. In electronics, it is used as an alloying agent in steel and copper for improved machinability and strength. In solar technology, Tellurium is a crucial component of cadmium telluride (CdTe) used in thin-film solar cells. In thermoelectric materials, Tellurium’s unique properties make it ideal for use in phase-change memory devices and data storage with excellent retrieval capabilities. The demand for Tellurium is driven by the renewable energy sector, particularly in solar energy and power generation. The use of Tellurium in CdTe solar cells is essential for converting sunlight into electricity. However, the limited availability of Tellurium poses challenges for the industry. Umicore is one of the leading suppliers of Tellurium and its compounds, but supply chain constraints can impact production. Tellurium’s dominance in semiconductors and photovoltaic solar cells is due to its high efficiency in thermoelectric applications, energy efficiency improvements, and thermoelectric devices. Its use in optoelectronic devices and thin-film solar panels is also increasing. Despite its importance, Tellurium’s limited availability and high production costs remain significant challenges for the industry.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This tellurium market report extensively covers market segmentation by

Type 1.1 Pure tellurium1.2 TellurideApplication 2.1 Solar panels2.2 Thermoelectric production2.3 Metallurgy2.4 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Pure tellurium-  Tellurium, represented by the chemical symbol Te and having an atomic number of 52, is a fragile, silver-white metalloid. It is naturally found as a dark grey powder with both metallic and non-metallic properties. Tellurium forms numerous compounds similar to those of sulfur and selenium. When burnt in air, it produces tellurium dioxide, resulting in a greenish-blue flame. While water and hydrochloric acid do not affect tellurium, nitric acid causes it to disintegrate. The demand for tellurium is increasing due to its applications in semiconductors and solar cells. As a result, the market for tellurium is projected to expand significantly over the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

Tellurium is a metalloid element with unique properties, making it an essential component in various industries, including electronics, metallurgy, and renewable energy. In metallurgy, Tellurium functions as an alloying agent, enhancing the strength and machinability of steel and copper. In electronics and semiconductors, it plays a crucial role in the production of thermoelectric materials, which convert waste heat into electricity. Tellurium is also a vital ingredient in CdTe solar cells, contributing to the dominance of this technology in solar energy. The demand for Tellurium is driven by the renewable energy sector and the electronics industry, leading to supply chain constraints. Pure Tellurium and its compounds, such as Telluride, are used in chemical processes and the automotive industry. The semi-metal element’s versatility in alloys and semiconductors makes it an indispensable component in data storage and retrieval capabilities. The future of Tellurium lies in its potential to revolutionize power generation and solar energy, offering a sustainable solution to meet the world’s increasing energy demands. Umicore, a leading global materials technology and recycling group, is a significant player in the Tellurium market, contributing to its production and application in various industries.

Market Research Overview

Tellurium is a metalloid element with unique properties, making it an essential component in various industries, including electronics, metallurgy, and solar technology. As a key element in alloying agents for steel and copper, Tellurium enhances machinability and strength. In solar technology, Tellurium is a dominating element in thermoelectric materials, used in the production of cadmium telluride (CdTe) for thin-film solar cells and phase-change memory devices in data storage. Tellurium’s role in solar energy is significant, with CdTe solar cells being a popular choice due to their efficiency and energy efficiency improvements. However, the supply chain for Tellurium is limited, leading to constraints in the renewable energy sector. Pure Tellurium and its compounds, such as Telluride, are used in various applications, including semiconductors, photovoltaic solar cells, and thermoelectric devices. The demand for Tellurium is driven by the renewable energy sector, particularly in solar energy, as well as in next-gen electronics and clean energy technologies. However, the extraction of Tellurium comes with challenges, including environmental impacts, toxic byproducts, and worker safety concerns. Advancements in metal extraction and sourcing are essential to meet the growing demand while minimizing these issues. Tellurium’s role in energy efficiency and sustainable energy solutions is significant, with potential applications in waste heat recovery, automotive power generation, and optoelectronic devices. Despite its importance, the limited availability and supply chain disruptions can pose challenges to its widespread adoption.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypePure TelluriumTellurideApplicationSolar PanelsThermoelectric ProductionMetallurgyOthersGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Who’s Working Remotely? Virtual Vocations Survey Highlights Evolving Jobseeker Demographics

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This survey underscores the diverse backgrounds and experiences of remote jobseekers, highlighting the growing demand for flexible work arrangements across various demographics.

TUCSON, Ariz., Dec. 27, 2024 /PRNewswire-PRWeb/ — With over 500 participants from the U.S. (69%) and international locations (31%), Virtual Vocations‘ 2024 demographics survey offers valuable insights into the evolving landscape of remote work. By comparing responses across these groups, the survey highlights shared experiences and unique challenges faced by jobseekers worldwide.

“Whether based in the U.S. or abroad, jobseekers are embracing remote roles to align their careers with their personal goals, and we’re proud to be a part of their journey.” –Laura Spawn, CEO and co-founder of Virtual Vocations

Although Virtual Vocations is a U.S.-based company, it supports international jobseekers through its fully remote job board and career resources, addressing the global demand for remote work opportunities. The company frequently receives inquiries from international members seeking to access fully remote roles, punctuating the worldwide appeal of flexible work arrangements.

“The 2024 demographics survey results reinforce what we’ve known for years—professionals around the world are seeking flexibility, balance, and opportunities to work from home,” said Virtual Vocations CEO Laura Spawn. “Whether based in the U.S. or abroad, jobseekers are embracing remote roles to align their careers with their personal goals, and we’re proud to be a part of their journey.”

Fully Remote Jobs Remain Most Desired

A significant 43% of U.S.-based jobseekers and 42% of international respondents named fully remote, no-travel jobs as their top preference. These roles, which allow employees to work entirely from home, offer flexibility, aligning with both personal and professional goals. Although occasional in-person requirements may arise, fully remote roles are favored over hybrid, partially remote, and “work from anywhere” options. These positions provide businesses with access to a broader talent pool and enable employees to prioritize workplace values and culture.

Top Industries for Remote Jobseekers

The survey also highlights four key industries attracting remote jobseekers worldwide. Information Technology (IT) stands out as the leading industry for remote roles, with significantly more job postings than any other field. Healthcare follows closely, benefiting from the growth of telehealth and remote medical roles. Customer service offers engaging opportunities for professionals interested in client interaction, while education presents a wide array of roles in online teaching, tutoring, and instructional design, fueled by the expansion of virtual learning.

Jobseekers’ Common Frustrations

Both U.S. and international jobseekers shared frustrations, particularly with online job scams. Jobseekers expressed dissatisfaction with the prevalence of scams, especially when searching for work-at-home positions. Despite relying on online job boards, only a quarter (23% of U.S. respondents and 24% of international respondents) use dedicated remote job boards, like Virtual Vocations, where job postings are thoroughly vetted to ensure they are free of scams. Additionally, many jobseekers expressed frustration with excessive job requirements and employers failing to provide feedback or “ghosting” applicants during the hiring process, with one-third of respondents from both groups reporting these issues.

Income Insecurity: A Global Concern

Income insecurity remains a pressing issue for both U.S. and international jobseekers, with many reporting their earnings as insufficient for comfortable living. Sixty-five percent of U.S. respondents and 77% of international respondents reported inadequate household incomes. Nearly half (48%) of U.S. jobseekers earn less than $60,000 annually, while 68% of international jobseekers earn under $30,000. To improve financial stability, many jobseekers have set income targets, with 30% of U.S. jobseekers aiming for $60,000–$89,999 and another 30% targeting at least $120,000. In contrast, international respondents generally require lower salaries, with 38% seeking $30,000–$59,999 and 32% aiming for $60,000–$89,999.

For a comprehensive analysis and additional insights, read the full demographics survey report here: https://www.virtualvocations.com/blog/annual-statistical-remote-work-reports/remote-work-demographics-survey-results-2024/

ABOUT VIRTUAL VOCATIONS
Founded in 2007 by CEO Laura Spawn and her brother, CTO Adam Stevenson, Virtual Vocations is a small company with a big mission: to connect jobseekers with legitimate remote job openings. To date, Virtual Vocations has helped more than four million jobseekers in their quests for flexible, remote work.

In addition to providing a database of current, hand-screened, and 100% remote job openings, Virtual Vocations offers jobseekers a number of tools to aid in their job searches, including exclusive career courses, downloadable jobseeker content, and career coaching and resume writing services. Virtual Vocations also releases several data-driven reports each year on current trends in remote work.

Virtual Vocations, Inc. is a private, family-owned, and 100% virtual company incorporated in Tucson, Arizona.

Media Contact

Kimberly Back, Virtual Vocations, Inc., 1 (800) 379-5092 x. 703, kim@virtualvocations.com, https://www.virtualvocations.com

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SOURCE Virtual Vocations, Inc.

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Judge Baker Children’s Center d/b/a The Baker Center for Children and Families Provides Notice of Data Security Incident

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BOSTON, Dec. 27, 2024 /PRNewswire/ — Judge Baker Children’s Center d/b/a The Baker Center for Children and Families (“The Baker Center”), a nationally recognized provider of services for children’s mental health, has learned of a data security incident that may have impacted certain personal and / or protected health information. On December 27, 2024, The Baker Center formally notified potentially affected individuals with available address information and provided resources to assist them.

On July 28, 2024, The Baker Center discovered unusual activity within its local digital storage environment. After taking immediate steps to ensure the environment was secure, The Baker Center enlisted independent cybersecurity experts to conduct an investigation to determine what happened and whether sensitive information may have been impacted. According to the investigation, an unauthorized actor gained access to The Baker Center’s systems between July 26 – 28, 2024 and may have downloaded certain files. Following a thorough review of the impacted files, on October 28, 2024, The Baker Center determined that certain individuals’ personal and/or protected health information was potentially impacted during the incident.

The information affected during this incident varies between individuals but may have involved the following: name, address, date of birth, Social Security number, driver’s license or other government identification number, financial account information, health insurance information, medical treatment or diagnosis information, and/or clinical information.

On December 27, 2024, The Baker Center mailed notification letters to potentially impacted individuals with verifiable address information. The letters include information about this incident and about steps that potentially impacted individuals can take to monitor and help protect their personal and protected health information. The Baker Center has established a toll-free call center to answer questions about the incident and to address related concerns. The call center can be reached at 844-920-8988, Monday through Friday from 9:00 AM to 9:00 PM Eastern time

The Baker Center takes the security and privacy of information in its possession very seriously and is taking steps to prevent a similar event from occurring in the future. The Baker Center deeply regrets any inconvenience or concern this incident may cause.

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SOURCE The Baker Center for Children and Families

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outboundIQ Achieves Certified Implementation Partner (CIP) Status with Five9

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Delivering Optimized, Outbound-Focused Contact Center Solutions for Modern Businesses

LAUDERDALE LAKES, Fla., Dec. 27, 2024 /PRNewswire/ — outboundIQ www.outboundiq.com proudly announces its accreditation as a Five9 Certified Implementation Partner (CIP), a distinction that reflects its deep expertise in optimizing and streamlining outbound-focused contact center operations. With a team of seasoned Five9 veterans, expert programmers, and industry thought leaders, outboundIQ is uniquely equipped to help businesses of all sizes unlock the full potential of Five9’s Virtual Contact Center platform.

Optimized Solutions for Complex Contact Center Needs
outboundIQ specializes in providing expedited, outbound-focused contact center implementations, integrating advanced features such as inbound and outbound Voice, SMS, Chat, Email, Salesforce Integration, and other third-party app integrations. Clients can also leverage ongoing optimization engagements and monthly retainers for strategic consulting designed to support long-term, outreach-focused success.

“Who better to handle your domain configuration than the experts that understand the outbound contact center world. To be an outbound expert, you must know 3 things; how to configure the domain front end, how the architecture interprets that design, and how carriers respond to your dialing behavior as a result of the build. outboundIQ has the advantage of deeply understanding all 3 things. Our experts are seasoned professionals that will guide toward the best build for your business. You tell us about your business, your needs and your processes, and we will build you a domain fit for purpose. outboundIQ offers best in class Domain Optimization, Implementation and Consulting for customers of all sizes and complexity. Due to our methodology and proprietary automations, we are able to bring our customers’ projects to life within accelerated timeframes.”

Jessica Clay, VP Support and Services

“We launched our business in June and were fortunate to connect with the incredible team at outboundIQ early on. Navigating the world of outbound calling and building efficient prospecting systems isn’t easy, but the entire team at outboundIQ brought our vision to life seamlessly. They implemented our ideas quickly and executed them flawlessly. Since partnering with them, our contact rates have significantly improved, our conversions have increased, and our overall business is thriving. We’re deeply grateful for this collaboration and look forward to continuing our work together on future endeavors!”

– Tim, Lit Financial

“I genuinely don’t know enough ways to thank the entire outboundIQ team. I inherited a domain riddled with mistakes, tangled beyond belief, and I had essentially planned to scrap the whole thing and start over. That’s when this team, led by Jessica Clay’s brilliance, took over to understand exactly what I wanted to create and completely revitalized my domain. We are all beyond thankful as they continue to consult for us to this day and I see no reason to stop. Thank you, Jessica, Jason, Rudy, Bruno, Sandy and everyone who gets the pleasure of working with these domain geniuses!”

– Michael, Lifetime Home Remodeling

A Holistic Approach to Outbound Excellence
Creating a competitive, consumer-focused outreach program requires more than just advanced technology. As outboundIQ explains, a thriving contact center functions like a high-performing racing team:

The Car: Five9 Virtual Contact Center provides a cutting-edge technology foundation.The Driver: Strong Dialer Administrators who skillfully manage operations.The Pit Crew: IT/Support teams ensuring seamless functionality.The Spotters: Data Analytics and Reporting experts optimizing performance.The Fuel: High-quality data driving better outcomes.

outboundIQ’s professional services team brings these critical elements together, ensuring clients achieve best-in-class outbound operations that prioritize consumer experience while maintaining a competitive edge.

A Call to Collaboration
With its new CIP certification, outboundIQ invites businesses to explore select partnership opportunities and projects to reimagine their contact center operations. Whether through expedited implementations or ongoing strategic consulting, outboundIQ is committed to driving measurable results for its clients.

About outboundIQ
outboundIQ delivers optimized, outbound-focused contact center implementations, combining years of Five9 expertise with cutting-edge strategies to help businesses achieve exceptional outreach outcomes. As a Five9 Certified Implementation Partner, outboundIQ provides tailored solutions to meet the unique needs of modern organizations.

About Five9
Five9 is a digital enterprise’s leading cloud contact center and software provider. The Five9 Intelligent CX Platform is reliable, secure, compliant, and scalable, designed to create exceptional personalized customer experiences.
www.five9.com

Media contact: 
Sandy Tafur
Phone: 404-660-5314
mail: sandy@outboundiq.com

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SOURCE outboundIQ

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