The Global Zinc Selenide Market was valued at USD 194 million in 2024 and is projected to reach USD 133 million by 2032, shrinking at a negative Compound Annual Growth Rate (CAGR) of -5.4% during the forecast period (2024–2032). This market contraction is primarily due to competitive material substitution and shifting demand dynamics in key end-use industries. However, sustained demand for high-performance infrared optics in defense, medical, and industrial laser applications continues to anchor the market, driven by the material’s unique properties such as excellent transmission in the 0.5–22 µm wavelength range.

As industries increasingly demand precision optical components for advanced technologies, the role of specialized material manufacturers becomes critical. In this blog, we profile the Top 10 Companies in the Zinc Selenide Industry—a group of leading material scientists, optics specialists, and advanced manufacturing pioneers shaping the future of infrared and laser technologies.

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🔟 1. II-VI Incorporated (Now Coherent Corp.)

Headquarters: Saxonburg, Pennsylvania, USA
Key Offering: High-purity ZnSe substrates, lenses, windows, and laser components

II-VI Incorporated, now operating under the Coherent brand following its 2022 merger, is the global leader in Zinc Selenide manufacturing. The company provides a comprehensive portfolio of ZnSe products for high-power CO₂ lasers, thermal imaging systems, and spectroscopic applications. Their materials are critical components in defense targeting systems, industrial manufacturing, and medical laser equipment.

Innovation Focus:

• Advanced chemical vapor deposition (CVD) processes for ultra-pure ZnSe

• Proprietary coating technologies for enhanced durability and performance

• R&D in next-generation infrared materials and composites

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9️⃣ 2. Edmund Optics (EO)

Headquarters: Barrington, New Jersey, USA
Key Offering: ZnSe lenses, windows, mirrors, and custom optical components

Edmund Optics is a leading global supplier of optical components, including precision Zinc Selenide products for a wide range of applications. The company serves research institutions, defense contractors, and industrial manufacturers with off-the-shelf and custom-designed ZnSe optics. Their extensive distribution network and technical support make them a preferred partner for prototyping and production requirements.

Innovation Focus:

• Rapid prototyping services for custom ZnSe optics

• Advanced metrology and quality control systems

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8️⃣ 3. TYBANG

Headquarters: Shanghai, China
Key Offering: ZnSe crystals, optical blanks, and finished components

TYBANG is a major Chinese manufacturer specializing in infrared optical materials, with Zinc Selenide as a core product line. The company has established itself as a key supplier in the Asian market, providing cost-effective solutions for industrial laser systems and thermal imaging applications. Their manufacturing scale allows them to compete effectively in price-sensitive market segments.

Innovation Focus:

• Cost-optimized production processes for volume manufacturing

• Expansion into higher-value precision optics markets

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7️⃣ 4. R’AIN Group

Headquarters: Moscow, Russia
Key Offering: ZnSe single crystals, polycrystalline materials, optical elements

R’AIN Group is a prominent Russian manufacturer of advanced optical materials, with significant expertise in Zinc Selenide production. The company serves primarily the defense and industrial sectors within the CIS region, providing materials for military infrared systems and industrial processing equipment. Their vertical integration from raw material processing to finished optics provides cost and quality advantages.

Innovation Focus:

• Development of large-diameter ZnSe crystals for aerospace applications

• Specialized coatings for extreme environment operation

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6️⃣ 5. Crystaltechno Ltd.

Headquarters: Moscow, Russia
Key Offering: High-quality ZnSe substrates and optical components

Crystaltechno is another key Russian player in the Zinc Selenide market, known for its high-purity materials and consistent quality. The company has developed specialized growth techniques that produce ZnSe with excellent optical homogeneity and minimal absorption losses. Their materials are used in scientific research, medical devices, and specialized industrial applications requiring premium optical performance.

Innovation Focus:

• Ultra-high purity ZnSe for scientific and research applications

• Custom crystal growth for specific customer requirements

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5️⃣ 6. Alkor Technologies

Headquarters: Kyiv, Ukraine
Key Offering: ZnSe optical components, coatings, and assemblies

Alkor Technologies, based in Ukraine, has built a reputation for high-quality Zinc Selenide components despite challenging market conditions. The company specializes in complex optical assemblies that integrate ZnSe with other materials for sophisticated electro-optical systems. Their engineering expertise in optical design and system integration adds significant value beyond basic material supply.

Innovation Focus:

• Multi-material optical assemblies incorporating ZnSe

• Advanced anti-reflection and protective coatings

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4️⃣ 7. Wavelength-tech

Headquarters: Shanghai, China
Key Offering: ZnSe lenses, windows, and laser optics

Wavelength-tech is a Chinese optical component manufacturer with a strong focus on laser applications. The company produces Zinc Selenide components specifically optimized for high-power CO₂ lasers used in industrial cutting, welding, and marking systems. Their products are known for consistent performance and competitive pricing, making them popular in manufacturing sectors worldwide.

Innovation Focus:

• Components optimized for specific laser wavelengths and power levels

• Enhanced thermal management designs for high-power applications

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3️⃣ 8. Vital Materials Co., Ltd.

Headquarters: Shenzhen, China
Key Offering: ZnSe raw materials, crystals, and basic optical components

Vital Materials is a significant supplier in the global Zinc Selenide supply chain, with operations spanning raw material processing through to basic optical manufacturing. The company’s strength lies in its control over selenium sourcing and purification, providing a stable supply of high-purity starting materials for the optics industry. They serve both other manufacturers and end-users in price-sensitive market segments.

Innovation Focus:

• Selenium purification and recycling technologies

• Scale-up of production capacity for cost leadership

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2️⃣ 9. Altechna

Headquarters: Vilnius, Lithuania
Key Offering: Precision ZnSe optics, coatings, and laser components

Altechna, part of the Light Conversion group, is a European manufacturer of high-quality optical components including specialized Zinc Selenide products. The company focuses on the research and scientific markets, providing optics with exceptional surface quality and precise tolerances. Their expertise in coating technology enhances the performance and durability of ZnSe components in demanding applications.

Innovation Focus:

• High-damage-threshold coatings for laser applications

• Custom optics for research and scientific instruments

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1️⃣ 10. EKSMA Optics

Headquarters: Vilnius, Lithuania
Key Offering: ZnSe standard and custom optics for laser systems

EKSMA Optics completes our list as a reputable European supplier of optical components, including a range of Zinc Selenide products. The company has extensive experience in serving the laser industry, providing reliable components for both OEMs and end-users. Their product range includes standard catalog items as well as custom solutions tailored to specific application requirements.

Innovation Focus:

• Standardized product lines for common laser applications

• Quality systems ensuring consistent optical performance

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🌍 Outlook: The Future of Zinc Selenide Relies on Niche Applications and Technological Evolution

The Zinc Selenide market is navigating a period of transition. While overall market value is contracting due to competition from alternative materials like germanium and zinc sulfide, specific high-value applications continue to drive demand. The material’s unique combination of broad infrared transmission and relatively low cost compared to some alternatives ensures its continued relevance in targeted sectors.

📈 Key Trends Shaping the Market:

• Increasing sophistication of thermal imaging systems in defense and security

• Growth in medical laser applications requiring precise wavelength control

• Development of advanced coatings to overcome ZnSe’s material limitations

• Geographic shift in manufacturing towards Asia with focus on cost optimization

Get Full Report Here: Zinc Selenide Market – View in Detailed Research Report

The companies listed above are not only supplying critical materials for today’s advanced optical systems—they’re pushing the boundaries of what’s possible in infrared technology and laser applications.