Global Phosphine Gas (PH3) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Phosphine Gas (PH3) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Phosphine Gas (PH3) market finds that the global Phosphine Gas (PH3) market reached a value of USD 996.0 million in 2022. It’s expected that the market will achieve USD 1399.0 million by 2028, exhibiting a CAGR of 5.83% during the forecast period.

Factors for this Market

At present, the electronics industry has become a core industrial system that supports the sustainable development of the global economy and guarantees the strategic security of countries. At the same time, it has also contributed to the growth of the global economy.
High-purity electronic gas is one of the cores and key raw materials of the entire electronics industry system. Among them, high-purity special electronic gas is the top priority in the field of high-purity electronic gas. It is used in defense military industry, aerospace, new solar cells and electronics. The product has extremely wide applications:
Manufacture of computer chips, solar cells, LED devices to mobile communications, satellite navigation, spacecraft manufacturing, etc.
Many cutting-edge military weapons and other electronic equipment are inseparable from high-purity special electronic gases, especially in many cutting fields.
Cutting-edge military fields related to national strategic security (for example, the manufacture of drones) must use high-purity electronic gases exceeding 9.999% (6N) to ensure the quality requirements of product equipment.
In recent years, due to the rapid growth of global electronics industry products, the demand for electronic gases has increased significantly. This is also the main driving force for the development of phosphine (Ph3) industry.

Factors Challenging the Market

At present, the environmental protection policy is strict. From the perspective of production, existing players need to spend more money and energy to improve the pollution treatment system, while potential entrants need to gather more funds for environmental protection investment, whether it is investment cost or production. Costs have increased. From the perspective of consumption, Phosphine Gas (Ph3) is a highly toxic gas and is the most commonly used high-efficiency fumigant insecticide. It is usually suitable for confined spaces with a certain temperature, such as the prevention and control of granaries, warehouses, warehouses, and greenhouses Or a variety of pests and germs in cars and boats. Pests used in agriculture for fumigating seeds, fruit trees, seedlings, etc. are also used for soil disinfection. Many fumigants are very toxic to humans and animals, and Phosphine Gas (Ph3) is no exception. As people's awareness of health and environmental protection gradually increases (such as dibromoethane has been banned), its downstream demand will inevitably be affected, posing a challenge to the development of the industry.

Region Overview:

North America is projected to account for a considerable share of the Phosphine Gas (PH3) market and is expected to become the largest region by 2028.

Company Overview:

Cytec Solvay Group is one of the major players operating in the Phosphine Gas (PH3) market, holding a share of 11.26% in 2023.

Cytec Solvay Group

Cytec Industries Inc. provides chemical products. The Company offers ammonium hydrogen fluoride, barium chloride, synthetic powder, fluorine, gadolinium oxides, lithium cryolite, potassium fluoroborate, and sulphides products. Cytec Industries serves the aerospace, agriculture, automotive, defense, electronics, energy, medical, and mining sectors worldwide.

Nippon Chemical Industrial

Nippon Chemical Industrial Co., Ltd. produces and sells industrial inorganic chemicals. The Company's products include chromic acid, phosphor compounds, and electronic material such as high-purity carbonate of baryta.

Segmentation Overview:

Among different product types, General Grade segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Fumigation segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Phosphine Gas (PH3) market covered in Chapter 3:

Nippon Chemical Industrial
Cytec Solvay Group

In Chapter 4 and Chapter 14.2, on the basis of types, the Phosphine Gas (PH3) market from 2018 to 2029 is primarily split into:

Electronic Grade
General Grade

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Phosphine Gas (PH3) market from 2018 to 2029 covers:

Fumigation
Electronic Manufacturing
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)