Arsenic Market size is estimated to reach $69 million by 2030, growing at a CAGR of 3.1% during the forecast period 2024-2030. Growing demand in electronics industry for production of semiconductors, solar cells and LEDs, rising usage of arsenic in pesticides and herbicides and research and development for new uses and applications are propelling the Arsenic Market growth.
Arsenic's unique properties as a dopant in the production of semiconductors drive its use in the electronics industry. Owing to the emergence of new technologies such as 5G, IoT and electric vehicles and so on, the demand for next generation electronic components is witnessing a multifold increase thereby driving the arsenic market growth.
The “Arsenic Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Arsenic Market.
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Attribute
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Segment
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By Form
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Organic Salts
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Inorganic Salts
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Elemental Form
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By
Purity
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2N
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3N
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4N
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5N
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6N
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7N
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Others
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By
End-Use Industry
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Electronics
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Agriculture
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Healthcare
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Construction
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Others
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By
Geography
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North America (U.S., Canada and Mexico)
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Europe (Germany, France, UK, Italy, Spain, Russia and Rest
of Europe),
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Asia-Pacific (China, Japan, South Korea, India, Australia
& New Zealand and Rest of Asia-Pacific),
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South America (Brazil, Argentina, Chile, Colombia and Rest
of South America)
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Rest of the World (Middle East and Africa).
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COVID-19 / Ukraine Crisis - Impact Analysis:
• The COVID-19 pandemic has caused widespread disruptions to global supply chains, including those involved in the production and distribution of arsenic. Lockdowns, travel restrictions, and other measures taken to contain the spread of the virus have affected the ability of companies to source raw materials and transport finished products.
• Ukraine is not a major producer or consumer of arsenic, and the country's production of arsenic-containing minerals is limited. Therefore, the direct impact of the Russia-Ukraine conflict on the global arsenic market is minimal. The war in Ukraine disrupted transportation networks in the region, potentially affecting the movement of goods including arsenic and other minerals which indirectly affected the global arsenic market.
Key Takeaways:
• Fastest Growth of Asia-Pacific Region
Geographically, in the global Arsenic market share, Asia-Pacific is analyzed to grow with the highest CAGR of 3.9% during the forecast period 2024-2030. Many countries in the Asia Pacific region, such as China, India, and South Korea, are experiencing rapid industrialization and urbanization. This has led to the growth of electronics, construction and agricultural industries in these countries. This is driving demand for products and materials from these industries containing arsenic, such as semiconductors, pesticides, and wood preservatives.
Agriculture Industry to Register the Fastest Growth
In the Arsenic Market analysis, the Agriculture End-Use Industry is estimated to grow with the highest CAGR of 3.8% during the forecast period 2024-2030. The estimated growth of arsenic in the agricultural industry is due to an increase in demand for food production and the need for effective pest and disease control measures. Arsenic-based pesticides are effective against a wide range of pests and weeds, and they are used to control pests in a variety of crops. Despite the potential health risks associated with arsenic use in agriculture, there is increasing demand for arsenic-based pesticides in some countries where regulations are less strict.
• Inorganic Salt Form is Leading the Market
According to the Arsenic Market forecast, the Inorganic Salt form held the largest market share of 58% in 2023. Inorganic arsenic compounds are used in a variety of industrial applications, such as glass manufacturing, wood preservation, and semiconductors. To protect against decay, insects, and other environmental hazards, inorganic arsenic compounds are widely used as a wood preservative. Glass is also made with inorganic arsenic compounds to increase its durability and to give it a yellow or green color. As industrial activity continues to grow and develop, demand for inorganic arsenic compounds is also set to increase.
• Limited Availability of Raw Materials
Arsenic is a relatively rare element and is primarily obtained as a byproduct of mining other metals, such as copper and lead. The availability of arsenic is affected by fluctuations in the demand for copper and lead. The limited availability of raw materials impacts the availability and price of arsenic-containing products, which creates uncertainty for companies that rely on these materials. Companies are exploring alternative sources of arsenic and developing new methods for extracting it to address this challenge.
• Health and Environmental Impacts
Arsenic is a toxic substance that can cause serious health problems if ingested or inhaled. Long-term exposure to arsenic can lead to various health issues, including skin lesions, cardiovascular disease, diabetes, and cancer. In addition, the release of arsenic into the environment can lead to contamination of soil and water and cause serious environmental impacts.
As a result, there are strict regulations governing the use and disposal of arsenic. Regulatory restrictions on the use of arsenic have limited its availability, particularly in application for wood preservation. This creates barriers to entry for companies looking to produce or sell arsenic-containing products, and also creates additional costs for compliance with regulations.
Arsenic Market Share (%) By Region, 2023
Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Arsenic Market. The top 10 companies in this industry are listed below:
1. Chenzhou Chenxi Metal Co., Ltd.
2. PPM Pure Metals Recylex Group
3. Amalgamet Canada LP
4. Furukawa Co., Ltd.
5. Jiangxi Haichen Optoelectronic Incorporated
6. Yangzhou Zhongtianli New Material Co
7. Xianxian Hongxing Dianzi Cailiao
8. Jiangxi Deyi Semiconductor Technology
9. Indenta Chemicals (India) Pvt. Ltd.
10. Pallav Chemicals & Solvents Pvt. Ltd.
Scope of the Report:
Report Metric | Details |
Base Year Considered | 2023 |
Forecast Period | 2024–2030 |
CAGR | 3.1% |
Market Size in 2030 | $69 million |
Segments Covered | Form, Purity, End-Use Industry and Region |
Geographies Covered | North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa). |
Key Market Players | 1. Chenzhou Chenxi Metal Co., Ltd. 2.PPM Pure Metals Recylex Group 3.Amalgamet Canada LP 4.Furukawa Co., Ltd. 5.Jiangxi Haichen Optoelectronic Incorporated 6.Yangzhou Zhongtianli New Material Co 7.Xianxian Hongxing Dianzi Cailiao 8.Jiangxi Deyi Semiconductor Technology 9.Indenta Chemicals (India) Pvt. Ltd. 10. Pallav Chemicals & Solvents Pvt. Ltd. |
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