High Purity Arsenic Market Report Overview
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The global high purity arsenic market size is expected to be worth USD 24 million in 2021 and is projected to touch USD 40.87 million by 2031, at a CAGR of 5.3% during the forecast period.
In the air, water, and land, arsenic is widely distributed as a naturally occurring element in the earth's crust. As an inorganic compound, it is extremely toxic. Drinking contaminated water, using contaminated water in food preparation and crop irrigation, industrial processes, etc. all expose people to high levels of inorganic arsenicHigh grade arsenic has a purity of 99.9999%. In the electronics industry, ultrapure arsenic (6N) is extensively employed as a dopant and in III-V compound semiconductors. Arsenic (6N pure) must currently be imported into India because it cannot be produced there. The BARC has standardised a process for converting commercially available arsenic trioxide (99.9%) into 6N (99.9999%) pure arsenic. The quality of the finished product is on par with or better than that of the imported goods. A 200 gramme batch scale has been built specifically for the approach.
It is necessary to handle ultra-pure arsenic under clean benches in clean rooms in order to prevent impurities from entering the product through ambient air. As the starting material, commercial arsenic trioxide (99.9%) is used.
For solar cells, space research, and telecommunications, high purity arsenic metal was used to produce gallium-arsenide (GaAs) semiconductors. Optical materials made from germanium arsenide-selenide also contained arsenic. The short-wave infrared technology was based on indium-gallium-arsenide (InGaAs). For biomedical, communications, computer, electronics, and photovoltaic applications, high-purity arsenic metal was used to produce GaAs, indium-arsenide, and InGaAs semiconductors. The global market for high purity arsenic metal is estimated to be worth $200 million by 2020. The production of GaAs wafers in China accounted for almost one-half of global production
COVID-19 Impact: Imposed Lockdown and Shutdown to Hamper Market
The global COVID-19 pandemic has been unprecedented and staggering, with the high purity arsenic market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden surge in CAGR is attributable to high purity arsenic market growth and demand returning to pre-pandemic levels once the pandemic is over.
Since the virus spread so rapidly, the COVID-19 had a negative impact on the high purity arsenide market. The pandemic had a negative impact on the global economy due to imposed lockdowns and total shutdowns in almost every region of the world. The manufacturing and supply chain of most industries experienced a significant downturn in the first half of the year. The market, which is an important component of the semiconductor industry, also slowed in the early months of the pandemic. Travel restrictions caused supply chain disruption, which impacted the market. Consumer confidence and economic uncertainty have affected demand for gallium arsenide germanium solar cells (Gaas). In addition to supply chain delays, logistics activities were delayed as a result of the pandemic. Due to the easing of restrictions, the high purity arsenic market is expected to regain its pace following the pandemic.
Latest Trends
"Growth in the Usage of Semiconductor Materials to Drive the Market Growth"
Gallium arsenide, indium arsenide, and other semiconductors with high purity arsenic are utilized to create high-speed opto-electronic devices (such as gun diodes, laser diodes, light emitting diodes). Due to these uses, the demand for high purity arsenic has increased recently. Most of the semiconductor industry's arsenic consumption is high purity. It is used in numerous applications, such as solar cells and integrated circuits. In semiconductors like gallium arsenide, germanium, and silicon, the element arsenic is essential. They are employed in numerous additional applications in addition to those involving transistors and rectifiers.
High Purity Arsenic Market Segmentation
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- By Type
The market is classified into 5N5, 6N, 7N, and 7N+ based on type. The 5N5 segment will lead the high purity arsenic market share throughout the forecast period.
- By Application
The market is classified into semiconductor, LED, laser diodes, and others on the basis of application. The semiconductor will lead the high purity arsenic market share throughout the forecast period.
Driving Factors
"Increase in the Usage of LED to Drive the Market Growth"
As light-emitting diode technology advances, LED lighting products have penetrated the commercial lighting market, with enormous growth potential. The lighting in commercial buildings, such as stores, offices, hospitals, restaurants, and schools, accounts for almost twenty percent of the country's total energy consumption.
"High Demand For Photovoltaics to Drive the Market Growth"
Photovoltaics are among the largest consumers of high purity arsenic. The material is used in the manufacture of solar cells and other photovoltaic products. Materials used in solar cells include silicon, cadmium telluride, and copper indium gallium selenide. Each of these materials contains a significant amount of arsenic.
Restraining Factors
"Health Issues Related to arsenic to Impede the Market Growth"
As the most significant chemical contaminant in drinking water worldwide, inorganic arsenic is a confirmed carcinogen. It is also possible to find arsenic in organic form. Water contains inorganic arsenic compounds, whereas seafood contains organic arsenic compounds.
High Purity Arsenic Market Regional Insights
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"Asia Pacific to Lead the Market Share Owing to the Presence of Market Players"
With most of the consumption in populated countries like China and India, the Asia Pacific region is on its way to becoming the global leader in arsenic production and consumption due to the presence of more number of market players. High purity arsenic metal is primarily produced in China, which accounts for about 90% of the world's production. As a result of the growing use of glass products owing to their physio-chemical properties, such as chemical and mechanical resistance, and the fact that they can reduce breakage risk, there is a rise in arsenic in the glass industry. Accordingly, the global high purity arsenic market growth. As urbanization increases, wood is used in a variety of buildings, offices, furniture, etc., in the region, therefore, arsenic is used to fix concoctions in place to minimize wood leaching, increasing the demand for arsenic in the area. As the population and agricultural activities in the region grow, pesticides containing arsenic are widely used to prevent the growth of unwanted organisms, which drives the demand for global arsenic.
Key Industry Players
"Leading Players Adopt Acquisition Strategies to Stay Competitive "
Several players in the market are using acquisition strategies to build their business portfolios and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the high purity arsenic market.
List of Market Players Profiled
- Furukawa (Japan)
- PPM Pure Metals (Europe)
- Shandong Humon Smelting (China)
- Haichen Optoelectronic
- Jiangxi Deyi Semicondctor Technology (China)
- Donghai Dongfang High-purity Electronic Material (China)
- Zhongtianli (China)
REPORT COVERAGE
In the report, factors affecting the market from both demand and supply are evaluated and market dynamics during the forecast period are also forecasted. Also included in the report is a comprehensive PEST analysis of countries, which assesses the governmental, financial, and shared factors influencing their markets. Apart from all of these, the report also provides drivers, restraints, opportunities, and future trends.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 24 Million in 2021 |
Market Size Value By |
US$ 40.87 Million by 2031 |
Growth Rate |
CAGR of 5.3% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
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What is the estimated value of the high purity arsenic market by 2031?
By 2031, the high purity arsenic market is anticipated to be worth USD 40.87 million.
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What is the estimated CAGR for the high purity arsenic market by 2031?
The high purity arsenic market is estimated to grow at a 5.3% CAGR by 2031.
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What are the factors driving the high purity arsenic market?
Increase in the usage of LEDs, and high demand for photovoltaics are some of the major driving factors of the high purity arsenic market.
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Which are the leading players in the high purity arsenic market?
The top companies in the market include Furukawa, PPM Pure Metals, Shandong Humon Smelting, and Haichen Optoelectronic, etc.