Zinc Phosphide Market Segmented By 99% purity, 90% purity, 80% purity Type in Photovoltaics, Semiconductors, Fumigants, Rodenticide Application
Industry: Chemicals and Materials
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Report Type: Ongoing
Report ID: PMRREP32767
According to the latest research, the demand for Zinc Phosphide is anticipated to grow with a compelling growth rate of about 3.5% to 5.0% in between the coming assessment period of 2021-2031. Due to increasing demand across various applications like semiconductor, rodenticides, photovoltaics, and poison, the market is expected to expand at a healthy pace over the next few years.
It is a dark grey, crystalline inorganic chemical compound used as rodenticides to kill small animals such as rats, field mice, and squirrels. Poisoning with zinc phosphide can make rodents sick or perhaps kill them.
During the projected period, rising demand for photovoltaic cells from the electronic and electrical industries is expected to drive the zinc phosphide market. It is also utilised in the production of semiconductors. Semiconductors are found in smart phones, laptop computers, transformers, and television sets. In the long run, this is projected to boost the market over the projection period.
The introduction of 3D design assembly has been a significant boon to the players in the global semiconductor assembly and test services market. The technology enables the players to create innovative products without incurring additional costs for development and raw materials.
The global semiconductor assembly and test services market may experience new levels of growth in the coming years as a result of these technologies which helps to propel the market of zinc phosphide.
It is a rodenticide that is used to kill small mammals such as rats, field mice, and squirrels. Rodents can become ill or die as a result of zinc phosphide poisoning. Rodenticide baits contain this substance. The zinc phosphide in the bait is converted to phosphine by the acid in the animal's stomach when it consumes it.
The gas phosphine is extremely poisonous. Aluminum phosphide and magnesium phosphide both produce phosphorus. In stored grain, they are utilised as fumigants. Growing demand of zinc phosphide as a rodenticide in agriculture sector helps to drive the market growth.
It is a material that can be used in photovoltaic cells. It's also used in laboratories as a chemical. In medicine and pharmaceuticals, it is extremely significant.
During the forecast period, Asia Pacific is expected to continue to lead the worldwide zinc phosphide market. From countries like China and Taiwan, the demand for semiconductors and photovoltaics increases gradually which is expected to enhance the demand in the region which helps to fuel the market in the forecast market.
Due to increased awareness of the effectiveness of chemical rodenticides, the market for zinc phosphide is expected to develop at the fastest CAGR in the Asia Pacific region. Asia Pacific is one of the most important markets for rodenticides because it is the world's largest and most populous area.
In agricultural settings, rodents are a common problem. Rodents destroy and pollute large amounts of agricultural produce every year. The usage of rodenticides has expanded dramatically in the region to meet the rising demand for food goods and to decrease agricultural damage caused by rodents.
The majority of commercial establishments in Europe and North America are required to have an annual rodent control service programme. As a result, the demand for zinc phosphide gains traction in these regions for the production of rodent control products used in these sectors.
Multiple crop protection chemical manufacturers are located in the North America region, and the demand for sustainable agriculture is increasing. Numerous regulations to protect agriculture are also in place in the region. It is used as a fumigant to protect the crop from the insects.
Some of the leading manufacturers and suppliers include
Significant growth of the agricultural sector and electronic industry in countries such as China and India drive the industrial sector market in the Asian-pacific region. Several players are investing a significant efforts and funds in research and development to introduce new products.
Key players are also focusing on acquisitions of small and medium size players and collaborations with other market participants either for the R&D or to manufacture the product at a large scale.
By Type
By Application
By Region
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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