Arsenic Market Size Worth $69 Million By 2030: IndustryARC
Research Reports
Oct 06, 2023
Arsenic Market size is predicted to reach $69 billion by 2030, growing at a CAGR of 3.1% during the forecast period 2023-2030 according to the latest market research report published by IndustryARC. The surging demand of Arsenic in the wood preservation industry, rapid industrialization and urbanization in developing countries and favorable geopolitical factors such as global demand for agriculture products and demand for mining of copper and gold metals are poised to propel the market growth, finds IndustryARC in its recent report, titled “Arsenic Market Size, Share & Trends Analysis Report By Form (Organic Salts, Inorganic Salts, Elemental Form), By Purity (2N, 3N, 4N, 5N, 6N, 7N, Others), By End-Use Industry (Electronics, Agriculture, Healthcare, Construction, Others), By Region and Segment Forecasts, 2023–2030”
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Asia-Pacific to Register Highest Growth:
The Asia-Pacific region is rapidly industrializing, with many countries, such as China and India, experiencing substantial economic growth. As a result, demand for products from the electronics and construction industries has increased. Demand for arsenic, used in these industries for semiconductor manufacturing, glass manufacturing, and wood preservation, is also rising.
Additionally, the Asia-Pacific region is home to some of the world’s largest developing economies, such as China, Indonesia and India. These countries have a high demand for arsenic-based pesticides to protect their crops from pests and diseases. As the population of these countries increase, the demand for arsenic-based pesticides is also expected to rise.
Arsenic Market 2023-2030: Scope of the Report
| Report Metric | Details |
| Base Year Considered | 2022 |
| Forecast Period | 2023–2030 |
| 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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Arsenic Market Report – Key Takeaways:
Growing Demand for Arsenic in the Pharmaceutical Industry
Arsenic has been used in medicine as a potential treatment for acute promyelocytic leukemia, a rare and aggressive form of blood cancer. The demand for arsenic in the pharmaceutical industry is expected to increase as more research is conducted on its potential uses in cancer treatment. The increasing prevalence of cancer, coupled with the need for more effective treatments, is likely to drive the demand for arsenic-based drugs in the coming years.
Electronics Industry Dominated the Market
Electronics held the largest market share of 63% in 2022. Arsenic is used as a dopant in silicon which is used in the production of semiconductors, which are essential components of electronic devices such as smartphones, computers, and televisions. Arsenic is used to alter the electrical properties of semiconductor materials, which allows for the precise control of the flow of electricity in electronic devices.
North America is Leading the Market
The North America region held a major market share of 42% in 2022. The North American region is home to some of the world’s largest semiconductor manufacturers, such as Intel and Qualcomm. As arsenic is used in the production of semiconductors, there is a growing demand for arsenic in the electronics industry in the region. Additionally, as the demand
for cancer treatments continues to rise in the North American region, there is a growing demand for arsenic-based drugs.
Environmental and Health Impacts of Arsenic
Arsenic is a toxic substance that can cause serious health and environmental problems if not handled and disposed of properly. Arsenic exposure can cause a range of health problems, including skin lesions, respiratory problems and cardiovascular diseases. Thus, there is growing concern about the use of arsenic in certain applications, such as in agriculture and drinking water treatment. As a result, there are strict regulations governing the use and disposal of arsenic in many countries.
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Key Opportunity Analysis:
Research and Development for Innovative Applications
Research and development represent a significant opportunity for the arsenic market. Materials science, chemistry, and biology research and development could lead to new and innovative applications for arsenic. Arsenic, for example, is being researched for its potential applications in catalysis, which could be used to develop more efficient and sustainable chemical processes. Companies that invest in research and development are more likely to find significant market opportunities.
Recycling and Reclamation of Arsenic
Recycling and reclamation are important strategies for reducing the environmental impact of arsenic-containing waste streams and for ensuring a sustainable supply of arsenic. Arsenic-containing waste streams can come from a variety of sources, including electronic waste, mining and smelting operations, and agricultural runoff. There is an opportunity for companies to develop new technologies for monitoring and managing arsenic pollution. For example, remote sensing technologies can be used to identify areas of contamination.
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The Report also Covers the Following Areas:
Arsenic Market Size and Forecast
Arsenic Market Trends
Arsenic Market Analysis by Product Type
Arsenic Market 2023-2030: Key Highlights
CAGR of the market during the forecast period 2023-2030
Value Chain Analysis of key stake holders
Detailed analysis of market drivers and opportunities during the forecast period
Arsenic Market size estimation and forecast
Analysis and predictions on end users’ behavior and upcoming trends
Competitive landscape and Vendor market analysis including offerings, developments, and financials
Comprehensive analysis of challenges and constraints in the Arsenic Market
Covid-19 and Ukrainian Crisis Impact:
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. This indirectly affected the global arsenic market.
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List of Key Market Players in Arsenic Market:
The Global Arsenic Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:
- Chenzhou Chenxi Metal Co., Ltd.
- PPM Pure Metals Recylex Group
- Amalgamet Canada LP
- Furukawa Co., Ltd.
- Jiangxi Haichen Optoelectronic Incorporated
- Yangzhou Zhongtianli New Material Co
- Xianxian Hongxing Dianzi Cailiao
- Jiangxi Deyi Semiconductor Technology
- Indenta Chemicals (India) Pvt. Ltd.
- Pallav Chemicals & Solvents Pvt. Ltd.
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Mr. Venkat Reddy IndustryARC Email: sales@industryarc.com USA: (+1) 518-282-4727
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