Global phosphine gas (pH3Industry market overview
According to Bergers Consulting, the global phosphine gas (PH3) industry market size is expected to be 13$9.9 billion, growing at a CAGR of 5. 2023-202879%。
Phosphine gas is a colorless and odorless chemical with the chemical formula phi. It has been used as an insecticide by farmers and researchers for centuries because of its toxic effects on the insects that come into contact with it. Phosphine gas generally does not have any direct adverse effects on human or animal health, unless humans or animals inhale high concentrations of phosphine gas for a long time.
The electronics industry is phosphine gas (pH3The main driving force of the industry
At present, the electronics industry has become a core industrial system that supports the sustainable development of the global economy and ensures the strategic security of all countries, and it has also contributed to the growth of the world economy. High-purity electronic gas is one of the core and key raw materials of the entire electronic industry system, and 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. Many cutting-edge military** and electronic devices rely on high-purity specialty electronic gases, especially in many cutting areas. In recent years, the demand for electronic gases has increased significantly due to the rapid growth of global electronic industry products. This is also the main driving force for the development of the phosphine (PH3) industry.
Data**: Bergers Consulting.
Phosphine (pH3) by regionThe status quo of the industry
North America will hold the major market share of phosphine gas, which was 4495% and will continue to maintain its leading position, the high use of electronic-grade phosphine gas in microelectronics will drive sustainable growth in the North American market. The rapid growth of the Asia-Pacific market and the increase in demand for products are due to the increase in demand from the chemical industry, led by China, India, and Japan. The increasing use of technical-grade phosphine gas in fumigation applications will help drive the growth of the European market. The Middle East and Africa is expected to witness significant growth due to the adoption of the product in semiconductor applications.
Table: Phosphine (PH3) market share by region, 2022.
Data**: Bergers Consulting.