Arsenic Market Growth Forecast: Exploring Trends and Opportunities for the Next Decade
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What key factors are powering the surge in the arsenic market right now?
The arsenic market has seen consistent growth over the past few years. The market is projected to expand from a value of $2.83 billion in 2024 to $2.92 billion in 2025, with a compound annual growth rate (CAGR) of 3.4%. Factors that have contributed to this growth in the historic period include industrial and manufacturing processes, wood preservation, the use of pesticides and herbicides, medical and pharmaceutical applications, and mining and ore processing.
How fast Is the arsenic market expected to grow, and what’s its future value?
The size of the arsenic market is forecasted to witness a stable increase in the upcoming years, reaching a total worth of $3.28 billion by 2029, growing at a compound annual growth rate (CAGR) of 2.9%. Factors contributing to this growth during the forecasted period include its use in water treatment, the semiconductor industry, research and development, solar cell production, and the enforcement of rigorous environmental regulations. Key trends within this period encompass incorporating arsenic mitigation into water infrastructure schemes, investigation of long-term health effects of repeated exposure to arsenic, and technological advancements for handling agricultural pollution.
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What are the leading drivers of growth in the arsenic market?
The expansion of the arsenic market is predicted to derive momentum from the increasing quantity of mobile networks. These networks, crucial to contemporary communication, facilitate wireless communication via mobile gadgets, such as smartphones and tablets. The surge in the number of mobile networks can be attributed to a rising demand for connectivity, advancements in technological tools, and the broadening reach of mobile services in budding markets. It fosters worldwide connectivity and information access. As stated in a report by Ericsson, a telecommunications corporation from Sweden, over 5.3 billion 5G subscriptions globally are anticipated by 2029, with the average monthly data usage per smartphone climbing from 21GB in 2023 to 56GB. It is also speculated that by 2029, 85% of the global population will have 5G coverage. Thus, the escalation in the number of mobile networks propels the growth of the arsenic market.
What are the key segments defining the arsenic market?
The arsenic market covered in this report is segmented –
1) By Type: Organic Arsenic, Inorganic Arsenic, Arsine Gas
2) By Purity: High Purity Arsenic (5N5), 0.99 (6N), 0.985 (7N), Other Purities
3) By Application: Agricultural Timber And Poles, Building And Fencing, Utility Poles, Highway, Other Applications
Subsegments:
1) By Organic Arsenic: Arsenic-Containing Pesticides, Arsenic-Based Pharmaceuticals
2) By Inorganic Arsenic: Arsenic Trioxide, Arsenic Pentoxide, Arsenic Sulfide
3) By Arsine Gas: Industrial-Grade Arsine, Research-Grade Arsine
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Who are the key players steering the development of the arsenic market?
Major companies operating in the arsenic market include Chenzhou Chenxi Metals Co. Ltd., Xilan Chemicals Co. Ltd., Pallav Chemicals & Solvents Pvt. Ltd., Lonza Group AG, Recylex Group, Furukawa Co. Ltd., Amalgamet Canada LP, Yangzhou Zhongtianli New Material Co. Ltd., PPM Reinstmetalle Osterwieck GmbH, Emeishan Jiamei High Purity Material Co. Ltd., Noah Technologies Corporation, High Purity Material Co. Ltd., ProChem Inc., ALB Materials Inc., Mil-Spec Industries, Merck KGaA, Thermo Fisher Scientific Inc., GFS Chemicals Inc., Chemetall GmbH, Johnson Matthey plc, Aurubis AG, Umicore NV, Teck Resources Limited, Glencore plc, Boliden AB, Zijin Mining Group Co. Ltd., Polyus Gold International Limited, Kinross Gold Corporation, Newmont Corporation, Barrick Gold Corporation, Gold Fields Limited, Agnico Eagle Mines Limited, Yamana Gold Inc., Harmony Gold Mining Company Limited, Sibanye Stillwater Limited
What emerging trends are influencing the growth of the arsenic market?
Key arsenic market players are adopting a strategic partnership strategy to enhance their technological integration and broaden their market influence. A strategic partnership generally signifies a cooperative relationship between several organizations where they amalgamate their resources, skills, and efforts to accomplish mutual goals or objectives. For example, in April 2024, Avnet India, a technology distributing company based in India, joined forces with the Indian Institute of Science (IISc), a research institute also based in India, to tackle the issue of arsenic contamination in groundwater. The main focus of this partnership is to create sustainable, waste-free solutions for arsenic remediation. Avnet India has supplied the Sustainable Separation Solutions group at IISc with essential safety and experimental apparatus, facilitating researchers to conduct groundbreaking studies.
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Which regions are most influential in expanding the arsenic market?
Asia-Pacific was the largest region in the arsenic market in 2024. The regions covered in the arsenic market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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