Phosphine Gas Market: Overview
Phosphine is a colorless, odorless, and toxic gas with chemical formula PH3. It is slightly soluble in water; however, it dissolves in natural solvents such as mineral spirit and acetone. Under normal conditions, it is non-ignitable gas; however, when heated, it burst into flames, forming phosphoric acid.
Phosphine gas is made by the reaction of white phosphorus with sodium or potassium hydroxide. The reaction produces sodium hypophosphite or potassium as a by-product. Another way of obtaining phosphine gas is by acid catalyzed disproportioning of white phosphorus, which produces phosphoric acid and phosphine. Both these methods have industrial significance; however, the acid route is a preferred method.
Advancements in nano-material science and increase in use of technologies such as chemical vapor deposition and physical vapor deposition are anticipated to create lucrative opportunities thus, propelling the phosphine gas market. Moreover, growth in the consumer electronics industry and rise in demand for mobile phones, laptops, LED televisions, and printers, among others are fueling the phosphine gas market.
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Phosphine Gas Market: Key Segments
Based on application, the global phosphine gas market can be segmented into fumigation, semiconductor, and others (includes intermediates used in flame retardants). Phosphine gas is used in the semiconductor industry as dopant in chips and in making LEDs. In LEDs, phosphine gas is used to impart red and yellow color. Enhanced features such as energy efficiency, environment friendly, low operational cost, and durability have encouraged marketers and advertisers to use LED displays for outdoor promotional campaigns and advertisement. Furthermore, rise in the number of live concerts, sport competitions, and corporate exhibitions are fueling the semiconductor segment. Phosphine gas is used as fumigants, which are used in homes to control the infestation of bugs, rats and rabbit. PH3 has strong odor and can be smelt by human; however, rodents and other bugs and insects cannot.
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Phosphine Gas Market: Regional Outlook
In terms of geography, the global phosphine gas market can be divided into Asia Pacific, Europe, North America, Middle East & Africa, and Latin America. Asia Pacific is anticipated to constitute a major share of the global phosphine gas market during the forecast period. The phosphine gas market in the region is likely to expand at a rapid pace due to surge in the number of consumers and decrease in price of electronic gadgets worldwide. Moreover, spending power of the people across the world is increasing due to the rise in their per capita income. The U. S, Europe, are engaged in research & development activities of new products and launching them in developing nations, as these being their potential market for business.
Phosphine Gas Market: Key Players
Prominent players operating in the global phosphine gas market include CYTEC SOLVAY GROUP, Praxair, Inc, Air Products and Chemicals, Inc., BASF SE, and The Linde Group. These companies engage in research & development activities, strategic alliances, and mergers & acquisitions to gain market share.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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