Global Phosphine Gas (PH3) Market Size is Expected to Grow to $1399 Million by 2028

Global Phosphine Gas (PH3) Market Overview

According to Global Market Monitor, the global phosphine gas market size is expected to grow to $1399 million by 2028 with a CAGR of 5.79% from 2023 to 2028.

Phosphine gas is a colorless, odorless chemical with the formula PHi. It has been used as an insecticide by farmers and researchers for centuries because of its toxic effects on insects that are exposed to it. Phosphine gas typically does not have any direct adverse health effects on humans or animals unless they breathe it in high concentrations for sustained periods.

The Electronics Industry is the Main Driver of the Phosphine Gas (PH3).

At present, the electronics industry has become a core industrial system that supports the sustainable development of the global economy and guarantees the strategic security of countries, which contributes to the growth of the global economy. High-purity electronic gas is one of the cores and key raw materials of the entire electronics industry system. Among them, high-purity special electronic gas is the top priority in the field of high-purity electronic gas. It is used in the defense military industry, aerospace, new solar cells, and electronics. Many sophisticated military weapons and electronic devices are dependent on high-purity specialty electronic gases, especially in many cutting fields. In recent years, due to the rapid growth of global electronics industry products, the demand for electronic gases has increased significantly. This is also the main driving force for the development of the phosphine (Ph3) industry.

Source: www.globalmarketmonitor.com

Regional Phosphine Gas (PH3) Market Status

North America accounted for the major market share of phosphine gases (PH3) at 44.95% in 2022 and will continue to maintain its leading position. The high use of electronic-grade phosphine gases (PH3) in microelectronics will drive the sustainable growth of the North America market. The Asia Pacific market is growing rapidly, and the reason for the increase in products is the increase in demand from the chemical industry led by China, India, and Japan. The increasing use of technology-grade phosphine gases in fumigation applications will help drive the growth of the Europe market. Due to the adoption of phosphine gases (PH3) in semiconductor applications, significant growth is expected in the Middle East and Africa.

Table: Phosphine (Ph3) market share by region in 2022

North America	The largest market	44.95%
Europe	Major market	29.14%
Asia-Pacific	Major market	21.35%
Latin-America	Potential market	1.46%
Middle East & Africa	Potential market	3.16%

Source: www.globalmarketmonitor.com

To Get More Information about Phosphine Gas (Ph3)，Please CliCK《China Phosphine Gas (Ph3) Industry Market Research Report 2023-2029》。