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.
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.
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.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.