Global Zinc Arsenide Market: Introduction
Zinc arsenide is a binary compound of zinc with arsenic. It is found as a metal salt, most often as mineral sphalerite. The mineral is in the form of gray tetragonal crystals. Zinc arsenide is stable at normal temperatures and pressures. Its molecular formula is Zn3As2. Zinc arsenide has electric properties such as high intrinsic carrier concentration, low electric resistivity, and high mobility. Zinc arsenide possesses thermal and mechanical properties such as high thermal conductivity, high melting point, and low specific gravity. Though zinc is harmful in excess, in small amounts, it is essential for life. This is because it is a co-factor for over 250 enzymes. Zinc arsenide is employed in biomedical research and processing of photo-optic equipment such as microscopes and slit lamps. Zinc arsenide is a highly hazardous metalloid and, on contact, it may cause sudden unconsciousness. It is largely used in effluent treatment in the electronics industry. This is projected to restrain the market for zinc arsenide during the forecast period.
Global Zinc Arsenide Market: Segmentation
The global zinc arsenide market can be segmented based on product type, application, and region. In terms of product type, the market can be classified into ingot, powder, and wafer. The powder segment is projected to expand at a rapid pace during the forecast period. Powder type of zinc arsenide occupies less space and its packaging is also easier than that of other types. It is generally used in making optic solar panels and superconductors, transistors, and thermocouples. Rising demand from the electronics industry is likely to drive the market for zinc arsenide during the forecast period.
In terms of application, the zinc arsenide market can be classified into semiconductor, photo-optic, and research. The semiconductor segment is projected to expand at a rapid pace during the forecast period. Semiconductors are employed to make integrated circuits (ICs) and printed circuit boards (PCBs). These are also used in the manufacture of smart mobiles and watches. Semiconductor applications will drive the demand for zinc arsenide during the forecast period.
In the biomedical & biotechnology research and while manufacturing photo-optic equipment, zinc arsenide is used as a metal salt. This is estimated to drive the market for zinc arsenide during the forecast period.
Global Zinc Arsenide Market: Regional Outlook
In terms of region, the global zinc arsenide market can be segmented into Asia Pacific, Europe, Latin America, North America, and Middle East & Africa. Asia Pacific is expected to remain the dominant region of the global zinc arsenide market during the forecast period. Rise in urbanization and increase in digitization in countries such as China and Taiwan are key factors anticipated to propel the demand for zinc arsenide in Asia Pacific during the forecast period. Zinc arsenide is largely used in the manufacture of PCBs, which are employed in the production of smart mobiles, laptops, transformers, and TVs. This is a key factor likely to drive the demand for zinc arsenide during the forecast period. The zinc arsenide market in Africa is expected to expand at a sluggish pace during the forecast period, due to underdeveloped economy of the sub-region and lack of technological advancements.
Global Zinc Arsenide Market: Key Players
The global zinc arsenide market is fragmented. A large number of companies operate at the global and regional levels. Major companies operating in the market are Alfa Aesar, LTS Research Laboratories, ALB Materials, MP Biomedicals, Aurora Fine Chemicals LLC, and American Elements, DMS Powders, Sinoferro, Kovohuty Dolny Kubin, Futong Industry, Shenbao Metal Powders, Anyang Xinchuang, Exxaro, Imexsar, and Westbrook Resources Ltd.
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