Zinc Phosphide Market: Introduction
Zinc phosphide can be formed by the reaction of zinc with phosphorus. Zinc phosphide (Zn3P2) is a dark grey, crystalline compound, and an inorganic chemical compound. Zinc phosphide has a room-temperature tetragonal form that converts to a cubic form at around 845°C. Zinc phosphide is a semiconductor with a direct band gap of 1.5 eV and may have applications in photovoltaic cells. It is used as a rodenticide against small mammals as rats, field mice, and squirrels. Zinc phosphide poisoning can cause illnesses or unexpected death of rodents.
Zinc Phosphide Market: Segmentation
The global zinc phosphide market can be segmented based on type, application, and region. In terms of type, the zinc phosphide market can be classified into powder, ingot, wafer, and others. The wafer segment is projected to expand at a rapid during the forecast period. Increasing demand for semiconductors for the use in integrated circuits (IC) and printed circuit board (PCB), will drive the demand for zinc phosphide market. Additionally, zinc phosphide is largely used in to manufacture PCBs, which are used in smart mobiles, laptops, transformers, and TVs. Rise in demand for these devices is anticipated to drive the demand for zinc phosphide during the forecast period.
Based on application, the zinc phosphide market can be divided into photovoltaics, semiconductor, rodenticides, and poisons. Zinc phosphide has strong optical absorption and ideal band gap 1.5 electron volt. Increasing demand for photovoltaics cell from the electronic & electrical industry is estimated to fuel zinc phosphide market during the forecast period. Furthermore, zinc phosphide is used for making semiconductors. Semiconductors are used in smart mobiles, laptops, transformers, and TVs. This, in run, is expected to propel the zinc phosphide market during the forecast period.
Zinc phosphide is used as rodenticides. A mixture of mammal food and zinc phosphide is left , the acid in the digestive system of the mammal reacts with the phosphide to generate toxic phosphine gas, which cause illnesses.There are no antidotes currently known for zinc phosphide. Mortality rate of zinc phosphide poisoning is around 35% to 70%.
Zinc Phosphide Market: Regional Outlook
In terms of region, the global zinc phosphide market can be segregated into Asia Pacific, Europe, Latin America, North America, and Middle East & Africa. Asia Pacific is expected to continue to dominate the global zinc phosphide market during the forecast period. Increasing demand for photovoltaics and semiconductors from countries such as China and Taiwan is a key factor boosting the demand for zinc phosphide in the region during the forecast period.
Additionally, New Zealand Environmental Protection Authority has permitted the import and manufacture of macro-encapsulated zinc phosphide (MZP) for the control of rodents. The application was made by P.T. Ltd, with support from Connovation Ltd, Lincoln University and the Animal Health Board. MZP is likely to be used as an additional vertebrate poison in certain situations. The zinc phosphide market in Africa is estimated to expand at sluggish pace during the forecast period due to underdeveloped economy and lack of technological advancements as compared to the other regions.
Zinc Phosphide Market: Key Player
The global zinc phosphide market is fragmented. Large numbers of companies operate at the global and regional level. Major companies include ALB Materials, American Elements, Lorad Chemical Corporation, ABSCO, Alfa Aesar Co., Finipharma Ltd, GFS Chemicals, and ESPI Metals.
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.