Press release
Arsenic Market Growth, Demand, Key Drivers, Forecast To 2033
Arsenic Market
The arsenic market size is expected to see steady growth in the next few years. It will grow to $3.36 billion in 2028 at a compound annual growth rate (CAGR) of 3.2%. The growth in the forecast period can be attributed to water treatment, semiconductor industry, research and development, solar cell manufacturing, stringent environmental regulations.. Major trends in the forecast period include integration of arsenic mitigation into water infrastructure projects, research on health impacts of chronic arsenic exposure, technological solutions for agricultural contamination..
Market Overview -
Arsenic refers to an element and a widely distributed naturally occurring mineral. It is a metalloid, meaning it has properties of both metals and non-metals. It serves as an alloying agent and is also used in the manufacture of glass, pigments, textiles, paper, metal adhesives, wood preservatives, and ammunition.
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Surging Demand In The Glass Industry Shapes The Arsenic Market Landscape
The rising use of arsenic in the glass industry is expected to boost the growth of the arsenic market going forward. Glass refers to an inorganic solid material that is often clear or translucent, hard, brittle, and resistant to the elements. Arsenic is used as a fining agent in the glassmaking process to improve the clarity and color of glass. For instance, according to the International Energy Agency, a France-based autonomous intergovernmental organization, in 2021, in comparison to the base case, the demand is anticipated to increase by two times by 2040. Additionally, the demand for arsenic accounts for about 25% of the world's production. Therefore, the rising use of arsenic in the glass industry is driving the growth of the arsenic market.
Competitive Landscape -
Major companies operating in the arsenic market report are Chenzhou Chenxi Metals Co. Ltd., Xilan Chemicals Co. Ltd., Pallav Chemicals & Solvents Pvt. Ltd., Lonza Group AG, Recylex Group, Furukawa Co. Ltd., Amalgamet Canada LP, Yangzhou Zhongtianli New Material Co. Ltd., PPM Reinstmetalle Osterwieck GmbH, Emeishan Jiamei High Purity Material Co. Ltd., Noah Technologies Corporation, High Purity Material Co. Ltd., ProChem Inc., ALB Materials Inc., Mil-Spec Industries, Merck KGaA, Thermo Fisher Scientific Inc., GFS Chemicals Inc., Chemetall GmbH, Johnson Matthey plc, Aurubis AG, Umicore NV, Teck Resources Limited, Glencore plc, Boliden AB, Zijin Mining Group Co. Ltd., Polyus Gold International Limited, Kinross Gold Corporation, Newmont Corporation, Barrick Gold Corporation, Gold Fields Limited, Agnico Eagle Mines Limited, Yamana Gold Inc., Harmony Gold Mining Company Limited, Sibanye Stillwater Limited .
Amneal Pharmaceuticals Redefines Arsenic Market With Groundbreaking Arsenic Trioxide Injection
Product innovation is a key trend gaining popularity in the arsenic market. Major companies operating in the arsenic market are focused on developing new arsenic-based products to strengthen their position in the market. For instance, in September 2021, Amneal Pharmaceuticals LLC, a US-based manufacturer and supplier of generic pharmaceuticals, launched arsenic trioxide injection. The unique feature of this injection is its ability to induce remission and consolidation in acute promyelocytic leukemia (APL) patients, or who have relapsed from it, and whose APL is distinguished by the presence of the t(15,17) translocation.
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Key Segments -
The arsenic market covered in this report is segmented -
1) By Type: Organic Arsenic, Inorganic Arsenic, Arsine Gas
2) By Purity: High Purity Arsenic (5N5), 0.99 (6N), 0.985 (7N), Other Purities
3) By Application: Agricultural Timber And Poles, Building And Fencing, Utility Poles, Highway, Other Applications
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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