Press release
Global Arsenic Market Projected to Grow at 2% CAGR, Reaching $2.36 Billion by 2029
Arsenic
What Will the Arsenic Industry Market Size Be by 2025?
The market size for arsenic has seen a slight expansion in the past few years. The market is predicted to increase from $2.16 billion in 2024 to $2.18 billion in 2025, sustaining a compound annual growth rate (CAGR) of 0.8%. The augmentation during the historic period can be linked to industrial procedures and manufacturing, wood conservation, pesticides and herbicides, medical and pharmaceutical uses, and mining and ore processing.
What's the Long-Term Growth Forecast for the Arsenic Market Size Through 2029?
The expected size of the arsenic market is projected to see a slight increase in the coming years, reaching $2.36 billion in 2029 with a 2.0% compound annual growth rate (CAGR). This anticipated growth during the predicted period is due to factors such as water treatment, the semiconductor industry, research and development, solar cell manufacturing, and strict environmental laws. The prominent trends forecasted for this duration will include incorporation of arsenic reduction into water infrastructure projects, health impact studies of prolonged arsenic exposure, and technological advancements for resolving agricultural contamination.
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What Are the Key Growth Drivers Fueling the Arsenic Market Expansion?
The arsenic market's expansion is propelled by the rising quantity of mobile networks. Mobile networks are telecommunications roadways that facilitate wireless conversation via portable devices like smartphones and tablets. The surge in mobile networks stems from the escalating demand for connectivity, technological advancements, and the spread of mobile services in burgeoning markets. These networks are crucial for contemporary communication, facilitating global linkage and access to data. For example, a study by Ericsson, a telecommunications enterprise from Sweden, predicts that by 2029, the total number of 5G subscriptions worldwide will surpass 5.3 billion. Moreover, the average monthly data usage per smartphone is expected to leap from 21GB in 2023 to 56GB. Furthermore, it is predicted that by the close of 2029, 85% of the global populace will have access to 5G coverage. Consequently, the increasing tally of mobile networks is fueling the progress of the arsenic market.
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What Are the Key Trends Driving Arsenic Market Growth?
Key corporations in the arsenic market are taking on strategic partnerships as a method to improve technology incorporation and broaden their influence in the market. A strategic partnership is generally a cooperative alliance between multiple organizations aimed at pooling their resources, proficiency, and initiatives to accomplish shared aims or objectives. For example, Avnet India, a technology distributor based in India, teamed up with the Indian Institute of Science (IISc), a research institute situated in India, in April 2024 to tackle arsenic pollution in groundwater. The partnership aims to create sustainable, zero-waste methods for arsenic remediation. Avnet India has contributed essential safety and research apparatus to the Sustainable Separation Solutions team at the IISc, allowing researchers to perform groundbreaking research.
How Is the Arsenic Market Segmented?
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
Subsegments:
1) By Organic Arsenic: Arsenic-Containing Pesticides; Arsenic-Based Pharmaceuticals
2) By Inorganic Arsenic: Arsenic Trioxide; Arsenic Pentoxide; Arsenic Sulfide
3) By Arsine Gas: Industrial-Grade Arsine; Research-Grade Arsine
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Which Companies Are Leading the Charge in Arsenic Market Innovation?
Major companies operating in the arsenic market include 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
Which Regions Are Leading the Global Arsenic Market in Revenue?
Asia-Pacific was the largest region in the arsenic market in 2024. The regions covered in the arsenic market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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