Global Phosphine Gas Market Size to Exceed USD 5.19 Billion by 2035 | CAGR of 7.26%
Category: Chemicals & MaterialsGlobal Phosphine Gas Market Size to Exceed USD 5.19 Billion by 2035
According to a Research Report Published by Spherical Insights & Consulting, The Global Phosphine Gas Market Size is expected to Grow from USD 2.4 Billion in 2024 to USD 5.19 Billion by 2035, at a CAGR of 7.26% during the forecast period 2025-2035.
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Browse 210 Market Data Tables And 45 Figures Spread Through 190 Pages and In-Depth TOC On the "Global Phosphine Gas Market Size, Share, and COVID-19 Impact Analysis, By Form (Gas, Liquid, and Solid), By Grade (Electronic, Technical, Industrial, and Others), By Application (Agriculture, Metal Phosphide Manufacturing, Chemical Synthesis, Semiconductor Industry, and Phosphine fumigation) and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/phosphine-gas-ph3-market
The phosphine gas market refers to the global trade and utilization of phosphine, a gas widely used for grain fumigation, chemical production, metal reduction, and semiconductor manufacturing. The market for phosphine gas is driven by its vital function in agriculture, where it acts as a strong fumigant to keep pests away from stored grains and agricultural goods while providing a low-residue, safer substitute for conventional pesticides. Its popularity is further aided by the growing global population and the emphasis on food security. High-purity phosphine is utilized in the production of microchips, LEDs, and electronic components, especially in light of the growth of the Internet of Things and 5G. The electronics and semiconductor sectors are also significant drivers. Furthermore, because phosphine derivatives are utilised in medication manufacturing and the gas serves as a reducing agent and chemical intermediary, medicines and chemicals also support market expansion. Its adaptability is increased by developments in speciality chemicals, chemical processes, and sophisticated fumigation techniques. Overall, phosphine gas's multi-industry uses and critical role in current technology promote continued global market expansion. However, high toxicity, stringent safety restrictions, and environmental dangers prevent widespread use of phosphine gas.
The gas segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the form, the phosphine gas market is divided into gas, liquid, and solid. Among these, the gas segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The market for phosphine gas is dominated by the gas segment because of its extensive commercial application in electronics and agriculture. It is perfect for fumigation since it diffuses readily, penetrates bulk items, and effectively controls pests without leaving residues. High-purity gas is also necessary for applications in semiconductors and microelectronics, which propels market dominance.
The electronic segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the grade, the phosphine gas market is divided into electronic, technical, industrial, and others. Among these, the electronic segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. Phosphine gas's crucial role in the production of semiconductors, microchips, LEDs, and thin-film technologies accounts for the electronics segment's greatest market share. This market is expected to increase steadily due to rising demand for high-purity phosphine and sophisticated electrical gadgets.
The agriculture segment accounted for the highest market revenue in 2024 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the application, the phosphine gas market is divided into agriculture, metal phosphide manufacturing, chemical synthesis, semiconductor industry, and phosphine fumigation. Among these, the agriculture segment accounted for the largest share in 2024 and is anticipated to grow at a significant CAGR during the forecast period. Phosphine gas is widely used to fumigate stored grains and other agricultural products; the agricultural portion of the market makes the most money. In order to effectively manage pests, ensure food safety, and preserve agricultural products globally, grain fumigation depends on phosphine.
Asia Pacific is expected to hold the majority share of the global phosphine gas market during the forecast period.
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Asia Pacific is expected to hold the majority share of the global phosphine gas market during the forecast period. The region's sizable agricultural sector is the main driver of this, especially in nations like China, India, and Japan, where phosphine is widely used for grain fumigation. Furthermore, the region's market dominance is strengthened by the expanding electronics and semiconductor sectors, which increase demand for high-purity phosphine gas.
North America is anticipated to grow at the fastest pace in the global phosphine gas market during the forecast period. Market growth is driven by the expansion of semiconductor and electronics manufacturing, as well as the growing need for improved agricultural fumigation. Adoption of better phosphine handling technology is encouraged by strict attention to safety and environmental standards, which further supports the region's rapidly expanding market.
Major vendors in the global Phosphine Gas market are Air Products and Chemicals, Inc., BASF SE, The Linde Group, Nippon Chemical Industrial Co., Ltd., Solvay S.A., Praxair Technology, Inc., Taiyo Nippon Sanso Corporation, Air Liquide S.A., Mitsui Chemicals, Inc., Showa Denko K.K., Arkema S.A., Honeywell International Inc., Evonik Industries AG, Merck KGaA, Sumitomo Chemical Co., Ltd., American Elements, BOC Group Limited, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In January 2024, WatchGas announced the addition of phosphine (PH3) as a target gas in its SST1 sensor line, enhancing detection capabilities. This expansion allows for more precise monitoring of phosphine in agriculture, electronics, and industrial applications, strengthening safety and compliance measures across multiple sectors.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the phosphine gas market based on the below-mentioned segments:
Global Phosphine Gas Market, By Form
- Gas
- Liquid
- Solid
Global Phosphine Gas Market, By Grade
- Electronic
- Technical
- Industrial
- Others
Global Phosphine Gas Market, By Application
- Agriculture
- Metal Phosphide Manufacturing
- Chemical Synthesis
- Semiconductor Industry
- Phosphine fumigation
Global Phosphine Gas Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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