High Purity Polycrystalline InP (Indium Phosphide) Market Outlook: Powering the Next Era of Global Space Missions
Market Overview The High Purity Polycrystalline InP (Indium Phosphide) Market is gaining increasing attention as global demand for high-performance semiconductor materials continues to rise. Indium phosphide is widely recognized for its superior electron mobility, high thermal conductivity, and excellent optoelectronic properties. These characteristics make it an essential material for advanced applications such as high-speed optical communication devices, laser diodes, photodetectors, and radio frequency (RF) components used in 5G infrastructure and aerospace technologies. The global High-purity Polycrystalline InP market size is predicted to grow from US$ 61.6 million in 2025 to US$ 102 million in 2031; it is expected to grow at a CAGR of 8.8% from 2025 to 2031. High purity polycrystalline InP serves as a critical raw material for manufacturing single-crystal InP wafers. The need for ultra-high purity levels is driven by stringent performance requirements in photonics an...