PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1631082
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1631082
Global Nitrogen Trifluoride and Fluorine Gas Market Size Study, by NF3 Application, by F2 Application, and Regional Forecasts 2022-2032
The Global Nitrogen Trifluoride (NF3) and Fluorine Gas (F2) Market, valued at approximately USD 1.87 billion in 2023, is projected to witness a robust CAGR of 8.70% during the forecast period from 2024 to 2032. The unparalleled significance of these gases in advanced manufacturing processes, particularly in semiconductors and electronics, underscores their critical role in the modern industrial ecosystem. Nitrogen trifluoride, with its remarkable cleaning efficacy, has become indispensable in semiconductor chip manufacturing, while fluorine gas, owing to its unique chemical properties, is integral to uranium enrichment and advanced cleaning applications.
The escalating demand for compact, efficient, and high-performing electronic devices has fueled the adoption of NF3 and F2 across diverse applications. Semiconductor manufacturers are leveraging these gases to enhance the precision and cleanliness of production processes, which are vital for developing next-generation microchips and flat-panel displays. Furthermore, the solar industry's transition toward high-efficiency photovoltaic cells has amplified the use of these gases in the manufacturing chain. However, the market faces challenges related to stringent environmental regulations and the high costs associated with the production and storage of these volatile gases.
Regionally, Asia-Pacific emerges as a dominant market, driven by its burgeoning electronics and semiconductor industries in countries like China, South Korea, and Japan. North America follows closely, supported by advancements in electronics manufacturing and robust investments in clean energy technologies. Europe, with its focus on sustainable development, represents a significant market, particularly in uranium enrichment and sulfur hexafluoride production. Latin America and the Middle East & Africa are gradually gaining traction, propelled by investments in industrial infrastructure and renewable energy projects.
Major market players included in this report are:
- Air Products and Chemicals, Inc.
- The Linde Group
- Showa Denko K.K.
- Kanto Denka Kogyo Co., Ltd.
- Hyosung Corporation
- Solvay S.A.
- Merck KGaA
- Air Liquide S.A.
- Central Glass Co., Ltd.
- Mitsui Chemicals, Inc.
- Honeywell International Inc.
- AGC Inc.
- Praxair, Inc.
- OCI Materials Co., Ltd.
- Nippon Sanso Corporation
The detailed segments and sub-segments of the market are explained below:
By NF3 Application:
- Semiconductor Chips
- Flat Panel Display
- Solar Cells
- Others
By F2 Application:
- Uranium Enrichment
- Sulfur Hexafluoride
- Electronic Cleaning
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Years considered for the study are as follows:
- Historical Year: 2022
- Base Year: 2023
- Forecast Period: 2024-2032
Key Takeaways:
- Market estimates & forecasts for 10 years from 2022 to 2032.
- Annualized revenues and regional-level analysis for each market segment.
- Detailed analysis of geographical landscape with country-level insights.
- Comprehensive competitive landscape with key players' profiles.
- Strategic recommendations for future market approaches and trends.
Table of Contents
Chapter 1. Global Nitrogen Trifluoride and Fluorine Gas Market Executive Summary
- 1.1. Global Nitrogen Trifluoride and Fluorine Gas Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By NF3 Application
- 1.3.2. By F2 Application
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Nitrogen Trifluoride and Fluorine Gas Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory Frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global Nitrogen Trifluoride and Fluorine Gas Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Rising Demand in Semiconductor Manufacturing
- 3.1.2. Expansion of Electronics and Display Industries
- 3.1.3. Technological Innovations in Gas Production
- 3.2. Market Challenges
- 3.2.1. Stringent Environmental Regulations
- 3.2.2. High Production and Storage Costs
- 3.3. Market Opportunities
- 3.3.1. Growth in Renewable Energy Sectors
- 3.3.2. Increasing Investments in Clean Energy Technologies
- 3.3.3. Advancements in Gas Purification and Handling
Chapter 4. Global Nitrogen Trifluoride and Fluorine Gas Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top Investment Opportunities
- 4.4. Top Winning Strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Nitrogen Trifluoride and Fluorine Gas Market Size & Forecasts by NF3 Application 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global Nitrogen Trifluoride and Fluorine Gas Market: NF3 Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Semiconductor Chips
- 5.2.2. Flat Panel Display
- 5.2.3. Solar Cells
- 5.2.4. Others
Chapter 6. Global Nitrogen Trifluoride and Fluorine Gas Market Size & Forecasts by F2 Application 2022-2032
- 6.1. Segment Dashboard
- 6.2. Global Nitrogen Trifluoride and Fluorine Gas Market: F2 Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Uranium Enrichment
- 6.2.2. Sulfur Hexafluoride
- 6.2.3. Electronic Cleaning
- 6.2.4. Others
Chapter 7. Global Nitrogen Trifluoride and Fluorine Gas Market Size & Forecasts by Region 2022-2032
- 7.1. North America Nitrogen Trifluoride and Fluorine Gas Market
- 7.1.1. U.S. Nitrogen Trifluoride and Fluorine Gas Market
- 7.1.1.1. NF3 Application Breakdown Size & Forecasts, 2022-2032
- 7.1.1.2. F2 Application Breakdown Size & Forecasts, 2022-2032
- 7.1.2. Canada Nitrogen Trifluoride and Fluorine Gas Market
- 7.1.1. U.S. Nitrogen Trifluoride and Fluorine Gas Market
- 7.2. Europe Nitrogen Trifluoride and Fluorine Gas Market
- 7.2.1. UK Nitrogen Trifluoride and Fluorine Gas Market
- 7.2.2. Germany Nitrogen Trifluoride and Fluorine Gas Market
- 7.2.3. France Nitrogen Trifluoride and Fluorine Gas Market
- 7.2.4. Italy Nitrogen Trifluoride and Fluorine Gas Market
- 7.2.5. Spain Nitrogen Trifluoride and Fluorine Gas Market
- 7.2.6. Rest of Europe Nitrogen Trifluoride and Fluorine Gas Market
- 7.3. Asia-Pacific Nitrogen Trifluoride and Fluorine Gas Market
- 7.3.1. China Nitrogen Trifluoride and Fluorine Gas Market
- 7.3.2. India Nitrogen Trifluoride and Fluorine Gas Market
- 7.3.3. Japan Nitrogen Trifluoride and Fluorine Gas Market
- 7.3.4. South Korea Nitrogen Trifluoride and Fluorine Gas Market
- 7.3.5. Australia Nitrogen Trifluoride and Fluorine Gas Market
- 7.3.6. Rest of Asia Pacific Nitrogen Trifluoride and Fluorine Gas Market
- 7.4. Latin America Nitrogen Trifluoride and Fluorine Gas Market
- 7.4.1. Brazil Nitrogen Trifluoride and Fluorine Gas Market
- 7.4.2. Mexico Nitrogen Trifluoride and Fluorine Gas Market
- 7.4.3. Rest of Latin America Nitrogen Trifluoride and Fluorine Gas Market
- 7.5. Middle East & Africa Nitrogen Trifluoride and Fluorine Gas Market
- 7.5.1. Saudi Arabia Nitrogen Trifluoride and Fluorine Gas Market
- 7.5.2. UAE Nitrogen Trifluoride and Fluorine Gas Market
- 7.5.3. South Africa Nitrogen Trifluoride and Fluorine Gas Market
- 7.5.4. Rest of Middle East & Africa Nitrogen Trifluoride and Fluorine Gas Market
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.1.1. Air Products and Chemicals, Inc.
- 8.1.2. The Linde Group
- 8.1.3. Showa Denko K.K.
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. Air Products and Chemicals, Inc.
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Market Strategies
- 8.3.2. The Linde Group
- 8.3.3. Showa Denko K.K.
- 8.3.4. Kanto Denka Kogyo Co., Ltd.
- 8.3.5. Hyosung Corporation
- 8.3.6. Solvay S.A.
- 8.3.7. Merck KGaA
- 8.3.8. Air Liquide S.A.
- 8.3.9. Central Glass Co., Ltd.
- 8.3.10. Mitsui Chemicals, Inc.
- 8.3.11. Honeywell International Inc.
- 8.3.12. AGC Inc.
- 8.3.13. Praxair, Inc.
- 8.3.14. OCI Materials Co., Ltd.
- 8.3.15. Nippon Sanso Corporation
- 8.3.1. Air Products and Chemicals, Inc.
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
