Semiconductor Gases Market Forecasts to 2028 - Global Analysis By Product (Electronic Bulk Gas, Electronic Special Gas and Other Products), Application (Logic, Memory and Other Applications) and By Geography

According to Stratistics MRC, the Global Semiconductor Gases Market is accounted for $9.53 billion in 2022 and is expected to reach $16.44 billion by 2028 growing at a CAGR of 9.51% during the forecast period. Semiconductor gases are gases which are used to manufacture semiconductors. It is a material having property in between an insulator and most metals. The high-quality semiconductor gases are often used in electronic semiconductor manufacturing in order to maintain operations in a clean and efficiently manner. Nitrogen and Helium are the most used gases. Solar photovoltaic devices, micro-electromechanical systems and electronic products are creating a lucrative opportunity for semiconductor gases.

According to the Electronics and IT Ministry of India, semiconductor demand in India would increase to $70-$80 billion by 2026 with the growing demand for digital devices and electronic products. India's $10 billion chip-making initiative for the development of a semiconductor and display manufacturing ecosystem in the country is attracting more investors.

Market Dynamics:

Driver:

Increasing consumer electronics

Consumer electronics such as smart phones, tablets and wearable electronics are now significantly more accessible to the general public because to the recent rapid advancements in technology. A larger acceptance of these consumer electronics is increasing the demand of the semiconductors. Adoption of smart interconnected household electronics that have integrated advanced technologies such as machine learning and AI are benefiting semiconductors gases and fuelling the market growth.

Restraint:

Strict regulations

Gases used in the fabrication of semiconductors are the worst polluting materials and hazardous to individuals and the environment. Government across the globe are enforcing stringent standards to limit hazardous greenhouse gases emitted during semiconductor production owing to rising concerns for environmental and public health. These new standards affect the company's profit. Adoption of stricter health and environmental regulations is hindering the market growth.

Opportunity:

Rising demand for electric vehicles

The semiconductors have become a prevalent part of modern life and are at the centre of any technology that enables today's electronic devices. The number of electronic components such as sensors, touch screens, processors and micro controllers in electric vehicles is generally high compared to conventional IC powered vehicles. These factors provide an exponential boost to semiconductor manufacturing market.

Threat:

Rising environmental concerns

Fluorinated gases are widely used during manufacturing steps such as chemical vapour deposition and chamber cleaning. The hazards associated with these type of gases can cause fire explosion and contamination. It imposes threat on workers health. It can cause accidental damage to the workplace. This translates to the additional costs to treat gas emissions which hamper the growth of the market.

COVID-19 Impact

The lockdown limitations implemented by numerous nations throughout the world disrupted the semiconductor industry's supply chain. Lack of raw materials has led to delays in logistics and other unnoticed problems. Despite the pandemic, there was still a significant demand for semiconductors. Because the supply side could not keep up with the rising demand, there were shortages of semiconductor chips.

The electronic special gas segment is expected to be the largest during the forecast period

The electronic special gas segment is estimated to have a lucrative growth, due to the special electronic gases such as nitrogen fluoride that are exclusively produced for the electronic devices. As the semiconductor manufacturing company encourages in producing advanced leading edge semiconductor, demand for gases and chemicals are expanding rapidly. Thus growing demand for high density advanced semiconductor chips are creating demand for electronic special gases.

The logic segment is expected to have the highest CAGR during the forecast period

The logic segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its usage in the manufacturing of high computation devices. These devices include CPUs, GPUs and NPUs. With the advancements in new technologies that need high computing ability to process machine learning algorithms, the demand for logic chips is witnessing lucrative growth.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to rapid urbanization and increase in digitalization. The emerging countries in this region are expanding semiconductor manufacturing sector drastically. This region is investing heavily to expand its current production capacity. The rising relevance of semiconductor industries in this region are playing critical role in geopolitics and raising the demand of the market.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to new investments and conducive environment for new talents. This region is home to the most R&D intensive semiconductor sector. It mostly focused on domestic production and aiming to increase its share in global semiconductor production. Raising construction of infrastructure and government initiatives are anticipated to create new opportunities for the market.

Key players in the market

Some of the key players profiled in the Semiconductor Gases Market include Air Products and Chemicals Inc, Air Liquide, Iwatani Corporation, Linde plc, Electronic Fluorocarbons, LLC, Porvair Filtration Group, Donaldson Company, Pall Corporation, Ewald Associates, Messer Group, Solvay, Mott Corporation, Valin Corporation, Nippon Seisen Co, Parker Hannifin Corporation, Mycropore Corporation, SUMITOMO SEIKA CHEMICALS CO., LTD, American Gas Products, SHOWA DENKO K.K, Taiyo Nippon Sanso JFP Corporation

Key Developments:

In August 2022, Air Products and The AES Corporation announced plans to invest approximately $4 billion to build own and operate a green hydrogen production facility in Wilbarger County, Texas. The company has agreed to supply high purity gases such as nitrogen, oxygen, argon and hydrogen to an undisclosed semiconductor manufacturer in Taiwan.

In July 2022, Iwatani Corporation has signed a deal with Helious Speciality Gases, an Indian speciality gas company. This will make Helious the first company to have three helium transfill facilities in India. The company also plans to be a leading supplier of helium within the country, catering major OEM's.

Products Covered:

• Electronic Bulk Gas
• Electronic Special Gas
• Other Products

Applications Covered:

• Logic
• Memory
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances