PUBLISHER: The Business Research Company | PRODUCT CODE: 1436670
PUBLISHER: The Business Research Company | PRODUCT CODE: 1436670
Semiconductor gases constitute a category of gases used in the semiconductor manufacturing process, playing roles in depositing, etching, and cleaning various materials throughout semiconductor production.
The primary types of semiconductor gases include bulk gases and electronic special gases. Bulk gases find applications in various industrial operations, including hot water and steam generation, heat treatment, drying, soldering, welding, and cutting, used in semiconductor manufacturing processes such as chamber cleaning, oxidation, deposition, etching, doping, and more for components, printed circuit boards (PCBs), displays, solar (PV), light-emitting diode (LED), and others.
The semiconductor gases market research report is one of a series of new reports from The Business Research Company that provides semiconductor gases optical components market statistics, including semiconductor gases optical components industry global market size, regional shares, competitors with a semiconductor gases optical components market share, detailed semiconductor gases optical components market segments, market trends and opportunities, and any further data you may need to thrive in the semiconductor gases optical components industry. This semiconductor gases optical components market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The semiconductor gases market size has grown strongly in recent years. It will grow from $9.08 billion in 2023 to $9.73 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The expansion during the historical period can be attributed to the growth of the semiconductor industry, the miniaturization of electronic devices, global trends in electronics manufacturing, clean room environments, and research and development initiatives.
The semiconductor gases market size is expected to see strong growth in the next few years. It will grow to $12.63 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The anticipated growth in the forecast period can be attributed to the expansion of the Internet of Things (IoT), the growth of the electric vehicle market, the emphasis on supply chain resilience, green semiconductor manufacturing, and the integration of Artificial Intelligence (AI). Significant trends expected in the forecast period involve a shift towards 3D NAND technology, the emergence of 5G technology, rapid technological evolution, advancements in semiconductor technology, and the transition to 450mm wafers.
The semiconductor gas market is experiencing growth driven by the rising demand for semiconductors. Semiconductor gases play a crucial role in various semiconductor manufacturing processes. The Semiconductor Industry Association reported global semiconductor sector sales reaching $574.1 billion in 2022, a 3.3% increase over the previous year. The increasing demand for semiconductors is a key factor propelling the growth of the semiconductor gas market.
The semiconductor gas market is poised for growth due to the rising demand for consumer electronics. Consumer electronics, including smartphones and mobile connections, contribute to the demand for semiconductor gases in manufacturing processes. Uswitch Limited reported a 3.8% increase in mobile connections in the UK in 2022. The growing demand for consumer electronics is a key factor driving the growth of the semiconductor gas market.
In the semiconductor gas market, companies are engaging in research and development activities to develop advanced products. Merck & Co., Inc., partnered with Micron Technology Inc. to provide low global warming potential (GWP) gas solutions for semiconductor manufacturing, addressing environmental concerns.
The key companies in the semiconductor gases market are directing their focus on investment and strategic collaboration to provide services to customers. In May 2022, Air Products, a US-based chemical industry company, invested approximately $400 million to bring two new air separation units online for a semiconductor manufacturer in Asia. This investment aims to supply ultra-purity nitrogen, oxygen, argon, and hydrogen to support the customer's wafer fab expansion, emphasizing the importance of strategic collaborations in meeting the growing demands of the semiconductor industry.
In December 2022, Solvay S.A., a Belgium-based multinational chemical company, formed a partnership with Electronic Fluorocarbons (EFC), a US-based supplier of rare gases, fluorocarbons, and specialty gases. Through this partnership, EFC will promote, offer local storage, and sell Solvay's cleaning gas products, including Solvaclean, a fluorine gas mixture designed to be environmentally friendly for cleaning semiconductor manufacturing equipment.
Major companies operating in the semiconductor gases market report are Air Water Inc., Air Liquide Ltd., Solvay SA, Air Products and Chemicals Inc., American Gas Product, Showa Denko K.K., Taiyo Nippon Sanso Corporation, Iwatani Corporation, Toho Gas Co. Ltd., Tokuyama Corporation, Westfalen AG, Hyosung TNC Corporation, Messer Group GMBH, Nippon Gases Co. Ltd., Ichor Systems Inc., Ube Industries Ltd., Sapura Specialty Gas, Osaka Soda Co. Ltd., Matheson Tri-Gas Inc., Guangdong Huate Gas Co. Ltd., REC Silicon ASA, Praxair Technology Inc., Indiana Oxygen Inc., Advanced Specialty Gases Inc., MG Chemicals, Yingde Gases, Tokyo Oxygen Co. Ltd., Daiso Co. Ltd., Tokai Denko Co. Ltd.
Asia-Pacific was the largest region in the semiconductor gases market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global semiconductor gas market report during the forecast period. The regions covered in the semiconductor gases market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the semiconductor gases market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The semiconductor gases market consists of sales of semiconductor gases such as ammonia, argon, and allene. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Semiconductor Gases Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on semiconductor gases market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for semiconductor gases ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The semiconductor gases market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.