Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Nitrogen Trifluoride And Fluorine Gas Market Size is Expected to Grow from USD 1.49 Billion in 2023 to USD 3.39 Billion by 2033, at a CAGR of 8.57% during the forecast period 2023-2033.
Browse 210 Market Data Tables and 45 Figures Spread Through 190 Pages and In-Depth TOC On the Global Nitrogen Trifluoride And Fluorine Gas Market Size, Share, and COVID-19 Impact Analysis, By Nitrogen Trifluoride (NF3) Application (Semiconductor Chips, Flat Panel Display, Solar Cells, Others), By Fluorine Gas (F2) Application (Uranium Enrichment, Sulfur Hexafluoride, Electronic Cleaning, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.
Nitrogen trifluoride (NF3) and fluorine gas (F2) are industrial chemicals. Nitrogen trifluoride is mostly applied in the electronics sector for etching and cleaning silicon wafers during the manufacture of semiconductors, solar panels, and flat panel displays. It is also employed in the production of specialty chemicals and as a rocket fuel. Fluorine gas (F2) is a toxic and reactive gas employed in the manufacture of uranium hexafluoride (UF6) for nuclear fuel, in the preparation of other fluorine-based chemicals, and as a semiconductor cleaning agent. NF3 and F2 are vital components in contemporary industrial processes, especially in the chemical and electronics industries. Furthermore, the solar power industry is growing rapidly as governments and industries globally transition towards clean energy sources. NF3 is a key element used in the manufacturing of solar panels, that is, cleaning and etching processes of silicon wafers. As the installation of solar energy systems is increasingly adopted, demand for NF3 will substantially rise. However, the manufacturing and usage of nitrogen trifluoride (NF3) and fluorine gas (F2) are under strict health and safety controls owing to their toxic properties. Manufacturers have to apply severe safety controls to handling, storage, and disposal, which increase operating costs.
The semiconductor chips segment held the largest share in 2023 and is estimated to grow at a significant CAGR during the projected period.
Based on its nitrogen trifluoride (NF3) application, the global nitrogen trifluoride and fluorine gas market is divided into semiconductor chips, flat panel display, solar cells, and others. Among these, the semiconductor chips segment held the largest share in 2023 and is estimated to grow at a significant CAGR during the projected period. Nitrogen trifluoride is mainly employed in the production of solar cells, flat panel displays, and semiconductor chips. Furthermore, PECVD (Plasma Enhanced Chemical Vapor Deposition) chambers are cleaned using it. Many kinds of flat panel displays have been produced using these PECVD chambers.
The sulfur hexafluoride segment held the largest share in 2023 and is estimated to grow at a significant CAGR during the forecast period.
Based on the fluorine gas (F2) application, the global nitrogen trifluoride and fluorine gas market is divided into uranium enrichment, sulfur hexafluoride, electronic cleaning, and others. Among these, the sulfur hexafluoride segment held the largest share in 2023 and is estimated to grow at a significant CAGR during the forecast period. The chief application of sulfur hexafluoride, or SF6, is as a dielectric medium in electronic applications.
Asia Pacific is anticipated to hold the highest share of the global nitrogen trifluoride and fluorine gas market over the projected period.
Asia Pacific is anticipated to hold the highest share of the global nitrogen trifluoride and fluorine gas market over the projected period. The primary applications of NF3 and F2 gas in the Asia Pacific are as dielectric media and semiconductor manufacturing of chips, respectively. The NF3 market is anticipated to be driven by the expansion of semiconductor manufacturing in China, Japan, and South Korea. The rise in flat panel display production in developing nations like China is predicted to raise the demand for F2 gas.
North America is estimated to grow at the fastest CAGR of the global nitrogen trifluoride and fluorine gas market during the forecast period. Some of the key factors affecting the NF3 demand in North America include the rapid growth of electronics manufacturing, the use of renewable energy technologies like solar cells, the growing need for data centers, and the phase-out of the use of sulfur hexafluoride (SF6), a powerful greenhouse gas.
Company Profiling
Major vendors in the global nitrogen trifluoride and fluorine gas market are Mitsui Chemicals Inc., American Gas Group, Central Glass Co. Ltd, Formosa Plastics Corporation, Kanto Denka Kogyo Co. Ltd, SK Materials, Foosung Co. Ltd, HYOSUNG, Linde plc, Navin Fluorine International Limited, and OCI COMPANY Ltd., and others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global nitrogen trifluoride and fluorine gas market based on the below-mentioned segments:
Global Nitrogen Trifluoride And Fluorine Gas Market, By Nitrogen Trifluoride (Nf3) Application
Global Nitrogen Trifluoride And Fluorine Gas Market, By Fluorine Gas (F2) Application
Global Nitrogen Trifluoride And Fluorine Gas Market, By Regional
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