Nitrogen Trifluoride (NF3) Market Size, Share & Industry Analysis, By Grade (Electronic, Industrial) By Application (Semiconductor Chips, Solar Cells, Flat Panel Displays) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI105324 | Status : Ongoing

KEY INDUSTRY INSIGHTS

Nitrogen trifluoride (NF₃) is an inorganic, colorless, non-flammabe but toxic gas with musty odor. It is a particularly strong greenhouse gas. It is slightly soluble in water when not undergoing any reaction. It is employed majorly in removing silicon and silicon compounds during the production of semiconductor devices like microelectronics, thin film solar cells, LCD displays and others. It is also used in hydrogen fluoride and deuterium fluoride chemical lasers. CVD chambers cleaning and solar cell plasma etching is carried out by using NF₃

Increasing demand for consumer electronics is prime factor driving the market. Semiconductors are intrinsic component of modern electronics used by various end use sectors like transportation, healthcare, communication, defense, computing and others. additionally, increasing adoption of advanced technologies like Artificial Intelligence (AI), Virtual Reality (VR), Flat panel displays, and Internet of Things (IoT) shall in turn increase demand for nitrogen trifluoride further significantly boosting to the market.

However, there are certain environmental concerns regarding the use of NF₃ as it has 17200 times greater GWP than of CO₂and atmospheric lifetime of 740 years. This is expected to act as limiting factor for market growth.

Key Market Driver -

Growing demand for consumer electronics.

Key Market Restraint -

Environmental concerns regarding the greenhouse effect.

Market Segmentation:

Based on grade, market is segmented into electronic and industrial. Based on application, market is segmented into semiconductor chips, solar cells, flat panel displays, and others.

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:

The global Nitrogen Trifluoride market consists of global & regional players operating. Some of the key players in the market include Mitsui Chemicals, Inc., Praxair Technology, Inc., Linde, Air Products and Chemicals, Inc., SK materials Co., Anderson Development Ltd, Central Glass Co., Ltd, Matheson Tri-Gas, Inc, Kanto Denka Kogyo Co., Ltd, and American Gas Products, and others.

Key Insights

New Advancements in Production Technologies

Key Trends in the Nitrogen Trifluoride Market

New Product Launches, Expansions, Key Players

Ranking of Key Players in the Market

Regional Analysis:

The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2018 and is expected to continue its dominance in forecast period. Presence of large manufacturing base for electronics in countries like China, Indi, Taiwan, japan, and South Korea shall significantly drive the regional market. North America is expected to hold significant share attributed to the high demand from industrial sector. Europe is anticipated to show significant rise in demand for consumer electronics. Latin America and Middle East & Africa shall exhibit sluggish growth by the end of forecast period.

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Segmentation

ATTRIBUTE	DETAILS
By Grade	Electronic Industrial
By Application	Semiconductor Chips Solar Cells Flat Panel Displays
By Geography	North America (U.S., and Canada) Europe (Germany, UK, France, Italy, and Rest of Europe) Asia Pacific (China, India, Japan, and Rest of Asia Pacific) Latin America (Mexico, Brazil, and Rest of Latin America) Middle East & Africa (UAE, South Africa, and Rest of Middle East & Africa)

Nitrogen Trifluoride Industry Developments

In April 2021, SK Materials diversified its semiconductor material business. SK materials succeeded in producing NF₃ for the first time in Korea.

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Nitrogen Trifluoride (NF3) Market Report

PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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