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The nitrogen trifluoride (NF3) industry is being aided by the increasing sales of consumer electronics. The growing electronics market, which requires gases for semiconductor, solar, display, and LED applications, is one of the major consumers of nitrogen trifluoride. The product is gaining prominence in the electronics industry, owing to its environment-friendly nature. The growing disposable incomes and increase in demand for smartphones, laptops, and LCD televisions, are expected to promote the use of nitrogen trifluoride (NF3), thus, aiding the market growth.
Some of the major players in the NF3 market include Linde PLC (NYSE: LIN) and Mitsui Chemicals, Inc. (TYO: 4183). The growing investments by the key players to enhance their product portfolio and meet the rising demand for nitrogen trifluoride (NF3) is further accelerating the industry growth. In June 2018, Linde announced that the company has significantly invested in products and business continuity planning (BCP) to fulfill the growing needs of sub-10nm advanced flat panel manufacturers and semiconductor factories, thus, increasing the capacity of fluorine/nitrogen mixtures and adding new precursors to its portfolio. Moreover, growing R&D activities are expected to open new opportunities for the industry growth. In March 2019, Mitsui Chemicals inaugurated the Design & Solution Center in Sanjo, Niigata Prefecture, which will offer a wide range of the Mitsui Chemicals Group’s product development capabilities under a single roof. Such developments are expected to aid the NF3 market growth over the forecast period.
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The major players in the global nitrogen trifluoride (NF3) market are Mitsui Chemicals, Inc., Feiyuan Group, SK Materials, Linde AG, and American Gas Products, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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