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Global Nitrogen Trifluoride (NF3) Market to Grow at a CAGR of 6.2% During 2021-2026, Aided by the Growing Sales of Consumer Electronics

Nitrogen Trifluoride (NF3) Market

Global Nitrogen Trifluoride (NF3) Market Share, Growth, Size, Forecast: By Grade: Electronic, Industrial; By Application: Semiconductor, Flat Panel Displays, Solar Cells, LED, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments; 2024-2032

Global Nitrogen Trifluoride (NF3) Market Outlook

Nitrogen trifluoride is widely utilised as an etchant and chamber cleaning agent over other compounds as it is stable and non-flammable in nature, which facilitates its easy transportation and handling, thus, supporting its industry growth. The global nitrogen trifluoride (NF3) market is expected to grow at a CAGR of 6.2% in the forecast period of 2024-2032.

 

Nitrogen Trifluoride (NF3) Market

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Expanding Semiconductors Industry Aiding the Nitrogen Trifluoride (NF3) Market

Based on application, semiconductor represents one of the leading segments in the market due to the growing demand from the electronics industry. Nitrogen trifluoride is being increasingly adopted as a greener alternative to clean silicon wafers present in semiconductor chips. This is boosting the sales volume of the product and contributing to the industry growth.

 

Region-wise, the Asia Pacific is a significant market for the product. The thriving consumer electronics market is augmenting the growth of the semiconductors industry in China and South Korea, which is driving the demand for nitrogen trifluoride in the region. Further, the growing flat panel displays industry, owing to the rise in the demand for LCDs, is also expected to aid the regional market growth, thus, aiding the overall industry.

 

Nitrogen Trifluoride (NF3) Market by Application

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Nitrogen Trifluoride (NF3): Market Segmentation

Nitrogen trifluoride (NF3), an inorganic compound, is a colourless gas with a characteristic musty odour. It is made of nitrogen and fluorine atoms and is non-flammable in nature. It acts as an oxidiser at increased temperatures. Owing to its stability at room temperature, it is easy and safe to handle. It is widely used in the electronics sector for cleaning applications as it provides several benefits over alternative cleaning agents, and also helps reduce greenhouse gas emissions.

 

Based on grade, the industry is divided into:

  • Electronic
  • Industrial

 

On the basis of application, the industry is segmented into:

  • Semiconductor
  • Flat Panel Displays
  • Solar Cells
  • LED
  • Others

 

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rising Environmental Concerns Fuelling the Nitrogen Trifluoride (NF3) Market Growth

The rising environmental concern among the consumers is pushing the growth of the industry forward. A variety of perfluorinated compounds used by electronics manufacturers to clean process chamber walls generate greenhouse gas emissions. As nitrogen trifluoride has lower emission rate, its use in cleaning processes can reduce equivalent greenhouse gas emissions by six or seven times, thus reducing global warming and protecting the earth's climate.

 

The market growth is higher in the developing regions owing to increased sales of laptops, mobile phones, digital cameras, and other consumer electronic devices. These products drive the demand for flat panel displays and semiconductors, and, in turn, aid the nitrogen trifluoride (NF3) industry. Owing to growing research and development activities, the product is expected witness an increased demand from new application sectors. This is projected to have a positive effect on the expansion of the industry.

 

Nitrogen Trifluoride (NF3) Market by Region

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Key Industry Players in the Global Nitrogen Trifluoride (NF3) Market

The report gives a detailed analysis of the following key players in the global nitrogen trifluoride (NF3) market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

 

  • Mitsui Chemicals, Inc.
  • Feiyuan Group
  • SK Materials
  • Linde AG
  • American Gas Products
  • Others

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Grade
  • Application
  • Region
Breakup by Grade
  • Electronic
  • Industrial
Breakup by Application
  • Semiconductor
  • Flat Panel Displays
  • Solar Cells
  • LED
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Mitsui Chemicals, Inc.
  • Feiyuan Group
  • SK Materials
  • Linde AG
  • American Gas Products
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Nitrogen Trifluoride (NF3) Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Nitrogen Trifluoride (NF3) Historical Market (2018-2023) 
    8.3    Global Nitrogen Trifluoride (NF3) Market Forecast (2024-2032)
    8.4    Global Nitrogen Trifluoride (NF3) Market by Grade
        8.4.1    Electronic
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Industrial
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Nitrogen Trifluoride (NF3) Market by Application 
        8.5.1    Semiconductor
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Flat Panel Displays
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Solar Cells
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    LED
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Others   
    8.6    Global Nitrogen Trifluoride (NF3) Market by Region
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023) 
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023) 
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023) 
            8.6.5.2    Forecast Trend (2024-2032)
9    North America Nitrogen  Trifluoride (NF3) Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Nitrogen  Trifluoride (NF3) Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Nitrogen Trifluoride (NF3) Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Nitrogen Trifluoride (NF3) Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Nitrogen Trifluoride (NF3) Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Price Analysis
    16.1    North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
    16.2    Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
    16.3    Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
    16.4    Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
    16.5    Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
17    Manufacturing Process
    17.1    Overview
    17.2    Detailed Process Flow
    17.3    Operation Involved
18    Competitive Landscape
    18.1    Market Structure
    18.2    Company Profiles
        18.2.1    Mitsui Chemicals, Inc.
            18.2.1.1    Company Overview
            18.2.1.2    Product Portfolio
            18.2.1.3    Demographic Reach and Achievements
            18.2.1.4    Certifications
        18.2.2    Feiyuan Group
            18.2.2.1    Company Overview
            18.2.2.2    Product Portfolio
            18.2.2.3    Demographic Reach and Achievements
            18.2.2.4    Certifications
        18.2.3    SK Materials
            18.2.3.1    Company Overview
            18.2.3.2    Product Portfolio
            18.2.3.3    Demographic Reach and Achievements
            18.2.3.4    Certifications
        18.2.4    Linde AG
            18.2.4.1    Company Overview
            18.2.4.2    Product Portfolio
            18.2.4.3    Demographic Reach and Achievements
            18.2.4.4    Certifications
        18.2.5    American Gas Products
            18.2.5.1    Company Overview
            18.2.5.2    Product Portfolio
            18.2.5.3    Demographic Reach and Achievements
            18.2.5.4    Certifications
        18.3.6    Others
19    Key Trends and Developments in the Market


Additional Customisations Available

1    Project Requirement and Cost Analysis
    1.1    Land, Location, and Site Development
    1.2    Construction
    1.3    Plant Machinery
    1.4    Cost of Raw Material
    1.5    Packaging
    1.6    Transportation
    1.7    Utilities
    1.8    Manpower
    1.9    Other Capital Investment


List of Key Figures and Tables

1.    Global Nitrogen Trifluoride (NF3) Market: Key Industry Highlights, 2018 and 2032
2.    Global Nitrogen Trifluoride (NF3) Historical Market: Breakup by Grade (USD Million), 2018-2023
3.    Global Nitrogen Trifluoride (NF3) Market Forecast: Breakup by Grade (USD Million), 2024-2032
4.    Global Nitrogen Trifluoride (NF3) Historical Market: Breakup by Application (USD Million), 2018-2023
5.    Global Nitrogen Trifluoride (NF3) Market Forecast: Breakup by Application (USD Million), 2024-2032
6.    Global Nitrogen Trifluoride (NF3) Historical Market: Breakup by Region (USD Million), 2018-2023
7.    Global Nitrogen Trifluoride (NF3) Market Forecast: Breakup by Region (USD Million), 2024-2032
8.    North America Nitrogen Trifluoride (NF3) Historical Market: Breakup by Country (USD Million), 2018-2023
9.    North America Nitrogen Trifluoride (NF3) Market Forecast: Breakup by Country (USD Million), 2024-2032
10.    Europe Nitrogen Trifluoride (NF3) Historical Market: Breakup by Country (USD Million), 2018-2023
11.    Europe Nitrogen Trifluoride (NF3) Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Asia Pacific Nitrogen Trifluoride (NF3) Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Asia Pacific Nitrogen Trifluoride (NF3) Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Latin America Nitrogen Trifluoride (NF3) Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Latin America Nitrogen Trifluoride (NF3) Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Middle East and Africa Nitrogen Trifluoride (NF3) Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Middle East and Africa Nitrogen Trifluoride (NF3) Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    North America Historical Price Trends and Forecast 2018-2028
19.    Europe Historical Price Trends and Forecast 2018-2028
20.    Asia Pacific Historical Price Trends and Forecast 2018-2028
21.    Latin America Historical Price Trends and Forecast 2018-2028
22.    Middle East and Africa Historical Price Trends and Forecast 2018-2028
23.    Global Nitrogen Trifluoride (NF3) Market Structure

Key Questions Answered in the Report

What is the growth rate of the global nitrogen trifluoride (NF3) market?

The market is projected to grow at a CAGR of 6.2% between 2024 and 2032.

What are the major market drivers?

The major market drivers include the growing demand for nitrogen trifluoride (NF3) in the electronics sector, the surging use of nitrogen trifluoride (NF3) to clean silicon wafers in semiconductor chips, and the robust growth of the flat panel displays sector.

What are the key trends of the global nitrogen trifluoride (NF3) market?

The growing environmental consciousness, the surging sales of consumer electronics in both developing and developed countries, and the increasing research and development (R&D) activities in diverse end-use sectors are the key trends propelling the market growth.

What are the major regional markets of nitrogen trifluoride (NF3), according to the EMR report?

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the leading grades of nitrogen trifluoride (NF3) in the market?

The leading grades of the product in the market are electronic and industrial.

What are the various applications of nitrogen trifluoride (NF3)?

Semiconductor, flat panel displays, solar cells, and LED, among others, are the various applications of nitrogen trifluoride (NF3).

Who are the key market players, according to the report?

The major players in the market are Mitsui Chemicals, Inc., Feiyuan Group, SK Materials, Linde AG, and American Gas Products, among others.

Analyst Review

The global nitrogen trifluoride (NF3) market is being driven by the rising from consumer electronics. Aided by the growing eco-consciousness, the market is expected to witness a moderate growth in the forecast period of 2024-2032, growing at a CAGR of 6.2%.

 

EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of grades, the market can be segmented into electronic and industrial. Based on applications, the industry is divided into semiconductor, flat panel displays, solar cells, and LED, among others. The major regional markets for nitrogen trifluoride (NF3) are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Mitsui Chemicals, Inc., Feiyuan Group, SK Materials, Linde AG, and American Gas Products, among others.

 

EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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