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Global Nitrogen Trifluoride (NF3) Market: By Grade: Electronic, Industrial; By Application: Semiconductor, Flat Panel Displays, Solar Cells, LED; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Value Chain Analysis; Manufacturing Process; Competitive Landscape; Industry Events and Developments
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 2021-2026.
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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.
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Nitrogen Trifluoride (NF3): Industry Definition and 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.
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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.
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 industry based on the Porter's five forces model along with giving a SWOT analysis.
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 Industry Opportunities and Challenges
8 Global Nitrogen Trifluoride (NF3) Market Analysis
8.1 Key Industry Highlights
8.2 Global Nitrogen Trifluoride (NF3) Historical Market (2016-2020)
8.3 Global Nitrogen Trifluoride (NF3) Market Forecast (2021-2026)
8.4 Global Nitrogen Trifluoride (NF3) Market by Grade
8.4.1 Electronic
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Industrial
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.5 Global Nitrogen Trifluoride (NF3) Market by Application
8.5.1 Semiconductor
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 Flat Panel Displays
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.5.3 Solar Cells
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2016-2020)
8.5.3.3 Forecast Trend (2021-2026)
8.5.4 LED
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2016-2020)
8.5.4.3 Forecast Trend (2021-2026)
8.5.5 Others
8.6 Global Nitrogen Trifluoride (NF3) Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
12.2 Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
12.3 Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
12.4 Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
12.5 Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
13 Manufacturing Process
13.1 Overview
13.2 Detailed Process Flow
13.3 Operations Involved
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Company Profiles
14.3.1 Mitsui Chemicals, Inc.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Demographic Reach and Achievements
14.3.1.4 Certifications
14.3.2 Feiyuan Group
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Demographic Reach and Achievements
14.3.2.4 Certifications
14.3.3 SK Materials
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Demographic Reach and Achievements
14.3.3.4 Certifications
14.3.4 Linde AG
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Demographic Reach and Achievements
14.3.4.4 Certifications
14.3.5 American Gas Products
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Demographic Reach and Achievements
14.3.5.4 Certifications
14.3.6 Others
15 Industry Events and Developments
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 Figures and Tables
1. Global Nitrogen Trifluoride (NF3) Market: Key Industry Highlights, 2016 and 2026
2. Global Nitrogen Trifluoride (NF3) Historical Market: Breakup by Grade (USD Million), 2016-2020
3. Global Nitrogen Trifluoride (NF3) Market Forecast: Breakup by Grade (USD Million), 2021-2026
4. Global Nitrogen Trifluoride (NF3) Historical Market: Breakup by Application (USD Million), 2016-2020
5. Global Nitrogen Trifluoride (NF3) Market Forecast: Breakup by Application (USD Million), 2021-2026
6. Global Nitrogen Trifluoride (NF3) Historical Market: Breakup by Region (USD Million), 2016-2020
7. Global Nitrogen Trifluoride (NF3) Market Forecast: Breakup by Region (USD Million), 2021-2026
8. North America Nitrogen Trifluoride (NF3) Historical Market: Breakup by Country (USD Million), 2016-2020
9. North America Nitrogen Trifluoride (NF3) Market Forecast: Breakup by Country (USD Million), 2021-2026
10. Europe Nitrogen Trifluoride (NF3) Historical Market: Breakup by Country (USD Million), 2016-2020
11. Europe Nitrogen Trifluoride (NF3) Market Forecast: Breakup by Country (USD Million), 2021-2026
12. Asia Pacific Nitrogen Trifluoride (NF3) Historical Market: Breakup by Country (USD Million), 2016-2020
13. Asia Pacific Nitrogen Trifluoride (NF3) Market Forecast: Breakup by Country (USD Million), 2021-2026
14. Latin America Nitrogen Trifluoride (NF3) Historical Market: Breakup by Country (USD Million), 2016-2020
15. Latin America Nitrogen Trifluoride (NF3) Market Forecast: Breakup by Country (USD Million), 2021-2026
16. Middle East and Africa Nitrogen Trifluoride (NF3) Historical Market: Breakup by Country (USD Million), 2016-2020
17. Middle East and Africa Nitrogen Trifluoride (NF3) Market Forecast: Breakup by Country (USD Million), 2021-2026
18. North America Historical Price Trends and Forecast 2016-2026
19. Europe Historical Price Trends and Forecast 2016-2026
20. Asia Pacific Historical Price Trends and Forecast 2016-2026
21. Latin America Historical Price Trends and Forecast 2016-2026
22. Middle East and Africa Historical Price Trends and Forecast 2016-2026
23. Global Nitrogen Trifluoride (NF3) Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 6.2% between 2021 and 2026.
The major drivers of the industry, such as rising disposable incomes, growing manufacturing sector, rising demand for consumer electronics, and rising demand from the application sectors, are expected to aid the market growth.
The key trend guiding the growth of the market includes the rising environmental consciousness, leading to the replacement of silicon wafers in semiconductor chips with nitrogen trifluoride (NF3).
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading grades of the product in the industry are electronic and industrial.
The major application segments in the market are semiconductor, flat panel displays, solar cells, and LED, among others.
The major players in the industry 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 2021-2026, 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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