Nitrogen Trifluoride and Fluorine Gas Market Booms with Expansion of OLED Display Technologies

The global nitrogen trifluoride and fluorine gas market is expected to reach USD 2.49 billion respectively by 2030, registering a CAGR of 8.7% from 2023 to 2030 according to a new study by Grand View Research, Inc. Growing demand for LCD televisions, owing to their low power consumption, is expected to drive NF3 demand in silicon wafer cleaning applications. F2 demand for uranium enrichment is expected to surge in line with uranium production as a result of growth in nuclear power production.

Semiconductor chips were the largest application segment for NF3 with a demand of 6.9 kilo tons in 2013 owing to growth in the semiconductor industry in Asia Pacific. F2 was widely used in uranium enrichment making it the largest application segment in 2013 accounting for the demand of 26.5 kilo tons. Fluorine is used in the form of UF6 in order to impart fissionable properties to uranium isotopes.

Nitrogen Trifluoride And Fluorine Gas Market Report Highlights

  • The semiconductor chips segment accounted for the largest revenue share of 57.5% in 2022.NF3 is majorly used in the manufacturing of semiconductor chips, flat panel displays, and solar cells, whereas, F2 is used in uranium enrichment, sulfur hexafluoride, and in electronic cleaning.
  • The sulfur hexafluoride segment accounted for the largest revenue share of 36.5% in 2022. Sulfur hexafluoride also known as SF6 is majorly used in electronic applications as a dielectric medium.
  • Asia Pacific dominated the market and accounted for the largest revenue share of 67.8% in 2022. In Asia Pacific the NF3 and F2 gas are majorly used to manufacture semiconductor chips and as a dielectric medium respectively.

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Regional Insights

Asia Pacific dominated the market and accounted for the largest revenue share of 67.8% in 2022. In Asia Pacific the NF3 and F2 gas are majorly used to manufacture semiconductor chips and as a dielectric medium respectively. The growth of the semiconductor industry in South Korea, China, and Japan is expected to drive the NF3 market. F2 gas demand is expected to increase due to the increase in production of flat panel displays in emerging markets such as China. According to the report published by the Semiconductor Industry Association (SIA) in 2022, semiconductor chip sales from Chinese companies were on the rise.

North America is expected to grow at the fastest CAGR of 11.3% over the forecast period. Growth in electronics manufacturing, renewable energy technologies such as solar cells, growing demand for data centers, and phase out of the use of Sulphur hexafluoride (SF6), a potent greenhouse gas, are some of the important factors driving the NF3 demand in North America.

List Of Key Players in the Nitrogen Trifluoride And Fluorine Gas Market

  • 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
  • OCI COMPANY Ltd.

Gather more insights about the market drivers, restrains and growth of the Global Nitrogen Trifluoride And Fluorine Gas Market

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