Asia Pacific to Dominate Nitrogen Trifluoride Market due to Growing Electronics and Semiconductor Industry
The Nitrogen Trifluoride Market Insights is examined in great detail in Market Research Future’s (MRFR) latest research report. The Nitrogen Trifluoride Market Insights historical trajectory is examined in detail in the report in order to provide pointers on the market’s likely growth trajectory over the forecast period from 2022 to 2030.
Nitrogen trifluoride is an inorganic chemical widely used in the semiconductor industry as an etchant and cleaner. Properties such as higher etch rates, carbon-free etching, and minimal residue contamination have driven the usage of nitrogen trifluoride in etching applications in the semiconductor industry. The growing scope of the semiconductor industry in the 21st century has been a major driver for the Nitrogen Trifluoride Market Insights. Nitrogen trifluoride is widely used to clean the manufacturing chambers of silicon chips and wafers, which have become a vital product in the 21st century due to the growing demand for computing equipment. Silicon chips and wafers are vital in running computing operations such as the Internet of Things and artificial intelligence. These technologies have become a cornerstone of the modern technological landscape and are likely to undergo rapid development in the coming years due to the growing demand in various end use sectors. This is likely to drive the demand from the nitrogen trifluoride in the coming years.
Nitrogen trifluoride is also used for cleaning chemical vapor deposition chambers used in the manufacturing of flat panel displays, as well as being used as a plasma etchant in the production of solar panels. Flat panel displays have become the new norm in the global electronics industry, with consumers preferring the advanced technology due to the benefits it provides. This has driven the demand for nitrogen trifluoride and is likely to remain a key driver for the market over the coming years. The growing demand for solar panels, due to growing government investment in solar energy, is also likely to remain a major driver for the Nitrogen Trifluoride Market Insights over the forecast period.
On the other hand, the high global warming potential (GWP) of nitrogen trifluoride is likely to deter its usage in developed countries in Europe and North America. The Kyoto protocol, a highly influential international agreement related to climate change, recognizes nitrogen trifluoride as a highly dangerous gas in terms of its global warming potential, as it has the second highest GWP rating of any gas. This has led to producers attempting to develop storage systems for emitted nitrogen trifluoride instead of letting it escape into the atmosphere. This is likely to restrict the demand from the Nitrogen Trifluoride Market Insights in the coming years.
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Leading players in the Nitrogen Trifluoride Market Insights include American Gas Products, Matheson Tri-Gas Inc., Kanto Denka Kogyo Co. Ltd., Central Glass Co. Ltd., SK Materials Co. Ltd., Anderson Development, Praxair Technology Inc., Air Products and Chemicals Inc., Linde, and Mitsui Chemicals Inc.
The Nitrogen Trifluoride Market Insights is segmented on the basis of packaging type, application, and region.
By packaging, the Nitrogen Trifluoride Market Insights is segmented into ton cylinders, ISO containers, bundles, and 47L cylinders.
By application, the Nitrogen Trifluoride Market is segmented into semiconductor chips and wafers, flat panel displays, and solar cells. The semiconductor chip segment is likely to hold the dominant share in the Nitrogen Trifluoride Market Insights over the forecast period. The other two application segments of the Nitrogen Trifluoride Market Insights are also expected to exhibit steady growth due to the growing demand, especially in Asia Pacific.
Asia Pacific is the largest regional market for Nitrogen Trifluoride fertilizers and is likely to retain the position over the forecast period due to the growing electronics industry in the region. The growing demand for semiconductor chips and wafers in Asia Pacific is likely to be the major driver for the Nitrogen Trifluoride Market over the forecast period. In comparison to Western countries, the implementation of the Kyoto protocol is less stringent in Asia Pacific, where legacy methods are still widely used in a number of industries. This is likely to drive the demand from the Nitrogen Trifluoride Market.
North America and Europe are also expected to remain major regional markets for nitrogen trifluoride, although the growing implementation of the Kyoto Protocol in these regions is likely to restrict the demand from the Nitrogen Trifluoride Market in the coming years.
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