Chlorine Trifluoride Market: Semiconductor Manufacturing Segment Led And Accounted For A Revenue Share

 Chlorine Trifluoride Industry Overview

The global chlorine trifluoride market size is expected to reach USD 62.98 million by 2028 registering a CAGR of 4.2% over the forecast period, according to a new report by Grand View Research, Inc. The demand for the product is expected to be driven by the rapidly growing semiconductor industry. The industry dynamics of chlorine trifluoride (CIF3) are largely influenced by application markets, such as nuclear fuel processing and semiconductor production. Rapid digitalization and automated industrial manufacturing solutions have led to high penetration of electronic gadgets and components on a global scale, which requires various chemicals for constant maintenance and cleaning purposes. In the semiconductor industry, CIF3 is extensively utilized to clean chambers of chemical vapor deposition.

 

The major advantage is that the process of cleaning can be carried out without dismantling the chamber walls as ClF3 doesn’t require activation by plasma. The substance also finds application as a fluorinating agent in nuclear reactor fuel processing. Germany's ClF3 gas market is majorly driven by a high concentration of major semiconductor manufacturers across the country. The country is the largest producer of electronics products globally and is one of the largest exporters of semiconductor equipment. Production of industrial electronics accounted for about 50% of the total Europe CIF3 market share in 2020, which indicates noteworthy growth prospects for ClF3. Increasing demand for the gas, which results in a substantial decrease in emissions, longer chamber lifespan, and quicker cleaning rates, is expected to boost the market growth over the forecast period.


Chlorine Trifluoride Market Segmentation

Grand View Research has segmented the global chlorine trifluoride market on the basis of application and region:

Based on the Application Insights, the market is segmented into Semiconductor Manufacturing, Nuclear Fuel Processing, Rocket Propellant Systems, and Others.

  • The semiconductor manufacturing segment led the global chlorine trifluoride market in 2020 and accounted for a revenue share of over 39%. The segment is estimated to register the fastest CAGR from 2021 to 2028 due to high product demand in this application as it helps in eliminating solid deposits from the chamber wall without disassembling the chambers.

  • Consumer electronics utilize semiconductor devices for communication, transportation, computing, defense, healthcare, clean energy, and emerging technologies, such as flat panel displays, leading to an increase in product demand across various market segments.

 

  • Continuous innovations and technological advancement in the aerospace sector are projected to facilitate the development of rocket propellant fuel applications across various regions, which, in turn, is likely to boost the product demand. 

 

CIF3 Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

 

Key Companies Profile & Market Share Insights

Partnerships and collaborations between existing industry participants are expected to have a significant impact on the future competitive scenario. For instance, in October 2020, Air Products formed a joint venture with ACWA Power to expand its production capacities by acquiring ACWA Power’s gasification, power, and industrial gas assets.

The market is highly concentrated in the Asia Pacific and Europe owing to the presence of numerous manufacturers in these regions. For instance, in July 2021, Linde started up an air separation unit and a new nitrogen generator in Taiwan to cater to the rising demand from its end users in the electronics sector. Some of the prominent players in the global chlorine trifluoride market include:

  • Central Glass
  • Air Products and Chemicals, Inc.
  • Air Liquide
  • Advance Research Chemicals, Inc.
  • Kanto Denka Kogyo Co. Ltd.
  • Taiyo Nippon Sanso Corporation

 

Order a free sample PDF of the Chlorine Trifluoride Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

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