The Nitrogen Trifluoride Market was valued US$ 1.64 Bn in 2022 and is expected to reach 2.77 Bn by 2029, at a CAGR of 7.75% during the forecast period.Nitrogen Trifluoride Market Definition:
Nitrogen trifluoride NF₃ is a colourless inorganic compound, non-flammable with a slightly musty odour. Increasing use as an etchant in microelectronics. Nitrogen trifluoride is an extremely strong greenhouse gas, slightly soluble in water. Nitrogen trifluoride is utilised in the making of other chemicals and as a component of rocket fuels. The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and disrupters in the report, and the same is reflected in our analysis.To know about the Research Methodology :- Request Free Sample Report
Nitrogen Trifluoride Market Dynamics:
Nitrogen Trifluoride has widerspread application in the manufacturing of semiconductors since, manufacturing processes use high GWP fluorinated compounds, nitrogen trifluoride (NF3) have widening utilisation promoting the development of significantly more complex and faster processing semiconductors, which will raise the demand of nitrogen trifluoride thus driving the growth of the market during the forecasted period. On the other hand, demand from other appliances such as smartphones, computers, medical diagnostic equipment, supercomputers, and consumer electronics products have a major application that contains various semiconductors that will show a major impact on the electronic special gas market. Another growing factor for the 〖NF〗_3 includes safety, reliability, highest quality, advantages of the relative ease of use at ambient conditions along with the ability to act as a fluorinating agent is widely accepted over other electronic special gases. Owing to its advantages such as high etch rates, carbon-free etching, high selectivity, and minimal residual contamination, has gained commercial acceptance in the electronics industry; the vendors are attracted to invest in the market and is expected to show a positive impact on global nitrogen trifluoride market. Additionally, 〖NF〗_3 is used as an intermediate in the production of specialized chemicals, fluorinating agents, and as a gas in the lamp which is predicted to impel the nitrogen trifluoride market. However, the presence of alternative substitutes in the market such as fluorine is expected to negatively influence the nitrogen trifluoride market growth.Nitrogen Trifluoride Market Segment analysis:
By the Application segment, the semiconductor chip sub-segment is expected to dominate the nitrogen trifluoride market during the forecast years. Available large supply chain and growth in electronics engineering will require a high amount of nitrogen trifluoride, which is expected to help the market growth. Another use of semiconductor chip is estimated to driven by increasing the use of 〖NF〗_3 as a greener alternative to clean silicon wafers. Nitrogen trifluoride is largely used to clean the manufacturing chamber of silicon chips in the semiconductor industry. Owing to their unique properties and commercially availability of nitrogen trifluoride that offer efficient and safe operations will simultaneously help vendors to expand their business globally. Owing to the increasing manufacturer demand, virtually, 45% of the market is acquired by the semiconductor chip segment.Nitrogen Trifluoride Market Regional Analysis:
Regionally, Asia Pacific is expected to dominate the nitrogen trifluoride market with an expected growth at a CAGR of 46 % during the forecast period. Advancement in machinery in the Asia Pacific region is boosting the market growth, especially India and China, South Korea, Japan has documented as a major contributor as constant growth in the electronics industries in the region is very high thus, helping in the market growth. Cleaning of silicon residues from process chambers improves cell efficiency by controlling critical impurities along with the product performance which is projected to accelerate the gas demand in the region. In the year 2022, approximately 40% of the market is acquired by the Asia Pacific region and expected to grow constantly in the future. Secondly, North America and Europe region expected to help this market to grow owing to the large spending on industrial advancement, developed, and high spending on commercial electronics products will generate numerous opportunities for the market to grow. The objective of the report is to present a comprehensive analysis of the Global Nitrogen Trifluoride Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Nitrogen Trifluoride Market dynamics, structure by analysing the market segments and project the Global Nitrogen Trifluoride Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Nitrogen Trifluoride Market make the report investor’s guide.Nitrogen Trifluoride Market Scope:Inquiry Before Buying
Nitrogen Trifluoride Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 1.64 Bn. Forecast Period 2023 to 2029 CAGR: 7.75% Market Size in 2029: US $ 2.77 Bn. Segments Covered: by Application • Semiconductor Chips • Flat Panel Display • Solar Cells • Others by Type • Industrial Grade • Electronic Grade Nitrogen Trifluoride Market, by Region
• North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)Nitrogen Trifluoride Market Key Players
• Navin Fluorine International • Air Products and Chemicals Inc. • Kanto Denka Kogyo Co ltd (KDK) • American Gas Group • Mitsui Chemicals • OCI Materials • Foosung Co • Hyosung Corp • Central Glass Co • Formosa Plastics • Ulsan Chemical Co • Linde AG • Daesung • Matheson • Praxair Technology, Inc • Anderson Development • SK materials Co., Ltd • Feiyuan Group • Huntsman Corporation • Akzo Nobel N.V. • Solvay Chemicals Frequently Asked Questions: 1. Which region has the largest share in Nitrogen Trifluoride Market? Ans: Asia Pacific region holds the highest share in 2022. 2. What is the growth rate of Nitrogen Trifluoride Market? Ans: The Nitrogen Trifluoride Market is growing at a CAGR of 7.75% during forecasting period 2023-2029. 3. What is scope of the Global Nitrogen Trifluoride market report? Ans: Global Nitrogen Trifluoride market report helps with the PESTEL, PORTER, COVID-19 impact analysis, recommendations for investors and leaders, and market estimation of the forecast period. - 4. Who are the key players in Nitrogen Trifluoride market? Ans: The important key players in the Nitrogen Trifluoride Market are Navin Fluorine International, Air Products and Chemicals Inc., Kanto Denka Kogyo Co ltd (KDK), American Gas Group 5. What is the study period of this market? Ans: The Nitrogen Trifluoride Market is studied from 2022 to 2029.
Global Nitrogen Trifluoride Market 1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Nitrogen Trifluoride Market Size, by Market Value (US$ Bn) and Volume (Units) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 4.8. Patent Registration 5. Supply Side and Demand Side Indicators 6. Global Nitrogen Trifluoride Market Analysis and Forecast 6.1. Global Nitrogen Trifluoride Market Size & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Global Nitrogen Trifluoride Market Analysis and Forecast, By Type 7.1. Introduction and Definition 7.2. Key Findings 7.3. Global Nitrogen Trifluoride Market Value Share Analysis, By Type 7.4. Global Nitrogen Trifluoride Market Size (US$ Bn) Forecast, By Type 7.5. Global Nitrogen Trifluoride Market Analysis, By Type 7.6. Global Nitrogen Trifluoride Market Attractiveness Analysis, By Type 8. Global Nitrogen Trifluoride Market Analysis and Forecast, by Application 8.1. Introduction and Definition 8.2. Key Findings 8.3. Global Nitrogen Trifluoride Market Value Share Analysis, by Application 8.4. Global Nitrogen Trifluoride Market Size (US$ Bn) Forecast, by Application 8.5. Global Nitrogen Trifluoride Market Analysis, by Application 8.6. Global Nitrogen Trifluoride Market Attractiveness Analysis, by Application 9. Global Nitrogen Trifluoride Market Analysis, by Region 9.1. Global Nitrogen Trifluoride Market Value Share Analysis, by Region 9.2. Global Nitrogen Trifluoride Market Size (US$ Bn) Forecast, by Region 9.3. Global Nitrogen Trifluoride Market Attractiveness Analysis, by Region 10. North America Nitrogen Trifluoride Market Analysis 10.1. Key Findings 10.2. North America Nitrogen Trifluoride Market Overview 10.3. North America Nitrogen Trifluoride Market Value Share Analysis, By Type 10.4. North America Nitrogen Trifluoride Market Forecast, By Type 10.4.1. Industrial Grade 10.4.2. Electronic Grade 10.5. North America Nitrogen Trifluoride Market Value Share Analysis, by Application 10.6. North America Nitrogen Trifluoride Market Forecast, by Application 10.6.1. Semiconductor Chips 10.6.2. Flat Panel Display 10.6.3. Solar Cells 10.6.4. Others 10.7. North America Nitrogen Trifluoride Market Value Share Analysis, by Country 10.8. North America Nitrogen Trifluoride Market Forecast, by Country 10.8.1. U.S. 10.8.2. Canada 10.9. North America Nitrogen Trifluoride Market Analysis, by Country 10.10. U.S. Nitrogen Trifluoride Market Forecast, By Type 10.10.1. Industrial Grade 10.10.2. Electronic Grade 10.11. U.S. Nitrogen Trifluoride Market Forecast, by Application 10.11.1. Semiconductor Chips 10.11.2. Flat Panel Display 10.11.3. Solar Cells 10.11.4. Others 10.12. Canada Nitrogen Trifluoride Market Forecast, By Type 10.12.1. Industrial Grade 10.12.2. Electronic Grade 10.13. Canada Nitrogen Trifluoride Market Forecast, by Application 10.13.1. Semiconductor Chips 10.13.2. Flat Panel Display 10.13.3. Solar Cells 10.13.4. Others 10.14. North America Nitrogen Trifluoride Market Attractiveness Analysis 10.14.1. By Type 10.14.2. By Application 10.15. PEST Analysis 10.16. Key Trends 10.17. Key Development 11. Europe Nitrogen Trifluoride Market Analysis 11.1. Key Findings 11.2. Europe Nitrogen Trifluoride Market Overview 11.3. Europe Nitrogen Trifluoride Market Value Share Analysis, By Type 11.4. Europe Nitrogen Trifluoride Market Forecast, By Type 11.4.1. Industrial Grade 11.4.2. Electronic Grade 11.5. Europe Nitrogen Trifluoride Market Value Share Analysis, by Application 11.6. Europe Nitrogen Trifluoride Market Forecast, by Application 11.6.1. Semiconductor Chips 11.6.2. Flat Panel Display 11.6.3. Solar Cells 11.6.4. Others 11.7. Europe Nitrogen Trifluoride Market Value Share Analysis, by Country 11.8. Europe Nitrogen Trifluoride Market Forecast, by Country 11.8.1. Germany 11.8.2. U.K. 11.8.3. France 11.8.4. Italy 11.8.5. Spain 11.8.6. Rest of Europe 11.9. Europe Nitrogen Trifluoride Market Analysis, by Country 11.10. Germany Nitrogen Trifluoride Market Forecast, By Type 11.10.1. Industrial Grade 11.10.2. Electronic Grade 11.11. Germany Nitrogen Trifluoride Market Forecast, by Application 11.11.1. Semiconductor Chips 11.11.2. Flat Panel Display 11.11.3. Solar Cells 11.11.4. Others 11.12. U.K. Nitrogen Trifluoride Market Forecast, By Type 11.12.1. Industrial Grade 11.12.2. Electronic Grade 11.13. U.K. Nitrogen Trifluoride Market Forecast, by Application 11.13.1. Semiconductor Chips 11.13.2. Flat Panel Display 11.13.3. Solar Cells 11.13.4. Others 11.14. France Nitrogen Trifluoride Market Forecast, By Type 11.14.1. Industrial Grade 11.14.2. Electronic Grade 11.15. France Nitrogen Trifluoride Market Forecast, by Application 11.15.1. Semiconductor Chips 11.15.2. Flat Panel Display 11.15.3. Solar Cells 11.15.4. Others 11.16. Italy Nitrogen Trifluoride Market Forecast, By Type 11.16.1. Industrial Grade 11.16.2. Electronic Grade 11.17. Italy Nitrogen Trifluoride Market Forecast, by Application 11.17.1. Semiconductor Chips 11.17.2. Flat Panel Display 11.17.3. Solar Cells 11.17.4. Others 11.18. Spain Nitrogen Trifluoride Market Forecast, By Type 11.18.1. Industrial Grade 11.18.2. Electronic Grade 11.19. Spain Nitrogen Trifluoride Market Forecast, by Application 11.19.1. Semiconductor Chips 11.19.2. Flat Panel Display 11.19.3. Solar Cells 11.19.4. Others 11.20. Rest of Europe Nitrogen Trifluoride Market Forecast, By Type 11.20.1. Industrial Grade 11.20.2. Electronic Grade 11.21. Rest of Europe Nitrogen Trifluoride Market Forecast, by Application 11.21.1. Semiconductor Chips 11.21.2. Flat Panel Display 11.21.3. Solar Cells 11.21.4. Others 11.22. Europe Nitrogen Trifluoride Market Attractiveness Analysis 11.22.1. By Type 11.22.2. By Application 11.23. PEST Analysis 11.24. Key Trend 11.25. Key Development 12. Asia Pacific Nitrogen Trifluoride Market Analysis 12.1. Key Findings 12.2. Asia Pacific Nitrogen Trifluoride Market Overview 12.3. Asia Pacific Nitrogen Trifluoride Market Value Share Analysis, By Type 12.4. Asia Pacific Nitrogen Trifluoride Market Forecast, By Type 12.4.1. Industrial Grade 12.4.2. Electronic Grade 12.5. Asia Pacific Nitrogen Trifluoride Market Value Share Analysis, by Application 12.6. Asia Pacific Nitrogen Trifluoride Market Forecast, by Application 12.6.1. Semiconductor Chips 12.6.2. Flat Panel Display 12.6.3. Solar Cells 12.6.4. Others 12.7. Asia Pacific Nitrogen Trifluoride Market Value Share Analysis, by Country 12.8. Asia Pacific Nitrogen Trifluoride Market Forecast, by Country 12.8.1. China 12.8.2. India 12.8.3. Japan 12.8.4. ASEAN 12.8.5. Rest of Asia Pacific 12.9. Asia Pacific Nitrogen Trifluoride Market Analysis, by Country 12.10. China Nitrogen Trifluoride Market Forecast, By Type 12.10.1. Industrial Grade 12.10.2. Electronic Grade 12.11. China Nitrogen Trifluoride Market Forecast, by Application 12.11.1. Semiconductor Chips 12.11.2. Flat Panel Display 12.11.3. Solar Cells 12.11.4. Others 12.12. India Nitrogen Trifluoride Market Forecast, By Type 12.12.1. Industrial Grade 12.12.2. Electronic Grade 12.13. India Nitrogen Trifluoride Market Forecast, by Application 12.13.1. Semiconductor Chips 12.13.2. Flat Panel Display 12.13.3. Solar Cells 12.13.4. Others 12.14. Japan Nitrogen Trifluoride Market Forecast, By Type 12.14.1. Industrial Grade 12.14.2. Electronic Grade 12.15. Japan Nitrogen Trifluoride Market Forecast, by Application 12.15.1. Semiconductor Chips 12.15.2. Flat Panel Display 12.15.3. Solar Cells 12.15.4. Others 12.16. ASEAN Nitrogen Trifluoride Market Forecast, By Type 12.16.1. Industrial Grade 12.16.2. Electronic Grade 12.17. ASEAN Nitrogen Trifluoride Market Forecast, by Application 12.17.1. Semiconductor Chips 12.17.2. Flat Panel Display 12.17.3. Solar Cells 12.17.4. Others 12.18. Rest of Asia Pacific Nitrogen Trifluoride Market Forecast, By Type 12.18.1. Industrial Grade 12.18.2. Electronic Grade 12.19. Rest of Asia Pacific Nitrogen Trifluoride Market Forecast, by Application 12.19.1. Semiconductor Chips 12.19.2. Flat Panel Display 12.19.3. Solar Cells 12.19.4. Others 12.20. Asia Pacific Nitrogen Trifluoride Market Attractiveness Analysis 12.20.1. By Type 12.20.2. By Application 12.21. PEST Analysis 12.22. Key Trend 12.23. Key Development 13. Middle East & Africa Nitrogen Trifluoride Market Analysis 13.1. Key Findings 13.2. Middle East & Africa Nitrogen Trifluoride Market Overview 13.3. Middle East & Africa Nitrogen Trifluoride Market Value Share Analysis, By Type 13.4. Middle East & Africa Nitrogen Trifluoride Market Forecast, By Type 13.4.1. Industrial Grade 13.4.2. Electronic Grade 13.5. Middle East & Africa Nitrogen Trifluoride Market Value Share Analysis, by Application 13.6. Middle East & Africa Nitrogen Trifluoride Market Forecast, by Application 13.6.1. Semiconductor Chips 13.6.2. Flat Panel Display 13.6.3. Solar Cells 13.6.4. Others 13.7. Middle East & Africa Nitrogen Trifluoride Market Value Share Analysis, by Country 13.8. Middle East & Africa Nitrogen Trifluoride Market Forecast, by Country 13.8.1. GCC 13.8.2. South Africa 13.8.3. Rest of Middle East & Africa 13.9. Middle East & Africa Nitrogen Trifluoride Market Analysis, by Country 13.10. GCC Nitrogen Trifluoride Market Forecast, By Type 13.10.1. Industrial Grade 13.10.2. Electronic Grade 13.11. GCC Nitrogen Trifluoride Market Forecast, by Application 13.11.1. Semiconductor Chips 13.11.2. Flat Panel Display 13.11.3. Solar Cells 13.11.4. Others 13.12. South Africa Nitrogen Trifluoride Market Forecast, By Type 13.12.1. Industrial Grade 13.12.2. Electronic Grade 13.13. South Africa Nitrogen Trifluoride Market Forecast, by Application 13.13.1. Semiconductor Chips 13.13.2. Flat Panel Display 13.13.3. Solar Cells 13.13.4. Others 13.14. Rest of Middle East & Africa Nitrogen Trifluoride Market Forecast, By Type 13.14.1. Industrial Grade 13.14.2. Electronic Grade 13.15. Rest of Middle East & Africa Nitrogen Trifluoride Market Forecast, by Application 13.15.1. Semiconductor Chips 13.15.2. Flat Panel Display 13.15.3. Solar Cells 13.15.4. Others 13.16. Middle East & Africa Nitrogen Trifluoride Market Attractiveness Analysis 13.16.1. By Type 13.16.2. By Application 13.17. PEST Analysis 13.18. Key Trend 13.19. Key Development 14. South America Nitrogen Trifluoride Market Analysis 14.1. Key Findings 14.2. South America Nitrogen Trifluoride Market Overview 14.3. South America Nitrogen Trifluoride Market Value Share Analysis, By Type 14.4. South America Nitrogen Trifluoride Market Forecast, By Type 14.4.1. Industrial Grade 14.4.2. Electronic Grade 14.5. South America Nitrogen Trifluoride Market Value Share Analysis, by Application 14.6. South America Nitrogen Trifluoride Market Forecast, by Application 14.6.1. Electrical Processing 14.6.2. Semiconductor Chips 14.6.3. Flat Panel Display 14.6.4. Solar Cells 14.6.5. Others 14.7. South America Nitrogen Trifluoride Market Value Share Analysis, by Country 14.8. South America Nitrogen Trifluoride Market Forecast, by Country 14.8.1. Brazil 14.8.2. Mexico 14.8.3. Rest of South America 14.9. Brazil Nitrogen Trifluoride Market Forecast, By Type 14.9.1. Industrial Grade 14.9.2. Electronic Grade 14.10. Brazil Nitrogen Trifluoride Market Forecast, by Application 14.10.1. Semiconductor Chips 14.10.2. Flat Panel Display 14.10.3. Solar Cells 14.10.4. Others 14.11. Mexico Nitrogen Trifluoride Market Forecast, By Type 14.11.1. Industrial Grade 14.11.2. Electronic Grade 14.12. Mexico Nitrogen Trifluoride Market Forecast, by Application 14.12.1. Semiconductor Chips 14.12.2. Flat Panel Display 14.12.3. Solar Cells 14.12.4. Others 14.13. Rest of South America Nitrogen Trifluoride Market Forecast, By Type 14.13.1. Industrial Grade 14.13.2. Electronic Grade 14.14. Rest of South America Nitrogen Trifluoride Market Forecast, by Application 14.14.1. Semiconductor Chips 14.14.2. Flat Panel Display 14.14.3. Solar Cells 14.14.4. Others 14.15. South America Nitrogen Trifluoride Market Attractiveness Analysis 14.15.1. By Type 14.15.2. By Application 14.16. PEST Analysis 14.17. Key Trend 14.18. Key Development 15. Company Profiles 15.1. Market Share Analysis, by Company 15.2. Competition Matrix 15.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications, and R&D investment 15.2.2. New Product Launches and Product Enhancements 15.2.3. Market Consolidation 15.2.4. M&A by Regions, Investment and Applications 15.2.5. M&A Key Players, Forward Integration and Backward Integration 15.3. Company Profiles: Key Players 15.3.1. Navin Fluorine International 15.3.1.1. Company Overview 15.3.1.2. Financial Overview 15.3.1.3. Product Portfolio 15.3.1.4. Business Strategy 15.3.1.5. Recent Developments 15.3.1.6. Company Footprint 15.3.2. Air Products and Chemicals Inc. 15.3.3. Kanto Denka Kogyo Co ltd (KDK) 15.3.4. American Gas Group 15.3.5. Mitsui Chemicals 15.3.6. OCI Materials 15.3.7. Foosung Co 15.3.8. Hyosung Corp 15.3.9. Central Glass Co 15.3.10. Formosa Plastics 15.3.11. Ulsan Chemical Co 15.3.12. Linde AG 15.3.13. Daesung 15.3.14. Matheson 15.3.15. Praxair Technology, Inc 15.3.16. Anderson Development 15.3.17. SK materials Co., Ltd 15.3.18. Feiyuan Group 15.3.19. Huntsman Corporation 15.3.20. Akzo Nobel N.V. 15.3.21. Solvay Chemicals 16. Primary Key Insights