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.
Related Press
Release@ Chlorine Trifluoride Market Report
List of Key Players of Chlorine Trifluoride Market
- Central
Glass
- Air Products
and Chemicals, Inc.
- Air Liquide
- Advance
Research Chemicals, Inc.
- Kanto Denka
Kogyo Co. Ltd.
- Taiyo Nippon
Sanso Corporation
Chlorine Trifluoride Market Report Highlights
- The
semiconductor manufacturing application segment is expected to witness the
fastest CAGR, both in terms of volume and revenue, from 2021 to 2028 due
to the increasing demand for electronic and chamber cleaning products
- The rocket
propellant systems application segment accounted for a revenue share of
22.3% in 2020 owing to the constant technological advancements and high
investments in space exploration activities
- In the Asia
Pacific region, India is anticipated to register the fastest growth rate
of 4.6%, in terms of volume, from 2021 to 2028
- This growth
can be attributed to the entry of semiconductor manufacturing companies
and significant government investments in space exploration activities
- South Korea
accounted for a market share of 4.7% in the Asia Pacific regional market
on account of the thriving semiconductor industry in the country
Chlorine Trifluoride Market
Report Scope
|
Report Attribute |
Details |
|
Market size value in 2021 |
USD 46.98 million |
|
Revenue forecast in 2028 |
USD 62.98 million |
|
Growth Rate |
CAGR of 4.2% from 2021 to 2028 |
|
Base year for estimation |
2020 |
|
Historical data |
2017 - 2019 |
|
Forecast period |
2021 - 2028 |
Chlorine Trifluoride Market Segmentation
Grand
View Research has segmented the global chlorine trifluoride market on the basis
of application and region:
CIF3 Application Outlook (Volume, Tons; Revenue, USD
Million, 2017 - 2028)
- Semiconductor
Manufacturing
- Nuclear Fuel
Processing
- Rocket
Propellant Systems
- Others
CIF3 Regional Outlook (Volume, Tons; Revenue, USD
Million, 2017 - 2028)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Asia Pacific
- China
- India
- Japan
- South Korea
- Central
& South America
- Brazil
- Argentina
- Middle East
& Africa
- South
Africa
- Saudi Arabia
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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