Market Overview
Nitrogen trifluoride is a
colorless, odorless, non-flammable gas, known by the chemical formula NF3. It
has increasing use as an etchant in microelectronics. Nitrogen trifluoride
offers several benefits over alternative cleaning agents, such as high etch rates,
high selectivity, carbon-free etching, and minimal residual contamination.
Growing demand for consumer electronics is expected to fuel the nitrogen
trifluoride market. Semiconductors are indispensable components in consumer
electronics products where it is used for cleaning silicon wafers of
semiconductors. Apart from this, Nitrogen trifluoride has etchant application
in flat panel displays & solar cells. Asia Pacific is the fastest growing
segment both in terms of consumption and utilization.
Market Segmentation
The Global nitrogen
trifluoride market is segmented based on the type of packaging and
application.
Based on the type of packaging,
the global nitrogen trifluoride market is segmented into four types – Ton
cylinder, ISO container, Bundles, and 47L cylinder. Nitrogen trifluoride
manufacturers package a material into different sizes based on the customer
requirement.
Based on the application, the
global nitrogen trifluoride market is segmented into semiconductor, flat panel
displays, and solar cells. The semiconductor chip accounted to be the
largest application segment in 2016 and it expected to remain so in the
forecast period. Flat panel display is expected to be the fastest growing
application of nitrogen trifluoride market, owing to less power consumption and
compact size. Solar cells application is expected to rise in the forecast year
owing to lucrative government initiatives and rising demand for green energy.
Regional Analysis
The regional analysis comprises
of North America, Europe, Asia pacific, Middle East & Africa, and Latin
America. Asia-Pacific is one of the leading region for the global nitrogen
trifluoride market followed by North America and Europe. The growing consumer
electronics market and semiconductors industries in Japan, China, and South
Korea are driving the nitrogen trifluoride market in this region. However,
rapid industrialization due to lucrative government schemes for FDI as well as
digital India initiative is expected to boost the nitrogen trifluoride market
in India. Apart from this, economic growth and lifestyle changes is expected to
further increase demand for consumer electronics which is further expected to
expand nitrogen trifluoride market in India. North America and Europe is
expected to be affected due to stringent rules and regulations by the
government.
Competitive Analysis
Some of the prominent players in
global nitrogen trifluoride market are Mitsui Chemicals, Inc., SK MATERIALS CO,
LTD, FOOSUNG Group, HYOSUNG, The Linde Group, Navin Fluorine International
Limited, Praxair Technology, Inc., Central Glass Co., Ltd., Formosa Plastics
Corporation, Kanto Denka Kogyo Co., Ltd., Ulsan Chemical Co., Ltd., and Air
Products and Chemicals Inc. among others.
Access Report Details @ https://www.marketresearchfuture.com/reports/nitrogen-trifluoride-market-733
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