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.
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.
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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.
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