Nitrogen Trifluoride & Fluorine Gas Market Analysis by Size, Share, Growth, Trends and Forecast (2024–2032) | UnivDatos

According to a new report by UnivDatos Market Insights, the Nitrogen Trifluoride and Fluorine Gas Market is expected to reach USD 3,851.23 million in 2032 by growing at a CAGR of 3.03%. The market has seen significant growth in the last couple of years due to the growing demand from the semiconductor industry, and the rising penetration of AI, IoT, and 5G technologies, NF₃ and F₂ are expected to play a critical role in the electronics manufacturing industry.

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KEY GROWTH DRIVERS:

The Market is expected to grow at a steady rate of around 3.03% in the forecast period. Major factors contributing to the growth of the market are: –

·        Surging Semiconductor Production: With the adoption of AI, 5G, and electric vehicles, the semiconductor Industry has grown at a fast pace recently therefore increasing demand for NF and F₂ gases for etching and cleaning reasons.

·        Advancements in Display Technologies: The usage of OLED and next-generation thin-film transistor-liquid crystal display (TFT-LCD) displays in portable devices such as mobile phones, tablets, TVs, and wearables is higher for cleaning and etching, free from contamination to enhance NF₃.

·        Expansion in Solar Energy: Spreading the use of solar energy, particularly the thin-film technology is implying a greater demand for these gases used in the processes of silicon layer deposition and cell manufacture.

Latest Developments

·        In 2024, South Korea’s Hyosung Group is poised to sell a 100% stake in its specialty and industrial gas unit to a consortium led by IMM Private Equity Inc. and STIC Investments Inc. for an amount of USD 943.3 million. Hyosung Chemical’s specialty and industrial gas division produces 8,000 tons of nitrogen trifluoride (NF3), making it the world’s third-largest NF3 manufacturer.

·        In 2022, SK Materials Co. and Showa Denko K.K. announced plans to collaborate on high-purity gas production in the U.S., aiming to cater to North America’s semiconductor materials demand.

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Electronics Segment Dominates the Market

The electronics segment has been the most prominent consumer for NF₃ and F₂ due to the escalating demand for semiconductor wafers, OLED panels, and integrated circuits. The expansion of OLED display output, promotions in wafer manufacturing, and solar power have elevated consumption of NF₃ and F₂. Secondly, the advanced countries’ demand for memory manufacturing is increasing with the development of new memories, and semiconductor manufacturing in Asian-Pacific emerging markets including China Taiwan, and South Korea has developed rapidly further enhancing the demand. For instance, in 2024, China set the world record for the very first time in developing and producing of 28nm embedded RRAM image quality adjustment chip and the world’s first 16-bit quantum bit semiconductor microprocessor chip. Therefore, with the increasing production of semiconductors, the demand for Nitrogen Trifluoride and Fluorine Gas ramped up and is expected to behave in the same fashion in the forecast period.

Conclusion

The NF₃ and F₂ Market is set up for global moderate growth sustained by developments in semiconductors, 5G networks, and renewable resources. Critical uses of these gases in cleaning and etching applications in electronics manufacturing and solar cell manufacturing should continue to support demand. This shall imply that to achieve economies of scale in the production of electronics manufactured to use the natural gas supply, it remains crucial that the suppliers of natural gas forge strategic partnerships with the manufacturers of the electronics.

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