The expansion of flat panel display manufacturing industry has a major role to play in pushing the global nitrogen trifluoride market growth. Rising demand for tablets and smartphones driven by high consumer disposable income, decline in prices, and technological advancements will lead the growth.
The expansion of flat panel display manufacturing industry has a major role to play in pushing the global nitrogen trifluoride market growth. Rising demand for tablets and smartphones driven by high consumer disposable income, decline in prices, and technological advancements has led to a considerable surge in the requirement for flat glass. Given that NF3 is massively deployed in flat panel display manufacturing, in the chamber cleaning application, expansion of flat penal sector will majorly augment nitrogen trifluoride industry outlook.
In terms of application, the semiconductor application segment will account for nearly 70 percent of the overall market share by the end of the analysis timeframe. Rapidly growing semiconductor sector and rising demand by fab operators for high volumes of ultra-pure chemicals and gases to offer the best quality, consistent, reliable, strictly measured and a more sustainable semiconductor manufacturing process will drive nitrogen trifluoride market growth from this segment.
Meanwhile, nitrogen fluoride gas is also an essential part of the solar PV cell manufacturing industry. The segment is anticipated to foresee a growth rate of more than 11.5 percent through the analysis timeline due to rapidly increasing penetration of thin film Si technology in the solar industry. Extensive range of specialty gases and high purity bulk along with wet chemicals are utilized in the solar cell processing, largely in anti-reflective coating deposition, doping, etching, and several cleaning steps. These play a key role in solar cell performance.
Additionally, with technological advancements, the electronic display has drawn the attention of consumers globally. This has further led to an increased demand for electronic devices like tablets, smartphones, television, and laptops, and flat panel displays. In smartphones, the focus shifted from AMOLED to the new clamshell design, thereby driving the demand and gaining higher acceptance among customers. For instance, on January 2020, Motorola, a leading telecommunications company, reportedly announced “razr” which is its first foldable mobile phone enabled with a clamshell design.
Similarly, OLED TV have secured a remarkable position in the TV market. Also, in 2019, the LCD TV panel capacity expanded mainly because of the increasing number of Gen 10.5 fabs. These trends will further drive the demand for NF3 across electronics industry, thereby augmenting the market growth.
On the geographical front, the Asia-Pacific nitrogen trifluoride market is likely to witness substantial growth rate of nearly 11 percent through the analysis timeline due to robust growth seen in the electronics manufacturing industry mainly in Japan, South Korea, Taiwan and China.
Air Products and Chemicals, Air Liquid, Praxair and Linde among many others are some of the key players operating in the nitrogen trifluoride market.
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