Growing demand for consumer electronics to foster nitrogen trifluoride market growth by 2025

10:55 AM, 5th February 2021
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.

Get detailed analysis on the NF3 Market: https://www.gminsights.com/request-sample/detail/4340

Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1-302-846-7766

Toll Free: 1-888-689-0688

Email: sales@gminsights.com

Web: https://www.gminsights.com

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Oxygen scavengers market to observe bullish growth in North America

Oxygen scavengers have become a top-notch material to boost shelf-life and maintain the freshness and quality of food products. Incorporation of oxyge ...

Read more
Compressor oil consumption to grow across the robust food & beverage sector

Compressor oil is widely used for lubrication in different types of compressors with an aim to enhance their efficiency and shelf life. Additionally, ...

Read more
Top 4 trends outlining recycled glass market forecast

The increasing awareness globally regarding waste generation and the benefits associated with recycling has positively influenced the global recycled ...

Read more
Total joins Maersk Mc-Kinney Moller Center for zero carbon shipping

PARIS, FRANCE: Total said it has joined the Maersk Mc-Kinney Moller Center for Zero Carbon Shipping as a strategic partner and accelerates its R&D ...

Read more
Linde, Hyosung JV to develop hydrogen infrastructure in South Korea

GUILDFORD, UK: Linde announced that it has partnered with Hyosung Corporation, one of South Korea's largest industrial conglomerates, to build, own an ...

Read more
AkzoNobel opens new low cure powder coatings R&D lab in Italy

AMSTERDAM, THE NETHERLANDS: A new research center which will develop pioneering products for the rapidly growing area of powder on wood has been opene ...

Read more
www.worldofchemicals.com uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X