Increase in electronic products fuel demand F2/N2 gas mixture

Increase in electronic products to fuel demand for F2/N2 gas mixture

11:40 AM, 26th August 2019
Electronic special gases. Photo: Linde
Electronic special gases. Photo: Linde

The global fluorine/nitrogen (F2/N2) gas mixture market is estimated to reach a volume of 26,377 tons by the end of 2026 while registering a CAGR of 3.7% during the forecast period, according to a recent report by Persistence Market Research.

Some of the factors which are boosting the growth of the F2/N2 gas mixture market are increasing disposable income in developed and emerging economies and government initiatives to promote the growth of end-use industries.  

Growing penetration of consumer electronic products will upsurge electronics production

The electronics industry has witnessed robust growth in recent times owing to the swiftly rising demand for consumer electronic products. This in turn, has been fueling the demand for F2/N2 gas mixture, which is required for the manufacturing and maintenance of electronic components. This has been driving the market for F2/N2 gas mixture across the globe.

During recent years, F2/N2 gas mixture has also found applications in the Etching and Deposition process, which is one of the key drivers responsible for the growth of global F2/N2 gas mixture market currently.

Rising disposable income and favorable socio-economic trends are pushing economic growth

The demand for F2/N2 gas mixture is estimated to increase due to rapid urbanization, increasing disposable income in developing economics and growing demand for sustainable solutions. Owing to growing economic affluence, consumers are shifting towards products, such as F2/N2 gas mixture, which were unaffordable previously.

This, in turn, has resulted in an upsurge in the demand for consumer electronic products, such as computers, laptops, mobiles etc. Steady growth of end-use industries is expected to drive the demand for F2/N2 gas mixture during the forecast period.

Growing pharmaceutical industry will create demand

The positively growing healthcare landscape is changing rapidly owing to various key factors, such as busy lifestyle, etc. Globally, people are becoming more aware about and thus, the demand for pharmaceutical grade supplements is increasing across the world, which in turn, is leading to high consumption of active pharma ingredients and excipients used in pharmaceutical industries.

Shifting trend towards the use of plastic products

Now a days, people are investing heavily to modify their offices and homes with light weight and innovative products. The demand for plastic products is expected to increase in near future. This, in turn, is anticipated to increase the demand for F2/N2 gas mixture from the polymer & plastic industry, which will provide impetus to the global and regional F2/N2 gas mixture market.

F2/N2 gas mixture market – Competitive landscape

The global F2/N2 gas mixture market is highly consolidated. The top five key players in the F2/N2 gas mixture market are estimated to hold more than two-third of the market volume share in 2018. In addition, small players are planning to invest in R&D to introduced new products in F2/N2 gas mixture categories.

During the last decade, the F2/N2 gas mixture market witnessed productive developments. Capacity expansions, collaborations and acquisitions are some of the favorite key strategies opted by key producers to sustain in the global F2/N2 gas mixture market.

Globally, China is one of the key consumers of F2/N2 gas mixture. Key manufacturers are planning to increase their market share by entering into strategic partnerships with other players or by entering into joint ventures

Some of the key manufacturers are planning to introduce innovative manufacturing processes for F2/N2 gas mixtures in order to reduce the final price of F2/N2 gas mixture

The distribution of F2/N2 gas mixture through online distribution channels is an alternative strategy adopted by global key manufacturers to reinforce their market presence in the global market 

Some of the prominent players covered in this study on the F2/N2 gas mixture market are Solvay SA, Versium Materials, Air Products and Chemicals, Inc., Air Liquide S.A., Hyosung Japan Co., Ltd, Ingentec Corp, Pelchem SOC Ltd, Wuxi Yuntong Gas Co., Ltd etc.

Source: Persistence Market Research

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