Global Nitrogen Trifluoride (NF3) Market Size To Grow At A CAGR Of 6.2% During The Forecast Period Of 2023-2028

The ‘Global Nitrogen Trifluoride (NF3) Market Growth Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global nitrogen trifluoride (NF3) market, assessing the market on the basis of its segments like grade, application, and region.

The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.

Nitrogen Trifluoride (NF3) Market Share, Size, Trends, Industry Report, Key Player, Major Segments and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

Forecast CAGR (2023-2028): 6.2%

Nitrogen trifluoride (NF3) NF3 is often used in preference to alternative cleaning agents including sulphur hexafluoride, perfluorocarbon, and hexafluoroethane due to its stable, non-flammable, and environmentally effective nature. Accordingly, the demand for the nitrogen trifluoride (NF3) market has risen as a result of the tremendous expansion of the energy and power industries over the past several years.

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There is also a rising demand for NF3 for the production of thin solar films and cleaning of silicone deposition as solar panels and photovoltaic cells see an increase in demand. Consequently, the demand for NF3 for thin-film solar cell applications is anticipated to increase as solar power generation rises.

Additionally, NF3 is employed in plasma processing to create integrated circuits for tablets, laptops, and televisions. It primarily cleans the silicon wafers used in liquid crystal displays (LCDs) through plasma enhanced chemical vapour deposition (PECVD) where the fluorine in NF3 is utilised to clear the chamber's silicon-based contaminants. Therefore, rising LCD television demand is anticipated to expand the nitrogen trifluoride (NF3) market. Furthermore, nitrogen trifluoride is anticipated to experience an increase in demand from new application areas as a result of expanding research and development efforts.

Nitrogen Trifluoride (NF3) Industry Definition and Major Segments

Nitrogen trifluoride (NF3) is an inorganic chemical that is a colourless gas with a distinctive musty aroma. It has a non-flammable composition composed of nitrogen and fluorine atoms and when the temperature rises, it becomes an oxidizer. NF3 is simple to handle and secure due to its stability at ambient temperatures.

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Based on grade, the market is bifurcated into:

• Electronic
• Industrial

By application, the market is categorised into:

• Semiconductor
• Flat Panel Displays
• Solar Cells
• LED
• Others

On the basis of region, the market is divided into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Nitrogen Trifluoride (NF3) Market Trends

Nitrogen trifluoride (NF3) has a wide range of uses in semiconductors that are encouraging the development of semiconductors that are significantly more complex and process at a faster rate. It is often used to clean semiconductors, remove silicone from semiconductors, and other electronic equipment. This will increase the demand for nitrogen trifluoride and propel the nitrogen trifluoride (NF3) market growth over the course of the forecast period.

Strong demand for nitrogen trifluoride for the synthesis of fluoride compounds is a key trend driving the market for nitrogen trifluoride. The global electronics industry is also expanding quickly, due to factors such as increasing consumer demand and business applications, further increasing the demand for NF3.

In North America, the high consumer spending on mobile phones, laptops, smart televisions, and car dashboard displays is expected to augment the demand for electronic gadgets in countries in the region, which is expected to drive up the demand for electronic cleaners such as NF3. The well-established supply chain for NF3 that is already in place and the development of electronics engineering will necessitate a significant amount of nitrogen trifluoride, which is anticipated to aid in nitrogen trifluoride (NF3) market expansion in the coming years.

Key Market Players

The major players in the global nitrogen trifluoride (NF3) market report are:

• Mitsui Chemicals, Inc.
• Feiyuan Group
• SK Materials
• Linde AG
• American Gas Products
• others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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