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Global Electronic Specialty Gas Market – Industry Trends and Forecast to 2031

Chemical and Materials

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Global Electronic Specialty Gas Market – Industry Trends and Forecast to 2031

  • Chemical and Materials
  • Upcoming Report
  • May 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Electronic Specialty Gas Market – Industry Trends and Forecast to 2031

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2023–2031
Diagram Market Size (Base Year) USD 6.10 Billion
Diagram Market Size (Forecast Year) USD 14.68 Billion
Diagram CAGR %

Major Markets Players

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Global Electronic Specialty Gas Market, By Type (Inert Gases, Silane and Silicon Gases, Halogen gases, Ammonia, Carbon gases, Hydrogen Sulfide and Others), Application (Semiconductors and Microelectronics, Flat Panel Displays, Photovoltaic Cells, LEDs), End-Use Industry (Electronics, Energy, Healthcare and Industrial) - Industry Trends and Forecast to 2031.

Electronic Specialty Gas Market

Electronic Specialty Gas Market Analysis and Size

The relentless growth in consumer electronics, coupled with advancements in semiconductor technology (such as smaller, more efficient chips for smartphones, computers, and IoT devices), fuels the demand for electronic specialty gases for manufacturing processes is expected to fuel the growth of the global electronic specialty gas market.

Data Bridge Market Research analyses that the global electronic specialty gas market was valued at USD 6.1 billion in 2023 is expected to reach the value of USD 14.68 billion by 2031, at a CAGR of 11.6% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Type (Inert Gases, Silane and Silicon Gases, Halogen gases, Ammonia, Carbon gases, Hydrogen Sulfide and Others), Application (Semiconductors and Microelectronics, Flat Panel Displays, Photovoltaic Cells, LEDs), End-Use Industry (Electronics, Energy, Healthcare and Industrial)

Countries Covered

U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa

Market Players Covered

Linde plc (Ireland), Air Products and Chemicals, Inc. (U.S.), Air Liquide ( France), Messer Group (Germany), Sumitomo Seika Chemicals Company, Limited (Japan), The Chemours Company (U.S.), Electronic Fluorocarbons, LLC (U.S.), Matheson Tri-Gas, Inc. (U.S.), SHOWA DENKO K.K. (Japan) among others

Market Opportunities

  • Emerging Markets Growth
  • Innovation and R&D

Market Definition

Electronic specialty gases refer to highly purified gases used in various stages of semiconductor and electronics manufacturing processes. These gases are crucial for creating controlled atmospheres, depositing thin films, etching surfaces, and enhancing material properties during the production of integrated circuits, LEDs, solar cells, and other electronic components. Electronic specialty gases are characterized by their exceptional purity levels, precise chemical compositions, and low levels of impurities. They are essential for optimizing performance, ensuring reliability, and achieving high yields in semiconductor fabrication, where even minute variations in gas composition can significantly impact device performance and quality

Electronic Specialty Gas Market Dynamics

Driver

  •  Growth in Semiconductor Industry

The growth of the semiconductor industry is propelled by increasing demands for advanced electronic devices across various sectors such as smartphones, computers, automotive electronics, and IoT devices. This expansion relies heavily on sophisticated semiconductor fabrication techniques such as chemical vapor deposition (CVD) and etching. Electronic specialty gases play a crucial role in these processes, providing essential elements and compounds needed for precise material deposition and etching patterns. The high purity and controlled composition of these gases are vital for ensuring the quality and performance of semiconductor components, supporting the industry's rapid evolution and innovation in electronic technologies.

  • Increasing Demand for Photovoltaic (PV) Cells

The increasing demand for photovoltaic (PV) cells, driven by the global shift towards renewable energy sources such as solar power, is fueling market growth. Specialty gases play a critical role in the manufacturing process of these cells. For instance, gases such as silane (SiH4) and dopant gases such as phosphine (PH3) are used in the deposition and doping processes necessary for producing efficient solar cells. These specialty gases ensure precise control over material properties and enable the creation of high-performance PV cells. As the renewable energy sector expands, the demand for specialty gases in PV cell production is expected to continue rising.

Opportunities

  • Innovation and Product Development

Technological advancements in electronics, such as smaller and more powerful components, OLED displays, and microprocessors, demand precise manufacturing processes. Electronic specialty gases, such as silane, ammonia, and nitrogen, are essential for semiconductor fabrication, OLED production, and microprocessor manufacturing. These gases enable processes such as chemical vapor deposition (CVD) for thin film deposition, plasma etching for circuit patterning, and organic layer deposition for OLED displays. High purity and precise composition of these gases ensure quality and performance in advanced electronic devices, driving the continual need for electronic specialty gases in the evolving electronics industry.

  • Increasing Investments in Research and Development

Continual investments in R&D within the electronics and semiconductor industries propel exploration into novel materials and manufacturing methods, necessitating the development and application of new electronic specialty gases. Advanced processes such as atomic layer deposition (ALD) and extreme ultraviolet (EUV) lithography demand precise gas compositions and purities for optimal performance. As researchers discover innovative materials and techniques to enhance device performance and efficiency, the demand for tailored electronic specialty gases rises. This symbiotic relationship between R&D investments and gas innovation fuels market expansion, enabling the realization of cutting-edge electronic technologies

 Restraints/Challenges

  • High Cost of Specialty Gases

The high cost of electronic specialty gases is primarily attributed to the rigorous purification and handling processes required to achieve the exceptionally high purity levels essential for semiconductor and electronics manufacturing. Specialty gas production involves complex refining techniques, such as cryogenic distillation, chemical reactions, and filtration, to remove impurities down to parts per billion (ppb) or even parts per trillion (ppt) levels. Additionally, stringent quality control measures, specialized equipment, and stringent compliance with industry standards further contribute to the elevated production costs. These factors collectively make electronic specialty gases more expensive compared to standard industrial gases, reflecting the critical role they play in ensuring optimal performance and reliability of electronic device

  • Stringent Regulatory Requirements

Stringent regulatory requirements in the electronics industry encompass environmental, health, and safety standards, imposing comprehensive guidelines on gas handling, emissions control, and disposal practices. Compliance with these regulations necessitates investments in specialized infrastructure, monitoring systems, and employee training to ensure safe handling and minimize environmental impact. Manufacturers must adhere to strict emission limits, implement efficient waste management protocols, and conduct regular audits to maintain compliance. Meeting these regulatory obligations adds complexity and cost to electronic specialty gas manufacturing.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

  • Linde PLC offers a global network of production plants strategically located in core manufacturing hubs to bring  the full range of special gases supporting all electronics manufacturing processes across the globe

Electronic Specialty Gas Market Scope

The market is segmented into type, application, and end-use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Inert Gases
  • Silane and Silicon Gases
  •  Halogen Gases
  • Ammonia
  •  Carbon Gases
  • Hydrogen Sulfide
  • Others

 Application

  • Semiconductors and Microelectronics
  • Flat Panel Displays
  • Photovoltaic cells
  • LEDs

 End-Use Industry

  • Electronics, Energy
  • Healthcare
  •  Industrial

Electronic Specialty Gas Market Regional Analysis/Insights

The market is analyzed and market size insights and trends are provided by type, application, and end-use industry as referenced above.

The countries covered in the market report are U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, and Rest of Middle East and Africa.

Asia-Pacific is the most dominating region in global electronic specialty gas market, holding the highest share due to rapid expansion of the semiconductor industry, driven by demand for advanced electronics in smartphones, computers, automotive electronics, and IoT devices, is a primary driver. Electronic specialty gases are essential for semiconductor fabrication processes such as chemical vapor deposition (CVD) and etching.

China dominates in the global electronic specialty gas market as innovations in display technologies such as OLED and micro-LED screens in smartphones, TVs, and other devices require electronic specialty gases for fabrication processes, further boosting market demand.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Electronic Specialty Gas Market Share Analysis

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

Some of the major players operating in the market are:

  • Linde plc (Ireland)
  • Air Products and Chemicals, Inc. (U.S.)
  • Air Liquide ( France)
  • Messer Group (Germany)
  • Sumitomo Seika Chemicals Company, Limited (Japan)
  • The Chemours Company (U.S.)
  • Electronic Fluorocarbons, LLC (U.S.)
  • Matheson Tri-Gas, Inc. (U.S.)
  • SHOWA DENKO K.K. (Japan)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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FREQUENTLY ASK QUESTIONS

The electronic specialty gas market size will be worth USD 14.68 billion by 2031.
The growth rate of the electronic specialty gas market is 11.6%.
Growth in Semiconductor Industry & Increasing Demand for Photovoltaic (PV) Cells are the growth drivers of the electronic specialty gas market.
Type, application, and end-use industry are the factors on which the electronic specialty gas market research is based.
Major companies in the electronic specialty gas market are Linde plc (Ireland), Air Products and Chemicals, Inc. (U.S.), Air Liquide ( France), Messer Group (Germany), Sumitomo Seika Chemicals Company, Limited (Japan), The Chemours Company (U.S.), Electronic Fluorocarbons, LLC (U.S.), Matheson Tri-Gas, Inc. (U.S.), SHOWA DENKO K.K. (Japan) among others.
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