Global Nitrogen Trifluoride (NF3) and Fluorine Gas (F2) Market, By Type (Chemical Synthesis, Electrolyzing Synthesis), Nitrogen Trifluoride Application (Semiconductor Displays, Flat Panel Displays, Solar Cells), Fluorine Gas Applications (Uranium Enrichment, Electronic Cleaning, Sulphur Hexafluoride) – Industry Trends and Forecast to 2029.
Nitrogen Trifluoride (NF3) and Fluorine Gas (F2) Market Analysis and Size
The nitrogen trifluoride (NF3) is primarily used in manufacturing semiconductor chips, whereas fluorine gas (F2) is used in uranium enrichment and other applications. The rising demands of gases for energy and power production purpose is boosting the growth of the market. According to International Energy Agency Report, Nuclear power energy increases by 2% in 2021 from 2020. Thus, there will be more requirement for uranium enrichment in the forecast period and thus, the demand for F2 and NF3 will increase.
Global nitrogen trifluoride (NF3) and fluorine gas (F2) market was valued at USD 3,620.00 million in 2021 and is expected to reach USD 4110.16 million by 2029, registering a CAGR of 1.60% during the forecast period of 2022-2029. 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.
Nitrogen Trifluoride (NF3) and Fluorine Gas (F2) Market Scope and Segmentation
Report Metric |
Details |
Forecast Period |
2022 to 2029 |
Base Year |
2021 |
Historic Years |
2020 (Customizable to 2014 - 2019) |
Quantitative Units |
Revenue in USD Million, Volumes in Units, Pricing in USD |
Segments Covered |
Type (Chemical Synthesis, Electrolyzing Synthesis), Nitrogen Trifluoride Application (Semiconductor Displays, Flat Panel Displays, Solar Cells), Fluorine Gas Applications (Uranium Enrichment, Electronic Cleaning, Sulphur Hexafluoride) |
Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
Market Players Covered |
AkzoNobel N.V. (Netherlands), PPG Industries Inc., (U.S.), The Sherwin-Williams Company (U.S.), RPM International Inc., (U.S.), NIPSEA GROUP (Japan), Arkema (France), Cardolite Corporation (U.S.), BASF SE (Germany), Evonik Industries AG (Germany), Reichhold LLC 2, (U.S.), DSM (Netherlands), Qualipoly Chemical Corp. (Taiwan), Arakawa Chemical Industries,Ltd. (Japan), Alberdingk Boley (U.S.), Eternal Materials Co.,Ltd. (Taiwan), Wacker Chemie AG (Japan) and DIC CORPORATION (Japan) |
Market Opportunities |
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Market Definition
Nitrogen triflouride is an inorganic compound that is colorless, non-flammable, non-reactive and water soluble. Fluorine gas (F2) has a pungent smell and is considered one of the strongest oxidizing agents with high corrosive properties.
Global Nitrogen Trifluoride (NF3) and Fluorine Gas (F2) Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Rise in the energy and power industries
The energy and power industries re the fastest growing segments in nitrogen triflouride (NF3) and flourine gas market and is expected to grow at a CAGR of 12.6%. These gases are extensively being used in the solar and nuclear energy generation respectively. They are also being used in the solar cell production for texturing the films and the reactor cleaning of the film silicon deposition. All these factors are driving the growth of the market over the forecasted period.
Opportunities
- Regulations and benefits boosting demand
Moreover, the favorable initiatives by the government associated with environmental regulations to increase demand for reduced emissions, will further extend profitable opportunities to the market players. Moreover, the rising usage of the gases will further initiate growth opportunities for the market. According to International Energy Agency (IEA), Photovoltaic Power Systems Programme, the global photovoltaic market saw an increase of around 14% in 2020 as compared to 2019. The increasing requirement of these gases for energy and power production is creating lucrative growth opportunities for the market over the forecasted period.
Restraints/Challenges
- High toxicity of the gases
The high toxicity and reactivity of the gases will create hindrances for the growth of the nitrogen trifluoride (NF3) and fluorine gas (F2) market.
- Fluctuations in prices
The inconsistent prices have a direct negative impact on the overall market’s growth. As a result, these fluctuations will significantly challenge the nitrogen trifluoride (NF3) and fluorine gas (F2) market growth rate.
This nitrogen trifluoride (NF3) and fluorine gas (F2) 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 nitrogen trifluoride (NF3) and fluorine gas (F2) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Nitrogen Trifluoride (NF3) and Fluorine Gas (F2) Market
The recent outbreak of coronavirus had a negative impact on the nitrogen trifluoride (NF3) and fluorine gas (F2) market. This happened due to the initial slowdown in the energy and power segment during the covid period. Additionally, there was an initial slowdown in solar energy production as well. This impacted the demand nitrogen triflouirde and fluorine gas because of the use of them in photovoltaic cells manufacturing and uranium enrichment processes respectively. However, with the gradual upliftment of restriction and restoration of business operations, the overall nitrogen trifluoride (NF3) and fluorine gas (F2) industry is expected to grow steadily.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Nitrogen Trifluoride (NF3) and Fluorine Gas (F2) Market Scope
The nitrogen trifluoride (NF3) and fluorine gas (F2) market is segmented on the basis of type, NF3 application and F2 application. 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
- Chemical Synthesis
- Electrolyzing Synthesis
Nitrogen Triflouride Application
- Semiconductor Displays
- Flat Panel Displays
- Solar Cells
Flourine Gas Applications
- Uranium Enrichment
- Electronic Cleaning
- Sulphur Hexafluoride
Nitrogen Trifluoride (NF3) and Fluorine Gas (F2) Market Regional Analysis/Insights
The nitrogen trifluoride (NF3) and fluorine gas (F2) market is analyzed and market size insights and trends are provided by type, NF3 application and F2 application as referenced above.
The countries covered in the nitrogen trifluoride (NF3) and fluorine gas (F2) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the market in terms of market share and market revenue and will continue to flourish its dominance due to the increasing for flat panel displays within the region.
North America, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the rapid development of the semiconductor industries in the region.
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 like 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 Nitrogen Trifluoride (NF3) and Fluorine Gas (F2) Market Share Analysis
The nitrogen trifluoride (NF3) and fluorine gas (F2) 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 nitrogen trifluoride (NF3) and fluorine gas (F2) market.
Some of the major players operating in the nitrogen trifluoride (NF3) and fluorine gas (F2) market are
- AkzoNobel N.V. (Netherlands)
- PPG Industries Inc., (U.S.)
- The Sherwin-Williams Company (U.S.)
- RPM International Inc., (U.S.)
- NIPSEA GROUP (Japan)
- Arkema (France)
- Cardolite Corporation (U.S.)
- BASF SE (Germany)
- Evonik Industries AG (Germany)
- Reichhold LLC 2, (U.S.)
- DSM (Netherlands)
- Qualipoly Chemical Corp. (Taiwan)
- Arakawa Chemical Industries,Ltd. (Japan)
- Alberdingk Boley (U.S.)
- Eternal Materials Co.,Ltd. (Taiwan)
- Wacker Chemie AG (Japan)
- DIC CORPORATION (Japan)
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