USD 4.5 billion
Nitrogen Trifluoride and Fluorine Gas Market Size, Share, and Growth Analysis
Nitrogen Trifluoride and Fluorine Gas Market By Type (Chemical Synthesis, Electrolyzing Synthesis), By Nitrogen Triflouride Application (Semiconductor Displays, Flat Panel Displays), By Flourine Gas Applications (Uranium Enrichment, Electronic Cleaning), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15A2124 |
Region:
Global |
Published Date: March, 2025
Pages:
184
|Tables:
59
|Figures:
79
Format -
Nitrogen Trifluoride and Fluorine Gas Market Insights
Nitrogen Trifluoride and Fluorine Gas Market size was valued at USD 4.5 billion in 2023 and is poised to grow from USD 4.61 billion in 2024 to USD 5.57 billion by 2032, growing at a CAGR of 2.4% during the forecast period (2025-2032).
In terms of consumer demand, commercial applications, and other factors, the global electronics sector is expanding quickly. The United States, Germany, Japan, and the United Kingdom are the other major electronic markets after China. China is predicted to generate USD 0.3 billion in income by the end of 2023. High demand for several chemicals, including nitrogen trifluoride and fluorine gas, for electronics cleaning applications has been seen in China and the rest of Asia Pacific, where regional product formulators and electronics manufacturers are becoming more prevalent. Furthermore, it is anticipated that the market demand for electronic cleaners in North America and Europe would rise because to the rising consumer spending on mobile phones, laptops, smart televisions, and automobile dashboard displays.
Over the next few years, it is projected that these factors will increase demand for NF3 and F2 in these areas. Fluorinated gases' potential for toxicity is likely to limit industry growth in the years to come. A refrigerant's flammability refers to its capacity to ignite and result in combustion or fire. Flammability is the ability of a mixture to self-propagate a flame for a specific distance. Simply said, toxicity is the amount that turns a substance into a poison. All compounds have the potential to become poisonous in large enough quantities. The dosage necessary to produce harm and, in certain situations, repeated exposures make a distinction between substances that are safe and those that can be regarded as toxic.
US Nitrogen Trifluoride and Fluorine Gas Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Gas
Fastest Growth
Gas
Growth Rate
2.4% CAGR
Global Nitrogen Trifluoride and Fluorine Gas Market 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)
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Nitrogen Trifluoride and Fluorine Gas Market Segments Analysis
Global Nitrogen Trifluoride and Fluorine Gas Market is segmented by Type, Nitrogen Triflouride Application, Flourine Gas Applications and region. Based on Type, the market is segmented into Chemical Synthesis and Electrolyzing Synthesis. Based on Nitrogen Triflouride Application, the market is segmented into Semiconductor Displays, Flat Panel Displays and Solar Cells. Based on Flourine Gas Applications, the market is segmented into Uranium Enrichment, Electronic Cleaning and Sulphur Hexafluoride. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Type
By type, the market can be segmented into gas and liquid. The gas segment is expected to dominate the market share due to its widespread use in various applications such as electronics, metallurgy, and healthcare. The demand for Nitrogen Trifluoride and Fluorine Gas in its gas form is expected to continue to rise due to its superior properties such as non-corrosiveness, and non-flammability, which make it an ideal choice for a wide range of industries.
On the other hand, the liquid segment is expected to witness the fastest growth during the forecast period due to the increasing demand for liquid Nitrogen Trifluoride and Fluorine Gas in the semiconductor industry. The semiconductor industry requires high-purity liquid Nitrogen Trifluoride and Fluorine Gas for cleaning and etching silicon wafers, and this demand is expected to rise with the growth of the semiconductor industry.
Analysis by Application
By application, the market can be segmented into electronics and chemicals. The Electronics segment is a dominating application segment in the Global Nitrogen Trifluoride and Fluorine Gas Market. Nitrogen trifluoride is used in the semiconductor industry for cleaning and etching of silicon wafers during the manufacturing process. This segment has been experiencing a steady growth rate over the years due to the increasing demand for electronic devices and semiconductors across the globe.
On the other hand, the Chemicals segment is the fastest growing application segment in the global market. Nitrogen trifluoride and fluorine gas are widely used in the chemical industry as reagents and reactants for the synthesis of various chemicals such as refrigerants, polymers, and pharmaceuticals. The demand for these chemicals has been increasing due to their wide range of applications in various industries, such as construction, automotive, and healthcare.
Global Nitrogen Trifluoride and Fluorine Gas Market Size By Type, 2022 (%)
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Nitrogen Trifluoride and Fluorine Gas Market Regional Insights
North America dominated the global nitrogen trifluoride and fluorine gas market, with the United States being the largest market in the region. The region's dominance is attributed to the increasing demand for these gases in the electronics industry, which is a significant contributor to the region's economy. The region has a well-established electronics industry that requires nitrogen trifluoride and fluorine gas for cleaning and etching purposes, which has contributed to the growth of the market. The presence of several key players in the region has also helped in the growth of the market.
On other hand, the Asia-Pacific (APAC) region is expected to emerge as the fastest-growing market for nitrogen trifluoride and fluorine gas due to the increasing demand from the electronics and chemical industries. The region's growth can be attributed to the increasing investments by multinational companies in emerging economies such as China and India. The electronics industry is a major contributor to the growth of the market in the APAC region, with the increasing demand for smartphones, tablets, and other electronic devices.
Global Nitrogen Trifluoride and Fluorine Gas Market By Geography, 2022-2030
- Largest
- Fastest
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Nitrogen Trifluoride and Fluorine Gas Market Dynamics
Nitrogen Trifluoride and Fluorine Gas Market Drivers
Increasing demand for electronic devices
- One non-plagiarized driver of growth for the Global Nitrogen Trifluoride and Fluorine Gas Market is the increasing demand for electronic devices. Nitrogen trifluoride is used in the manufacturing of semiconductors, which are used in electronic devices such as smartphones, tablets, and laptops. With the growing global population and increasing use of electronic devices, the demand for semiconductors is also increasing. This, in turn, is driving the demand for nitrogen trifluoride and fluorine gas, which are essential in the production of semiconductors.
Nitrogen Trifluoride and Fluorine Gas Market Restraints
Strict regulatory framework
- One of the key restraints for the Global Nitrogen Trifluoride and Fluorine Gas Market is the strict regulatory framework regarding the usage and disposal of these gases. Nitrogen trifluoride is a potent greenhouse gas with a global warming potential much higher than carbon dioxide, and its emissions are strictly regulated by various environmental protection agencies around the world. Similarly, fluorine gas is a highly toxic gas that requires careful handling and disposal to prevent environmental and health hazards.
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Nitrogen Trifluoride and Fluorine Gas Market Competitive Landscape
The Global Nitrogen Trifluoride and Fluorine Gas Market is highly competitive, with several international and regional players operating in the market. These companies are focusing on expanding their product portfolios, increasing their production capacities, and developing advanced technologies to gain a competitive edge in the market. Additionally, collaborations and partnerships with other players.
Top Players in Nitrogen Trifluoride and Fluorine Gas Market
- SK Materials (South Korea)
- Kanto Denka Kogyo Co., Ltd. (Japan)
- Air Products (USA)
- Central Glass Co., Ltd. (Japan)
- American Gas (USA)
- Linde plc (UK/Ireland)
- OCI Materials Co. (South Korea)
- Formosa Plastics Corporation U.S.A. (USA)
- Mitsui Chemicals Inc. (Japan)
- Ulsan Chemical Co. Ltd. (South Korea)
- IPG Photonics Corporation (USA)
- Showa Denko K.K. (Japan)
- Matheson Tri-Gas (Japan/USA)
- Advance Research Chemicals, Inc. (USA)
- Gulf Cryo (UAE)
- Taiyo Nippon Sanso Corporation (Japan)
Recent Developments
- In March 2023, Daikin Industries announced the construction of a new fluorine plant in Japan, which is expected to start operations in 2025 and will support the increasing demand for fluorine in the electronics industry.
- In January 2022, Honeywell announced the completion of its acquisition of Fluorine Products business from Solvay, which is expected to expand its portfolio of advanced materials and technologies.
- In December 2021, Solvay announced the acquisition of Henkel's fluorine-based products business, which includes products such as refrigerants, solvents, and other fluorine-based specialties.
- In June 2021, Showa Denko K.K. announced plans to expand its production capacity for high-purity fluorine gas in Japan, with operations expected to start in 2022.
Nitrogen Trifluoride and Fluorine Gas Key Market Trends
- One key market trend in the global nitrogen trifluoride and fluorine gas market is the increasing demand for these gases in the electronics industry. The growing use of electronic devices such as smartphones, laptops, and tablets is driving the demand for nitrogen trifluoride and fluorine gas, which are used in the manufacturing of semiconductors and other electronic components. With the increasing demand for high-performance electronic devices, the demand for these gases is expected to continue to grow in the coming years.
Nitrogen Trifluoride and Fluorine Gas Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Nitrogen Trifluoride and Fluorine Gas Market analysis, the market is expected to witness significant growth in the coming years due to the increasing demand for these gases in the electronics and chemical industries. The electronics segment is a dominating application segment, while the chemicals segment is the fastest-growing application segment. However, the market growth may be restrained by the strict regulatory framework regarding the usage and disposal of these gases. The market is highly competitive, with several international and regional players operating in the market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 4.5 billion |
| Market size value in 2032 | USD 5.57 billion |
| Growth Rate | 2.4% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Nitrogen Trifluoride and Fluorine Gas Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Nitrogen Trifluoride and Fluorine Gas Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Nitrogen Trifluoride and Fluorine Gas Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Nitrogen Trifluoride and Fluorine Gas Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Nitrogen Trifluoride and Fluorine Gas Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Nitrogen Trifluoride and Fluorine Gas Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Nitrogen Trifluoride and Fluorine Gas Market Report Snapshots
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