What is the global market size of Nitrogen Trifluoride and Fluorine Gas Market?

Nitrogen Trifluoride and Fluorine Gas Market size was valued at USD 3620 million in 2021 and is poised to grow from USD 3698 million in 2022 to USD 4234.23 million by 2030, growing at a CAGR of 1.6% in the forecast period (2023-2030).

Who are the key vendors in the Global Nitrogen Trifluoride and Fluorine Gas Market?

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. 'Air Products and Chemicals, Inc.', 'Air Liquide S.A.', 'The Linde Group', 'Solvay SA', 'Honeywell International Inc.', 'Mitsui Chemicals, Inc.', 'Praxair, Inc. (Linde plc)', 'Navin Fluorine International Ltd.', 'Stella Chemifa Corporation', 'American Gas Group', 'Arkema SA', 'Asahi Glass Co., Ltd.', 'Central Glass Co., Ltd.', 'Formosa Plastics Corporation', 'Gulf Fluor LLC', 'Kanto Denka Kogyo Co., Ltd.', 'Mexichem S.A.B. de C.V.', 'Pelchem SOC Ltd.', 'Royal Dutch Shell plc', 'Ube Industries, Ltd.', '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 Market Companies

Nitrogen Trifluoride and Fluorine Gas Market Competitive Landscape

Top Player’s Company Profiles

Air Products and Chemicals, Inc.
Air Liquide S.A.
The Linde Group
Solvay SA
Honeywell International Inc.
Mitsui Chemicals, Inc.
Praxair, Inc. (Linde plc)
Navin Fluorine International Ltd.
Stella Chemifa Corporation
American Gas Group
Arkema SA
Asahi Glass Co., Ltd.
Central Glass Co., Ltd.
Formosa Plastics Corporation
Gulf Fluor LLC
Kanto Denka Kogyo Co., Ltd.
Mexichem S.A.B. de C.V.
Pelchem SOC Ltd.
Royal Dutch Shell plc
Ube Industries, Ltd.

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.

FAQs

Nitrogen Trifluoride and Fluorine Gas Market size was valued at USD 4.61 Billion in 2024 and is poised to grow from USD 4.72 Billion in 2025 to USD 5.71 Billion by 2033, growing at a CAGR of 2.4% during the forecast period (2026–2033).

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. '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)'

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.

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.

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.

Nitrogen Trifluoride and Fluorine Gas Market

Report ID: SQMIG15A2124

Top Nitrogen Trifluoride and Fluorine Gas Companies

Nitrogen Trifluoride and Fluorine Gas Market Competitive Landscape

FAQs

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Top Nitrogen Trifluoride and Fluorine Gas Companies

Nitrogen Trifluoride and Fluorine Gas Market Competitive Landscape

FAQs

What is the global market size of Nitrogen Trifluoride and Fluorine Gas Market?

Who are the key vendors in the Nitrogen Trifluoride and Fluorine Gas Market?

What is the key driver of Nitrogen Trifluoride and Fluorine Gas Market?

What is the key market trend for Nitrogen Trifluoride and Fluorine Gas Market?

Which region accounted for the largest share in Nitrogen Trifluoride and Fluorine Gas Market?

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