Electronic Specialty Gas Market

Electronic Specialty Gas Market Study by Nitrogen Trifluoride, Tungsten Hexafluoride, Hydrogen Chloride, Ammonia, Disilane, High Purity Carbon Dioxide, SF6, and Hydrogen Fluoride from 2024 to 2034

Analysis of Electronic Specialty Gas Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Electronic Specialty Gas Market Outlook (2024 to 2034)

The global electronic specialty gas market size is analyzed to reach a valuation of US$ 4.34 billion in 2024 and further expand at a CAGR of 3.5% to end up at US$ 6.12 billion by the end of 2034. Demand for electronic gases is rising due to technological advancements in semiconductor chip production.

Specialty gases are crucial for microelectronics and semiconductor production, as they facilitate thin film deposition for enhanced hardness, wear resistance, and oxidation prevention, especially in aerospace coatings. This extends to specialty gases tailored for specific applications, including semiconductor manufacturing which utilizes a variety of gases, driving manufacturers to seek efficient solutions.

Calibration, zero, carrier, span, and bump test gases are used for diverse applications, from metal welding to analytical methods such as chromatography and infrared spectroscopy. The market attracts players from various sectors who primarily utilize gases like argon, carbon dioxide, helium, and other rare gases. These gases are mixed in precise compositions for use in different applications and materials, with carbon dioxide and carbon monoxide used for their oxidation control properties.

  • The market in Canada is forecasted to expand at a CAGR of 4.5% from 2024 to 2034.
Report Attributes Details
Electronic Specialty Gas Market Size (2024E) US$ 4.34 Billion
Forecasted Market Value (2034F) US$ 6.12 Billion
Global Market Growth Rate (2024 to 2034) 3.5% CAGR
Canada Market Growth Rate (2024 to 2034) 4.5% CAGR
China Market Value (2034F) US$ 1.35 Billion
North America Market Share (2024E) 28.6%
East Asia Market Share (2034F) 38.4%
Key Companies Profiled
  • Linde Plc
  • Air Products Chemical
  • Mitsui Chemicals
  • Showa Denko
  • Messer
  • Nippon Sanso Holdings Corporation
  • Ashland
  • Praxair
  • SCI Analytical

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What are the Noteworthy Electronic Specialty Gas Market Trends?

“Increasing Use of Energy-Efficient Lighting Systems”

One of the main applications of electrical specialty gases is LED lighting. Solid-state lighting is becoming more and more common, which is predicted to support the expansion of the electrical specialty gas market size. This is ascribed to the growing usage of LEDs for general illumination and backlighting in LCD televisions, wherein LED lights are replacing conventional lighting technologies like incandescent tubes and sodium vapor lamps.

Electronic specialty gases are used in LED production facilities to facilitate the epitaxial deposition of active semiconductor layers, which gives LEDs their distinctive brilliance. This has effectively given a thrust to electronic specialty gas manufacturers to boost the production of electronic specialty gases.

“Extensive Use of Electronic Specialty Gas in Metal Oxide Transistors as Cleaning Agent”

Need for premium display panels is rising with the popularity of consumer devices like smartphones, laptops, and televisions. Advancements in video technology, such as 4K and high-definition display systems, are boosting this demand.

One significant factor driving the electronic specialty gas market growth is their utilization in display panels. Electronic specialty gases play the role of cleaning agents in the production of metal oxide transistors. Metal oxide transistors facilitate the development of cutting-edge display technologies, including 3D, LCD, and OLED screens. Manufacturers are adapting to these heightened demands by altering their production methods to ensure the production of efficient display panels.

What are the Challenges Faced by Electronic Specialty Gas Suppliers?

“Handling Hazardous Materials and Complex Supply Chain for Raw Materials”

The semiconductor business is expanding at an unprecedented rate due to regulations governing the implementation of AI, AR, IoT, VR, automotive, and aerospace applications. Virtual learning, online gaming, and e-commerce have boosted the demand for mobile devices and personal computers due to the trend of remote work.

Many suppliers provide raw materials with diverse grades across regions. These include hazardous, corrosive, and high-pressure substances in various sizes and forms, which require cautious handling. Meeting increasing demand while maintaining standards of reliability, quality, and safety poses challenges for specialty gas suppliers. These obstacles are significantly impacting profitability and revenue streams. Suppliers are actively collaborating to address these challenges.

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Country-wise Insights

According to Fact.MR, the East Asia market is forecasted to expand at a CAGR of 4% from 2024 to 2034.

Which Trend in the United States are Electronic Specialty Gas Suppliers Leveraging?

“Increasing Production of Flat-Panel Displays for Everyday Appliances”

Attribute United States
Market Value (2024E) US$ 890 Million
Growth Rate (2024 to 2034) 3.9% CAGR
Projected Value (2034F) US$ 1.31 Billion

Nitrogen trifluoride is a colorless gas and is prominently used as a fluorine source in the electronic industry and high-power lasers. As a strong oxidizer, it is preferred as a substitute for greenhouse gases. This gas is being used extensively in the manufacturing process of flat-panel displays. The country is facing an increasing demand for flat panels in day-to-day electronic appliances, giving rise to the demand for electronic specialty gases such as nitrogen trifluoride. Manufacturers are capitalizing on this trend to increase their profit margins.

What is Leading to Expansion of the Market in China?

“Government Support for Renewable Energy Generation Boosting Solar Panel Installations”

Attribute China
Market Value (2024E) US$ 901.5 Million
Growth Rate (2024 to 2034) 4.1% CAGR
Projected Value (2034F) US$ 1.35 Billion

The Hailing district in China's Jiangsu Province is called the "solar city." The government aims to set up more such “solar cities,” which is supporting the shift towards renewable energy sources. Solar panel installations across the country are rising as a consequence. Production of these panels relies heavily on electronic specialty gases. Key gases utilized in the manufacturing process include silane and ammonia, used for plasma deposition to enhance the performance of solar panels with silicon nitride anti-reflective coatings.

Category-wise Evaluation

Since the advent of electronic specialty gases, they have been used in a variety of industries for various applications such as semiconductors, display panels, LED, solar panels, and electrical equipment. Demand for electronic specialty gases in semiconductor manufacturing is projected to rise at a CAGR of 4.5% from 2024 to 2034.

How is the Shift toward Renewable Energy Sources Driving Market Expansion?

“Extensive Use of Electronic Specialty Gas in Solar Panels for Enhanced Efficiency”

Attribute Solar Panels
Segment Value (2024E) US$ 1.34 Billion
Growth Rate (2024 to 2034) 3.2% CAGR
Projected Value (2034F) US$ 1.93 Billion

As the world moves toward renewable energy sources, the demand for solar panels is projected to gain traction in the years to come. These solar panels actively use such electronic specialty gases, especially silane, to enhance the efficiency and efficacy of solar panels. Therefore, the solar panel segment is estimated to occupy a dominant electronic specialty gas market share in 2024.

Know thy Competitors

Competitive landscape highlights only certain players
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Market Landscape

The market is competitive since it has many local and international participants. To weather the fierce competition and expand their market share, key players in the electronic specialty gas market are pursuing alliances, partnerships, collaborations, mergers, and agreements. In addition, producers of these gases are investing in the expansion of their manufacturing capabilities to meet the rising demand.

  • The first mega-scale green hydrogen production plant in the United States is projected to be developed in Texas thanks to an investment of US$ 4 billion announced in December 2022 by Air Products and Chemicals, Inc. and AES Corporation. This facility is being built to satisfy the nation's transportation and industrial sectors' increasing need for fuels with low carbon intensity.

Key Segments of Electronic Specialty Gas Market Research

  • By Type :

    • Nitrogen Trifluoride
    • Tungsten Hexafluoride
    • Hydrogen Chloride
    • Ammonia
    • Disilane
    • High Purity Carbon Dioxide
    • Sulfur Hexafluoride
    • Hexafluorobutadiene
    • Hydrogen Fluoride
  • By Application :

    • Semiconductors
    • Display Panels
    • LED
    • Solar Panels
    • Electrical Equipment
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

- FAQs -

How big is the electronic specialty gas market size in 2024?

The global market for electronic specialty gas stands at US$ 4.34 billion in 2024.

What is the projected revenue from electronic gas sales for 2034?

By 2034, worldwide revenue from electronic gas sales is projected to reach US$ 6.12 billion.

How fast are specialty gas sales projected to increase?

Electronic specialty gas sales are forecasted to increase at 3.5% CAGR through 2034.

What is the sales forecast for electronic gas in North America?

Electronic specialty gas sales in North America are forecasted to increase at 3.6% CAGR from 2024 to 2034.

At what rate is the market projected to expand in East Asia?

The market in East Asia is projected to expand at a CAGR of 4% from 2024 to 2034.

At what rate are sales forecasted to rise in Japan?

The market in Japan has been forecasted to rise at a CAGR of 3.2% from 2024 to 2034.

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Electronic Specialty Gas Market

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