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Nitrogen Trifluoride Market to trace exponential gain till 2025; boosted by the flat panel display manufacturing industry

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Asia Pacific Nitrogen Trifluoride Market is expected to witness significant growth of over 11% during the projected period

— Nitrogen Trifluoride Market growth will be driven by increasing flat panel display manufacturing industry owing to rising demand for smartphones and tablets. NF3 is primarily used in chamber cleaning application in manufacturing of flat panel display and expected to witness growth of over 12% during the projected timespan. Growth of flat panel display industry driven by increase in size of smart phones, coupled with decline in prices, high consumer disposable income, as well as technology advancements in manufacturing processes is expected to have positive impact on growing demand for NF3 from the flat panel display industry.

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Asia Pacific nitrogen trifluoride market is expected to witness significant growth of over 11% during the projected period owing to strong growth in electronics manufacturing industry primarily in China, Taiwan, South Korea, and Japan. Presence of major semiconductor, flat panel display, LED fabrication facilities have major impact on regional demand. Increasing investment by electronics manufacturing companies in Singapore, Thailand, and Malaysia have a positive impact on NF3 demand.

Nitrogen trifluoride with extremely high purity above 99.999% are used in semiconductor, flat panel display, LED and solar PV cell manufacturing industry primarily for cleaning of process chambers. Semiconductor accounted for around 70% the total market share by 2025. Growing semiconductor industry, fab operators demand higher volumes of ultra-pure gases and chemicals to offer premium quality, reliable, consistent, rigorously measured and more sustainable semiconductor manufacturing process, may fuel nitrogen trifluoride market demand.

Nitrogen fluoride gas in an integral part of solar PV cell manufacturing industry and expected to witness growth at over 11.5% owing to rising thin film Si technology in the solar industry. Wide range of high purity bulk and specialty gases as well as wet chemicals are used in solar cell processing in etching or texturization, doping, anti-reflective coating deposition, and various cleaning steps which plays vital role in solar cell performance, thereby driving the nitrogen trifluoride market growth.

Browse key industry insights spread across 135 pages with 72 market data tables and 27 figures & charts from the report, “Nitrogen Trifluoride Market" in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/nitrogen-trifluoride-nf3-market

Nitrogen trifluoride market is consolidated with few large market players accounting for significant market share. Linde, Praxair, Air Liquid, and Air Products and Chemicals are among the key industrial participants. Companies are investing heavily in in broadening their product mix with high purity NF3 along with expanding production capacities to cater rising demand from the application industries.

Major Point From Table Of Content:

Chapter 4 Nitrogen Trifluoride Market, By Application

4.1 Key application trends

4.2 Semiconductor

4.2.1 Global nitrogen trifluoride market from semiconductor, 2014-2025, (Kilo Tons) (USD Million)

4.2.2 Global nitrogen trifluoride market from semiconductor, by region, 2014-2025, (Kilo Tons) (USD Million)

4.3 Flat panel displays

4.3.1 Global nitrogen trifluoride market from flat panel displays, 2014-2025, (Kilo Tons) (USD Million)

4.3.2 Global nitrogen trifluoride market from flat panel displays, by region, 2014-2025, (Kilo Tons) (USD Million)

4.4 LED

4.4.1 Global nitrogen trifluoride market from LED, 2014-2025, (Kilo Tons) (USD Million)

4.4.2 Global nitrogen trifluoride market from LED, by region, 2014-2025, (Kilo Tons) (USD Million)

4.5 Solar PV cells

4.5.1 Global nitrogen trifluoride industry from solar PV cells, 2014-2025, (Kilo Tons) (USD Million)

4.5.2 Global nitrogen trifluoride industry from solar PV cells, by region, 2014-2025, (Kilo Tons) (USD Million)

4.6 Others

4.6.1 Global nitrogen trifluoride industry from other application, 2014-2025, (Kilo Tons) (USD Million)

4.6.2 Global nitrogen trifluoride industry from other application, by region, 2014-2025, (Kilo Tons) (USD Million)

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/nitrogen-trifluoride-nf3-market

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Source URL: https://marketersmedia.com/nitrogen-trifluoride-market-to-trace-exponential-gain-till-2025-boosted-by-the-flat-panel-display-manufacturing-industry/88928017

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Release ID: 88928017

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