APAC to Dominate Specialty Electronic Gases Market until 2025
According to TechSci Research report, “Global Specialty Electronic Gases Market By Type (Nitrogen trifluoride, Tungsten hexafluoride, Hydrogen chloride, Ammonia, Disilane, High-purity carbon dioxide, Nitrous oxide and Others), By Application (Deposition, Etching, Doping & Lithography and Others), By End-Use (Semiconductor, Printed Circuit Boards, Display, Solar and Others) By Mode Of Distribution (Onsite / Pipeline, Tanker, Cylinder), By Region, Competition, Forecast & Opportunities, 2025”, global specialty electronic gases market is expected to grow at formidable CAGR over the forecast period. Surging demand for integrated circuits (IC) due to its various applications in multiple electronic products like automotive, computer, mobile phones, among others is responsible for the growth of the global specialty electronic gases market. This is because, over 20 different gases are needed in order to produce an integrated circuit. Moreover, mounting requirement for high purity, particle and contaminant free electronic specialty gases by semi-conductor manufacturers is further expected to bode well for the growth of global specialty electronic gases through the forecast period. In addition to this, major companies across the globe are shifting their focus towards research and development activities in order to increase the investment in electronic manufacturing sector, which is anticipated to positively influence the growth of global specialty electronic gases market in the years to come. However, volatility in prices of specialty gases is the major factor that might restrain the growth of global specialty electronic gases market through 2025.
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Global specialty electronic gases market can be segmented based on type, application, end-use, company and region. Considering the end-use, the market is fragmented into semiconductor, printed circuit boards, display, solar and others. The semiconductor segment dominated the global specialty electronic gases market in terms of largest market share until 2019 and is further anticipated to maintain its leading position during the forecast period as well on account of increasing growth in the downstream applications of electronics industry predominantly semiconductor market. Along with this, operations such as oxidation, deposition, etching, sputtering and doping requires high purity gases as contaminations can lead to variations in the properties of semiconductors, thereby bolstering the segment growth across the globe.
Linde PLC, Air Products, Air Liquide, Messer Group, Taiyo Nippon Sanso Corporation (TNSC), Hangzhou Hangyang Co., Ltd., Iwatani Corporation, Showa Denko KK, Jinhong Gases, Solvay SA, Core Gases, Sumitomo Seika Chemicals Company Limited, SK Materials, Concorde Specialty Gases, Critical Systems Inc. are among others are the leading players operating in global specialty electronic gases market. The leading players are adopting several growth strategies to enhance the market scenario of specialty electronic gases. Other competitive strategies include mergers & acquisitions to diverse their product portfolio in order to strengthen their market position.
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“Asia-Pacific is forecast to dominate the global specialty electronic gases market terms of both value and volume during the next 5 years on the account of high demand for specialty electronic gases from countries like China, Japan, Taiwan and South Korea. Furthermore, ease of doing business in developing nations is attracting investors from all over the world, strengthening the electronics manufacturing base in the region. As a result, demand from high efficiency electronic devices manufactured in Asian countries is expected to boost the consumption of specialty electronic gases until 2025.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Specialty Electronic Gases Market By Global Specialty Electronic Gases Market, By Type (Nitrogen trifluoride, Tungsten hexafluoride, Hydrogen chloride, Ammonia, Disilane, High-purity carbon dioxide, Nitrous oxide and Others), By Application (Deposition, Etching, Doping & Lithography and Others), By End-Use (Semiconductor, Printed Circuit Boards, Display, Solar and Others) By Mode Of Distribution (Onsite / Pipeline, Tanker, Cylinder), By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of global specialty electronic gases market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global specialty electronic gases market.
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