Nitrogen trifluoride is the inorganic compound with the formula NF3. This nitrogen-fluorine compound is a colorless, odorless, nonflammable gas.
Market Analysis and Insights: Global Nitrogen Trifluoride (NF3) (MCP-1381) Market
Due to the COVID-19 pandemic, the global Nitrogen Trifluoride (NF3) (MCP-1381) market size is estimated to be worth US$ 1456 million in 2022 and is forecast to a readjusted size of US$ 2999.3 million by 2028 with a CAGR of 12.8% during the review period. Fully considering the economic change by this health crisis, Chemical Synthesis accounting for % of the Nitrogen Trifluoride (NF3) (MCP-1381) global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Semiconductor Chips segment is altered to an % CAGR throughout this forecast period.
Global Nitrogen Trifluoride (NF3) (MCP-1381) key players include SK Materials, Hyosung, Kanto Denka Kogyo, etc. Global top three manufacturers hold a share about 45%.
China is the largest market, with a share about 40%, followed by Japan, and South Korea, both have a share over 45 percent.
In terms of product, Electrolyzing Synthesis is the largest segment, with a share nearly 90%. And in terms of application, the largest application is Semiconductor Chips, followed by Flat Panel Display, Solar Cells.
Global Nitrogen Trifluoride (NF3) (MCP-1381) Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Nitrogen Trifluoride (NF3) (MCP-1381) Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Chemical Synthesis
Electrolyzing Synthesis
Segment by Application
Semiconductor Chips
Flat Panel Display
Solar Cells
By Company
SK Materials
Hyosung
Kanto Denka Kogyo
Versum Materials
PERIC
Mitsui Chemical
Liming Research Institute of Chemical Industry
Shandong FeiYuan
Central Glass
Production by Region
North America
Europe
China
Japan
South Korea
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina