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Posted by freeamfva on July 9, 2024 at 11:11pm 0 Comments 0 Likes
The global Chlorine Trifluoride Market size is expected to reach USD 62.98 million by 2028 registering a CAGR of 4.2% over the forecast period, according to a new report by Grand View Research, Inc. The demand for the product is expected to be driven by the rapidly growing semiconductor industry. The industry dynamics of chlorine trifluoride (CIF3) are largely influenced by application markets, such as nuclear fuel processing and semiconductor production. Rapid digitalization and automated industrial manufacturing solutions have led to high penetration of electronic gadgets and components on a global scale, which requires various chemicals for constant maintenance and cleaning purposes. In the semiconductor industry, CIF3 is extensively utilized to clean chambers of chemical vapor deposition.
The major advantage is that the process of cleaning can be carried out without dismantling the chamber walls as ClF3 doesn’t require activation by plasma. The substance also finds application as a fluorinating agent in nuclear reactor fuel processing. Germany's ClF3 gas market is majorly driven by a high concentration of major semiconductor manufacturers across the country. The country is the largest producer of electronics products globally and is one of the largest exporters of semiconductor equipment. Production of industrial electronics accounted for about 50% of the total Europe CIF3 market share in 2020, which indicates noteworthy growth prospects for ClF3. Increasing demand for the gas, which results in a substantial decrease in emissions, longer chamber lifespan, and quicker cleaning rates, is expected to boost the market growth over the forecast period.
Related Press Release@ Chlorine Trifluoride Market Report
List of Key Players of Chlorine Trifluoride Market
Chlorine Trifluoride Market Report Highlights
Report Attribute |
Details |
Market size value in 2021 |
USD 46.98 million |
Revenue forecast in 2028 |
USD 62.98 million |
Growth Rate |
CAGR of 4.2% from 2021 to 2028 |
Base year for estimation |
2020 |
Historical data |
2017 - 2019 |
Forecast period |
2021 - 2028 |
Chlorine Trifluoride Market Segmentation
Grand View Research has segmented the global chlorine trifluoride market on the basis of application and region:
CIF3 Application Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)
CIF3 Regional Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)
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