Nitrogen Trifluoride Market 2021 Business Trends In Chemical Industry: Mitsui Chemicals, Kanto Denka Kogyo, SK MATERIALS, HYOSUNG, The Linde Group, FOOSUNG Group, Central Glass, Navin Fluorine International, Formosa Plastics Corporation

Nitrogen Trifluoride Market Report provides detailed analysis of Growth Factors of the market as well as it gives an analysis of the Market size, Latest trends, SWOT Analysis by Regions and Forecasted market research data until 2025. The Nitrogen Trifluoride market report has studied key opportunities in the market and influencing factors which are useful to the business. The report also maps the qualitative and quantitative impact of various market factors like macro-economic indicators, PPP, Epidemiological data, Insurance scenario and patent and IP information, Government Policies and business regulations along market attractiveness as per segments.

According to this study, over the next five years the Nitrogen Trifluoride market will register a 6.9%% CAGR in terms of revenue, the global market size will reach $ 1113.3 million by 2025, from $ 853.1 million in 2019.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Nitrogen Trifluoride Market: Mitsui Chemicals, Kanto Denka Kogyo, SK MATERIALS, HYOSUNG, The Linde Group, FOOSUNG Group, Central Glass, Navin Fluorine International, Formosa Plastics Corporation, Praxair Technology, Ulsan Chemical, Air Products and Chemicals and others.

Industry News and Updates:

Hyosung Plans To Increase Nitrogen Trifluoride Production In South Korea, China

January 13, 2016: South Korean company Hyosung is planning to increase the production of Nitrogen Trifluoride (NF3) by establishing and adding production plants in South Korea, China. NF3 is a chamber cleaning gas used to build semiconductors, flat panel displays and other electronics. As per the expansion plan, Hyosung's chemical business is expecting to invest around KRW200bn ($165.77m) to build a new NF3 production plant in Quzhou, a city in China's southwestern Zhejiang province. The proposed plant, with a capacity of 2,500t per year, is scheduled to be completed by first the half of 2017.

Additionally, the company will invest another KRW100bn ($82.88m) in its Ulsan plant in South Korea to increase the production capacity of the plant by 1,250t a year. The Ulsan plant's new production unit will be operational in March this year.
SK Materials diversifies semiconductor materials business

2019.01.1: SK Materials diversifies its semiconductor specialty materials business. With the expansion of the demand, SK Materials made investments in facility expansion, industrial gas, precursors, and etch gases, and it has recently entered the high-function wet chemical business. Wet chemical is one of the semiconductor pre-processing materials. As the number of 3D NAND flash laminates increases, the etch process has become important, and the role of high selectivity non-phosphorous (HSN), the key material, has increased. The company develops and sells related products with LTCAM, a semiconductor materials and equipment company.

Last year's results were KRW 512.3 billion in sales and KRW 147.7 billion in operating profit. It is the highest ever in SK Material’s history. For five years, the sales and operating profit grew at a CAGR of 28% and 113%, respectively. As the business expands, 68 people were hired in 2016 and 226 people in 2017. As of November 2018, 872 employees are working in the company plus subsidiaries.

A high-performance wet chemical is suitable for TANOS (TANOS:Ta/AlO(Oxide)/Nitride/Oxide/Si), one of the 3D NAND flash device technologies. Tanos uses tantalum (Ta) instead of silicon on the top surface of a SONOS (SONOS: Si/MTO(Oxide)/Nitride/Oxide/Si) device that stores insulating film data. The cell is deposited and then the metal gate (Gate Last) is finally formed in the nitride.

SK Materials, Hyosung Chemical’s NF3 gas ‘selling like hotcakes’

Feb 4, 2021: SK Materials and Hyosung Chemical’s NF3 gas is enjoying an unprecedented boost in sales as demand for semiconductors and displays have spiked amid the pandemic. NF3, short for nitrogen trifluoride, is a special type of gas used during the manufacturing process of semiconductor, display and solar panels. The gas removes residue left on inner walls of the manufacturing chamber.

“Thanks to the recovery of global chip and display industries, NF3 is currently selling like hotcakes,” Kiwoom Securities analyst Lee Dong-wook said.

According to SK Materials, the world’s No.1 NF3 producer with an annual production capacity of 12,000 metric tons, is barely keeping up with the demand.  “SK Materials is running NF3 production facilities at full capacity as demand for automotive displays and LCD has surged during the pandemic. Also, the semiconductor industry is set to enter a ‘super cycle’ this year,” a company official said.

Meanwhile, Hyosung Chemical, the world’s second largest NF3 producer with a capacity of 4,550 tons, exported about 4,000 tons of NF3 last year, compared to less than 3,000 tons in 2019, according to Korea International Trade Association data. 

Global Nitrogen Trifluoride Market Split by Product Type and Applications:

This report segments the market on the basis of Types are:

0.9999
0.9998

On the basis of Application, the market is segmented into:

Etching Agent
Abluent
Fluridizer
Oxidizing Agent
Additive for Combustion

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Regional Analysis For Nitrogen Trifluoride Market:

For comprehensive understanding of market dynamics, the global Nitrogen Trifluoride market is analyzed across key geographies namely:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Nitrogen Trifluoride Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger and acquisitions along with trending innovation and business policies are reviewed in the report. The report contains basic, secondary and advanced information pertaining to the Market global status and trend, market size, share, growth, trends analysis, segment and forecasts from 2021–2025.                 

Key Points of Nitrogen Trifluoride Market Table of Contents:

-Market Overview: The report begins with this section where a product overview and key content on the product and application segments of the global Halal Foods market are provided. The highlights of the segmentation study include price, revenue, sales, sales growth rate, and market share by product.

-Competition by company: Here we analyze the competition of the global Nitrogen Trifluoride market, by company price, revenue, sales and market share, market share, competitive landscape, and latest trends, mergers, expansions, acquisitions, and market share of top companies.

-Company Profile and Sales Data: As the name suggests, this section provides sales data and useful information about the business of key players in the global Nitrogen Trifluoride market. It describes the key businesses of gross margin, price, revenue, products and specifications, types, applications, competitors, manufacturing base, and key players operating in the global Nitrogen Trifluoride market.

-Market Forecast: Here the report provides a full forecast for the global Nitrogen Trifluoride market by product, application, and region. It also provides global sales and revenue forecasts for all years in the forecast period.

-Research Results and Conclusion: One of the last sections of the report where analyst findings and findings are provided.

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Due to the onset of COVID-19 pandemic, several economies across the world have experienced harsh economic downturn. The industrialists across North America, Europe, Asia Pacific, Latin America and Middle East and Africa were facing problems due to changing preferences of the customers and demand fluctuation. The market research report covers pre-Covid-19 data for the Nitrogen Trifluoride market in years 2018 and 2020. Further, the report also covers forecast Covid-19 data from 2021 to 2027, which provides future outlook of the market for the manufacturers and suppliers.

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