Press release
Semiconductor Gases Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033
Semiconductor Gases Market
The semiconductor gases market size is expected to see strong growth in the next few years. It will grow to $12.63 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to Internet of things (IoT) expansion, electric vehicle market growth, supply chain resilience, green semiconductor manufacturing, artificial intelligence (AI) integration. Major trends in the forecast period include shift towards 3D NAND technology, emergence of 5G technology, rapid technological evolution, advancements in semiconductor technology, transition to 450mm wafers.
Market Overview -
Semiconductor gases are a class of gases utilized in the semiconductor manufacturing process. These gases are utilized to deposit, etch, and clean various materials throughout the semiconductor production process.
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Semiconductor Market Surge Drives Semiconductor Gas Demand
The rising demand for semiconductors is expected to propel the growth of the semiconductor gas market going forward. The electrical conductivity of semiconductors, which are crystalline solids, lies in the middle of that of insulators and conductors. Semiconductor gases play a critical role in the manufacturing of semiconductors. They are used in various processes, such as chemical vapor deposition (CVD), etching, and cleaning. Semiconductor gases are used extensively in the manufacturing process of semiconductors, and as the demand for semiconductors increases, so does the demand for semiconductor gases. For instance, in February 2023, the Semiconductor Industry Association, a US-based trade association representing the US semiconductor industry, stated that worldwide semiconductor sector sales totaled $574.1 billion in 2022, the highest-ever yearly total and a 3.3% rise over the $555.9 billion total in 2021. Therefore, the rising demand for semiconductors is boosting the semiconductors gases market.
Competitive Landscape -
Major companies operating in the semiconductor gases market report are Air Water Inc., Air Liquide Ltd., Solvay SA, Air Products and Chemicals Inc., American Gas Product, Showa Denko K.K., Taiyo Nippon Sanso Corporation, Iwatani Corporation, Toho Gas Co Ltd., Tokuyama Corporation, Westfalen AG, Hyosung TNC Corporation, Messer Group GMBH, Nippon Gases Co Ltd., Ichor Systems Inc., Ube Industries Ltd., Sapura Specialty Gas, Osaka Soda Co Ltd., Matheson Tri-Gas Inc., Guangdong Huate Gas Co Ltd., REC Silicon ASA, Praxair Technology Inc., Indiana Oxygen Inc., Advanced Specialty Gases Inc, MG Chemicals, Yingde Gases, Tokyo Oxygen Co Ltd, Daiso Co Ltd., Tokai Denko Co Ltd.
Increasing Research And Development Activities Gaining Popularity In The Semiconductor Gas Market.
Major companies operating in the semiconductor gas market are focusing on research and development activities to develop advanced and unique products to sustain their position in the market. For instance, Merck & Co., Inc., a US-based pharmaceutical company, partnered with Micron Technology Inc., a US-based provider of cutting-edge memory and storage solutions, to provide gas solutions with a low global warming potential (GWP) utilized in the manufacturing of semiconductors. After working together iteratively for a year, Micron is now evaluating the performance of a new, lower-GWP Etch gas from Merck's Research & Development division to replace an older, higher-GWP substance.
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Key Segments -
The semiconductor gases market covered in this report is segmented -
1) By Type: Bulk Gases, Electronic Special Gases
2) By Process: Chamber Cleaning, Oxidation, Deposition, Etching, Doping, Other Processes
3) By Application: Semiconductor Component, Printed Circuit Board (PCBs), Displays, Solar (PV), Light Emitting Diode (LED), Other Applications
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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