Nitrogen Trifluoride (NF3) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

Nitrogen trifluoride (NF3) is a colorless, odorless, toxic, non-flammable inorganic compound. It is widely used in the microelectronic and semiconductor industries. It is used in the manufacture of electronic components; liquid crystal displays (LCDs), solar cells and panel displays. NF3 is considered as eco-friendly substitute for per-fluorocarbons and sulfur hexachloride in all mentioned applications. High volume applications of NF3 include manufacturing of thin-film solar cells, flat panel displays and computer memory production.

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Burgeoning consumer electronics industry is expected to drive the NF3 market. Consumer electronics industry includes camera, home video, home theatre systems, video camera, tablet, phablets, smart phones, LCDs and computer peripherals. Semiconductors are indispensable components in consumer electronics products and NF3 is used in cleaning of silicon wafers of semiconductors. Growing demand for LCD televisions and other electronic products is expected to fuel the NF3 market. Rising disposable income and changing lifestyle in developing countries is driving consumer electronics market. In addition, increased solar power generation globally is expected to fuel the NF3 market. Solar power generation is renewable energy source and is being endorsed by governmental agencies across the globe. Governmental regulations and policies are driving solar power generation in developed as well as developing countries.

However, NF3 is green house gas and has 17,200 times higher global warming potential than CO2. This fact is expected to hamper the NF3 market. Furthermore, NF3 is toxic in nature which makes handling, storing and transportation of the chemical difficult and imposed regulations for all these activities are expected to inhibit market growth. For example, Kyoto protocol and Greenhouse Gas Protocol (GHG) have added NF3 into the list of green house gases after considering the environmental effects of this gas.

Research and development activities are expected to provide immense opportunities for the players in this market. Research associations and end product manufacturers will need to invest heavily in technological advancement and upgrading technologies to stop leaching out of NF3 in all the applications to avoid environmental damage.

Asia Pacific emerged as the largest market for nitrogen trifluoride (NF3) in terms of production and consumption. Growing consumer electronics and semiconductor industries in Japan, China and South Korea is expected to drive the demand in this region. Furthermore, demand is expected to be fueled by augmenting demand from flat panel display industry. Asia Pacific was followed by North America in terms of consumption. Demand for NF3 in North America and European countries is expected to be affected by adoption of Kyoto and GHG protocol. Hence, market in North America is expected to grow at slower pace. Europe is expected to grow at moderate rate due to growing solar power generation. Research and development activities for technological advances that will stop leaching of NF3 in these applications are being tested in the European Universities. The consumption of NF3 was low in Rest of the World as compared to other regions. NF3 in the region is gaining demand due to rising consumer electronics industry in the region owing to rising disposable income.

Global market for nitrogen trifluoride is characterized by high degree of fragmentation. There is large number of manufacturers present in the market. Major players compete on the basis of marketing strategies and distribution channel. Hence, major players form joint ventures or partnerships with local players to penetrate in the market.

Some of the key players in nitrogen trifluoride market include Huntsman Corporation, Kanto Denka Kogyo, Solvay Chemicals, BASF SE, Central Glass Co. Ltd., The Dow Chemical Company, Eastman Chemical Company, Rhodia Chemicals, Akzo Nobel N.V., Air Products and Chemicals, Inc., American Gas Group, Mitsui Chemicals, Inc., Anderson Development Company, Ulsan Chemical Company Limited and Ashland among others.

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