Global Semiconductor Gases Market to Reach $13.81 Billion by 2029, Growing at 7.6% CAGR

What market dynamics are playing a key role in accelerating the growth of the semiconductor gases market?
The growth of the semiconductor gas market is anticipated to be fuelled by the increasing need for semiconductors. Semiconductors are crystalline solids whose electrical conductivity is intermediate between that of insulators and conductors. Semiconductor gases are vital in the production of semiconductors as they are used in several procedures such as chemical vapor deposition (CVD), etching, and cleaning. With the rising demand for semiconductors, the requirement for semiconductor gases also escalates. For example, the Semiconductor Industry Association, an American trade association advocating for the US semiconductor business, reported in February 2023 that global semiconductor industry sales reached $574.1 billion in 2022. This is the highest annual total ever and a 3.3% increase from the $555.9 billion total in 2021. Consequently, the growing need for semiconductors is propelling the market for semiconductor gases.

Get Your Semiconductor Gases Market Report Here:
https://www.thebusinessresearchcompany.com/report/semiconductor-gases-global-market-report

How will the growth rate of the semiconductor gases market shape industry trends by 2034?
In recent times, the semiconductor gases market has experienced robust growth. The market value, which is projected to be $9.66 billion in 2024, is anticipated to expand to $10.3 billion in 2025, showcasing a compound annual growth rate (CAGR) of 6.6%. The dramatic increase during this historical period is due to factors such as the development of the semiconductor industry, the reduction in size of electronic devices, worldwide trends in electronics manufacturing, the proliferation of clean room environments, and enhanced research and development initiatives.

In the coming years, the semiconductor gases market is projected to witness robust growth. The market worth is predicted to reach $13.81 billion in 2029, with a compound annual growth rate (CAGR) of 7.6%. Several factors such as the expansion of the Internet of Things (IoT), the rise of the electric vehicle industry, resilience of the supply chain, adoption of green manufacturing in semiconductor production, and the incorporation of artificial intelligence (AI) are contributing to this growth. The forecast period is expected to be marked by significant trends including the shift to 3D NAND technology, advent of 5G technology, swift technological progression, developments in semiconductor technology, and the shift to 450mm wafers.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=10523&type=smp

What trends are poised to drive the future success of the semiconductor gases market?
Key players in the semiconductor gas market, including major corporations, are prioritizing research and development to create distinct and innovative products so as to retain their market position. A case in point occurred in August 2022 when US pharmaceutical company, Merck & Co., Inc., entered a partnership with Micron Technology Inc., another US firm specializing in pioneering memory and storage solutions. Together they aim to produce gas solutions with a reduced Global Warming Potential (GWP) for use in semiconductor production. A year of joint iterative work has led Micron to examine the effectiveness of a less environmentally damaging Etch gas, recently developed in Merck's Research & Development division, to supersede an older, more harmful version.

Which primary segments of the semiconductor gases market are driving growth and industry transformations?
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

Subsegments:
1) By Bulk Gases: Nitrogen (N2), Oxygen (O2), Argon (Ar), Hydrogen (H2)
2) By Electronic Special Gases: Silane (SiH4), Ammonia (NH3), Carbon Dioxide (CO2), Hydrogen Chloride (HCl), Tetrafluoromethane (CF4)

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=10523

Which geographical regions are pioneering growth in the semiconductor gases market?
Asia-Pacific was the largest region in the semiconductor gases market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global semiconductor gas market report during the forecast period. The regions covered in the semiconductor gases market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the influential players reshaping the semiconductor gases market landscape?
Major companies operating in the semiconductor gases market include 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, Indiana Oxygen Inc., Advanced Specialty Gases Inc, MG Chemicals, Yingde Gases, Tokyo Oxygen Co Ltd, Tokai Denko Co Ltd.

Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=10523&type=smp

What Is Covered In The Semiconductor Gases Global Market Report?

•Market Size Forecast: Examine the semiconductor gases market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the semiconductor gases market for a structured understanding.
•Key Players Overview: Analyze major players in the semiconductor gases market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the semiconductor gases market.
•Segment Contributions: Evaluate how different segments drive overall growth in the semiconductor gases market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the semiconductor gases market.
•Industry Challenges: Identify potential risks and obstacles affecting the semiconductor gases market.
•Competitive Landscape: Review strategic developments in the semiconductor gases market, including expansions, agreements, and new product launches.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.