Semiconductor Gases Market to Grow at 7.3% CAGR, Reaching $13.47 Billion by 2029

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Semiconductor Gases Market Outlook: How is the Market Expected to Grow by 2025?
The market for semiconductor gases has seen robust growth in the past few years. The market is anticipated to expand from $9.66 billion in 2024 to $10.16 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.1%. Factors contributing to this growth during the historical period include the expansion of the semiconductor industry, shrinking sizes of electronic devices, global manufacturing trends in electronics, introduction of clean room conditions, and research and development efforts.

Semiconductor Gases Market Forecast: What Size Will It Reach By 2029?
The market for semiconductor gases is projected to experience substantial growth in the coming years, with its size predicted to reach $13.47 billion in 2029, growing at a compound annual growth rate (CAGR) of 7.3%. This projected growth during the forecast period can be attributed to several factors, including the expansion of the Internet of Things (IoT), growth in the electric vehicle market, resilience of the supply chain, the adoption of green semiconductor manufacturing, and the integration of artificial intelligence (AI). Key trends anticipated during the forecast period consist of a shift towards 3D NAND technology, the advent of 5G technology, swift technological evolution, advancements in semiconductor technology, and a transition to 450mm wafers.

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Which Key Market Drivers Will Shape Semiconductor Gases Industry Trends in 2025-2029?
Anticipated growth in the semiconductor gas market is largely due to an increase in demand for semiconductors. Semiconductors, which are crystalline solids, have electrical conductivity levels that fall between that of insulators and conductors. The use of semiconductor gases is crucial in the semiconductor production process, especially in operations such as chemical vapor deposition (CVD), etching, and cleaning. Rising semiconductor requirements invariably surge the need for semiconductor gases. For example, in February 2023, the Semiconductor Industry Association, a trade group representing the United State's semiconductor industry, revealed that global semiconductor sector sales hit $574.1 billion in 2022, setting a new annual record and showing a 3.3% increase from the $555.9 billion total in 2021. Hence, increased demand for semiconductors is driving the growth of the semiconductor gas market.

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What Are the High-Growth Segments in the Semiconductor Gases Market?
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)

Which Global Trends Are Driving Semiconductor Gases Market Expansion?
Leading firms in the semiconductor gas market are prioritizing research and development to create innovative and unique products, helping them maintain their market stance. For example, in August 2022, US-based pharmaceutical corporation Merck & Co., Inc. collaborated with Micron Technology Inc., a US firm specializing in advanced memory and storage solutions, to offer gas solutions that have a lower global warming potential (GWP) and are used in semiconductor production. Following a year of collaborative effort, Micron is currently assessing the performance of a fresh, lower-GWP Etch gas produced by Merck's Research & Development team as a potential replacement for an older, higher-GWP compound.

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Who Are the Fastest-Growing Companies in the Semiconductor Gases Industry?
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.

What Is the Regional Outlook for the Semiconductor Gases Market by 2029?
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.

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