Nitrogen Trifluoride Market Challenges, Key Players, Industry Segments, Development, Opportunities, Forecast Report 2021

Global Nitrogen Trifluoride: Market Overview:
Nitrogen Trifluoride offers the advantages of relative ease of use at ambient conditions and the ability to act as a fluorinating agent. Because of these factors, Nitrogen Trifluoride has gained commercial acceptance in a number of end use applications. The electronics industry uses Nitrogen Trifluoride in plasma and thermal cleaning applications because the gas outperforms other alternatives, it is easier and safer to handle, and it helps to reduce greenhouse gas emissions.it has other advantages also, such as high etch rates, high selectivity, carbon-free etching, and minimal residual contamination.

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Global Nitrogen Trifluoride Market Major Players:
Some of the major players in the Global Nitrogen Trifluoride Market are as: 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.

Nitrogen Trifluoride is an inorganic compound which is used as an etchant in microelectronics. It is chemically known as NF3. It is a colorless, odorless, nonflammable, and oxidized compressed gas. It is Very toxic by inhalation, slightly soluble in water. Under prolonged exposure to fire or heat the containers may rupture violently and it is also used to make other chemicals and components of rocket fuels. It is 2.5 times heavier than air and will tend to settle in low-lying areas. Nitrogen Trifluoride is a stable chemical. It is safe to transport and store. At high temperatures, nitrogen Trifluoride becomes less stable. It will split into fluorine radicals that react with most materials.

Global Nitrogen Trifluoride: Market Segmentation
The Global Nitrogen Trifluoride market can be segmented into product types, material types, application types.

Nitrogen Trifluoride Market on the basis of product type:

TON Cylinders
ISO Containers
Bundles
Air check monitors
Others
Nitrogen Trifluoride Market on the basis of Material Type:

Magnesium steel (Mn steel)
Chromium- Molybdenum alloy steel (Cr-Mo steel)
Others
Nitrogen Trifluoride Market on the basis of Application Type:

Semiconductors
Solar cells
Flat panel displays
Air check products
Others
Global Nitrogen Trifluoride: Market Application
Nitrogen Trifluoride has been used in various applications such as: Used for cleaning CVD Chamber or etching vapor deposition layer (film) during the production process of semiconductor, TFT-LCD and solar cell. It boasts of purity level of more than 99.99%. As comparison with other products, NF3 offers customers’ significant reductions in emissions, throughput increases of up to 30%, longer chamber life and faster clean rates. Nitrogen Trifluoride is also used as a fluorine source in high-energy chemical lasers, owing to its ease of use relative to fluorine gas. Nitrogen Trifluoride is also used as an intermediate in the production of specialized chemicals. Nitrogen Trifluoride is available in a variety of grades and at purity levels in excess of 99.999% due to advanced purification techniques developed by Air Products.

Global Nitrogen Trifluoride Market: Growth Influencer
Nitrogen Trifluoride demand is expected to rise over the forecast period due to application in solar cells. With increasing environmental concern and lucrative policies implemented by government for installation of solar power units, there is a drastic increase in solar panel demand. Semiconductor is the principal growth driver of Nitrogen Trifluoride market because of rise in demand for electronic gases in the semiconductor and solar cell industries continues to outpace global GDP growth by more than two times.

Consumer electronics is also driving the Nitrogen Trifluoride market, Semiconductors are indispensable components in consumer electronics products and Nitrogen Trifluoride is used in cleaning of silicon wafers of semiconductors. Growing demand for LCD televisions and other electronic products is expected to fuel the Nitrogen Trifluoride market. Rising disposable income and changing lifestyle in developing countries is driving consumer electronics market.

However, the toxic nature of Nitrogen Trifluoride making it difficult to handle, store and transport, also imposed regulations for handling and storing the gas is constraining the market growth of Nitrogen Trifluoride.

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Global Nitrogen Trifluoride Market Regional Analysis:
The regional analysis includes North America, Europe, Asia Pacific, Middle East and rest of the world.

Nitrogen Trifluoride (NF3) Market is expected to reach more than USD 2 billion during the forecasted period. The Global Nitrogen Trifluoride demand is been expected to grow with a CAGR of more than 13% during the forecasted period. One of the major applications of Nitrogen Trifluoride market i.e. flat panel display is also expected to grow with a CAGR of more than 13 % during the forecasted period.

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