Global Chlorine Trifluoride Market by Application (Nuclear Fuel Processing, Semiconductor Manufacturing) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
Summary of the Report
Global chlorine trifluoride market was worth USD 45.48 Million in 2020. It is projected to grow at a compound annual rate (CAGR of 4.2%) between 2021 and 2028. It is a colorless, highly reactive and corrosive inter-halogen compound that exists in gaseous form. Market growth is expected to be driven by the versatile use of chlorine trifluoride, (CIF3) in semiconductor manufacturing for cleaning purposes. The popularity of semiconductors has increased with the introduction of the 5G in the computing and communications industries. The combination of high disposable income and increased consumer electronics purchases is likely to increase demand for semiconductor manufacturing. This will positively impact the ClF3 industry's growth.
Concerns about the future availability of energy resources will be raised by the rising demand for clean power and decreasing fossil fuel reserves. These concerns encourage government officials and energy companies invest in the nuclear energy industry, increasing the production uranium. This is expected to increase the demand for Uranium Hexafluoride (UF6), which will in turn boost the ClF3 gas market growth.
The main components of the nuclear fuel processing process are front-end and back end processes. In this case, the preparation of uranium to be used in nuclear reactors is the first-end process. Management, disposal and preparation of radioactive material for nuclear fuels is followed by the back-end process. It is expected that the demand for chlorine trifluoride will rise due to its significant use in the conversion of uranium into a gaseous hexafluoride form of uranium in nuclear fuel processing.
In 1997-2007, high demand for personal computers was observed for both public and private use. However, the demand shifted to fast growing demand for semiconductors with the advent of smartphones. The market will be driven by Artificial Intelligence (AI), which is expected to drive sales to the tune of USD 30 Billion by 2022. These factors will fuel demand for semiconductor cleaning products in the future.
Although chlorine trifluoride is widely used in a variety of industries, it is classified as extremely toxic. This limits its use in many geographies. Eye damage, eye irritation, corneal ulceration and severe skin irritation can all result from prolonged contact with the substance. CIF3 can cause dangerous explosion hazards according to the New Jersey Department of Health and Senior Services.
Application Insights
In 2020, the semiconductor manufacturing segment dominated the global chlor trifluoride market and held a 39% revenue share. This segment is expected to grow at the fastest rate between 2021 and 2028 because of high product demand. It helps to eliminate solid deposits from the chamber walls without disassembling them. CIF3 can also be used in nuclear fuel processing, in the semiconductor industry's etching cleaning operations, as well as in many industrial-based applications.
It is used to produce uranium Hexafluoride, which can be used in nuclear reactors. Then it can be re-used by fluorination. The ClF3 market's primary growth driver is the growing demand for electronic goods in the global consumer electronics sector. The increasing demand for products in various markets stems from the use of semiconductor devices in communication, transport, computing, defense, health, and clean energy.
The aerospace sector is expected to continue to innovate and advance technologically, which will allow for the development of various rocket propellant fuel applications in different regions. This, in turn, will increase product demand. The funding of R&D activities to develop rocket propellant systems is being provided by major market players. This product is used to inhibit pyrolysis during production of fluorocarbon or fluoropolymer.
Regional Insights
Asia Pacific dominated the global market in 2020 with a more than 51% revenue share. Due to the high demand for nuclear fuel processing in countries like India and China, the regional market will grow at the fastest rate of CAGR between 2021-2025. A number of macroeconomic factors such as increasing disposable income and rapid urbanization will also drive the region's electronics market.
Due to increased investments in semiconductor chip manufacturing, South Korea's market is expected to see significant growth. Due to the high demand from electronic makers, the semiconductor manufacturing segment in South Korea accounted for more than USD 0.48million in 2020. This has a significant impact on the ClF3 Market. South Korea is a top-ranked semiconductor manufacturing country. It contributes to 57.7% global memory chip supply.
On account of factors such as environmental concerns growing and developments in the aerospace and semiconductor industries, the market in Europe will show moderate growth over the forecast years. Germany is the region's fastest growing country due to its many semiconductor producers. It is the world's largest producer of electronic products and the country with the largest semiconductor equipment export market. France's growing product demand is another factor that contributes to Europe's growth.
Market Share Insights & Key Companies
Future competitiveness will be impacted by partnerships and collaborations among existing industry players. Air Products, for example, formed a joint venture in October 2020 with ACWA Power to increase its production capacity by purchasing ACWA Power's power, gasification, and industrial gas assets.
Due to the many European and Asia Pacific manufacturers, the market is very concentrated in Europe and Asia Pacific. To meet the growing demand of its electronics customers, Linde, for instance, set up an air separator and a nitrogen generator in Taiwan in July 2021. The following are some of the major players in the global market for chlorine trifluoride:
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Central Glass
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Air Products and Chemicals, Inc.
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Air Liquide
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Advance Research Chemicals, Inc.
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Kanto Denka Kogyo Co. Ltd.
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Taiyo Nippon Sanso Corporation
Up Market Research published a new report titled “Chlorine Trifluoride Market research report which is segmented by Application (Nuclear Fuel Processing, Semiconductor Manufacturing), By Players/Companies Kanto Denka Kogyo Co Ltd, Air Products and Chemicals Inc, Advance Research Chemicals Inc, Air Liquide, Central Glass, Taiyo Nippon Sanso Corporation”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Scope
| Report Attributes | Report Details |
| Report Title | Chlorine Trifluoride Market Research Report |
| By Application | Nuclear Fuel Processing, Semiconductor Manufacturing |
| By Companies | Kanto Denka Kogyo Co Ltd, Air Products and Chemicals Inc, Advance Research Chemicals Inc, Air Liquide, Central Glass, Taiyo Nippon Sanso Corporation |
| Regions Covered | North America, Europe, APAC, Latin America, MEA |
| Base Year | 2020 |
| Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
| Forecast Year | 2028 |
| Number of Pages | 202 |
| Number of Tables & Figures | 142 |
| Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Chlorine Trifluoride Market Report Segments:
The market is segmented by Application (Nuclear Fuel Processing, Semiconductor Manufacturing).
Chlorine Trifluoride Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Chlorine Trifluoride Market
Overview of the regional outlook of the Chlorine Trifluoride Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Chlorine Trifluoride Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Chlorine Trifluoride Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
1. Nuclear Fuel Processing
2. Semiconductor Manufacturing
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Chlorine Trifluoride Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
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- Market Entry Strategies
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Reasons to Purchase the Chlorine Trifluoride Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Chlorine Trifluoride Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Chlorine Trifluoride Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Chlorine Trifluoride Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Chlorine Trifluoride Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Chlorine Trifluoride Market Size & Forecast, 2018-2028
4.5.1 Chlorine Trifluoride Market Size and Y-o-Y Growth
4.5.2 Chlorine Trifluoride Market Absolute $ Opportunity
Chapter 5 Global Chlorine Trifluoride Market Analysis and Forecast by Application
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Application
5.1.2 Basis Point Share (BPS) Analysis by Application
5.1.3 Absolute $ Opportunity Assessment by Application
5.2 Chlorine Trifluoride Market Size Forecast by Application
5.2.1 Nuclear Fuel Processing
5.2.2 Semiconductor Manufacturing
5.3 Market Attractiveness Analysis by Application
Chapter 6 Global Chlorine Trifluoride Market Analysis and Forecast by Region
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Region
6.1.2 Basis Point Share (BPS) Analysis by Region
6.1.3 Absolute $ Opportunity Assessment by Region
6.2 Chlorine Trifluoride Market Size Forecast by Region
6.2.1 North America
6.2.2 Europe
6.2.3 Asia Pacific
6.2.4 Latin America
6.2.5 Middle East & Africa (MEA)
6.3 Market Attractiveness Analysis by Region
Chapter 7 Coronavirus Disease (COVID-19) Impact
7.1 Introduction
7.2 Current & Future Impact Analysis
7.3 Economic Impact Analysis
7.4 Government Policies
7.5 Investment Scenario
Chapter 8 North America Chlorine Trifluoride Analysis and Forecast
8.1 Introduction
8.2 North America Chlorine Trifluoride Market Size Forecast by Country
8.2.1 U.S.
8.2.2 Canada
8.3 Basis Point Share (BPS) Analysis by Country
8.4 Absolute $ Opportunity Assessment by Country
8.5 Market Attractiveness Analysis by Country
8.6 North America Chlorine Trifluoride Market Size Forecast by Application
8.6.1 Nuclear Fuel Processing
8.6.2 Semiconductor Manufacturing
8.7 Basis Point Share (BPS) Analysis by Application
8.8 Absolute $ Opportunity Assessment by Application
8.9 Market Attractiveness Analysis by Application
Chapter 9 Europe Chlorine Trifluoride Analysis and Forecast
9.1 Introduction
9.2 Europe Chlorine Trifluoride Market Size Forecast by Country
9.2.1 Germany
9.2.2 France
9.2.3 Italy
9.2.4 U.K.
9.2.5 Spain
9.2.6 Russia
9.2.7 Rest of Europe
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 Europe Chlorine Trifluoride Market Size Forecast by Application
9.6.1 Nuclear Fuel Processing
9.6.2 Semiconductor Manufacturing
9.7 Basis Point Share (BPS) Analysis by Application
9.8 Absolute $ Opportunity Assessment by Application
9.9 Market Attractiveness Analysis by Application
Chapter 10 Asia Pacific Chlorine Trifluoride Analysis and Forecast
10.1 Introduction
10.2 Asia Pacific Chlorine Trifluoride Market Size Forecast by Country
10.2.1 China
10.2.2 Japan
10.2.3 South Korea
10.2.4 India
10.2.5 Australia
10.2.6 South East Asia (SEA)
10.2.7 Rest of Asia Pacific (APAC)
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Asia Pacific Chlorine Trifluoride Market Size Forecast by Application
10.6.1 Nuclear Fuel Processing
10.6.2 Semiconductor Manufacturing
10.7 Basis Point Share (BPS) Analysis by Application
10.8 Absolute $ Opportunity Assessment by Application
10.9 Market Attractiveness Analysis by Application
Chapter 11 Latin America Chlorine Trifluoride Analysis and Forecast
11.1 Introduction
11.2 Latin America Chlorine Trifluoride Market Size Forecast by Country
11.2.1 Brazil
11.2.2 Mexico
11.2.3 Rest of Latin America (LATAM)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Latin America Chlorine Trifluoride Market Size Forecast by Application
11.6.1 Nuclear Fuel Processing
11.6.2 Semiconductor Manufacturing
11.7 Basis Point Share (BPS) Analysis by Application
11.8 Absolute $ Opportunity Assessment by Application
11.9 Market Attractiveness Analysis by Application
Chapter 12 Middle East & Africa (MEA) Chlorine Trifluoride Analysis and Forecast
12.1 Introduction
12.2 Middle East & Africa (MEA) Chlorine Trifluoride Market Size Forecast by Country
12.2.1 Saudi Arabia
12.2.2 South Africa
12.2.3 UAE
12.2.4 Rest of Middle East & Africa (MEA)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Middle East & Africa (MEA) Chlorine Trifluoride Market Size Forecast by Application
12.6.1 Nuclear Fuel Processing
12.6.2 Semiconductor Manufacturing
12.7 Basis Point Share (BPS) Analysis by Application
12.8 Absolute $ Opportunity Assessment by Application
12.9 Market Attractiveness Analysis by Application
Chapter 13 Competition Landscape
13.1 Chlorine Trifluoride Market: Competitive Dashboard
13.2 Global Chlorine Trifluoride Market: Market Share Analysis, 2019
13.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
13.3.1 Kanto Denka Kogyo Co Ltd
13.3.2 Air Products and Chemicals Inc
13.3.3 Advance Research Chemicals Inc
13.3.4 Air Liquide
13.3.5 Central Glass
13.3.6 Taiyo Nippon Sanso Corporation