Electronic Specialty Gas Market Recent Developments, Research Analysis Forecast 2034

 Thin film deposition techniques, including chemical vapor deposition (CVD) and physical vapor deposition (PVD), rely on electronic gases for the production of microelectronics and semiconductor processing. The global market for electronic specialty gases is projected to reach $4.34 billion by 2024, with an anticipated growth rate of 3.5% CAGR from 2024 to 2034.

PVD coatings are utilized to improve hardness, increase wear resistance, and prevent oxidation. These coatings are widely applied across various industries, including aerospace. Specialty gases used in these processes include calibration gases, zero gases, carrier gases, span gases, and bump test gases. Each type of specialty gas serves specific functions and applications, such as joining metals like magnesium, titanium, aluminum, and stainless steel.

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Key Takeaways from Market Study

  • The global electronic specialty gas market is projected to expand at a CAGR of 3.5% through 2034.
  • Global sales of electronic specialty gas are estimated at US$ 4.34 billion in 2024.
  • The market is forecasted to reach US$ 6.12 billion by 2034-end.
  • The North American market is projected to expand at a CAGR of 3.6% through 2034.
  • The solar panel segment is estimated to account for 31% market share in 2024.
  • East Asia is projected to account for 38.4% of the global market share by 2034.

“Electronic specialty gases play a vital role in semiconductor production by enhancing the wear resistance of components. Market growth is driven by the increasing use of energy-efficient lighting systems and extensive use of these gases in metal oxide transistors as cleaning agents,” says a Fact.MR analyst.

Read More: https://www.factmr.com/report/electronic-specialty-gas-market

Key Companies Profiled in This Report

  • Linde Plc
  • Air Products Chemical
  • Mitsui Chemicals
  • Showa Denko
  • Messer
  • Nippon Sanso Holdings Corporation
  • Ashland
  • Praxair
  • SCI Analytical

Increasing Demand for Energy-Efficient Lighting Solutions

LED lighting is a key application for electronic specialty gases due to its growing use in backlighting LCD televisions and general illumination. LED technology is progressively replacing traditional lighting solutions such as sodium vapor lamps and incandescent bulbs.

The surge in consumer electronics, including computers, TVs, and smartphones, is driving the need for high-quality display panels. To meet this growing demand, manufacturers are intensifying their supply of electronic specialty gases across various industries.

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More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the electronic specialty gas market for 2018 to 2023 and forecast statistics for 2024 to 2034.

The study divulges essential insights into the market based on type (nitrogen trifluoride, tungsten hexafluoride, hydrogen chloride, ammonia, disilane, high purity carbon dioxide, sulfur hexafluoride, hexafluorobutadiene, hydrogen fluoride) and application (semiconductors, display panels, LEDs, solar panels, electrical equipment), across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and MEA).

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