News Home

Electronic Specialty Gas Market Size Worth US$ 6.12 Billion with 3.5 CAGR by 2034: Fact.MR Report

Tuesday, April 23, 2024 04:00 AM | GlobeNewswire via QuoteMedia

Electronic Specialty Gas Market Size Worth US$ 6.12 Billion with 3.5 CAGR by 2034: Fact.MR Report

Use of Electronic Specialty Gas Extensive in Metal Joining Processes

Rockville, April 23, 2024 (GLOBE NEWSWIRE) -- Thin film deposition techniques such as chemical and physical vapor deposition (PVD) need electronic gas for the production of microelectronics and semiconductor processing. The global electronic specialty gas market is set to reach a size of US$ 4.34 billion in 2024 and thereafter expand at a CAGR of 3.5% from 2024 to 2034.

Get Free Sample Copy of This Report:

PVD coatings of this type are used to enhance hardness, augment wear resistance, and avert oxidation. These coatings find extensive use in several sectors, including aerospace. Calibration gases, zero gases, carrier gases, span gases, and bump test gases are examples of specialty gases. Each of these gases has unique properties and applications, ranging from the joining of metals like magnesium, titanium, aluminum, and stainless steel.

Report Attribute Details
Value Projection (2034) US$ 6.12 Billion
Growth Rate (2024-2034) 3.5% CAGR
No. of pages 170 Pages
No. of Tables 25 Tables
No. of Figures 132 Figures

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.

Related Market Projections for 2034

Gas Chromatography Market US$ 4 Billion
Gas and Liquid Flow Management Systems Market US$ 29 Billion
Gas Detection Equipment Market US$ 8.12 Billion
Dielectric Gases Market US$ 273 Million

Key Companies Profiled in This Report

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

Rising Demand for Energy-efficient Lighting Solutions

LED lighting is one of the primary application areas for electronic specialty gases. This is attributed to the rising use of LEDs for backlighting LCD televisions and general illumination, wherein LED lights are replacing more established lighting technologies such as sodium vapor lamps and incandescent tubes.

The rise in demand for consumer electronics such as computers, TVs, and smartphones is boosting sales of high-quality display panels. Manufacturers are focusing on boosting the supply of electronic specialty gases to meet the growing demand across industries.

Get Customization on this Report for Specific Research Solutions:

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).

Explore More Related Studies Published by Fact.MR Research:

Dielectric Gases Market : The Dielectric Gases market is slated to expand at a value CAGR of 7% from 2022 to 2032, reaching US$ 252.37 Million.

Gas Chromatography Market : The global gas chromatography market size was valued at US$ 2.1 billion in 2022, and is projected to reach US$ 3.7 billion by the end of 2032.

Gas Detection Equipment Market : Sales of global gas detection equipment are forecasted to reach US$ 8.12 billion by 2034-end.

About Fact.MR :

Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.

US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232 (D)
Sales Team:
Follow Us: LinkedIn | Twitter | Blog

Primary Logo

You May Also Like

Get the InvestorsObserver App

InvestorsObserver App
iOS App Android App