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.
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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.
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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).
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.
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