Semiconductor Gases Market Growth Outlook Through 2024-2033

Overview and Scope
Semiconductor gases are a class of gases utilized in the semiconductor manufacturing process. These gases are utilized to deposit, etch, and clean various materials throughout the semiconductor production process.

Sizing and Forecast
The semiconductor gases market size has grown strongly in recent years. It will grow from $9.08 billion in 2023 to $9.73 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to growth of semiconductor industry, miniaturization of electronic devices, global electronics manufacturing trends, clean room environments, research and development initiatives.

The semiconductor gases market size is expected to see strong growth in the next few years. It will grow to $12.63 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to Internet of things (IoT) expansion, electric vehicle market growth, supply chain resilience, green semiconductor manufacturing, artificial intelligence (AI) integration. Major trends in the forecast period include shift towards 3D NAND technology, emergence of 5G technology, rapid technological evolution, advancements in semiconductor technology, transition to 450mm wafers.

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Segmentation & Regional Insights
The semiconductor gases market covered in this report is segmented –

1) By Type: Bulk Gases, Electronic Special Gases
2) By Process: Chamber Cleaning, Oxidation, Deposition, Etching, Doping, Other Processes
3) By Application: Semiconductor Component, Printed Circuit Board (PCBs), Displays, Solar (PV), Light Emitting Diode (LED), Other Applications

Asia-Pacific was the largest region in the semiconductor gases market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global semiconductor gas market report during the forecast period. The regions covered in the semiconductor gases market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The rising demand for semiconductors is expected to propel the growth of the semiconductor gas market going forward. The electrical conductivity of semiconductors, which are crystalline solids, lies in the middle of that of insulators and conductors. Semiconductor gases play a critical role in the manufacturing of semiconductors. They are used in various processes, such as chemical vapor deposition (CVD), etching, and cleaning. Semiconductor gases are used extensively in the manufacturing process of semiconductors, and as the demand for semiconductors increases, so does the demand for semiconductor gases. For instance, in February 2023, the Semiconductor Industry Association, a US-based trade association representing the US semiconductor industry, stated that worldwide semiconductor sector sales totaled $574.1 billion in 2022, the highest-ever yearly total and a 3.3% rise over the $555.9 billion total in 2021. Therefore, the rising demand for semiconductors is boosting the semiconductors gases market.

Key Industry Players

Major companies operating in the semiconductor gases market report are Air Water Inc., Air Liquide Ltd., Solvay SA, Air Products and Chemicals Inc., American Gas Product, Showa Denko K.K., Taiyo Nippon Sanso Corporation, Iwatani Corporation, Toho Gas Co Ltd., Tokuyama Corporation, Westfalen AG, Hyosung TNC Corporation, Messer Group GMBH, Nippon Gases Co Ltd., Ichor Systems Inc., Ube Industries Ltd., Sapura Specialty Gas, Osaka Soda Co Ltd., Matheson Tri-Gas Inc., Guangdong Huate Gas Co Ltd., REC Silicon ASA, Praxair Technology Inc., Indiana Oxygen Inc., Advanced Specialty Gases Inc., MG Chemicals, Yingde Gases, Tokyo Oxygen Co Ltd., Daiso Co Ltd., Tokai Denko Co Ltd.

The semiconductor gases market report table of contents includes:

1. Executive Summary
2. Semiconductor Gases Market Characteristics
3. Semiconductor Gases Market Trends And Strategies
4. Semiconductor Gases Market – Macro Economic Scenario
5. Global Semiconductor Gases Market Size and Growth
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31. Semiconductor Gases Market Other Major And Innovative Companies
32. Global Semiconductor Gases Market Competitive Benchmarking
33. Global Semiconductor Gases Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Semiconductor Gases Market
35. Semiconductor Gases Market Future Outlook and Potential Analysis
36.Appendix

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