The Semiconductor Gases Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Semiconductor Gases Global Market Report 2024, 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.
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.
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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
Major companies operating in the semiconductor gases market are focusing on investment and strategic collaboration to provide services to customers. Rising investment refers to various contexts, including tax-efficient investment avenues, the impact of rising interest rates on investment strategies, the growth of investment products, and the rise in Treasury yields. These contexts encompass areas such as financial planning, market trends, and economic indicators. For instance, in May 2022, Air Products, a US-based chemical industry company, brought two new air separation units onstream for a world-leading semiconductor manufacturer in Asia. The company’s subsidiary, Air Products San Fu, invested approximately $400 million to build, own, and operate these units, which will supply ultra-purity nitrogen, oxygen, argon, and hydrogen to the customer’s new wafer fab expansion and existing fab capacity expansion in Southern Taiwan.
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 analysis
5.Semiconductor Gases Market Size And Growth
6.Semiconductor Gases Segmentation
7.Semiconductor Gases Regional And Country Analysis
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27.Semiconductor Gases Competitive Landscape And Company Profiles
28.Semiconductor Gases Key Mergers And Acquisitions
29. Semiconductor Gases Future Outlook and Potential Analysis
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