Global Chlorine Trifluoride market share 2024, Forecast To 2033
26 Jan, 2024
The chlorine trifluoride market has witnessed substantial growth, increasing from $62.68 billion in 2023 to $67.88 billion in 2024, with a CAGR of 8.3%. This growth in the historic period is attributed to increased semiconductor manufacturing, enhanced chemical synthesis, expanded material processing, growth in the aerospace industry, and intensified research and development. In the coming years, the market is poised for strong growth, reaching $94.36 billion in 2028, with a CAGR of 8.6%. Factors contributing to this growth include the increasing focus on electronics and microelectronics manufacturing, the rise in energy storage technologies, growing green chemistry initiatives, increased emphasis on sustainable and safe handling practices, and rising research in advanced battery technologies. Major trends in the forecast period include advanced material development, innovative nanotechnology applications, technological advancements, innovative solutions, and strategic collaborations.
Global Chlorine Trifluoride Market Key Driver
The chlorine trifluoride market is set to benefit from the semiconductor industry's growth, as seen in a 21.1% increase in global semiconductor industry sales in April 2022. The semiconductor industry's expansion is projected to boost demand for chlorine trifluoride during the forecast period in 2023, 2024, and 2028.
Get A Free Sample Of The Global Chlorine Trifluoride Market ReportGlobal Chlorine Trifluoride Market Segments
The global chlorine trifluoride market covered in this report is segmented –
1) By Grade: Electronic Grade, Industrial Grade
2) By Form: Gas, Liquid, Solid
3) By Application: Semiconductor Manufacturing, Nuclear Fuel Processing, Rocket Propellant Systems, Other Applications
By Geography: The regions covered in the Chlorine Trifluoride market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Major Chlorine Trifluoride Industry Players
Advance Research Chemicals Inc., Air Products and Chemicals Inc., Kanto Denka Kogyo Co Ltd., Linde plc, Mott Corporation, Praxair Technology Inc., Air Liquide SA, Versum Materials Inc., Showa Denko Materials Co Ltd., Matheson Tri-Gas Inc., Gujarat Fluorochemicals Ltd., Parad Corporation, Merck KGaA, Iwatani Corporation, Awishkar Chemical Industries, Taiyo Nippon Sanso Corporation, DOD Technologies Inc., Central Glass Co Ltd., Linde AG, Air Products and Chemicals Inc., AgroLiquid, Agrium Advanced Technologies Inc., Mott Corporation, Fertiberia Sociedad Anonima, Haifa Chemicals Ltd.
Get The Full Global Chlorine Trifluoride Market Report
Chlorine Trifluoride Market Overview
Chlorine trifluoride refer to colorless gas or green liquid with a pungent odor used as a fluorinating agent. Chlorine trifluoride is used as an igniter and propellant in rockets, primarily in plasma-free cleaning and etching processes. It is formed by heating a mixture of fluorine and chlorine to around 280 °C in a nickel or copper vessel. It is also named ClF3, or CTF.
Chlorine Trifluoride Global Market Report 2023 provides data on the global chlorine trifluoride market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The chlorine trifluoride market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.