New York, October 2021: Axiom Market Research & Consulting™ added a report on chlorine trifluoride market which includes study on grade, form, end use, and geography. Chlorine trifluoride market was projected to grow at a CAGR of 4.03% for the forecast period 2021 to 2027. The global market is estimated and forecasted in terms of revenue (USD Million) and volume (Kiloton) generated by the chlorine trifluoride market.

The factors responsible for driving the growth of the chlorine trifluoride market during the forecast period includes rapid digitalization and the automated industrial manufacturing solutions, along with the continuously increasing usage of the electronic industries and large use of the chlorine trifluoride for the cleaning purposes. In addition, the increasing semiconductor industry has also been propelling the growth of the market during the forecast period.

The report analyses the chlorine trifluoride market based on the grade, form, end use, and geography. By grade, the chlorine trifluoride market is segmented into electronic grade and industrial grade. By form, the chlorine trifluoride market is segmented into gas, liquid, and solid. By end use, the chlorine trifluoride market is segmented into semiconductor industry, rocket propellant, military, and nuclear power. By geography, the chlorine trifluoride market is studied for the regions including North America, Europe, Asia Pacific, and Rest of the World.

The electronic grade segment is expected to lead the chlorine trifluoride market during the forecast period

Because of the increasing demand from the electronic industry across the globe, it has been estimated that, the electronic grade segment will be leading the chlorine trifluoride market during the forecast period.

The gas form segment is estimated to dominate the chlorine trifluoride market during the forecast period

Because of the use of a flammable in the semiconductor industries and due to the use of it for the purpose of etching and cleaning purposes, the gas form of the chlorines trifluoride market is expected to dominate the market. Most of the chemical form has been shipped and stored as the liquified or compressed gas.

Semi-conductor industry has been estimated to dominate the chlorine trifluoride market

Because of the potential use of chlorine trifluoride in the clean chemical vapour deposition chambers, and the chemical is also used for removing the semiconductor material of the chamber walls without any need for dismantling it, has been propelling the growth of the segment in the chlorine trifluoride market over the forecast period.

Asia Pacific is expected to gain major market share in the chlorine trifluoride market during the forecast period

The factors like increasing demand, development for the innovative products from the end use industries, along with the development of the Asia Pacific region because of the presence of the key countries like India, Japan and China and the changing demographics has been propelling the growth of the chlorine trifluoride market in the region.

Key Players

The key players in the chlorine trifluoride market are Air Products and Chemicals, Inc., Versum Materials, DOD Technologies Inc., Air Liquide S.A., Linde, Enerize Corporation, Mott Corporation, Kanto Denka Kogyo Co., Ltd., Wuxi Yuantong Gas Co., Ltd. and Chengdu Xinyuan Chemical Co., Ltd. among others.

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