Pune, India, Dec. 12, 2022 (GLOBE NEWSWIRE) -- The global semiconductor gases market size was valued at USD 8.71 billion in 2021. The market is projected to grow from USD 9.36 billion in 2022 to USD 15.56 billion by 2029, exhibiting a CAGR of 7.5% during the forecast period. This information is provided by Fortune Business Insights, in its report titled, "Semiconductor Gases Market, 2022-2029."
COVID-19 Impacts:
Supply-Chain Breakdowns Lockdown Restrictions Affected Market Development
The lockdown limitations implemented by numerous nations throughout the world disrupted the semiconductor industry's supply chain. Lack of raw materials has led to delays in logistics and other unnoticed problems. Despite the pandemic, there was still a significant demand for semiconductors. Because the supply side could not keep up with the rising demand, there were shortages of semiconductor chips. Additionally, this has had a severe impact on other related businesses, particularly the automotive and electronics sectors.
List of Key Players Mentioned in the Semiconductor Gases Market Report:
- Air Liquide (France)
- Air Products and Chemicals, Inc. (U.S.)
- Linde plc (U.K.)
- Solvay (Belgium)
- Iwatani Corporation (Japan)
- Messer Group (Germany)
- American Gas Products (U.S.)
- Electronic Fluorocarbons, LLC (U.S.)
- SUMITOMO SEIKA CHEMICALS CO., LTD. (Japan)
- Taiyo Nippon Sanso JFP Corporation (Japan)
- SHOWA DENKO K.K. (Japan)
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Segmentation:
Electronic Special Gas Segment to Account for a Significant Share Owing to Rising Precision Required in Semiconductor Manufacturing Sector
Based on product, the semiconductor gases market is segmented into Electronic Special Gas and Electronic Bulk Gas. In 2021, the electronic special gas segment dominated the market. Few of these special electronic gases, such as nitrogen fluoride, are exclusively produced for the electronic manufacturing sector.
Logic Segment to Hold a Substantial Share Owing Rising Demand in High Computation Electronic Devices
In terms of Application, the market is segmented into Memory, Logic and Others. The logic segment accounted for the major semiconductor gases market share.
Geographically, the market is segregated into North America, Europe, Asia Pacific, and Rest of the World.
Reasons to Purchase this Report:
- Comprehensive analysis of the market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
Report Coverage:
The report offers a detailed study of the market and a keen examination of the major segments of the market. It provides an in-depth analysis of key players and their insightful strategies to spur the semiconductor gases market growth for monetary gains. It also shares tangible insights which guide business owners with their investment perspective.
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Drivers and Restraints:
Increasing Consumer Electronics Industry Demand Will Fuel Market Growth
Consumer electronics, including smart phones, tablets, and wearable electronics, are now significantly more accessible to the general public because to the recent rapid advancements in technology. The forecast period is likely to see this trend continue, leading to a larger acceptance of these consumer electronics.
Regional Insights:
Asia Pacific to Lead Backed by Increasing Demand from Expanding Semiconductor Sector to Dominate
In 2021, Asia Pacific held a sizable portion of the semiconductor gases market. Due to increasing demand from its developing semiconductor manufacturing industry, the region is expected to maintain its position during the forecast period.
Countries all around the world are reconsidering their positions on internal local manufacturing in light of the growing relevance of the semiconductor sector and the crucial role it might play in current geopolitics.
The European semiconductor industry is in a similar position to the American semiconductor sector in terms of production capacity. The semiconductor industry with the highest R&D intensity is located in this area. The European Union, however, has changed its emphasis to domestic production and is working to raise its proportion of the world's semiconductor production.
Competitive Landscape:
Key Players Sign Significant Contracts to Make Remarkable Changes in Market
The players operating in the market often employ numerous tactics that will aid the market growth and product demand. Among the pool of strategies, one such notable strategy to expand the business prospect is signing multimillion contracts with government bodies and securing profitable revenue for their own company.
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/semiconductor-gases-market-104121
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Trends
- Key Developments
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
- Qualitative Insights – Impact of COVID-19 on Global Semiconductor Gases Market
- Supply Chain Challenges
- Steps taken by Government/Companies to overcome this impact
- Potential opportunities due to COVID-19 outbreak
- Global Semiconductor Gases Market Analysis, Insights and Forecast, 2018-2029
- Key Findings / Summary
- Global Semiconductor Gases Market Size Estimates and Forecast, By Product (Value)
- Electronic Special Gas
- Electronic Bulk Gas
- Global Semiconductor Gases Market Size Estimates and Forecast, By Application (Value)
- Memory
- Logic
- Others
TOC Continued…!
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Key Industry Development:
July 2022: Iwatani Corporation has a contract with the Indian speciality gas business Helious Specialty Gases. As a result, Helious will be the first business in India to have three helium transfill facilities. The business also intends to serve major OEMs as the nation's top helium supplier.
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