Semiconductor Gases Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2027

Global Semiconductor Gases Market is estimated to witness a major jump in revenue from US$ 8,584.7 Mn in 2021 to US$ 12,450.3 Mn by 2027. The market is registering a CAGR of 6.4% over the projection period 2022-2027. Semiconductor gases are gases that are used to manufacture semiconductors. A semiconductor is a material having property in between an insulator and most metals. It is used in modern-day electronics such as transistors and diodes. Transistors are used in power electronics, CPUs, and sensors, while diodes are used in devices such as LEDs and inverters. 

Also, semiconductor gases allow to grow films of oxide, nitride, and poly or dope the wafers to change the electrical characteristics of semiconductors. The oxide acts as a barrier when dopant chemicals are deposited on the surface and diffused into the surface. Moreover, semiconductor gas plays a prominent role in improving the performance of electrical and electronic devices. Semiconductor gases have been the key enabler of the semiconductor industry considering the global scenario. Properties unique to gases have made them the desired materials to build ever more complex semiconductor devices, such as easy to transport and store, easy to dispense with high accuracy, and most notably, easier to control desired chemical reactions at the molecular level. 

Market Dynamics

Growing usage of semiconductor gases in the electrical and electronic industry, favorable government initiatives to promote the semiconductor industry, and escalating demand for semiconductor gases to perform effective semiconductor processing are expected to boost the semiconductor gases market growth. There has been an increased usage of semiconductors in electrical and electronic devices such as smartphones, laptops, television, and more, which further strengthens the demand for semiconductor gases in electronic applications as these gases substantially reduce the manufacturing costs. Moreover, the government and stakeholders are taking broad initiative in the promotion of the semiconductor industry and expanding the usage of electrical insulating materials in semiconductor manufacturing. However, high gas exposure presents significant challenges in the semiconductor industry due to gas toxicity, explosivity, and flammability. Also, the high material and fabrication costs associated with semiconductor manufacturing are the factors hampering the growth of the global semiconductor gases market over the forecast years.

Key Insights of the Report: 

• The latest study published by Astute Analytica analyses the Global Semiconductor Gases Market for the study period of 2021-2027; where the base year is 2021 and the forecast period is 2022-2027.
• The research report offers a detailed study of market determinants including market drivers, restraints, opportunities, and trends; along with an attractive presentation in the form of impact analysis to gain a simpler and easy comparison view of all market determinants.
• The research study is a compilation of 14 chapters distributed across 177 pages with 32 lists of tables and 78 lists of figures.
• The market estimates are presented in terms of value (US$ Mn).
• Along with market estimations, the market study was conducted on the basis of various economic models such as PESTLE and Porter’s five force models.
• Detailed value chain analysis of the industry was conducted. It includes raw material producers, semiconductor gases manufacturers, and end-users.
• The competitive dashboard section includes analysis on the basis of the Concentration Ratio (CR), based on market size and market presence of key companies.

Impact of COVID-19 on Global Semiconductor Gases Market

During the inception of the COVID-19 pandemic, the global demand for the semiconductor gases market is significantly declined due to the reduced investments by government and private companies in semiconductor manufacturing, which leads to cutbacks in such business lines. Due to the recent outbreak of the COVID-19 pandemic the market situation of semiconductor production is being halted and has forced the government authorities and key manufacturers to stop or delay their manufacturing processes and investment in such manufacturing plants. Moreover, the pandemic further interrupted the demand and supply of industrial gases in the semiconductor business throughout the world, backed by the certain restriction on trade and lockdown imposed by the government bodies. Also, many programs have experienced a slowdown due to the economic downturn and have been suspended for a brief period. This often limits the adoption of semiconductor gases and therefore, inhibits the market growth globally.

Key Takeaways from the Global Semiconductor Gases Market Report

• Based on type, the electronic special gases segment is estimated to have the highest market share in 2021 owing to its high application from the electronic manufacturing sector. Also, electronic special gases are projected to grow at the highest CAGR over the forecast period as these gases help improve yield, optimize performance and lower costs. Therefore, its adoption rate is expected to increase at a considerable growth rate in the near future.
• On the basis of process, the chamber cleaning segment dominated the market in 2021, due to its demand in the semiconductor manufacturing industry. Fluorinated gases are widely used as semiconductor gas for chamber cleaning purposes. Whereas, the etching segment is expected to register the highest CAGR during the forecast period owing to its tremendous growth demand for the manufacturing of printed circuit boards.
• In terms of application, semiconductor type is estimated to have the highest market share during the forecast period as manufacturers of semiconductor devices are expanding production, providing new materials, and reaching extreme levels of purity and quality control with the availability of such semiconductor gases. While the Solar (PV) segment is expected to register the highest CAGR during the forecast period due to the rapidly increasing investment in the solar power industry and supportive government policies.
• Based on region, Asia Pacific held the major share in the global semiconductor gases market in 2021 and is also expected to project the fastest CAGR in the global semiconductor gases market during the forecast period. Rapid urbanization and an increase in digitization in emerging countries such as India and China are key factors responsible for the growth of semiconductor gases in the Asia Pacific region.

Competitive Insight

The key players in the global semiconductor gases market are Linde Plc., Air Liquide S.A., Air Products and Chemicals, Inc., Merck (Versum Material), Taiyo Nippon, Iwatani Corporation, Messer Group, Mitsui Chemicals, Inc., REC Silicon ASA, Sumitomo Seika Chemicals Company, Indiana Oxygen Company Inc., American Gas Products (AGP) and Solvay S.A. among others. Through extensive research, it is found that big players have adopted various competitive strategies such as mergers & acquisitions in order to have a grip on the emerging markets. Furthermore, leading companies are expanding their geographical boundaries by acquiring small brands and domestic companies.

Segmentation Overview 

Global Semiconductor Gases Market is segmented based on type, process, application, and region. The industry trends in the global semiconductor gases market are sub-divided into different categories in order to get a holistic view of the global marketplace. 

Following are the different segments of the Global Semiconductor Gases Market:

By Type Segment of the Global Semiconductor Gases Market is Sub- Segmented into:

• Bulk Gases
  • Nitrogen
  • Oxygen
  • Argon
  • Helium
  • Hydrogen
  • Carbon-di-oxide
• Electronic Special Gases (ESGs)
  • Chlorine
  • Ammonia
  • Silicon
  • Others

By Process Segment of the Global Semiconductor Gases Market is Sub- Segmented into:

• Chamber Cleaning
• Oxidation
• Deposition
• Etching
• Doping
• Others

By Application Segment of the Global Semiconductor Gases Market is Sub- Segmented into:

• Semiconductor Type
• PCBs
• Displays
• Solar (PV)
• LED
• Others

By Region Type Segment of the Global Semiconductor Gases Market is Sub- Segmented into:

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe 
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Poland
  • Russia
  • Rest of Europe
• Asia Pacific 
  • China
  • India
  • Japan
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
• Middle East & Africa (MEA)
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA
• South America
  • Argentina
  • Brazil
  • Rest of Latin America