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:
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
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:
By Process Segment of the Global Semiconductor Gases Market is Sub- Segmented into:
By Application Segment of the Global Semiconductor Gases Market is Sub- Segmented into:
By Region Type Segment of the Global Semiconductor Gases Market is Sub- Segmented into:
| Report Attribute | Details |
|---|---|
| Market Size Value in 2021 | US$ 8,584.7 Mn |
| Expected Revenue in 2027 | US$ 12,450.3 Mn |
| Historic Data | 2017-2020 |
| Base Year | 2021 |
| Forecast Period | 2022-2027 |
| Unit | Value (USD Mn) |
| CAGR | 6.4% |
| Segments covered | By Type, Process, Application, and Region |
| Key Companies | Linde Plc., Air Liquide S.A., Air Products and Chemicals, Inc., and other prominent players. |
| Customization Scope | Get your customized report as per your preference. Ask for customization |
Global Semiconductor Gases Market is projected to grow at a CAGR of 6.4% during the forecast period 2022-2027.
Semiconductor gases are gases which is used to manufacture semiconductors, it is a material having property in between an insulator and most metals.
The size of the global semiconductor gases market in 2021 was US$ 8,584.7 Million.
Growing usage of semiconductor gases in electrical and electronic industry, favorable government initiatives to promote semiconductor industry and escalating demand of semiconductor gases to perform effective semiconductor processing.
The major region in the industry is North America, Europe, Asia Pacific, Middle East & Africa (MEA) and South America.
Increasing conventional applications of micro-electromechanical systems, growing government and stakeholder funding in compound semiconductor and rapid rise in urbanization & industrialization and consumer spending for electronic products.
Nitrogen is the most used gas, typically employed for purging of pumps and vacuum chambers in a semiconductor electronic industry.
Types, process and application are the different segments of the global semiconductor gases market.
Based on application, the semiconductor gases market is segmented into semiconductor type, PCBs, displays, solar (PV), LED and others.
Individual risks concerning the gases during semiconductor manufacturing and high material and fabrication costs associated with compound semiconductor further inhibits the market growth.
Asia Pacific holds a major share in terms of revenue in the global semiconductor gases market in 2021.
Linde Plc., Air Liquide S.A., Air Products and Chemicals, Inc., Merck (Versum Material), Taiyo nippon, Iwatani Corporation, Messer group, Sumitomo Seika Chemicals Company, Indiana Oxygen Company Inc., American Gas Products (AGP) and Solvay S.A. among others are some major players in the global semiconductor gases market.
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| Report ID: AA0322161 
