The study undertaken by Astute Analytica foresees a tremendous growth in revenue of the market for Global Semiconductor Gases Market from US$ 8,584.7 Million in 2021 to US$ 12,450.3 Million by 2027. The market is anticipated to grow at a CAGR of 6.4% during the forecast period 2022-2027.
The global semiconductor gases market is driven by the 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. Semiconductor gases are gases which is used to manufacture semiconductors. They have gained significant demand and wide popularity in various industry verticals including telecommunication, automotive, power supply and consumer electronics and other end-uses. Due to its inherent features such as wide bandgap, high current & voltage holding capacity, high operational temperatures and capability to produce microwave signals have fueled the market growth. Moreover, these gases are effective and efficient in order to get rid of contaminants and impurities like alkali, dopants, metal, organic contaminants from semiconductor types without damaging them.
Based on type segment, electronic special gases segment dominated the market in 2021 owing to its high application from electronic manufacturing sector. In terms of process, chamber cleaning segment is estimated to have the highest market share in 2021, due to its high demand in semiconductor manufacturing industry. Moreover, on the basis of application, semiconductor type segment is estimated to project the highest market share during the forecast period. While, Solar (PV) segment is expected to register the fastest CAGR during forecast period owing to the rapidly increasing investment in solar power industry and favorable government policies. Furthermore, Asia Pacific region is expected to hold the highest market share and is projected to grow at a fastest CAGR over the forecast period. However, individual risks concerning the gases during semiconductor manufacturing and high material and fabrication costs associated with compound semiconductor further inhibits the market growth.
Market Dynamics and Trends
Drivers
The global semiconductor gases market has increased owing to the 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. Clean energy and predominantly solar PV are evolving as a prominent source of clean energy generation and is increasingly incorporated into numerous electronic devices. Also, the increasing acceptance of renewable energy particularly solar photovoltaic devices is propelling the demand for semiconductor gases due to the huge consumption in the manufacturing process. Moreover, the semiconductor industry is reliably dependent on well-developed insulating material and heating solutions for many of its applications and processes. Thus, 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. Furthermore, semiconductor gases have been the key enabler of the semiconductor industry because of its unique properties such as easy to transport and store, easy to dispense with high accuracy and easier to control desired chemical reactions at the molecular level. Thus, these processed gases are utilized throughout each stage of manufacturing, ranging from growing single crystal silicon to every wafer fabrication process.
Restraints
Factors such as high gas exposure presents significant challenges in the semiconductor industry due to gas toxicity, explosivity and flammability. Due to this, the health concerns among employees during the semiconductor manufacturing process and adverse health impacts may be a major roadblock to market growth during the forecast period. 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.
Regional Analysis
The US is expected to hold the highest market share and is projected to grow at the highest CAGR over forecast period
The US is estimated to project the highest share in the North America semiconductor gases market during the forecast period. Also, the country is expected to project a fastest CAGR of 6.6% during the forecast period owing to the increase in presence of extensive production units in the region. On the basis of type, the electronic special gases segment holds a majority of the revenue in the semiconductor gases industry in North America owing to its high application from electronic manufacturing sector.
Germany is projected to grow with the highest CAGR in the Europe Semiconductor Gases Market
Germany held the major share in the Europe semiconductor gases market in 2021 and is project to grow at a fastest CAGR of 5.2% due to its significant growth in the electronic industry and growing proliferation of PCBs are driving the growth during the forecast period. Based on process segment, the chamber cleaning segment contributed the major share in the North American market in 2021. Whereas, the etching segment is projected to grow at a fastest CAGR of 5.8% during the forecast period owing to its tremendous growth in demand for manufacturing of printed circuit boards.
China held the major share in the Asia Pacific Semiconductor Gases Market in 2021
China is the highest market share holder country in 2021 because of the rising investment in display segment and rapid urbanization and industrialization is expected to drive the market growth. Based on application, the semiconductor type holds a majority of the revenue in the Asia Pacific semiconductor gases industry. Whereas the solar (PV) is estimated to project the fastest CAGR of 7.7% during the forecast period owing to the rapidly increasing investment in solar power industry and favorable government policies.
South Africa is projected to grow with the highest CAGR in the MEA Semiconductor Gases Market
South Africa is expected to project at the highest CAGR of 5.5% during the forecast period. Based on type, the electronic special gases segment holds a majority of the revenue in 2021 in the MEA semiconductor gases industry and is estimated to project the fastest CAGR of 5.5% during the forecast period.
Brazil is expected to project the highest market share holder in the South America Semiconductor Gases Market
Brazil is anticipated to project the highest market share holder in terms of revenue over the forecast period. Also, the country is expected to project a fastest CAGR of 5.0% in the South America semiconductor gases market during the forecast period. Based on process segment, the chamber cleaning segment contributed the major share in the North American market due to its high demand in semiconductor manufacturing industry.
Competitive Insight
Global Semiconductor Gases Market is highly competitive in order to increase their presence in the marketplace. Some of the key players operating in the global semiconductor gases market include 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.
Segmentation Overview
Global Semiconductor Gases Market is segmented based on type, process, application and region. The industry trends in 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:
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