Semiconductor Gases Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Semiconductor Gases Market
The global semiconductor gases market size was valued at USD 10.07 billion in 2023, and the market is now projected to grow from USD 10.83 in 2024 to USD 19.34 billion by 2032, exhibiting a CAGR of 7.5% during the forecast period of 2023-2032.
During COVID-19 outbreak, the unbending lockdown regulations imposed through numerous nations throughout the globe caused delivery chain disruptions in the semiconductor marketplace. This eventually resulted in raw material shortages, logistics delays, and other unseen issues. Even although the call for semiconductors remained high amidst the pandemic, the supply became unable to fit ensuing in shortages. All of this negatively affected the semiconductor gases market growth.
As the global auto enterprise rides on the electrical wave, call for semiconductors is predicted to grow several folds throughout the forecast period (2024-2032). This international transition towards electric automobiles in turn will possibly provide a great push to semiconductor production. Thus, rising call for from electric mobility zone is the foremost driving factor of semiconductor gases market share.
Semiconductors have turn out to be a widely wide-spread part of modern-day existence and are on the center of any technology that enables nowadays electronic gadgets, from electric motors to consumer electronics including smartphones, tabs and so forth. Over the past few a long time, the growing digitalization fashion throughout exceptional industries has led to a growth in demand for semiconductors.
Comprehensive Analysis of Semiconductor Gases Market
The Semiconductor Gases market is seen rising at a nice pace owing to its market segmentation. These market segmentations are systematically bifurcated further into product analysis, application analysis, and region. In terms of product segmentation, electronic special gas holds the majority market share. Based on application analysis, logic segment dominates the segment.
The Asia Pacific region dominated the semiconductor gases market share in 2023. The area is in all likelihood to maintain its position all through the forecast duration because of the growing call for from its expanding semiconductor manufacturing sector. The majority of world intake is concentrated inside the Asia pacific, with nations together with Taiwan leading as biggest customer as a result of their sturdy semiconductor manufacturing industry.
The companies imparting gases for semiconductor producers have to ensure extremely-high purity of gases. The tolerance for impurities inside the semiconductor industry is pretty low. The marketplace is dominated via some foremost market players as a result of technical understanding and investments required to perform operations. Furthermore, the agencies running on this market have been have been increasing their manufacturing capacities so that it will in shape the growing call for from the semiconductor manufacturing region. These companies include, 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).
In July 2022, Iwatani Corporation finalized and signed a deal with Helious Specialty Gases, an Indian specialty gas company. This will make Helious first ever business enterprise to have three helium transfill centers in India. The company further plans to be a main supplier of helium fuel catering major OEM’s.
Segmentation Table
Semiconductor Gases Market Scope
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 7.5% from 2024-2032
Unit Value (USD Billion)
Segmentation By Product, By Application, By Region
By Product Electronic Special Gas
Electronic Bulk Gas
By Application
Memory
Logic
Others
By Region North America (By Product, By Application, By Country)
- U.S. (By Application)
- Canada (By Application)
Europe (By Product, By Application, By Country)
- Germany (By Application)
- U.K. (By Application)
- France (By Application)
- Italy (By Application)
- Rest of Europe (By Application)
Asia Pacific (By Product, By Application, By Country)
- China (By Application)
- Taiwan (By Application)
- Japan (By Application)
- South Korea (By Application)
- Rest of East Asia (By Application)
Rest of World (By Product, By Application, By Country)
- Israel (By Application)
- Rest of World (By Application)
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