According to a new report by Expert Market Research, ‘Global Nitrogen Trifluoride (NF3) Market Report and Forecast 2020-2025’, the Nitrogen Trifluoride Market size surpassed $900 million in 2019 and will expect consumption of over 50 kilo tons by 2025.
Competitive Landscape & Supplier Analysis:
Mitsui Chemicals, Inc. (TYO: 4183)
SK Materials (KOSDAQ: 036490)
Linde AG (NYSE: LIN)
American Gas Products
Nitrogen trifluoride (NF3) is an inorganic compound and has toxic, odorless, non-flammable properties. NF3 is manufactured by the reaction of hydrochloric acid (HCL) and ammonia (NH3) and primarily used in the cleaning of silicon wafers in semiconductor and solar energy applications. Fluorine gas (F2) is produced either from fluorite (fluorspar) or fluorapatite, used in uranium enrichment, switchgears, and electronic cleaning applications. Fluorine in the form of uranium hexafluoride (UF6) and sulfur hexafluoride (SF6) are used for uranium enrichment and as a dielectric medium for gas-insulated switchgears, respectively. Nuclear enrichment enables uranium for further processing in power generation and other applications.
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The robust development of the consumer electronics market is one of the important factors expected to encourage the growth of the global nitrogen trifluoride market in the near future. In addition, the rising demand for LCD televisions and several other electronic products is likely to boost the demand for nitrogen trifluoride across the globe. The rising disposable income of consumers and their improving lifestyle, especially in developing economies are further estimated to accelerate the growth of the global market in the coming years.
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Nitrogen trifluoride is increasingly used as a fluorine source in high-energy chemical lasers, on account of its ease of use as compared to fluorine gas. In addition, it is used as an intermediate in the production of specialized chemicals, fluorinating agent and as a gas in lamp which is projected to propel the nitrogen trifluoride market.
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