Chlorine Trifluoride Market size to grow by USD 11.73 million from 2022 to 2027, Driven by the increasing demand for UF6 - Technavio

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Apr 14, 2023, 13:00 ET

NEW YORK, April 14, 2023 /PRNewswire/ -- The chlorine trifluoride market size is set to grow by USD 11.73 million from 2022 to 2027, progressing at a CAGR of 4.31% during the forecast period. The increasing demand for UF6 is notably driving the market growth, although factors such as the toxicity of chlorine trifluoride may impede the market growth. Make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports. View a Sample Report!

The chlorine trifluoride market covers the following areas:

Technavio has announced its latest market research report titled Global Chlorine Trifluoride Market 2023-2027

Chlorine Trifluoride Market Sizing
Chlorine Trifluoride Market Forecast
Chlorine Trifluoride Market Analysis

Vendor Landscape

The chlorine trifluoride market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Companies Mentioned

Air Liquide SA
Awishkar Chemicals Industries
Central Glass Co. Ltd.
Inhance Technologies LLC
Iwatani Corp.
Kanto Denka Kogyo Co. Ltd.
Linde Plc
Merck KGaA
Mitsubishi Chemical Corp.

Vendor Offerings

Air Liquide SA - The company offers chlorine trifluoride in a compressed form.
Awishkar Chemicals Industries - The company offers chlorine trifluoride in white powder form.
Central Glass Co. Ltd. - The company offers chlorine trifluoride, which is used as a cleaning gas for semiconductor manufacturing equipment.

For market's vendor landscape highlights with a comprehensive list of vendors and their
offerings - View a sample PDF report now!

Key Market Segmentation

This chlorine trifluoride market report extensively covers market segmentation by application (semiconductor manufacturing, rocket propellant systems, and others), material (gas, liquid, and solid), and geography (APAC, North America, Europe, South America, and Middle East and Africa).

The market share growth by the semiconductor manufacturing segment will be significant for the market growth during the forecast period. The growth of the segment can be attributed to factors such as the rising popularity of smartphones as a key component of consumer electronics. The demand for chlorine trifluoride (cleaning gas) will increase as a result of the rising semiconductor manufacturing demand during the forecast period. The demand for semiconductor devices such as switches, amplifiers, and power transistors also rises as a result of the rising demand for 5G technology in the communication sector.

View a Sample Report for more highlights of the various market segments.

Regional Market Outlook

APAC is estimated to account for 57% of the global market growth during the forecast period. An increase in automotive manufacturers' presence, rapid urbanization, steady economic growth, and rising demand for high-tech vehicles can be observed in the region. Additionally, the presence of both international and local vendors as well as the rising demand for semiconductors from the aerospace, electronics, and other end-user industries in developing nations such as China and India are the main factors promoting the growth of the chlorine trifluoride (CIF3) market in APAC. Moreover, nations such as India, China, South Korea, and Japan are consistently increasing their defense budgets. Hence, it is anticipated that the growing demand for semiconductor equipment from the armed forces of various nations in APAC will have an impact on the development of aerostat systems.

For more key highlights on the regional market share of most of the above-mentioned
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Market Analysis

Emerging Trends

An emerging market trend that is expected to have a positive impact on market growth is the increase in chlorine trifluoride utilization in numerous military applications.
Due to its high reactivity and high energy output, chlorine trifluoride is an excellent rocket and missile propellant.
Moreover, it is a good choice for military applications, as it can easily ignite fuels that are challenging to ignite, such as hydrazine.
In addition, a variety of materials used in military applications, including ceramics and composites, are produced using chlorine trifluoride.
Hence, such factors are expected to boost the growth of the global CIF3 market during the forecast period.

Key Challenges

A major challenge hampering the CIF3 market growth is the toxicity of chlorine trifluoride.
Chlorine trifluoride is a liquefied compressed gas that is highly toxic, corrosive, and packaged in cylinders, and the amount of chlorine present and the frequency of exposure determine the effects of chlorine trifluoride on human health.
The impact varies depending on a person's health or the state of the environment at the time of exposure, and chlorine trifluoride has negative effects on the human respiratory system when inhaled in small amounts for brief periods of time.
Such effects can include coughing, chest pain, and lung water retention. Hence, the toxicity of chlorine fluoride will result in challenges in its storage and operations, which, in turn, will negatively impact the CIF3 market during the forecast period.

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Chlorine Trifluoride Market Scope
Report Coverage	Details
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 4.31%
Market growth 2023-2027	USD 11.73 million
Market structure	Concentrated
YoY growth 2022-2023 (%)	3.55
Regional analysis	APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 57%
Key countries	US, China, South Korea, India, and Germany
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Air Liquide SA, Awishkar Chemicals Industries, Central Glass Co. Ltd., Inhance Technologies LLC, Iwatani Corp., Kanto Denka Kogyo Co. Ltd., Linde Plc, Merck KGaA, and Mitsubishi Chemical Corp.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Key Topics Covered:

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
Exhibit 06: Executive Summary – Chart on Market Segmentation by Material
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global chlorine trifluoride market 2017 - 2021

Exhibit 18: Historic Market Size – Data Table on Global chlorine trifluoride market 2017 - 2021 ($ million)

4.2 Application Segment Analysis 2017 - 2021

Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)

4.3 Material Segment Analysis 2017 - 2021

Exhibit 20: Historic Market Size – Material Segment 2017 - 2021 ($ million)

4.4 Geography Segment Analysis 2017 - 2021

Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

4.5 Country Segment Analysis 2017 - 2021

Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary

Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers

Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers

Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants

Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes

Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry

Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition

Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

6.1 Market segments

Exhibit 30: Chart on Application - Market share 2022-2027 (%)
Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

6.2 Comparison by Application

Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application

6.3 Semiconductor manufacturing - Market size and forecast 2022-2027

Exhibit 34: Chart on Semiconductor manufacturing - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Semiconductor manufacturing - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Semiconductor manufacturing - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Semiconductor manufacturing - Year-over-year growth 2022-2027 (%)

6.4 Rocket propellant systems - Market size and forecast 2022-2027

Exhibit 38: Chart on Rocket propellant systems - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Rocket propellant systems - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Rocket propellant systems - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Rocket propellant systems - Year-over-year growth 2022-2027 (%)

6.5 Others - Market size and forecast 2022-2027

Exhibit 42: Chart on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 43: Data Table on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 44: Chart on Others - Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on Others - Year-over-year growth 2022-2027 (%)

6.6 Market opportunity by Application

Exhibit 46: Market opportunity by Application ($ million)
Exhibit 47: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Material

7.1 Market segments

Exhibit 48: Chart on Material - Market share 2022-2027 (%)
Exhibit 49: Data Table on Material - Market share 2022-2027 (%)

7.2 Comparison by Material

Exhibit 50: Chart on Comparison by Material
Exhibit 51: Data Table on Comparison by Material

7.3 Gas - Market size and forecast 2022-2027

Exhibit 52: Chart on Gas - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Data Table on Gas - Market size and forecast 2022-2027 ($ million)
Exhibit 54: Chart on Gas - Year-over-year growth 2022-2027 (%)
Exhibit 55: Data Table on Gas - Year-over-year growth 2022-2027 (%)

7.4 Liquid - Market size and forecast 2022-2027

Exhibit 56: Chart on Liquid - Market size and forecast 2022-2027 ($ million)
Exhibit 57: Data Table on Liquid - Market size and forecast 2022-2027 ($ million)
Exhibit 58: Chart on Liquid - Year-over-year growth 2022-2027 (%)
Exhibit 59: Data Table on Liquid - Year-over-year growth 2022-2027 (%)

7.5 Solid - Market size and forecast 2022-2027

Exhibit 60: Chart on Solid - Market size and forecast 2022-2027 ($ million)
Exhibit 61: Data Table on Solid - Market size and forecast 2022-2027 ($ million)
Exhibit 62: Chart on Solid - Year-over-year growth 2022-2027 (%)
Exhibit 63: Data Table on Solid - Year-over-year growth 2022-2027 (%)

7.6 Market opportunity by Material

Exhibit 64: Market opportunity by Material ($ million)
Exhibit 65: Data Table on Market opportunity by Material ($ million)

8 Customer Landscape

8.1 Customer landscape overview

Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation

Exhibit 67: Chart on Market share by geography 2022-2027 (%)
Exhibit 68: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison

Exhibit 69: Chart on Geographic comparison
Exhibit 70: Data Table on Geographic comparison

9.3 APAC - Market size and forecast 2022-2027

Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.4 North America - Market size and forecast 2022-2027

Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.5 Europe - Market size and forecast 2022-2027

Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.6 South America - Market size and forecast 2022-2027

Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.7 Middle East and Africa - Market size and forecast 2022-2027

Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.8 China - Market size and forecast 2022-2027

Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ million)
Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ million)
Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)

9.9 US - Market size and forecast 2022-2027

Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)

9.10 South Korea - Market size and forecast 2022-2027

Exhibit 99: Chart on South Korea - Market size and forecast 2022-2027 ($ million)
Exhibit 100: Data Table on South Korea - Market size and forecast 2022-2027 ($ million)
Exhibit 101: Chart on South Korea - Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on South Korea - Year-over-year growth 2022-2027 (%)

9.11 Germany - Market size and forecast 2022-2027

Exhibit 103: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 104: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.12 India - Market size and forecast 2022-2027

Exhibit 107: Chart on India - Market size and forecast 2022-2027 ($ million)
Exhibit 108: Data Table on India - Market size and forecast 2022-2027 ($ million)
Exhibit 109: Chart on India - Year-over-year growth 2022-2027 (%)
Exhibit 110: Data Table on India - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography

Exhibit 111: Market opportunity by geography ($ million)
Exhibit 112: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

Exhibit 113: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

Exhibit 114: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption

Exhibit 115: Overview on factors of disruption

11.4 Industry risks

Exhibit 116: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered

Exhibit 117: Vendors covered

12.2 Market positioning of vendors

Exhibit 118: Matrix on vendor position and classification

12.3 Air Liquide SA

Exhibit 119: Air Liquide SA - Overview
Exhibit 120: Air Liquide SA - Business segments
Exhibit 121: Air Liquide SA - Key news
Exhibit 122: Air Liquide SA - Key offerings
Exhibit 123: Air Liquide SA - Segment focus

12.4 Awishkar Chemicals Industries

Exhibit 124: Awishkar Chemicals Industries - Overview
Exhibit 125: Awishkar Chemicals Industries - Product / Service
Exhibit 126: Awishkar Chemicals Industries - Key offerings

12.5 Central Glass Co. Ltd.

Exhibit 127: Central Glass Co. Ltd. - Overview
Exhibit 128: Central Glass Co. Ltd. - Business segments
Exhibit 129: Central Glass Co. Ltd. - Key offerings
Exhibit 130: Central Glass Co. Ltd. - Segment focus

12.6 Inhance Technologies LLC

Exhibit 131: Inhance Technologies LLC - Overview
Exhibit 132: Inhance Technologies LLC - Product / Service
Exhibit 133: Inhance Technologies LLC - Key offerings

12.7 Iwatani Corp.

Exhibit 134: Iwatani Corp. - Overview
Exhibit 135: Iwatani Corp. - Business segments
Exhibit 136: Iwatani Corp. - Key offerings
Exhibit 137: Iwatani Corp. - Segment focus

12.8 Kanto Denka Kogyo Co. Ltd.

Exhibit 138: Kanto Denka Kogyo Co. Ltd. - Overview
Exhibit 139: Kanto Denka Kogyo Co. Ltd. - Business segments
Exhibit 140: Kanto Denka Kogyo Co. Ltd. - Key offerings
Exhibit 141: Kanto Denka Kogyo Co. Ltd. - Segment focus

12.9 Linde Plc

Exhibit 142: Linde Plc - Overview
Exhibit 143: Linde Plc - Business segments
Exhibit 144: Linde Plc - Key news
Exhibit 145: Linde Plc - Key offerings
Exhibit 146: Linde Plc - Segment focus

12.10 Merck KGaA

Exhibit 147: Merck KGaA - Overview
Exhibit 148: Merck KGaA - Business segments
Exhibit 149: Merck KGaA - Key news
Exhibit 150: Merck KGaA - Key offerings
Exhibit 151: Merck KGaA - Segment focus

12.11 Mitsubishi Chemical Corp.

Exhibit 152: Mitsubishi Chemical Corp. - Overview
Exhibit 153: Mitsubishi Chemical Corp. - Business segments
Exhibit 154: Mitsubishi Chemical Corp. - Key news
Exhibit 155: Mitsubishi Chemical Corp. - Key offerings
Exhibit 156: Mitsubishi Chemical Corp. - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

Exhibit 157: Inclusions checklist
Exhibit 158: Exclusions checklist

13.3 Currency conversion rates for US$

Exhibit 159: Currency conversion rates for US$

13.4 Research methodology

Exhibit 160: Research methodology
Exhibit 161: Validation techniques employed for market sizing
Exhibit 162: Information sources

13.5 List of abbreviations

Exhibit 163: List of abbreviations

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