The report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Nitrogen Trifluoride Market is likely to witness an impressive CAGR of 11.5% during the forecast period.
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Based on the application type, the market is segmented as semiconductor, flat panel displays, LED, solar PV cells, and others. The semiconductor segment is estimated to be the largest segment of the market during the forecast period owing to its growing usage in clean process chambers. On the other hand, flat panel displays are estimated to witness significant growth in the market on account of rising flat panel display sector. Further, LED is also estimated to account for a significant share of the market owing to growing adoption of LED solid state lighting, fueling the segment’s growth during the forecast period.
Nitrogen Trifluoride Market Share: By Region
In terms of regions, North America is estimated to be the leading region in the market during the forecast period on account of rising disposable income coupled with high spending on consumer electronics and well established semiconductor & LED manufacturing industries in the regional market. Similarly, Europe is also estimated to witness significant growth in the market owing to rapidly growing semiconductor chips manufacturing in the regional market. Further, Asia-Pacific is estimated to register high growth in the market on account of growing electronics manufacturing industries in the region during the forecast period.
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This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
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