Linde plc entered into a long-term contract for the supply of industrial gases, with one of the world's largest semiconductor manufacturers. Further, the company will provide the client ultra-high-quality nitrogen, oxygen, and argon, to meet the most demanding standards of the semiconductor industry.
Praxair, Inc. one of the largest industrial gas companies in the world started to raise nitrogen capacity at its Pyeongtaek, South Korea plant to satisfy rising demand at Samsung's semiconductor production complex.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 4199
Published Date: May 02, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Growing prevalence of eye surgeries and rising smartphone production are the major factors driving the market growth.
The market size of octafluoropropane is anticipated to attain a CAGR of 6% over the forecast period, i.e., 2023-2035.
Strict government rules for usage in certain countries and the need for trained workers for handling and storing are estimated to be the growth hindering factors for the market expansion.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
The major players in the market are Messer Industries GmbH, Praxair, Inc., Showa Denko K.K., Kanto Denka Kogyo Co., Ltd., F2 Chemicals Ltd, Electronics Fluorocarbons, LLC., Guangdong Huate Gas Co., Ltd, PanGas AG, HaloPolymer, OJSC, and others.
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by application, product grade, and by region.
The semiconductor segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.