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F2/N2 Gas Mixture Market Segmented By Semiconductor Electronics, Pharmaceuticals, Plastic Surface Modification with 10%F2N2, 20%F2N2 Product
The F2/N2 gas mixture report covers comprehensive information about the trends and volume (Tons) & value (US$ Mn) projections. Additionally, it provides information regarding recent developments, market dynamics and competition dashboard of the global F2/N2 gas mixture market for the period 2018 to 2026.
The global F2/N2 gas mixture market is estimated to reach a volume of 26,377 tons by the end of 2026 while registering a CAGR of 3.7% during the forecast period. Some of the factors which are boosting the growth of the F2/N2 gas mixture market are increasing disposable income in developed and emerging economies and government initiatives to promote the growth of end-use industries.
The electronics industry has witnessed robust growth in recent times owing to the swiftly rising demand for consumer electronic products. This in turn, has been fueling the demand for F2/N2 gas mixture, which is required for the manufacturing and maintenance of electronic components.
This has been driving the market for F2/N2 gas mixture across the globe. During recent years, F2/N2 gas mixture has also found applications in the Etching and Deposition process, which is one of the key drivers responsible for the growth of global F2/N2 gas mixture market currently.
The demand for F2/N2 gas mixture is estimated to increase due to rapid urbanization, increasing disposable income in developing economics and growing demand for sustainable solutions. Owing to growing economic affluence, consumers are shifting towards products, such as F2/N2 gas mixture, which were unaffordable previously.
This, in turn, has resulted in an upsurge in the demand for consumer electronic products, such as computers, laptops, mobiles etc. Steady growth of end-use industries is expected to drive the demand for F2/N2 gas mixture during the forecast period.
The positively growing healthcare landscape is changing rapidly owing to various key factors, such as busy lifestyle, etc. Globally, people are becoming more aware about and thus, the demand for pharmaceutical grade supplements is increasing across the world, which in turn, is leading to high consumption of active pharma ingredients and excipients used in pharmaceutical industries.
Now a days, people are investing heavily to modify their offices and homes with light weight and innovative products. The demand for plastic products is expected to increase in near future. This, in turn, is anticipated to increase the demand for F2/N2 gas mixture from the polymer & plastic industry, which will provide impetus to the global and regional F2/N2 gas mixture market.
The global F2/N2 gas mixture market is highly consolidated. The top five key players in the F2/N2 gas mixture market are estimated to hold more than two-third of the market volume share in 2018. In addition, small players are planning to invest in R&D to introduced new products in F2/N2 gas mixture categories.
During the last decade, the F2/N2 gas mixture market witnessed productive developments. Capacity expansions, collaborations and acquisitions are some of the favorite key strategies opted by key producers to sustain in the global F2/N2 gas mixture market.
Some of the prominent players covered in this study on the F2/N2 gas mixture market are Solvay SA, Versium Materials, Air Products and Chemicals, Inc., Air Liquide S.A., Hyosung Japan Co., Ltd, Ingentec Corp, Pelchem SOC Ltd, Wuxi Yuntong Gas Co., Ltd etc.