Chlorine trifluoride Market is an inter-halogen compound with the formula CIF3. It is colorless gas, a greenish liquid or can be present as in white solid form. The chemical reacts with water to form chorine and hydrofluoric acid with the release of heat. The chemical is majorly used as a fluorinating agent as igniter and propellant in rockets. Besides it has major use in nuclear fuel processing. The chlorine trifluoride market is anticipated to witness growing demand from end use industries due increasing development globally, rapid urbanization, rising investment and innovation of products will drive the market growth.
Chlorine Trifluoride Market Report Outlook
The global chlorine trifluoride market is projected to witness growth at significant pace during the forecast period owing to driving factors like rapid digitalization and automated industrial manufacturing solutions has fueling growth owing to increasing usage electronic industries and major use of chlorine trifluoride for cleaning purposes. In addition rapidly growing semiconductor industry is further propelling the chlorine trifluoride market growth attributing to increasing demand for industry for cleaning purposes.
COVID-19 Impact on Chlorine Trifluoride Market Report
The exclusive COVID 19 impact analysis report by Axiom MRC provides a 3600 analysis of micro and macro-economic factors on the chlorine trifluoride market. In addition, complete analysis of changes on the chlorine trifluoride market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market.
Chlorine Trifluoride Market Segmental Overview
The chlorine trifluoride market is segmented based on grade, form, end use and geography.
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Chlorine Trifluoride Market by Grade
The chlorine trifluoride is available in market in different grade like electronic grade and industrial grade. Electronic Grade is projected to lead in the market attributing to increasing demand from end use industries. Besides the electronic grade is the raw material with high purity, which makes it highly acceptable in market thereby driving the market growth.
Chlorine Trifluoride Market by Foam
The chlorine trifluoride is present in different form like gas, liquid, solid. Gas is anticipated to dominate in market. The majority of the chemical form is shipped and stored as liquefied, compressed gas. The growth of segment is due to its use a flammable in semiconductor industries due to its use for etching and cleaning purposes because of powerful oxidizing ability.
Chlorine Trifluoride Market by End Use
The chlorine trifluoride market has major end use in semiconductor industry, rocket propellant, military, and nuclear power. Semiconductor industry is anticipated to dominate in the chlorine trifluoride market owing to its potential use in clean chemical vapor deposition chambers. Besides this chemical is used to remove chamber walls’ semiconductor material without need to dismantle. The features of chlorine trifluoride and technological advancement in semiconductor industry is expected to drive the growth of semiconductor industry thereby fueling the market growth.
Chlorine Trifluoride Market Key Players
The key players in chlorine trifluoride market are Air Products and Chemicals, Inc., Versum Materials, DOD Technologies Inc., Air Liquide S.A., Linde, Enerize Corporation, Mott Corporation, Kanto Denka Kogyo Co., Ltd., Wuxi Yuantong Gas Co., Ltd. and Chengdu Xinyuan Chemical Co., Ltd. among others.
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