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NF3 & F2 Market Analysis By Application (Semiconductor

k Chips, Flat Panel Display, Solar Cells, Uranium


Enrichment, Sulfur Hexafluoride, Electronic Cleaning) And
Segment Forecasts To 2020

Grand View Research, Inc.


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NF3 and F2 Market Analysis And Segment Forecasts
To 2024

About Us

Grand View Research is a market research and consulting company that provides syndicated
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Copyright © 2014 Grand View Research Inc., USA


All Rights Reserved. This document contains highly confidential information and is the sole
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reproduced without the approval of Grand View Research.

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NF3 and F2 Market Analysis And Segment Forecasts
To 2024

Table of Contents

Chapter 1 Executive Summary ........................................................ 11

Chapter 2 NF3 and F2 Industry Outlook ......................................... 21


2.1 Market Segmentation................................................................................................. 21
2.1.1 NF3 Market Segmentation ................................................................................ 21
2.1.2 F2 Market Segmentation................................................................................... 22
2.2 Market Size and Growth Prospects ............................................................................. 23
2.3 Value Chain Analysis................................................................................................... 25
2.3.1 NF3 – Value Chain Analysis ............................................................................... 25
2.3.2 F2 – Value Chain Analysis .................................................................................. 26
2.4 NF3 and F2 – Market dynamics ................................................................................... 27
2.4.1 Market driver analysis ...................................................................................... 28
2.4.1.1 Growth in uranium production ..................................... 28
2.4.1.2 Increasing solar power generation ............................... 30
2.4.1.3 Increasing demand of LCD televisions........................... 31
2.4.2 Market restraint analysis .................................................................................. 32
2.4.2.1 Environmental Regulations such as Kyoto Protocol ......... 32
2.4.2.2 Hazardous effects of NF3 and F2 .................................. 32
2.5 Industry Analysis – Porter’s ........................................................................................ 33
2.6 NF3 and F2 – PESTEL Analysis...................................................................................... 34

Chapter 3 NF3 Application Outlook ................................................ 35


3.1 NF3 market volume share by application, 2013 & 2020 ............................................... 35
3.2 Semiconductor chips .................................................................................................. 36
3.2.1 Global NF3 market estimates and forecast from semiconductor chips,
2012-2020, (Tons) (USD Million) ........................................................................ 36
3.3 Flat panel display ....................................................................................................... 37
3.3.1 Global NF3 market estimates and forecast from flat panel display, 2012-
2020, (Tons) (USD Million) ................................................................................ 37
3.4 Solar cells ................................................................................................................... 38
3.4.1 Global NF3 market estimates and forecast from solar cells, 2012-2020,
(Tons) (USD Million).......................................................................................... 38

Chapter 4 F2 Application Outlook ................................................... 40

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NF3 and F2 Market Analysis And Segment Forecasts
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4.1 F2 market volume share by application, 2013 & 2020 .................................................. 40


4.2 Uranium enrichment .................................................................................................. 41
4.2.1 Global F2 market estimates and forecast from uranium enrichment, 2012-
2020, (Tons) (USD Million) ................................................................................ 41
4.3 Sulfur hexafluoride ..................................................................................................... 42
4.3.1 Global F2 market estimates and forecast from sulphur hexafluoride, 2012-
2020, (Tons) (USD Million) ................................................................................ 42
4.4 Electronic cleaning ..................................................................................................... 43
4.4.1 Global F2 market estimates and forecast in electronic cleaning, 2012-
2020, (Tons) (USD Million) ................................................................................ 43

Chapter 5 NF3 Regional Outlook ..................................................... 44


5.1 NF3 market volume share by region, 2013 & 2020 ....................................................... 44
5.2 North America............................................................................................................ 45
5.2.1 North America NF3 market estimates and forecast, 2012-2020, (Tons)
(USD Million) .................................................................................................... 45
5.2.2 North America NF3 market by application, 2012 – 2020, (Tons) (USD
Million) ............................................................................................................ 46
5.3 Europe ....................................................................................................................... 48
5.3.1 Europe NF3 market estimates and forecast, 2012-2020, (Tons) (USD
Million) ............................................................................................................ 48
5.3.2 Europe NF3 market by application, 2012 – 2020, (Tons) (USD Million ................. 49
5.4 Asia Pacific ................................................................................................................. 51
5.4.1 Asia Pacific NF3 market estimates and forecast, 2012-2020, (Tons) (USD
Million) ............................................................................................................ 51
5.4.2 Asia Pacific NF3 market by application, 2012 – 2020 (Tons) (USD Million) ........... 52
5.5 RoW........................................................................................................................... 54
5.5.1 RoW NF3 market estimates and forecast, 2012-2020, (Tons) (USD Million) ......... 54
5.5.2 RoW NF3 market by application, 2012 – 2020 (Tons) (USD Million) ..................... 56

Chapter 6 F2 Regional Outlook ....................................................... 58


6.1 F2 market volume share by region, 2013 & 2020 ......................................................... 58
6.2 North America............................................................................................................ 59
6.2.1 North America F2 market estimates and forecast, 2012-2020, (Tons) (USD
Million) ............................................................................................................ 59
6.2.2 North America F2 market by application, 2012 – 2020, (Tons) (USD
Million) ............................................................................................................ 60
6.3 Europe ....................................................................................................................... 62

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NF3 and F2 Market Analysis And Segment Forecasts
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6.3.1 Europe F2 market estimates and forecast, 2012-2020, (Tons) (USD Million) ........ 62
6.3.2 Europe F2 market by application, 2012 – 2020, (Tons) (USD Million) ................... 63
6.4 Asia Pacific ................................................................................................................. 65
6.4.1 Asia Pacific F2 market estimates and forecast, 2012-2020, (Tons) (USD
Million) ............................................................................................................ 65
6.4.2 Asia Pacific F2 market by application, 2012 – 2020, (Tons) (USD Million)............. 66
6.5 RoW........................................................................................................................... 68
6.5.1 RoW F2 market estimates and forecast, 2012-2020 (Tons) (USD Million) ............ 68
6.5.2 RoW F2 market by application, 2012 – 2020 (Tons) (USD Million) ....................... 69

Chapter 7 Competitive Landscape .................................................. 72


7.1 Mitsui Chemicals ........................................................................................................ 72
7.1.1 Company Overview .......................................................................................... 72
7.1.2 Financial Performance ...................................................................................... 72
7.1.3 Product Benchmarking...................................................................................... 72
7.1.4 Strategic Initiatives ........................................................................................... 72
7.2 OCI Materials Co Ltd. .................................................................................................. 73
7.2.1 Company Overview .......................................................................................... 73
7.2.2 Financial Performance ...................................................................................... 73
7.2.3 Product Benchmarking...................................................................................... 73
7.2.4 Strategic Initiatives ........................................................................................... 73
7.3 Foosung Co Ltd. .......................................................................................................... 74
7.3.1 Company Overview .......................................................................................... 74
7.3.2 Financial Performance ...................................................................................... 74
7.3.3 Product Benchmarking...................................................................................... 74
7.3.4 Strategic Initiatives ........................................................................................... 74
7.4 HYOSUNG CORPORATION ........................................................................................... 75
7.4.1 Company Overview .......................................................................................... 75
7.4.2 Financial Performance ...................................................................................... 75
7.4.3 Product Benchmarking...................................................................................... 75
7.4.4 Strategic Initiatives ........................................................................................... 75
7.5 Linde AG .................................................................................................................... 75
7.5.1 Company Overview .......................................................................................... 75
7.5.2 Financial Performance ...................................................................................... 76
7.5.3 Product Benchmarking...................................................................................... 76

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NF3 and F2 Market Analysis And Segment Forecasts
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7.5.4 Strategic Initiatives ........................................................................................... 76


7.6 Navin Fluorine International Ltd. (NFIL)....................................................................... 77
7.6.1 Company Overview .......................................................................................... 77
7.6.2 Financial Performance ...................................................................................... 77
7.6.3 Product Benchmarking...................................................................................... 77
7.6.4 Strategic Initiatives ........................................................................................... 78
7.7 American Gas Group................................................................................................... 78
7.7.1 Company Overview .......................................................................................... 78
7.7.2 Financial Performance ...................................................................................... 78
7.7.3 Product Benchmarking...................................................................................... 78
7.7.4 Strategic Initiatives ........................................................................................... 79
7.8 Central Glass Co. Ltd. .................................................................................................. 79
7.8.1 Company Overview .......................................................................................... 79
7.8.2 Financial Performance ...................................................................................... 79
7.8.3 Product Benchmarking...................................................................................... 79
7.8.4 Strategic Initiatives ........................................................................................... 80
7.9 Formosa Plastics......................................................................................................... 80
7.9.1 Company Overview .......................................................................................... 80
7.9.2 Financial Performance ...................................................................................... 80
7.9.3 Product Benchmarking...................................................................................... 80
7.9.4 Strategic Initiatives ........................................................................................... 80
7.10 Kanto Denka Kogyo Co ltd (KDK) ................................................................................. 81
7.10.1 Company Overview .......................................................................................... 81
7.10.2 Financial Performance ...................................................................................... 81
7.10.3 Product Benchmarking...................................................................................... 81
7.10.4 Strategic Initiatives ........................................................................................... 82
7.11 Ulsan Chemical Co Ltd ................................................................................................ 82
7.11.1 Company Overview .......................................................................................... 82
7.11.2 Financial Performance ...................................................................................... 82
7.11.3 Product Benchmarking...................................................................................... 82
7.11.4 Strategic Initiatives ........................................................................................... 83
7.12 Air Products and Chemicals Inc. .................................................................................. 83
7.12.1 Company Overview .......................................................................................... 83
7.12.2 Financial Performance ...................................................................................... 83
7.12.3 Product Benchmarking...................................................................................... 83

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NF3 and F2 Market Analysis And Segment Forecasts
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7.12.4 Strategic Initiatives ........................................................................................... 84


7.13 Daesung ..................................................................................................................... 84
7.13.1 Company Overview .......................................................................................... 84
7.13.2 Financial Performance ...................................................................................... 84
7.13.3 Product Benchmarking...................................................................................... 84
7.13.4 Strategic Initiatives ........................................................................................... 80
7.14 Matheson .................................................................................................................. 85
7.14.1 Company Overview .......................................................................................... 85
7.14.2 Financial Performance ...................................................................................... 85
7.14.3 Product Benchmarking...................................................................................... 85
7.14.4 Strategic Initiatives ........................................................................................... 80

Chapter 8 Methodology and Scope ................................................. 86


8.1 Research Methodology ............................................................................................... 86
8.2 Research Scope & Assumptions .................................................................................. 86
8.3 List of Data Sources .................................................................................................... 88

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NF3 and F2 Market Analysis And Segment Forecasts
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List of Tables
TABLE 1 NF3 – Industry Summary & Critical Success Factors (CSFs) 11
TABLE 2 F2– Industry Summary & Critical Success Factors (CSFs) 12
TABLE 3 Global NF3 market volume and revenue, 2012 – 2020, (Tons) (USD Million) 13
TABLE 4 Global F2 market volume and revenue, 2012 – 2020, (Tons) (USD Million) 13
TABLE 5 Global NF3 market volume by region, (Tons), 2012 - 2020 14
TABLE 6 Global NF3 market revenue by region, (USD Million), 2012 - 2020 15
TABLE 7 Global F2 market volume by region, (Tons), 2012 - 2020 16
TABLE 8 Global F2 market revenue by region, (USD Million), 2012 - 2020 17
TABLE 9 Global NF3 market volume by application, (Tons), 2012 -2020 17
TABLE 10 Global NF3 market revenue by application, (USD Million), 2012 -2020 18
TABLE 11 Global F2 market volume by application, (Tons), 2012 -2020 19
TABLE 12 Global F2 market revenue by application, (USD Million), 2012 -2020 20
TABLE 13 NF3 and F2 – Key market driver analysis 28
TABLE 14 NF3 and F2 – Key market restraint analysis 32
TABLE 15 Global NF3 market estimates and forecast from semiconductor chips, 2012 –
2020, (Tons) (USD Million) 36
TABLE 16 Global NF3 market estimates and forecast from flat panel display, 2012-2020,
(Tons) (USD Million) 37
TABLE 17 Global NF3 market estimates and forecast from solar cells, 2020-2020, (Tons)
(USD Million) 38
TABLE 18 Global F2 market estimates and forecast from uranium enrichment, 2012 – 2020,
(Tons) (USD Million) 41
TABLE 19 Global F2 market estimates and forecast from sulfur hexafluoride, 2012-2020,
(Tons) (USD Million) 42
TABLE 20 Global F2 market estimates and forecast in electronic cleaning, 2012-2020, (Tons)
(USD Million) 43
TABLE 21 North America NF3 market estimates and forecast, 2012 – 2020, (Tons) (USD
Million) 45
TABLE 22 North America NF3 market volume by application, 2012 – 2020, (Tons) 46
TABLE 23 North America NF3 market revenue by application, 2012 – 2020, (USD Million) 47
TABLE 24 Europe NF3 market estimates and forecast, 2012 – 2020, (Tons) (USD Million) 48
TABLE 25 Europe NF3 market volume by application, 2012 – 2020, (Tons) 50
TABLE 26 Europe NF3 market revenue by application, 2012 – 2020, (USD Million) 51
TABLE 27 Asia Pacific NF3 market estimates and forecast, 2012 – 2020, (Tons) (USD
Million) 52
TABLE 28 Asia Pacific NF3 market volume by application, 2020 – 2020, (Tons) 53
TABLE 29 Asia Pacific NF3 market revenue by application, 2020 – 2020, (USD Million) 54
TABLE 30 RoW NF3 market estimates and forecast, 2012 – 2020, (Tons) (USD Million) 55
TABLE 31 RoW NF3 market volume by application, 2012 – 2020, (Tons) 56

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NF3 and F2 Market Analysis And Segment Forecasts
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TABLE 32 RoW NF3 market revenue by application, 2012 – 2020, (USD Million) 57
TABLE 33 North America F2 market estimates and forecast, 2012 – 2020, (Tons) (USD
Million) 59
TABLE 34 North America F2 market volume by application, 2020 – 2020, (Tons) 60
TABLE 35 North America F2 market revenue by application, 2020 – 2020, (USD Million) 61
TABLE 36 Europe F2 market estimates and forecast, 2012 – 2020, (Tons) (USD Million) 62
TABLE 37 Europe F2 market volume by application, 2012 – 2020, (Tons) 63
TABLE 38 Europe F2 market revenue by application, 2012 – 2020, (USD Million) 64
TABLE 39 Asia Pacific F2 market estimates and forecast, 2012 – 2020, (Tons) (USD Million) 65
TABLE 40 Asia Pacific F2 market volume by application, 2012 – 2020, (Tons) 66
TABLE 41 Asia Pacific F2 market revenue by application, 2012 – 2020, (USD Million) 67
TABLE 42 RoW F2 market estimates and forecast, 2012 – 2020, (Tons) (USD Million) 68
TABLE 43 RoW F2 market volume by application, 2012 – 2020, (Tons) 70
TABLE 44 RoW F2 market revenue by application, 2012 – 2020, (USD Million) 71

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NF3 and F2 Market Analysis And Segment Forecasts
To 2024

List of Figures
FIG. 1 NF3 Market Segmentation 21
FIG. 2 F2 Market Segmentation 22
FIG. 3 Global NF3 Market Volume and Revenue, 2012 - 2020 23
FIG. 4 Global F2 Market Volume and Revenue, 2012 - 2020 24
FIG. 5 NF3 - Value Chain Analysis 25
FIG. 6 F2 - Value Chain Analysis 26
FIG. 7 NF3 and F2 Market Dynamics 27
FIG. 8 NF3 and F2– Porter’s Analysis 33
FIG. 9 NF3 and F2 – PESTEL Analysis 34
FIG. 10 NF3 volume share by application, 2013 & 2020 35
FIG. 11 F2 market volume share by application, 2013 & 2020 40
FIG. 12 NF3 market volume share by region, 2013 & 2020 44
FIG. 13 F2 market volume share by region, 2013 & 2020 58

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NF3 and F2 Market Analysis And Segment Forecasts
To 2024

Chapter 1 Executive Summary


Nitrogen trifluoride (NF3) is an inorganic toxic, odorless, non-flammable compound. NF3 is
manufactured by the reaction of hydrochloric acid (HCL) and ammonia (NH3) and primarily used
in the cleaning of silicon wafers in semiconductor and solar energy applications.

TABLE 1 NF3 – Industry Summary & Critical Success Factors (CSFs)

Key market Market revenue: 2013 – USD 429.4 Million, 2020 – USD XX Million
intelligence
Market Volume: 2013 – 15,120.0 Tons, 2020- XX Tons

Region 2013 2020

North America 18.5% XX %

Regional revenue
Europe 11.8% XX %
trends

Asia Pacific 63.8% XX %

RoW 5.9% XX %

Key industry trends The growth of semiconductor industry in China, Japan and South Korea is expected to boost the
demand for NF3 in the production of semiconductor chips.xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
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Key market Increasing demand for flat panel displays coupled with low labor costs in China and Taiwan
opportunities attracted several television manufacturers to invest in Asia Pacific.
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PESTEL Analysis xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx


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CSF Xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Joint ventures and strategic alliances

Source: ICIS, Chemical Weekly, Fluoropolymer Products Information Center, Plastemart, Primary Interviews, Grand View Research

Fluorine gas (F2) is produced either from fluorite (fluorspar) or fluorapatite, used in uranium
enrichment, switchgears and electronic cleaning applications. Fluorine in the form of uranium
hexafluoride (UF6) and sulfur hexafluoride (SF6) are used for uranium enrichment and as a
dielectric medium for gas insulated switchgears, respectively.

©Grand View Research, Inc., USA. All Rights Reserved. Page | 11


NF3 and F2 Market Analysis And Segment Forecasts
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TABLE 2 F2– Industry Summary & Critical Success Factors (CSFs)

Key market Market revenue: 2013 – USD 7,361.7 Million, 2020– USD XXMillion
intelligence
Market Volume: 2013 – 56,250.0Tons, 2020- XX Tons

Region 2013 2024

North America 21.6% XX %

Regional revenue
Europe 13.8% XX %
trends

Asia Pacific 43.5% XX %

RoW 21.1% XX %

Key industry trends Growth of uranium production in Kazakhstan, Australia, Malawi, Niger is expected to boost the
demand for F2 in nuclear fission.xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
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Key market Nuclear power agreements by BRIC countries in order to increase their nuclear power
opportunities capacities are expected to boost the uranium production and are expected to propel the use of
F2 in the uranium enrichment.
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PESTEL Analysis xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx


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CSF xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Joint ventures and strategic alliances

Source: ICIS, Chemical Weekly, Fluoropolymer Products Information Center, Plastemart, Primary Interviews, Grand View Research

TABLE 3 Global NF3 market volume and revenue, 2012 – 2020, (Tons) (USD
Million)

CAGR
2012 2013 2014 2015 2016 2017 2018 2019 2020 (2014-
20)

Volume
(Tons) 13,500.0 15,120.0 xx xx xx xx xx xx xx xx%

Revenue
(USD 367.3 429.4 xx xx xx xx xx xx xx xx%
Million)
Source: ICIS, Chemical Weekly, Fluoropolymer Products Information Center, Plastemart, Primary Interviews, Grand View Research

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NF3 and F2 Market Analysis And Segment Forecasts
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The global NF3 market was 15,120.0 tons in 2013 and is expected to reach XX tons by 2020,
growing at a CAGR of XX from 2014 to 2020. In terms of revenue, the market was valued at
USD 429.4 million in 2013 and is expected to reach USD XX million by 2020, growing at a
CAGR of XX% from 2014 to 2020.

TABLE 4 Global F2 market volume and revenue, 2012 – 2020, (Tons) (USD Million)
CAGR
2012 2013 2014 2015 2016 2017 2018 2019 2020 (2014-
20)

Volume
(Tons) 50,000.0 56,250.0 xx xx xx xx xx xx xx xx%

Revenue
(USD 6,509.0 7,361.7 xx xx xx xx xx xx xx xx%
Million)
Source: ICIS, Chemical Weekly, Fluoropolymer Products Information Center, Plastemart, Primary Interviews, Grand View Research

Global F2 market was 56,250.0 tons in 2013 and is expected to reach XX tons by 2020, growing
at a CAGR of XX% from 2014 to 2020. In terms of revenue, the global F2 market was valued at
USD 7,361.7 million in 2013 and is expected to reach USD XX million by 2020, growing at a
CAGR of XX% from 2014 to 2020.

TABLE 5 Global NF3 market volume by region, (Tons), 2012 - 2020


CAGR
Region 2012 2013 2014 2015 2016 2017 2018 2019 2020 (2014-
2020)

North
America 2,430.0 2,723.1 xx xx xx xx xx xx xx xx%

Europe 1,485.0 1,625.4 xx xx xx xx xx xx xx xx%

Asia
Pacific 8,775.0 9,870.3 xx xx xx xx xx xx xx xx%

RoW 810.0 901.2 xx xx xx xx xx xx xx xx%

Total 13,500.0 15,120.0 xx xx xx xx xx xx xx xx%


Source: ICIS, Chemical Weekly, Fluoropolymer Products Information Center, Plastemart, Primary Interviews, Grand View Research

Asia Pacific dominated the global NF3 demand and is expected to be fastest growing market
over the forecast period. North America was the second largest market in 2013 and is expected
to be driven by growth of solar energy production in the U.S. and Mexico.
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NF3 and F2 Market Analysis And Segment Forecasts
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TABLE 6 Global NF3 market revenue by region, (USD Million), 2012 - 2020
CAGR
Region 2012 2013 2014 2015 2016 2017 2018 2019 2020 (2014-
2020)

North
America 70.5 79.6 xx xx xx xx xx xx xx xx%

Europe 46.0 50.6 xx xx xx xx xx xx xx xx%

Asia
Pacific 228.2 273.7 xx xx xx xx xx xx xx xx%

RoW 22.7 25.4 xx xx xx xx xx xx xx xx%

Total 367.3 429.4 xx xx xx xx xx xx xx xx%


Source: ICIS, Chemical Weekly, Fluoropolymer Products Information Center, Plastemart, Primary Interviews, Grand View Research

Xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
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TABLE 7 Global F2 market volume by region, (Tons), 2012 – 2020


CAGR
Region 2012 2013 2014 2015 2016 2017 2018 2019 2020 (2014-
2020)

North
America 10,500.0 11,700.0 xx xx xx xx xx xx xx xx%

Europe 6,500.0 7,284.4 xx xx xx xx xx xx xx xx%

Asia
Pacific 22,500.0 25,509.4 xx xx xx xx xx xx xx xx%

RoW 10,500.0 11,756.3 xx xx xx xx xx xx xx xx%

Total 50,000.0 56,250.0 xx xx xx xx xx xx xx xx%


Source: ICIS, Chemical Weekly, Fluoropolymer Products Information Center, Plastemart, Primary Interviews, Grand View Research

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NF3 and F2 Market Analysis And Segment Forecasts
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RoW is expected to be the second largest market by volume on account of increasing uranium
production in Niger, Malawi and increasing power demand in Middle-east augmenting the
growth of gas insulated switchgears for the forecast period.
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TABLE 8 Global F2 market revenue by region, (USD Million), 2012 - 2020


CAGR
Region 2012 2013 2014 2015 2016 2017 2018 2019 2020 (2014-
2020)

North
America 1,417.5 1,592.7 xx xx xx xx xx xx xx xx%

Europe 903.5 1,019.3 xx xx xx xx xx xx xx xx%

Asia
Pacific 2,812.5 3,202.0 xx xx xx xx xx xx xx xx%

RoW 1,375.5 1,547.8 xx xx xx xx xx xx xx xx%

Total 6,509.0 7,361.7 xx xx xx xx xx xx xx xx%


Source: ICIS, Chemical Weekly, Fluoropolymer Products Information Center, Plastemart, Primary Interviews, Grand View Research

Xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
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TABLE 9 Global NF3 market volume by application, (Tons), 2012 -2020


CAGR
Application 2012 2013 2014 2015 2016 2017 2018 2019 2020 (2014-
2020)

Semiconductor
chips 6,214.1 6,936.9 xx xx xx xx xx xx xx xx%

Flat panel display 4,877.6 5,487.9 xx xx xx xx xx xx xx xx%

Solar cells 2,408.4 2,695.2 xx xx xx xx xx xx xx xx%

Total 13,500.0 15,120.0 xx xx xx xx xx xx xx xx%


Source: ICIS, Chemical Weekly, Fluoropolymer Products Information Center, Plastemart, Primary Interviews, Grand View Research

Semiconductor chips were the largest application served by NF3 on account of surging
production of semiconductors in China, Japan, South Korea and Germany.
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NF3 and F2 Market Analysis And Segment Forecasts
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TABLE 10 Global NF3 market revenue by application, (USD Million), 2012 -2020
CAGR
Application 2012 2013 2014 2015 2016 2017 2018 2019 2020 (2014-
2020)

Semiconductor
chips 168.7 196.8 xx xx xx xx xx xx xx xx%

Flat panel display 132.4 155.7 xx xx xx xx xx xx xx xx%

Solar cells 66.2 77.0 xx xx xx xx xx xx xx xx%

Total 367.3 429.4 xx xx xx xx xx xx xx xx%


Source: ICIS, Chemical Weekly, Fluoropolymer Products Information Center, Plastemart, Primary Interviews, Grand View Research

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TABLE 11 Global F2 market volume by application, (Tons), 2012 -2020


CAGR
Application 2012 2013 2014 2015 2016 2017 2018 2019 2020 (2014-
2020)

Uranium
enrichment
23,500.0 26,464.5 xx xx xx xx xx xx xx xx%

Sulfur hexafluoride 19,500.0 21,820.3 xx xx xx xx xx xx xx xx%

Electronic cleaning 7,000.0 7,965.2 xx xx xx xx xx xx xx xx%

Total 50,000.0 56,250.0 xx xx xx xx xx xx xx xx%


Source: ICIS, Chemical Weekly, Fluoropolymer Products Information Center, Plastemart, Primary Interviews, Grand View Research

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NF3 and F2 Market Analysis And Segment Forecasts
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The increase in uranium has driven enrichment processes over the years and is expected to be
the largest application market for F2 over the next six years.
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TABLE 12 Global F2 market revenue by application, (USD Million), 2012 -2020


CAGR
Application 2012 2013 2014 2015 2016 2017 2018 2019 2020 (2014-
2020)

Uranium
enrichment
3,059.2 3,463.5 xx xx xx xx xx xx xx xx%

Sulfur hexafluoride 2,538.5 2,855.8 xx xx xx xx xx xx xx xx%

Electronic cleaning 911.3 1,042.3 xx xx xx xx xx xx xx xx%

Total 6,509.0 7,361.7 xx xx xx xx xx xx xx xx%


Source: ICIS, Chemical Weekly, Fluoropolymer Products Information Center, Plastemart, Primary Interviews, Grand View Research

©Grand View Research, Inc., USA. All Rights Reserved. Page | 17


NF3 and F2 Market Analysis And Segment Forecasts
To 2024

Chapter 2 NF3 and F2 Industry Outlook


2.1 Market Segmentation

2.1.1 NF3 Market Segmentation

FIG. 1 NF3 Market Segmentation

NF3

Application Region

• Semiconductor • North America


Chips • Europe
• Flat Panel Displays • Asia Pacific
• Solar Cells • RoW

Source: ICIS, Chemical Weekly, Fluoropolymer Products Information Center, Plastemart, Primary Interviews, Grand View Research

We have analyzed the nitrogen trifluoride (NF3) industry by segmenting the market on two
levels. Functional segmentation of the nitrogen trifluoride industry has been done based on key
application markets. Key applications included are semiconductor chips, flat panel displays and
solar cells. Furthermore, these have been segmented based on regional markets including
North America, Europe, Asia Pacific and RoW

©Grand View Research, Inc., USA. All Rights Reserved. Page | 18


NF3 and F2 Market Analysis And Segment Forecasts
To 2024

2.1.2 F2 Market Segmentation

FIG. 2 F2 Market Segmentation

F2

Application Region

• North America
• Uranium Enrichment
• Europe
• Sulfur Hexafluoride
• Asia Pacific
• Electronic Cleaning
• RoW

Source: ICIS, Chemical Weekly, Fluoropolymer Products Information Center, Plastemart, Primary Interviews, Grand View Research

We have analyzed the fluorine (F2) industry by segmenting the market on two levels. Functional
segmentation of the fluorine industry has been done based on key application markets. Key
applications included are uranium enrichment, sulfur hexafluoride and electronic cleaning.
Furthermore, these have been segmented based on regional markets including North America,
Europe, Asia Pacific and RoW.

©Grand View Research, Inc., USA. All Rights Reserved. Page | 19


NF3 and F2 Market Analysis And Segment Forecasts
To 2024

2.2 Market Size and Growth Prospects

The global NF3 market was 15,120.0 tons in 2013 and is expected to reach XX tons by 2020,
growing at a CAGR of XX% from 2014 to 2020. In terms of revenue, the market was valued at
USD 429.4 million in 2013 and is expected to reach USD XX million by 2020, growing at a
CAGR of XX% from 2014 to 2020.

FIG. 3 Global NF3 Market Volume and Revenue, 2012 - 2020

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Volume(Tons) Revenue(USD Million)

Source: ICIS, Chemical Weekly, Fluoropolymer Products Information Center, Plastemart, Primary Interviews, Grand View Research

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NF3 and F2 Market Analysis And Segment Forecasts
To 2024

FIG. 4 Global F2 Market Volume and Revenue, 2012 - 2020

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Volume(Tons) Revenue(USD Million)

Source: ICIS, Chemical Weekly, Fluoropolymer Products Information Center, Plastemart, Primary Interviews, Grand View Research

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NF3 and F2 Market Analysis And Segment Forecasts
To 2024

2.3 NF3 and F2 – Market dynamics

FIG. 5 NF3 and F2 Market Dynamics

Technology trends

• xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
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• xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
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• xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
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Raw material trends Regulatory trends

• xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx • xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
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NF3 and F2 market xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
• xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx • xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
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xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Buyer / application trends

• The replacement of NF3 by F2 in flat


panel displays and solar cells has
augmented the demand for F2

• Increasing uranium production is


expected to boost the demand for UF6
which is a significant consumer of
fluorine.

• Increasing demand of gas insulator


switchgears(GIS) is expected to
augment the demand for SF6

Source: ICIS, Chemical Weekly, Fluoropolymer Products Information Center, Plastemart, Primary Interviews, Grand View Research

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©Grand View Research, Inc., USA. All Rights Reserved. Page | 22


NF3 and F2 Market Analysis And Segment Forecasts
To 2024

2.3.1 Market driver analysis


TABLE 13 NF3 and F2 – Key market driver analysis
2014-16 2016-18 2018-20
Market drivers
Impact

Growth in uranium production High XX XX

Increasing solar power generation XX XX Medium

Increasing demand for LCD televisions XX High XX


Source: ICIS, Chemical Weekly, Fluoropolymer Products Information Center, Plastemart, Primary Interviews, Grand View Research

2.3.1.1 Growth in uranium production

Triuranium octoxide or Yellow Cake (U3O8) is used as an ore for the extraction of uranium from
mines. The fresh extracted uranium comprises of only 0.72% of U235 isotope with rest of U238
isotope content. Around 4% of U235 isotope is required for the uranium to undergo nuclear
fission.xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
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©Grand View Research, Inc., USA. All Rights Reserved. Page | 23


NF3 and F2 Market Analysis And Segment Forecasts
To 2024

2.3.2 Market restraint analysis


TABLE 14 NF3 and F2 – Key market restraint analysis

2014-16 2016-18 2018-20


Market restraints
Impact
Environmental Regulations such as XX XX Medium
Kyoto Protocol
Hazardous effects of NF3 and F2 Medium XX XX
Source: ICIS, Chemical Weekly, Fluoropolymer Products Information Center, Plastemart, Primary Interviews, Grand View Research

2.3.2.1 Environmental Regulations such as Kyoto Protocol

NF3 is a greenhouse emission gas with 17,200 times of Global Warming Potential (GWP) than
CO2, when compared to the period of 100 years. Kyoto Protocol has recognized NF3 as the
second most GWP gas after SF6 and included it in the list for second commitment period from
2013 However, Kyoto Protocol does not plan to phase out NF3 but registration of NF3 as a gas
is expected to restrict its use in the manufacturing of flat panels and thin-film solar cells.
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NF3 and F2 Market Analysis And Segment Forecasts
To 2024

2.4 Industry Analysis – Porter’s

FIG. 6 NF3 and F2– Porter’s Analysis

Threat of new entrants x

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xxxxxxx

Supplier power x Industry rivalry x Buyer power 4

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx There is increasing use of F2 and NF3 in


xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx uranium, semiconductors and electrical
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx applications on account of their properties
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx coupled with the limited availability of
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx environmental friendly alternatives for
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx fluorine. In addition, the high switching costs
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx associated with other alternates are
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx expected maintain demand for F2 and NF3
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx products. Buyer power is expected to be
xxxxxxx xxxxxxx medium over the forecast period.

Threat of substitutes x

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Source: ICIS, Chemical Weekly, Fluoropolymer Products Information Center, Plastemart, Primary Interviews, Grand View Research

©Grand View Research, Inc., USA. All Rights Reserved. Page | 25


NF3 and F2 Market Analysis And Segment Forecasts
To 2024

2.5 NF3 and F2 – PESTEL Analysis

FIG. 7 NF3 and F2 – PESTEL Analysis

Political Economic
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Social Technological
Demand for flat panel displays is increasing due to high definition xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
pictures xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Depleting conventional sources of energy has led to increased focus on xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
solar cell xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
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Legal Environmental
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Summary

This section contains summary of political, economic ,social, technological, legal and environmental factors.

Source: ICIS, Chemical Weekly, Fluoropolymer Products Information Center, Plastemart, Primary Interviews, Grand View Research

©Grand View Research, Inc., USA. All Rights Reserved. Page | 26


NF3 and F2 Market Analysis And Segment Forecasts
To 2024

Chapter 3 NF3 Application Outlook


3.1 NF3 market volume share by application, 2013 & 2020

Semiconductor chips were the largest application segment for NF3 and accounted for 45.9% of
market share. NF3 market for semiconductor chips is expected to account for XX% of total
market share in 2020.

FIG. 8 NF3 volume share by application, 2013 & 2020

2013 2020
17.8%

45.9%

36.3%

Semiconductor Chips Flat Panel Display Semiconductor Chips Flat Panel Display

Solar Cells Solar Cells

Source: ICIS, Chemical Weekly, Fluoropolymer Products Information Center, Plastemart, Primary Interviews, Grand View Research

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NF3 and F2 Market Analysis And Segment Forecasts
To 2024

3.2 Semiconductor chips

3.2.1 Global NF3 market estimates and forecast from semiconductor


chips, 2012-2020, (Tons) (USD Million)
The global NF3 market from semiconductor chips was 6,936.9 tons in 2013, and it is expected
to reach XX tons, growing at a CAGR of XX% from 2014 to 2020. In terms of revenue, the
market was valued at USD 196.8 million and is expected to reach revenue of USD XX million by
2020, growing at a CAGR of XX% from 2014 to 2020.

TABLE 15 Global NF3 market estimates and forecast from semiconductor chips,
2012 – 2020, (Tons) (USD Million)
CAGR
2012 2013 2014 2015 2016 2017 2018 2019 2020 (2014-
20)

Volume
6,214.1 6,936.9 xx xx xx xx xx xx xx xx%
(Tons)

Revenue
(USD 168.7 196.8 xx xx xx xx xx xx xx xx%
Million)
Source: ICIS, Chemical Weekly, Fluoropolymer Products Information Center, Plastemart, Primary Interviews, Grand View Research

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©Grand View Research, Inc., USA. All Rights Reserved. Page | 28


NF3 and F2 Market Analysis And Segment Forecasts
To 2024

Chapter 4 F2 Application Outlook


4.1 F2 market volume share by application, 2013 & 2020

Uranium enrichment was the largest application catered by F2 in 2013 and accounted for 47.0%
of market share in 2013. It is expected that uranium enrichment would account for XX% of
market share in 2020 on account of increasing production of uranium for nuclear power
generation in Kazakhstan, Australia, India, China, Russia.

FIG. 9 F2 market volume share by application, 2013 & 2020

2013 2020
14.2%

47.0%

38.8%

Uranium enrichment Sulfur Hexfluoride Uranium enrichment Sulfur Hexfluoride

Electronic Cleaning Electronic Cleaning

Source: ICIS, Chemical Weekly, Fluoropolymer Products Information Center, Plastemart, Primary Interviews, Grand View Research

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NF3 and F2 Market Analysis And Segment Forecasts
To 2024

4.2 Uranium enrichment

4.2.1 Global F2 market estimates and forecast from uranium


enrichment, 2012-2020, (Tons) (USD Million)
The global demand for F2 in uranium enrichment was 26,464.5 tons in 2013 and is expected to
reach XX tons in 2020, growing at a CAGR of XX% from 2014 to 2020. In terms of revenue, the
market was valued at USD 3,463.5 million in 2013 and is expected to reach USD XX million in
2020, growing at a CAGR of XX% from 2014 to 2020.

TABLE 16 Global F2 market estimates and forecast from uranium enrichment, 2012
– 2020, (Tons) (USD Million)
CAGR
2012 2013 2014 2015 2016 2017 2018 2019 2020 (2014-
20)

Volume
23,500.0 26,464.5 xx xx xx xx xx xx xx xx%
(Tons)

Revenue
(USD 3,059.2 3,463.5 xx xx xx xx xx xx xx xx%
Million)
Source: ICIS, Chemical Weekly, Fluoropolymer Products Information Center, Plastemart, Primary Interviews, Grand View Research

Xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
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©Grand View Research, Inc., USA. All Rights Reserved. Page | 30


NF3 and F2 Market Analysis And Segment Forecasts
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Chapter 5 NF3 Regional Outlook


5.1 NF3 market volume share by region, 2013 & 2020

Asia Pacific dominated the NF3 market with 43.5% of the total market share in 2013 and is
expected to contribute XX% of total market share in 2020. Xxxxxxxxxxxxxxxxxxxx
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FIG. 10 NF3 market volume share by region, 2013 & 2020

2013 2020

21.0% 21.6%

13.8%

43.5%

North America Europe Asia Pacific RoW North America Europe Asia Pacific RoW

Source: ICIS, Chemical Weekly, Fluoropolymer Products Information Center, Plastemart, Primary Interviews, Grand View Research

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NF3 and F2 Market Analysis And Segment Forecasts
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5.2 North America

5.2.1 North America NF3 market estimates and forecast , 2012-2020,


(Tons) (USD Million)
North American NF3 market was 2,723.1 tons in 2013 and is expected to reach XX tons in
2020, growing at a CAGR of XX% from 2014 to 2020. In terms of revenue, the market was
valued at USD 79.6 million in 2013 and is expected to reach USD XX million in 2020, growing at
a CAGR of XX% from 2014 to 2020.

TABLE 17 North America NF3 market estimates and forecast, 2012 – 2020, (Tons)
(USD Million)
CAGR
2012 2013 2014 2015 2016 2017 2018 2019 2020 (2014-
20)

Volume
2,430.0 2,723.1 xx xx xx xx xx xx xx xx%
(Tons)

Revenue
(USD 70.5 79.6 xx xx xx xx xx xx xx xx%
Million)
Source: ICIS, Chemical Weekly, Fluoropolymer Products Information Center, Plastemart, Primary Interviews, Grand View Research

Xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
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©Grand View Research, Inc., USA. All Rights Reserved. Page | 32


NF3 and F2 Market Analysis And Segment Forecasts
To 2024

5.2.2 North America NF3 market b y application, 2012 – 2020, (Tons)


(USD Million)
Semiconductor chips was the largest application catered by NF3 in North America with an
estimated demand of 1,220.0 tons in 2013 and is expected to reach XX tons in 2020, growing at
a CAGR of XX% from 2014 to 2020. Flat panel display and solar cells followed semiconductor
chips with a CAGR of XX% and XX% from 2014 to 2020, respectively.

TABLE 18 North America NF3 market volume by application, 2012 – 2020, (Tons)
CAGR
Application 2012 2013 2014 2015 2016 2017 2018 2019 2020 (2014-
20)

Semiconductor
1,093.5 1,220.0 xx xx xx xx xx xx xx xx%
chips

Flat panel
850.5 959.9 xx xx xx xx xx xx xx xx%
display

Solar cells 486.0 543.3 xx xx xx xx xx xx xx xx%

Total 2,430.0 2,723.1 xx xx xx xx xx xx xx xx%

Source: ICIS, Chemical Weekly, Fluoropolymer Products Information Center, Plastemart, Primary Interviews, Grand View Research

North American NF3 market from semiconductor chips was valued at USD 35.7 million in 2013
and is expected to reach USD XX million in 2020, growing at a CAGR of XX% from 2014 to
2020. The demand for NF3 in flat panel displays and solar cells in North America is expected to
witness the CAGR of XX% and XX% from 2014 to 2020, respectively.

TABLE 19 North America NF3 market revenue by application, 2012 – 2020, (USD
Million)
CAGR
Application 2012 2013 2014 2015 2016 2017 2018 2019 2020 (2014-
20)

Semiconductor
31.7 35.7 xx xx xx xx xx xx xx xx%
chips

Flat panel
24.7 28.1 xx xx xx xx xx xx xx xx%
display

Solar cells 14.1 15.9 xx xx xx xx xx xx xx xx%

Total 70.5 79.6 xx xx xx xx xx xx xx xx%

Source: ICIS, Chemical Weekly, Fluoropolymer Products Information Center, Plastemart, Primary Interviews, Grand View Research

©Grand View Research, Inc., USA. All Rights Reserved. Page | 33


NF3 and F2 Market Analysis And Segment Forecasts
To 2024

Chapter 6 F2 Regional Outlook


6.1 F2 market volume share by region, 2013 & 2020

Asia Pacific was the largest regional market for F2 with 45.4% of the market share in 2013 and
is expected to account for XX% in 2020. The increase in nuclear power generation in China,
India and Australia is expected to boost the use of F2 in uranium enrichment over the forecast
period.

FIG. 11 F2 market volume share by region, 2013 & 2020

2013 2020

20.9% 20.8%

13.0%

45.4%

North America Europe Asia Pacific RoW North America Europe Asia Pacific RoW

Source: ICIS, Chemical Weekly, Fluoropolymer Products Information Center, Plastemart, Primary Interviews, Grand View Research

RoW followed Asia Pacific in 2013 with 20.9% of total market share and is expected to account
for XX% of total market share in 2020.xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
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NF3 and F2 Market Analysis And Segment Forecasts
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6.2 North America

6.2.1 North America F2 market estimates and forecast , 2012-2020,


(Tons) (USD Million)
North American F2 market was 11,700.0 tons in 2013 and is expected to reach XX tons in 2020,
growing at a CAGR of XX% from 2014 to 2020. In terms of revenue, the market was valued at
USD 1,592.7 million in 2013 and is expected to reach USD XX million in 2020, growing at a
CAGR of XX% from 2014 to 2020.

TABLE 20 North America F2 market estimates and forecast, 2012 – 2020, (Tons)
(USD Million)
CAGR
2012 2013 2014 2015 2016 2017 2018 2019 2020 (2014-
20)

Volume
10,500.0 11,700.0 xx xx xx xx xx xx xx xx%
(Tons)

Revenue
(USD 1,417.5 1,592.7 xx xx xx xx xx xx xx xx%
Million)
Source: ICIS, Chemical Weekly, Fluoropolymer Products Information Center, Plastemart, Primary Interviews, Grand View Research

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NF3 and F2 Market Analysis And Segment Forecasts
To 2024

6.2.2 North America F2 market by application, 2012 – 2020, (Tons)


(USD Million)
North American F2 market for uranium enrichment was 5,504.9 tons in 2013 and is expected to
reach XX tons in 2020, growing at a CAGR of XX% from 2014 to 2020. Sulfur hexafluoride and
electronic cleaning are expected to witness growth at a CAGR of XX% and XX% from 2014 to
2020.

TABLE 21 North America F2 market volume by application, 2012 – 2020, (Tons)


CAGR
Application 2012 2013 2014 2015 2016 2017 2018 2019 2020 (2014-
20)

Uranium
4,935.0 5,504.9 xx xx xx xx xx xx xx xx%
enrichment

Sulfur
4,095.0 4,539.6 xx xx xx xx xx xx xx xx%
Hexafluoride

Electronic
1,470.0 1,655.6 xx xx xx xx xx xx xx xx%
cleaning

Total 10,500.0 11,700.0 xx xx xx xx xx xx xx xx%

Source: ICIS, Chemical Weekly, Fluoropolymer Products Information Center, Plastemart, Primary Interviews, Grand View Research

North American F2 market for uranium enrichment was valued at USD 749.3 million in 2013 and
is expected to reach USD XX million in 2020, growing at a CAGR of XX% from 2014 to 2020.

TABLE 22 North America F2 market revenue by application, 2012 – 2020, (USD


Million)
CAGR
Application 2012 2013 2014 2015 2016 2017 2018 2019 2020 (2014-
20)

Uranium
666.2 749.3 xx xx xx xx xx xx xx xx%
enrichment

Sulfur
552.8 618.0 xx xx xx xx xx xx xx xx%
Hexafluoride

Electronic
198.5 225.4 xx xx xx xx xx xx xx xx%
cleaning

Total 1,417.5 1,592.7 xx xx xx xx xx xx xx xx%

Source: ICIS, Chemical Weekly, Fluoropolymer Products Information Center, Plastemart, Primary Interviews, Grand View Research

©Grand View Research, Inc., USA. All Rights Reserved. Page | 36


NF3 and F2 Market Analysis And Segment Forecasts
To 2024

Chapter 7 Competitive Landscape


7.1 Mitsui Chemicals

7.1.1 Compan y Overview


Mitsui Chemicals Inc. was formed in 1971 at Tokyo, Japan. The company has around 15000
employees and has more than 135 affiliates and subsidiaries. The company functions under six
business heads that include functional chemicals, functional polymeric materials, polyurethane,
basic chemicals, petrochemicals, and film/sheets. The company manufactures nitrogen
trifluoride at Shimonoseki Mitsui Chemicals, Inc., a domestic subsidiary of Mitsui Chemicals
located at Shimonoseki, Japan.

7.1.2 Financial Performance

2012 2013

USD XX billion USD XX billion

7.1.3 Product Benchmarking


Product
Application

Nitrogen trifluoride Etching, clearing agent for CVD apparatus

7.1.4 Strategic Initiatives

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NF3 and F2 Market Analysis And Segment Forecasts
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7.2 OCI Materials Co Ltd.

7.3 Foosung Co Ltd.

7.4 HYOSUNG CORPORATION

7.5 Linde AG

7.6 Navin Fluorine International Ltd. (NFIL)

7.7 American Gas Group

7.8 Central Glass Co. Ltd.

7.9 Formosa Plastics

7.10 Kanto Denka Kogyo Co ltd (KDK)

7.11 Ulsan Chemical Co Ltd

7.12 Air Products and Chemicals Inc.

7.13 Daesung

7.14 Matheson

©Grand View Research, Inc., USA. All Rights Reserved. Page | 38


NF3 and F2 Market Analysis And Segment Forecasts
To 2024

Chapter 8 Methodology and Scope


8.1 Research Methodology

We implement a mix of primary and secondary research for our market estimate and forecast.
Secondary research forms the initial phase of our study, where we conducted extensive data
mining, referring to verified data sources such as independent studies, government and
regulatory published material, technical journals, trade magazines paid data sources. This forms
the basis of our estimates.

For forecasting, the following parameters were considered,

Market drivers and restraints, along with their current and expected impact
Technological scenario and expected developments
End-use industry trends and dynamics
Trends in consumer behavior
We assigned weights to these parameters and have quantified their market impact using
weighted average analysis, to derive an expected market growth rate.

All our estimates and forecasts were verified through exhaustive primary research with Key
Industry Participants (KIPs) which typically include,

Market leading companies


Raw material manufacturers
System integrators
The key objectives of primary research are as follows,

To validate our data in terms of accuracy and acceptability


To gain an insight in to the current market and future expectations

8.2 Research Scope & Assumptions

The report provides market value for base year 2013 and a yearly forecast to 2020 in terms of
volume (Tons) and revenue (USD Million). Market for each product and application has been
provided on a regional basis for the above mentioned forecast period.

©Grand View Research, Inc., USA. All Rights Reserved. Page | 39


NF3 and F2 Market Analysis And Segment Forecasts
To 2024

Key industry dynamics, regulatory scenario, major technological trends and application markets
are evaluated to understand their impact on demand for the forecast period. Growth rates are
estimated using correlation, regression and time-series analysis.

We have used a bottom-up approach for market sizing, analyzing key regional markets,
dynamics and trends for various end-uses. Global market is estimated by integrating regional
markets. Inflation has not been considered while estimating and forecasting the market.

All market estimates and industry analysis have been validated through exhaustive primary
research with key industry participants and consumers.

8.3 List of Data Sources

List of secondary sources include but are not limited to:

ICIS
Factiva
OneSource
FluoroConsultants Group, LLC
Worldwide Independent Investors Association
The Fluoropolymers Division (FPD)
The Society of Plastics Industry, Inc.
The Plastic Industry Trade Association
The Fluoropolymer Products Information Center (FPIC)
Company Annual Reports

List of primary sources include but are not limited to:

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NF3 and F2 Market Analysis And Segment Forecasts
To 2024

Disclaimer

In response to request/orders received, Grand View Research provides strategic


business/market analysis services to a select group of customers that are limited to publications
containing valuable market information. The publication is solely for our customers’ internal use.
It is acknowledged by our customer, by placing the order that no part of this strategic market
analysis service is for general publication or disclosure to third party.

Grand View Research doesn’t make any warranty for the accuracy of the data as these are
primarily based on interviews and therefore, liable for fluctuation. Also, Grand View Research
doesn’t take responsibility for incorrect information supplied by manufacturers or users.

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