Market Overview:
The global high purity trifluoromethane market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for semiconductors and research applications, and the growing use of trifluoromethane as a refrigerant in various industries. Based on type, the global high purity trifluoromethane market can be segmented into 4N and 5N grades. The 5N grade is expected to account for a larger share of the market than 4N grade during the forecast period. This can be attributed to its superior properties such as low moisture content, low levels of impurities, and good thermal stability. Based on application, the global high purity trifluoromethane market can be segmented into research applications, semiconductor applications, and other applications.
Product Definition:
High Purity Trifluoromethane is a colorless, non-flammable gas with a slightly sweet odor. It is used as an industrial solvent and in the manufacture of refrigerants, aerosols, and fluorocarbons.
4N:
4N, also known as tetrafluoroethane, is a non-flammable and colorless liquid. It has a suffocating odor similar to that of chloroform. 4N is the most extensively used refrigerant in the world and accounts for approximately 50% of all refrigerants produced globally.
5N:
5N or pentane is a hydrocarbon with the formula C5H11. It is an organic compound and as such is also classified as an aromatic. 5N has a strong aroma similar to that of gasoline which makes it suitable for use in deicing fluids, fuel additives, and other applications where the smell of gas is undesirable.
Application Insights:
The global market is segmented by application into research, semiconductor, and others. The other applications include pharmaceuticals and cosmetics. Among these applications, the research segment dominated the overall industry in terms of revenue in 2017 owing to high product demand from various R&D laboratories across the globe.
The global market for semiconductors was valued at USD 1.9 billion in 2017 on account of increasing product demand from electronic devices manufacturing plants across China India Japan South Korea Taiwan Vietnam U.S.
Regional Analysis:
Asia Pacific was the leading regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global production owing to cheap labor, high economic development, and availability of land. China is one of the largest producers as well as consumers in this region due to growing demand from various end-use industries such as semiconductor, pharmaceuticals, research chemicals etc.
North America accounted for a significant share in terms of revenue generation owing to increasing R&D activities across several sectors including healthcare & life sciences and electronics & electrical engineering sector by domestic companies coupled with collaborations with foreign entities based out of country. This has led to an increase in consumption levels across this region over the past few years.
Growth Factors:
- Increasing demand for High Purity Trifluoromethane in various end-use industries such as electronics, pharmaceuticals, and agrochemicals is expected to drive the market growth.
- Growing awareness about the benefits of using High Purity Trifluoromethane over other substitutes is projected to fuel the market growth.
- Rising investments by key players in R&D activities for product innovation is likely to propel the market growth during the forecast period.
- Stringent government regulations pertaining to environmental protection are anticipated to create opportunities for market expansion over the next few years. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
High Purity Trifluoromethane Market Research Report
By Type
4N, 5N
By Application
Research, Semiconductor, Other
By Companies
Showa Denko, Merck Group, SK Material, Linde Gas, Jinhong Gas, Huate Gas, Jiyuan Gas, Showa Denko
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
209
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global High Purity Trifluoromethane Market Report Segments:
The global High Purity Trifluoromethane market is segmented on the basis of:
Types
4N, 5N
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Research, Semiconductor, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Showa Denko
- Merck Group
- SK Material
- Linde Gas
- Jinhong Gas
- Huate Gas
- Jiyuan Gas
- Showa Denko
Highlights of The High Purity Trifluoromethane Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 4N
- 5N
- By Application:
- Research
- Semiconductor
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High Purity Trifluoromethane Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Trifluoromethane is a highly purified gas that has a purity of 99.995%.
Some of the key players operating in the high purity trifluoromethane market are Showa Denko, Merck Group, SK Material, Linde Gas, Jinhong Gas, Huate Gas, Jiyuan Gas, Showa Denko.
The high purity trifluoromethane market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Purity Trifluoromethane Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 High Purity Trifluoromethane Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Purity Trifluoromethane Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the High Purity Trifluoromethane Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global High Purity Trifluoromethane Market Size & Forecast, 2018-2028
4.5.1 High Purity Trifluoromethane Market Size and Y-o-Y Growth
4.5.2 High Purity Trifluoromethane Market Absolute $ Opportunity
Chapter 5 Global High Purity Trifluoromethane Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 High Purity Trifluoromethane Market Size Forecast by Type
5.2.1 4N
5.2.2 5N
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global High Purity Trifluoromethane Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 High Purity Trifluoromethane Market Size Forecast by Applications
6.2.1 Research
6.2.2 Semiconductor
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Purity Trifluoromethane Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 High Purity Trifluoromethane Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America High Purity Trifluoromethane Analysis and Forecast
9.1 Introduction
9.2 North America High Purity Trifluoromethane Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America High Purity Trifluoromethane Market Size Forecast by Type
9.6.1 4N
9.6.2 5N
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America High Purity Trifluoromethane Market Size Forecast by Applications
9.10.1 Research
9.10.2 Semiconductor
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe High Purity Trifluoromethane Analysis and Forecast
10.1 Introduction
10.2 Europe High Purity Trifluoromethane Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe High Purity Trifluoromethane Market Size Forecast by Type
10.6.1 4N
10.6.2 5N
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe High Purity Trifluoromethane Market Size Forecast by Applications
10.10.1 Research
10.10.2 Semiconductor
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific High Purity Trifluoromethane Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific High Purity Trifluoromethane Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific High Purity Trifluoromethane Market Size Forecast by Type
11.6.1 4N
11.6.2 5N
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific High Purity Trifluoromethane Market Size Forecast by Applications
11.10.1 Research
11.10.2 Semiconductor
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America High Purity Trifluoromethane Analysis and Forecast
12.1 Introduction
12.2 Latin America High Purity Trifluoromethane Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America High Purity Trifluoromethane Market Size Forecast by Type
12.6.1 4N
12.6.2 5N
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America High Purity Trifluoromethane Market Size Forecast by Applications
12.10.1 Research
12.10.2 Semiconductor
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) High Purity Trifluoromethane Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) High Purity Trifluoromethane Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) High Purity Trifluoromethane Market Size Forecast by Type
13.6.1 4N
13.6.2 5N
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) High Purity Trifluoromethane Market Size Forecast by Applications
13.10.1 Research
13.10.2 Semiconductor
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 High Purity Trifluoromethane Market: Competitive Dashboard
14.2 Global High Purity Trifluoromethane Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Showa Denko
14.3.2 Merck Group
14.3.3 SK Material
14.3.4 Linde Gas
14.3.5 Jinhong Gas
14.3.6 Huate Gas
14.3.7 Jiyuan Gas
14.3.8 Showa Denko
