Chlorine Trifluoride Market Forecasts to 2028 – Global Analysis By Application (Industrial Applications, Nuclear Power, Military Applications, Semiconductor Cleaning, Rocket Propellant) and By Geography
According to Stratistics MRC, the Global Chlorine Trifluoride Market is accounted for $45.48 million in 2020 and is expected to reach $73.59 million by 2028 growing at a CAGR of 6.2% during the forecast period. Factors such as growing semiconductor industry, increasing demand for clean power, and rapid industrialization are driving the growth of the market. However, highly reactive and toxic nature of chlorine trifluoride is hampering the growth of the market.
Chlorine trifluoride is an interhalogen compound which is a colorless gas or green liquid with a pungent odor. It acts as an oxidizing and fluorinating agent. It converts many metal oxides to oxygen difluoride or oxygen and metal halides.
Based on the application, the rocket propellant segment is anticipated to expand at a rapid pace during the forecast period due to the continuous research and development activities in the aerospace sector. By geography, Asia Pacific is going to have high growth during the forecast period which can be attributed to the increasing nuclear power generation activities in countries like China and India.
Some of the key players profiled in the Chlorine Trifluoride Market include Air Liquide, Taiyo Nippon Sanso Corporation, Linde PLC, Air Products & Chemicals, Central Glass, Advance Research Chemicals, Kanto Denka Kogya Co. Ltd., Matheson Tri-Gas Inc., and Versum Materials.
• Industrial Grade
• Electronic Grade
• Industrial Applications
• Nuclear Power
• Military Applications
• Semiconductor Cleaning
• Rocket Propellant
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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