Global Electronic Gases Market Size By Type (Specialty Electronic Gases, Bulk Electronic Gases), By Application (Deposition, Etching), By Region, And Segment Forecasts, 2023 to 2032

The Global Electronic Gases Market, valued at USD 10.2 billion in 2023, is projected to reach USD 17.5 billion by 2031, growing at a CAGR of 6.9% from 2023 to 2031. This market expansion is driven by the increasing demand for high-purity electronic gases, essential in semiconductor manufacturing and other high-tech applications. As industries such as consumer electronics, telecommunications, and renewable energy require smaller, more efficient, and advanced components, the demand for electronic gases continues to surge.

Drivers

Rising Demand in Semiconductor Manufacturing: The rapid advancement in semiconductors, with growing demand for integrated circuits (ICs) and other electronic components, fuels the electronic gases market.

Increased Adoption of Renewable Energy: The expansion of renewable energy solutions, particularly in photovoltaic (solar) applications, drives the need for specialized electronic gases.

Growth of the Electronics Industry: With the rise in electronics production and innovation, especially in consumer devices, demand for high-purity electronic gases is rising.

Restraints

Stringent Environmental Regulations: Regulatory restrictions on the production and use of certain gases due to environmental concerns may hinder market growth.

High Production Costs: The production of ultra-high-purity gases involves significant costs, which may impact smaller manufacturers and affect pricing.

Opportunity

Expansion in Emerging Markets: The growth of electronics manufacturing in emerging markets such as Asia-Pacific presents lucrative opportunities for electronic gas providers to meet increased local demand.

Technological Innovations: Advances in gas purification, along with emerging applications in newer fields like electric vehicles (EVs), create new pathways for market expansion.

Market by System Type Insights

The market is segmented by gas type, with Nitrogen and Hydrogen gases dominating in 2023. Nitrogen gas, essential in semiconductor manufacturing, leads in market share due to its applications in cleanroom environments and production processes. Fluorinated gases are anticipated to witness the highest growth rate due to their critical role in advanced etching and cleaning processes in microelectronics.

Market by End-Use Insights

The Semiconductor segment emerged as the largest revenue contributor in 2023, driven by consistent demand from IC manufacturing. Additionally, the Photovoltaic segment is growing, as electronic gases play a crucial role in solar cell production, aligning with the global shift toward renewable energy solutions.

Market by Regional Insights

North America held the largest market share in 2023, supported by robust semiconductor manufacturing industries and technological advancements. However, Asia-Pacific is expected to exhibit the highest growth rate due to the rapid expansion of electronics manufacturing and the presence of leading semiconductor producers in countries like China, South Korea, and Taiwan.

Competitive Scenario

Leading companies in the Global Electronic Gases Market include Air Products and Chemicals Inc., Linde plc, Showa Denko K.K., Praxair, Inc., Taiyo Nippon Sanso Corporation, and Iwatani Corporation. These companies focus on mergers, acquisitions, and technological advancements to improve gas purity and expand production capacities. For instance:

In 2023, Air Products introduced a new ultra-pure nitrogen facility in Asia to support regional semiconductor manufacturing.

Linde plc partnered with major semiconductor players in 2024 to supply hydrogen for advanced microchip production.

Scope of Work – Global Electronic Gases Market

Key Market Developments

2023: Air Products launched a new nitrogen purification facility to meet the demand for high-purity gases in semiconductor manufacturing.

2024: Linde plc announced a partnership with a major electronics manufacturer to develop hydrogen supply solutions for advanced IC production.

2025: Taiyo Nippon Sanso Corporation expanded its presence in the Asia-Pacific region, targeting the growing semiconductor industry.

FAQs

What is the current market size of the Global Electronic Gases Market?

The market size was valued at USD 10.2 billion in 2023.

What is the major growth driver of the Global Electronic Gases Market?

The primary driver is the rising demand in semiconductor manufacturing, particularly for high-purity gases.

Which is the largest region during the forecast period in the Global Electronic Gases Market?

North America currently leads in market share, although Asia-Pacific is expected to grow rapidly.

Which segment accounted for the largest market share in the Global Electronic Gases Market?

The Semiconductor segment accounted for the largest share in 2023.

Who are the key market players in the Global Electronic Gases Market?

Major players include Air Products and Chemicals Inc., Linde plc, Showa Denko K.K., Praxair, Inc., Taiyo Nippon Sanso Corporation, and Iwatani Corporation.