Tuesday, March 31, 2020

Electronics Gas Market to reach $8.0B by 2024 despite expected COVID-19 impacts

San Diego, CA, March 30, 2019: TECHCET announced that the semiconductor fabrication gases market is forecasted as net positive in revenue growth for Q1, despite COVID-19. Although economic uncertainties for the remainder of the year may slow growth, current indications from the materials supply-chain look like "business as usual."

"Suppliers say that orders are strong," summarizes TECHCET President and CEO Lita Shon-Roy. "However, concerns exist that fabs may start to stock-pile materials to mitigate the possibility of interruption, especially from US suppliers that are now in the throes of the COVID-19 spread."

One recent positive for chip fabs is helium availability, where non-semiconductor demand is expected to ease. Given the COVID19 situation, medical and recreational (party balloons) helium demand will decline, allowing for the current shortage in the semiconductor supply-chain to mitigate sooner than expected. Major new sources like Gazprom, Arzew, and Qatar are scheduled to finally come online later this year.

TECHCET is also tracking potential disruptions in raw materials for critical gases—e.g. germanium for GeH4 and GeF4, fluorspar for HF, tungsten for WF6—has been minimal, because many Chinese suppliers had prepared safety stock for the Lunar New Year break.

Air Liquide, Air Products, Linde, Messer, and SK Materials have all announced increases in global production of gases. The market for both bulk- and specialty-gases is forecasted to grow from US$5.4B in 2019 to US$8.0B by 2024, as shown in the figure below. However, uncertainties exist for 2020 where demand may soften as a result of a prolonged impact of COVID19 on global economies.

TECHCET’s Critical Materials Report™ on Electronic Gases includes market landscape analysis and company profiles of Air Liquide, Linde, TNSC-Matheson, Versum Materials, Air Products, Showa Denko, SK Materials, Air Water, Hyosung, Peric, Kanto Denka Kogyo, and more. To purchase Report go to: https://techcet.com/product/gases/ 

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