What is Chlorine Trifluoride Market Scope?
The chlorine trifluoride is an interhalogen compound with the chemical formula CIF3. This compound is colorless, corrosive, and is an extremely reactive gas. When this is condensed it turns to pale greenish-yellow liquid and it is sold in the market in this form. The compound is composed of chlorine and fluorine items. This gas is used as a compound in rocket fuels, in nuclear reactor fuel processing, in the process of etching the plasma – less cleaning operations in the semiconductor industry. The primary application for the chlorine trifluoride also concerts the many metal oxides to the oxygen difluoride or oxygen and the metal halides. Besides this primary application, the other application of chlorine trifluoride is the production of uranium hexafluoride which is part of the nuclear reactor fuel. Nuclear power is one of the important sources of energy production. The demand for nuclear power is increasing along with fuelling the chlorine trifluoride market. Chlorine trifluoride is available in the condensed form. When pressurized it turns into pale-yellow liquid. This gas or the liquid form can cause harm or severe irritation to the eyes, skin, and mucous membrane.
The Chlorine Trifluoride market study is being classified, by Application (Semiconductor Industry, Rocket Propellant, Military, Nuclear Power and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Chlorine Trifluoride market throughout the predicted period.
Air Products and Chemicals, Inc. (United States), Versum Materials (United States), DOD Technologies Inc. (United States), Air Liquide S.A. (France), Linde (Ireland), Enerize Corporation (United States), Mott Corporation (United States), Kanto Denka Kogyo Co., Ltd. (Japan), Wuxi Yuantong Gas Co., Ltd. (China) and Chengdu Xinyuan Chemical Co., Ltd. (China) are some of the key players profiled in the study.
Analyst at AMA have segmented the market study of Global Chlorine Trifluoride market by Type, Application and Region.
On the basis of geography, the market of Chlorine Trifluoride has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Chlorine Trifluoride is on the hazardous substance list and is hence regulated by OSHA and cited by ACGIH, DOT, NIOSH, and NFPA. This chemical is on the special health hazard substance list because it is reactive. The legal airborne permissible exposure limit (PEL) is 0.1 ppm, and is not to be exceeded at any time.
Influencing Market Trend
- Increase in The Use of The Liquid in Cleaning Purposes
- Increasing Use of The Gas in Military Sector
- Growth in The Use of Semi-Conductor Industry
- Technological Advancement and Continuous Innovations in The Aerospace Industry
- Stringent Rules and Regulations
- Chlorine Trifluoride Gas is Highly Reactive and Toxic
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers of Chlorine Trifluoride, Suppliers and Distributors of Chlorine Trifluoride, Venture Capitalists and Private Equity Firms and End-Use Industry
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