Scienza e Tecnologia
Ultra-high Purity Anhydrous Hydrogen Chloride (HCl) Gas Market to Reach USD 5.7 Billion by 2031, Expanding at a CAGR of 5.4% | TMR Report
The
was valued at US$ 3.6 Bn in 2022. It is estimated to register a steady
from 2023 to 2031 and reach by the end of 2031, according to
, a leading global market research company.
India is ramping up its semiconductor capabilities with significant investment in new semiconductor plants. In February 2024 , The Government of India approved the establishment of three semiconductor plants in India .
Tata Electronics Private, a greenfield venture of the Tata Group, is tasked with setting up the semiconductor fab in Dholera, Gujarat, in partnership with Powerchip Semiconductor Manufacturing Corp., a Taiwan -based manufacturer of semiconductor products. The plant is expected to produce 48 million chips per day.
Emergence of COVID-19 led to a sudden and catastrophic shortage of semiconductors in many countries. The pandemic especially caused ripples across the supply chain in the U.S. The U.S.–China and Japan–Korea trade wars further created turbulence in the semiconductor market.
Chip shortage negatively affected several major industries, including automotive, consumer electronics, renewable energies, and home appliances.
Several countries that relied on chip imports and major chipmakers showed concerns over the effects geopolitical conflicts had on manufacturing and distribution. To overcome chip shortage, developing countries are now investing in domestic semiconductor factories. This is offering lucrative ultra-high purity anhydrous hydrogen chloride (HCl) gas market opportunities to regional vendors.
Ultra-high purity anhydrous HCL is widely employed in the semiconductor industry in the production of high-quality silicon, a crucial component in the manufacturing of chips. As chip demand rises, countries around the world are supporting semiconductor production and innovation. This, in turn, is contributing to the rise in ultra-high purity anhydrous hydrogen chloride (HCl) gas market demand.
In the U.S., several semiconductor companies are receiving funds through the CHIPS and Science Act. The act includes US$ 39 Bn in subsidies for chip manufacturing in the country. Such subsidies have prompted anhydrous HCL manufacturers to expand their presence on U.S. soil.
In May 2024 , Niacet Specialty Chemicals announced plans to invest US$ 50 Mn to expand its facility in Niagara Falls, New York . The anhydrous HCL manufacturer is seeking rapid expansion to meet the demand for critical substances for chip manufacturers' supply chains across defense and commercial industries.
The ultra-high purity anhydrous hydrogen chloride (HCl) gas market scenario in
Middle East & Africa is driven by the rise in number of petrochemical projects. Anhydrous HCl is commonly produced as a by-product in certain processes in oil refineries.
Companies in the Middle East are announcing new petrochemical and hydrogen projects. Top ongoing refinery projects in the region entail over US$ 40 Bn investments. These projects include Al Zour New Refinery, Aramco's Ras Tanura and Riyadh refineries, ADNOC's Crude Flexibility Project, BAPCO Modernisation Program, and Duqm Refinery & Petrochemical Complex.
BASF SE, Linde plc, PurityPlus Specialty Gas, Air Liquide, Jinhong Gas Co., Ltd., Cato Research Chemical Inc., Sumitomo Seika Chemicals Co., Ltd., Shandong Yanhe Chemical Co., Ltd., Gujarat Fluorochemicals Ltd., Shandong Weitai Fine Chemical Co., Ltd., Zibo Dijia Special Gas Co., Ltd., and ChemGas Korea are leading entities operating in this industry.
Asia Pacific is a prominent market for ultra-high purity anhydrous hydrogen chloride (HCl) gas manufacturers. India is aiming to fortify its petrochemical market. Many petrochemical companies in the country are investing in chlor-alkali plants to produce a range of essential chemicals.
In April 2024 , , an engineering and turnkey project management company, to establish a 2,200 tons per day chlor-alkali project in Gujarat, India . The project is expected to produce a range of essential chemicals, including anhydrous HCl, liquid Cl2, and caustic flakes.
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