Opportunities in Ultra-high Purity Anhydrous Hydrogen Chloride Gas Market Amid Chip Shortage Post-Pandemic
Key Ideas
  • Global demand for ultra-high purity anhydrous hydrogen chloride (HCl) gas is projected to rise steadily with a CAGR of 5.4% from 2023 to 2031, reaching US$ 5.7 billion by 2031.
  • Countries like India, the U.S., and regions in Asia Pacific are heavily investing in semiconductor fabs to address chip shortages, driving the demand for anhydrous HCl.
  • The semiconductor industry's surge in demand for high-quality silicon, crucial for chip manufacturing, is propelling the growth of the ultra-high purity anhydrous HCl market worldwide.
  • Key players in the ultra-high purity anhydrous hydrogen chloride (HCl) gas industry are implementing strategies like investing in chlor-alkali plants to meet the growing market demand.
The article discusses the lucrative opportunities emerging in the ultra-high purity anhydrous hydrogen chloride (HCl) gas market post-pandemic due to the chip shortage crisis. The global market for ultra-high purity anhydrous HCl gas was valued at US$ 3.6 billion in 2022, with estimations indicating a steady CAGR of 5.4% until 2031, reaching US$ 5.7 billion by then. Companies in the semiconductor industry are expanding operations in countries like the U.S., India, and Asia Pacific, driving the demand for anhydrous HCl. For instance, India is establishing three new semiconductor plants to boost its capabilities, while the U.S. is receiving subsidies through the CHIPS and Science Act to enhance chip manufacturing. The article highlights how the chip shortage crisis, exacerbated by the COVID-19 pandemic, has led to a significant surge in demand for high-quality silicon used in chip production. This surge in demand is fueling the need for ultra-high purity anhydrous HCl, a key component in semiconductor manufacturing. Countries like the U.S. are investing in domestic semiconductor factories to mitigate chip shortages, creating opportunities for regional vendors in the anhydrous HCl market. Moreover, the Middle East & Africa region is witnessing growth in the anhydrous HCl market due to increased petrochemical projects. Companies are investing in new projects, leading to a rise in anhydrous HCl production. Key market players like BASF SE and Air Liquide are implementing strategies such as investing in chlor-alkali plants to cater to the growing demand for ultra-high purity HCl. The article concludes by emphasizing the importance of anhydrous hydrogen chloride in semiconductor production and the market's optimistic outlook for the coming years.
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