The semiconductor market is projected to become a trillion-dollar industry by 2030,1 making the next decade vital for those involved. Appetite in the electronics space is now bigger than ever. There’s no doubt about it. But what does the current global landscape look like?
The US, China, and Europe are just three regions that have in the past year published significant legislation to make their respective semiconductor industries competitive. But that’s only a start. There are still huge chip shortages in the current landscape that have alarmed consumers and chip companies alike, and lots of variables to navigate in every market.
Manufacturers, ranging from some of the world’s largest tech companies to start-ups, are all in a global arms race to increase production to meet increasing demands for the crucial microchips. They simply can’t keep up with demand in many quarters. However, it’s not just the chip manufacturers that are suffering, as the electronics gas market will also tighten as a result.
This was just one conclusion highlighted in a recently released report from material advisory firm TECHCET, which predicted an upward five-year CAGR (compound annual growth rate) of 6.4% for the electronics gas market. This growth may be positive, but the report warned that the result may be that critical gases, such as diborane and tungsten hexafluoride, face supply pressures.
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