Nitrogen Trifluoride Market to Reach a Valuation of US$ 3.88 Billion by 2033 : Fact.MR Analysis
Nitrogen Trifluoride Market to Reach a Valuation of US$ 3.88 Billion ... InvestorsObserver
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Nitrogen Trifluoride Market to Reach a Valuation of US$ 3.88 Billion by 2033 : Fact.MR Analysis
Rockville, July 30, 2023 (GLOBE NEWSWIRE) — As per a new industry analysis by Fact.MR, a market research and competitive intelligence provider, the global nitrogen trifluoride market is estimated at US$ 1.25 billion in 2023 and is forecasted to increase rapidly at a CAGR of 12% from 2023 to 2033.
Nitrogen trifluoride is a colorless, odorless, and non-flammable gas with the chemical formula NF3. It is primarily used in automotive and semiconductor industries for the cleaning of chemical vapor deposition (CVD) chambers, plasma etching chambers, and other processes.
With increasing adoption of electronic devices and technological advancements such as the Internet of Things (IoT), artificial intelligence (AI), and 5G, demand for nitrogen trifluoride is rising. These technologies are utilized in various applications, including smart homes, autonomous vehicles, industrial automation, and healthcare. As the adoption of IoT and AI continues to rise, demand for nitrogen trifluoride in semiconductor manufacturing is expected to grow rapidly.
Development of smaller and more efficient chips such as nanoscale transistors requires higher precision and cleaner manufacturing environments. Nitrogen trifluor
The article discusses the use of nitrogen trifluoride in various industries, including automotive and semiconductor, which are related to SDG 9. The adoption of IoT, AI, and 5G technologies mentioned in the article also connects to SDG 9. The focus on improving efficiency, reducing emissions, and developing sustainable energy solutions aligns with SDG 7, SDG 11, SDG 12, and SDG 13. The involvement of key market players and partnerships for research and development activities relates to SDG 17.
The targets mentioned above are relevant to the issues discussed in the article. These targets focus on increasing renewable energy, promoting sustainable industrialization, upgrading infrastructure for sustainability, enhancing urbanization, achieving sustainable resource management, integrating climate change measures, and strengthening global partnerships.
Yes, the article mentions several indicators that can be used to measure progress towards the identified targets:
These indicators can be used to assess the progress made in achieving the targets related to renewable energy, sustainable industrialization, infrastructure retrofitting, urbanization, resource management, climate change integration, and global partnerships.
Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.
Source: investorsobserver.com
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Introduction of Smaller & More Efficient Semiconductors Leading to Higher Use of Nitrogen Trifluoride for Cleaning Purposes
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SDGs, Targets, and Indicators
1. Which SDGs are addressed or connected to the issues highlighted in the article?
2. What specific targets under those SDGs can be identified based on the article’s content?
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
Table: SDGs, Targets, and Indicators
SDGs
Targets
Indicators
SDG 7: Affordable and Clean Energy
Target 7.2: Increase the share of renewable energy in the global energy mix
Share of renewable energy in the global energy mix
SDG 9: Industry, Innovation, and Infrastructure
Target 9.2: Promote inclusive and sustainable industrialization
Adoption of IoT, AI, and 5G technologies
Target 9.4: Upgrade infrastructure and retrofit industries for sustainability
Efficiency and effectiveness of nitrogen trifluoride for semiconductor cleaning processes
Target 9.2: Promote inclusive and sustainable industrialization
Purification techniques, recycling methods, and reduction of NF3 emissions
SDG 11: Sustainable Cities and Communities
Target 11.6: Enhance inclusive and sustainable urbanization
Demand for nitrogen trifluoride in semiconductor manufacturing
SDG 12: Responsible Consumption and Production
Target 12.2: Achieve sustainable management and efficient use of natural resources
Purification techniques, recycling methods, and reduction of NF3 emissions
Target 12.2: Achieve sustainable management and efficient use of natural resources
Rising production of modified automobiles
SDG 13: Climate Action
Target 13.2: Integrate climate change measures into national policies, strategies, and planning
Efficiency and effectiveness of nitrogen trifluoride for semiconductor cleaning processes
SDG 17: Partnerships for the Goals
Target 17.16: Enhance the global partnership for sustainable development
Expansion of manufacturing facilities for electronic components
