SEMICONDUCTOR GRADE PROPYLENE MARKET

INTRODUCTION

A highly pure type of propylene called semiconductor grade propylene (SGP) is used to make semiconductors. SGP cannot be utilised in this application unless it complies with stringent purity standards. Low levels of contaminants including water, oxygen, and carbon monoxide are part of these requirements. Contaminants including heavy metals and organics must also be absent from SGP. From propylene gas, SGP is made. First, the propylene gas is cleaned using a variety of techniques, including molecular sieves and distillation.

The refined propylene gas is then subjected to cryogenic distillation, which further refines it.Low temperatures are used during the cryogenic distillation process to separate the various parts of a mixture. In the case of SGP, the propylene gas is separated from the other mixture constituents, such as water, oxygen, and carbon monoxide, using cryogenic distillation. SGP is a vital part of the manufacturing process for semiconductors. It is employed in numerous processes, including etching, cleaning, and depositing. Other electronic components, like solar cells and LEDs, are also made using SGP.

SEMICONDUCTOR GRADE PROPYLENE MARKET SIZE AND FORECAST

The Global Semiconductor Grade Propylene Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

SEMICONDUCTOR GRADE PROPYLENE MARKET INDUSTRY OUTLOOK

• The European Chips Actallocatedover €43 billion($45.8 Billion)in public and private investmentscandouble Europe's global semiconductor market share from 10% to 20% by 2030. 
• The U.S. CHIPS and Science Act's $5 billion investment aims to drive innovation and bolster America's competitiveness in the vital semiconductor industry. 
• Global semiconductor manufacturing equipment sales contracted 6.1% in 2023 from a record $107.4 billion in 2022. It is expected to see growth in 2024 but not to the 2022 levels. 
• Global semiconductor manufacturing equipment sales contracted 6.1% in 2023 from a record $107.4 billion in 2022. It is expected to see growth in 2024 but not to the 2022 levels. 
• The semiconductor market is expected to experience strong growth in 2024 (15-20%) after a slow start in 2023. 

SEMICONDUCTOR GRADE PROPYLENE MARKET NEW PRODUCT LAUNCH

• In Texas, Air Liquide opened a new SGP production facility. The plant has the capacity to produce 100,000 tonnes of SGP annually. This new plant will assist in supplying the semiconductor industry's rising need for SGP. 
• In China, Linde opened a new SGP production facility. The plant has the capacity to produce 50,000 tonnes of SGP annually. This new plant will support the Asian semiconductor industry's expanding need for SGP. 
• In Europe, Praxair opened a new SGP production facility. The plant has the capacity to produce 100,000 tonnes of SGP annually. This new facility will assist in meeting the rising demand for SGP in the European semiconductor sector. 

SEMICONDUCTOR GRADE PROPYLENE MARKET COMPANY PROFILES

• Praxair 
• Linde 
• Air Liquide
• Airgas
• Croda International

SEMICONDUCTOR GRADE PROPYLENE MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many Semiconductor Grade Propylene are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global Semiconductor Grade Propylene and key vendor selection criteria
3. Where is the Semiconductor Grade Propylene manufactured? What is the average margin per unit?
4. Market share of Global Semiconductor Grade Propylene market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global Semiconductor Grade Propylene in-house
6. key predictions for next 5 years in Global Semiconductor Grade Propylene market
7. Average B-2-B Semiconductor Grade Propylene market price in all segments
8. Latest trends in Semiconductor Grade Propylene market, by every market segment
9. The market size (both volume and value) of the Semiconductor Grade Propylene market in 2024-2030 and every year in between?
10. Production breakup of Semiconductor Grade Propylene market, by suppliers and their OEM relationship