Global Germanium Tetrafluoride Market - Forecast(2024 - 2030)

Global Germanium Tetrafluoride Market Overview

The global germanium tetrafluoride market size is forecast to reach US$258.3 million by 2027 after growing at a CAGR of 1.2% during 2022-2027. Germanium tetrafluoride is a chemical compound prepared by reacting germanium with fluorine or germanium dioxide with hydrofluoric acid. This material is used in several high-end applications such as semiconductors, synthetic organic chemistry, fabricating silicon–germanium crystallites onto glass substrates, and optoelectronic devices. Germanium tetrafluoride finds its extensive use in the production of semiconductors. The demand for semiconductors is on the rise with the increasing production of electronic devices and this is expected to drive the market’s growth. For instance, as per the June 2021 report by semiconductors.org, sales of semiconductors increased, reaching USD 41.8 billion in April 2021 which was USD 41.0 billion in March 2021. Furthermore, the solar sector is another important market where germanium tetrafluoride is used in the manufacturing of solar cells. The demand for solar panels is rising owing to the increasing demand for renewable sources of energy and this is expected to influence the market’s growth during the forecast period. For instance, according to the stats by the U.S. Department of Energy, more than one in seven US houses is anticipated to have access to a rooftop solar panel system by 2030. The strict regulation regarding the hazardous impact of germanium tetrafluoride might hamper the market’s growth.

COVID-19 Impact

The germanium tetrafluoride market got positively impacted due to the COVID-19 pandemic. The market’s growth was propelled owing to the significant demand for semiconductor material amid the pandemic. The work from home culture and increased demand for technology during the pandemic helped the semiconductor market to evolve. As per the February 2021 report by Klynveld Peat Marwick Goerdeler, the semiconductor firms had a positive impact due to the COVID-19 pandemic as 63% of companies increased the use of cloud and automation. Going forward, the market is expected to witness robust growth during the forecast period owing to the increasing demand for electronic products and services.

Report Coverage

The report: “Global Germanium Tetrafluoride Market Report - Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Global Germanium Tetrafluoride Industry. 

By Product Type: (2N) 99% Germanium (IV) Fluoride, (3N) 99.9% Germanium (IV) Fluoride, (4N) 99.99% Germanium (IV) Fluoride, and (5N) 99.999% Germanium (IV) Fluoride
By Form: Liquid and Gas
By Grade: Industrial Grade and Electron Grade
By Application: Semiconductor, Noble Metals Oxidation, Solar Cell, Oil Refining, Synthetic Organic Chemistry, Pharmaceutical Production, Infrared Optics, Fiber Optics, and Others
By Geography: North America (USA, Canada, Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, Rest of Asia Pacific), South America (Brazil, Argentina, Colombia and Rest of South America), and RoW (Middle East and Africa).

Key Takeaways:

• Industrial grade germanium tetrafluoride is leading the market. Germanium tetrafluoride finds its uses in the semiconductor industry, solar power, and pharmaceuticals, enabling the high requirement for industrial grade.
• The semiconductor application is influencing the market. For instance, as per the data by InvestIndia, the semiconductor market globally is expected to grow significantly, reaching USD 650 billion in 2025 with a CAGR of 6.7%.
• The Asia-Pacific region is expected to witness the highest demand for germanium tetrafluoride due to the increasing demand for semiconductors. For instance, as per the data by India Brand Equity Foundation, in 2021, Tata Group announced its plan to enter the semiconductor business in India owing to increasing demand for semiconductors.

Figure: Asia Pacific Germanium Tetrafluoride Market Revenue, 2021-2027 (US$ Billion)

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Global Germanium Tetrafluoride Market Segment Analysis - By Grade

Industrial grade dominated the germanium tetrafluoride market in 2021 with a market share of around 57%. Owing to its high output capability and low cost, germanium tetrafluoride is used in several high-end applications such as synthetic organic chemistry, fabricating silicon–germanium crystallites onto glass substrates, optoelectronic devices, and semiconductor manufacturing processes. As per the 2020 safety report by Entegris, the company’s germanium tetrafluoride product is manufactured under low volume exemption number only for use in the semiconductor process. Such high demand for industrial grade germanium tetrafluoride is expected to increase its demand in the market during the forecast period.

Global Germanium Tetrafluoride Market Segment Analysis - By Application

The semiconductor application segment dominated the germanium tetrafluoride market in 2021 and is growing at a CAGR of 2.3% during the forecast period. This chemical compound is extensively used in the pre-amorphisation implant process of semiconductor manufacturing. Germanium tetrafluoride’s use in semiconductors optimizes the performance and speed of electronic devices. The demand for semiconductors is increasing globally with rising demand for electronic products and this is expected to stimulate the market’s growth during the forecast period. For instance, as per the March 2022 report by USA’s Semiconductor Industry Association, sales in the semiconductor sector globally stood at US$ 50.7 billion in January 2022 which was a 26.8% increase compared to January 2021. Similarly, as per the June 2021 date by India Electronics and Semiconductor Association (IESA), GlobalFoundries, a market leader in semiconductor foundries, announced the investment of USD 4 billion in its new Singapore semiconductor manufacturing fab. Such massive growth in the semiconductor application is expected to increase the higher use of germanium tetrafluoride, thereby influencing the market’s growth during the forecast period.

Global Germanium Tetrafluoride Market Segment Analysis - By Geography

The Asia-Pacific region held the largest share in the germanium tetrafluoride market in 2021, up to 32%. The high demand for germanium tetrafluoride is attributed to the increasing demand for semiconductors in the region. Germanium tetrafluoride is used as a preamorphic implant in semiconductors to prevent silicon wafer from implant dopant channeling. The Asia-Pacific region is one of the largest electronics markets globally, driving a high requirement for semiconductors. The demand for semiconductors is expanding in the region and this is expected to bolster the demand for germanium tetrafluoride during the forecast period. For instance, as per the August 2021 data by India Brand Equity Foundation, demand for semiconductor goods is projected to reach USD 400 billion by 2025. Similarly, as per the data by trade.gov, the monthly wafer capacity of Taiwan accounts for 21.4%, making the country the largest producer of semiconductors globally. Such massive demand for semiconductors in the region is expected to catapult the demand for germanium tetrafluoride during the forecast period.

Global Germanium Tetrafluoride Market – Drivers

Increasing demand for solar cells is driving the market’s growth

Solar cells are an important application area for germanium tetrafluoride where this chemical compound is used in the manufacturing of highly efficient solar cells. The demand for solar cells is on the rise globally owing to the rise in requirement for renewable sources of energy and this is expected to drive the market’s growth during the forecast period. For instance, according to the stats by India Brand Equity Foundation, India is targeting around 450 GW of installed renewable energy capacity by 2030 out of which, around 280 GW is expected from solar. Similarly, in May 2020, SolarPower Europe introduced a new platform, Solar Manufacturing Accelerator, which aims at ramping up the production of solar panels in Europe. Such massive demand for solar cells is driving the market and is expected to boost the growth of the market during the forecast period.

Rising demand for semiconductor applications is driving the market’s growth

The hydrofluoric acid based chemical compound finds its extensive use in the manufacturing of semiconductors. Germanium tetrafluoride prevents silicon wafers from implant dopant channeling during the manufacturing of semiconductors. The demand for semiconductors is on the rise owing to the massive demand for electronic products and services globally and this is expected to influence the market’s growth during the forecast period. For instance, as per the February 2022 report by US Semiconductor Industry Association, sales in the semiconductor industry globally stood at USD 555.9 billion in 2021, increasing 26.2% compared to the total sales of 2020. Similarly, as per the data InvestIndia, the demand for semiconductors in India is expected to touch USD 100 billion by 2025. Such massive demand for semiconductors globally is expected to increase the high use of germanium tetrafluoride, ultimately influencing the market’s growth during the forecast period.

Global Germanium Tetrafluoride Market – Challenges

The strict regulations regarding the hazardous impact of germanium tetrafluoride might hamper the market’s growth

The use of germanium tetrafluoride is strictly monitored by multiple governing bodies owing to its harmful effect on human health and the environment and this might hamper the market’s growth during the forecast period. The chemical compound forms toxic and corrosive hydrofluoric acid in contact with water. Too much exposure to germanium tetrafluoride leads to skin irritation and breathing issue. Accordingly, Occupational Safety and Health Administration regulates the use of germanium tetrafluoride with a permissible exposure limit of 2.5 mg/m3. Such strict monitoring and regulations owing to the hazardous impact of germanium tetrafluoride might hamper the market’s growth during the forecast period.

Global Germanium Tetrafluoride Industry Outlook

Investment in R&D activities, acquisitions, product and technology launches are key strategies adopted by players in the Global Germanium Tetrafluoride Market. Global Germanium Tetrafluoride top 10 companies include:

1. Praxair
2. Voltaix
3. American Elements
4. Linde
5. Entegris
6. SUMMIT
7. Teck Resources
8. Gelest
9. Umicore
10. Air Liquide

Recent Development

• In October 2020, Umicore renewed its partnership with Prysmian Group for using 100% sustainable germanium tetrafluoride and its compounds for the production of optical fiber.

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