What is Global Electronic Grade Propylene (C3H6) Market?
The Global Electronic Grade Propylene (C3H6) Market is a specialized sector that focuses on the production and distribution of propylene, a colorless gas with a faint petroleum-like odor, used in a variety of industries. This market specifically targets the production of electronic grade propylene, which is a high-purity form of the gas. The electronic grade propylene is primarily used in the manufacturing of semiconductors and other electronic components. The global market for this product is vast and diverse, with numerous players contributing to its growth and development. The market value of the Global Electronic Grade Propylene (C3H6) was estimated to be around US$ 25 million in 2022, and it is projected to reach a value of US$ 31 million by 2029. This indicates a steady growth in the market, with a Compound Annual Growth Rate (CAGR) of 2.3% expected during the forecast period from 2023 to 2029.
Purity: below 99.995%, Purity: from 99.995% to 99.999%, Purity: above 99.999% in the Global Electronic Grade Propylene (C3H6) Market:
The purity of the propylene used in the electronic industry is a crucial factor that determines its quality and effectiveness. The Global Electronic Grade Propylene (C3H6) Market is segmented based on the purity of the propylene, which ranges from below 99.995% to above 99.999%. The propylene with a purity level below 99.995% is the least pure form and is used in applications where high purity is not a critical requirement. On the other hand, propylene with a purity level from 99.995% to 99.999% is of higher quality and is used in more sensitive applications. The highest quality propylene, with a purity level above 99.999%, is used in the most critical applications where even the slightest impurity can have significant consequences. The demand for high-purity propylene is growing, driven by the increasing complexity and precision required in modern electronic devices.
Semiconductor, Other Industry in the Global Electronic Grade Propylene (C3H6) Market:
The Global Electronic Grade Propylene (C3H6) Market serves a variety of industries, but its primary consumers are the semiconductor industry and other related industries. In the semiconductor industry, propylene is used in the manufacturing process of semiconductors, which are the building blocks of most electronic devices. The other industries that use electronic grade propylene include the manufacturing of printed circuit boards, flat panel displays, and other electronic components. The demand for electronic grade propylene in these industries is driven by the increasing demand for electronic devices and the continuous advancement in technology.
Global Electronic Grade Propylene (C3H6) Market Outlook:
The Global Electronic Grade Propylene (C3H6) Market is a dynamic and evolving market, with various factors influencing its growth and development. As per the market outlook, the market was valued at US$ 25 million in 2022 and is expected to reach US$ 31 million by 2029, growing at a CAGR of 2.3% during the forecast period. The largest manufacturer of electronic grade propylene is Taiyo Nippon Sanso, which holds about 30% of the market share. The semiconductor industry is the largest consumer of electronic grade propylene, accounting for about 60% of the market share. These figures indicate the significant role of the semiconductor industry in driving the demand for electronic grade propylene.
| Report Metric | Details |
| Report Name | Electronic Grade Propylene (C3H6) Market |
| Accounted market size in 2023 | US$ 27 million |
| Forecasted market size in 2029 | US$ 31 million |
| CAGR | 2.3 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Taiyo Nippon Sanso, Air Liquide, Sumitomo Seika, Maoming Tianyuan Petrochemical |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
