The major factors driving the chlorine trifluoride market are the rising demand for the chemical in the aerospace industry, growing innovations and development in the semiconductor industry, and the reinforcement of the military by the adoption of modern technologies and advanced weapons, among others. Chlorine trifluoride gas is often utilised as a component in fuel manufacturing, as well as in many other industrial applications, such as in etching and plasma-less cleaning activities. In the semiconductor industry, there is a high demand for the chemical because of its application in cleaning chemical vapor deposition chambers.

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Chlorine Trifluoride Market Size, Share, Price, Forecast 2021-2026
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Chlorine Trifluoride Market Size, Share, Price, Forecast 2021-2026

According to latest report by Expert Market Research, the global chlorine trifluoride market is expected to grow at a CAGR of 3.8% in the forecast period of 2021-2026 to reach a value of USD 516 billion by 2026.