Huatai Securities: With improving supply and demand, the electronic gas industry outlook may accelerate

Huatai Securities pointed out that electronic gases are key raw materials for chips, ranking second only to silicon wafers in wafer manufacturing costs. As chips develop toward new storage technologies, advanced processes, and advanced packaging, according to TECHCET, the global electronic gas market size is expected to grow by +8% year-on-year to $6.8 billion by 2026. Huatai Securities believes that with the expansion of storage factories and wafer fabs in China, and under the influence of geopolitical conflicts in the Middle East limiting the supply of gases such as helium, the prosperity of China’s electronic gas industry is expected to accelerate by 2026. In 2024, Chinese listed companies will hold a 40% share of the domestic electronic gas market. Driven by increasing requirements for independent control and catalysts such as anti-dumping measures, the localization rate is expected to improve, allowing leading Chinese electronic gas companies to benefit fully. (People’s Financial News)