New York, Sept. 12, 2023 (GLOBE NEWSWIRE) — The global octofluoropropane market size is predicted to expand at ~6% CAGR between 2023 and 2035. The market is projected to garner a revenue of USD 672 million by the end of 2035, up from a revenue of ~USD 380 million in the year 2022.The rising demand for self-driving cars has created an increased demand for semiconductors, which in turn has increased demand for octofluoropropane as a plasma etching material. It is estimated that the self-driving vehicle industry is growing by 17% every year. According to estimates, more than 1,420 self-driving cars, trucks, and other vehicles are currently being tested in the US. It is expected that by 2040, 64% of all passenger kilometers will be driven by automated vehicles. Octofluoropropane is a type of gas that is highly effective at etching semiconductors, making it an ideal material for the production of self-driving cars.
(GlobeNewsWire)