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Electronic Grade Hydrogen Peroxide Market Size Analysis
According to a research survey conducted by ChemView Consulting, in 2022, the worldwide Electronic Grade Hydrogen Peroxide Market was worth US$ 332.6 Mn and is expected to grow at a CAGR of 4.8% over the forecast period. The market is expected to hit US$ 483.9 Mn by 2030 end.
At room temperature, hydrogen peroxide appears as a colorless liquid with an unpleasant bitter taste. Insignificant amounts of gaseous hydrogen peroxide naturally occur in the air. Hydrogen peroxide is highly flammable and easily decomposes into water and oxygen with heat release.
Despite being non-flammable, hydrogen peroxide is a powerful oxidizing agent with the potential to cause impulsive combustion when it comes into contact with any organic material.
Market Dynamic
What factors are driving the increase in demand for Electronic Grade Hydrogen Peroxide?
Effective cleaning of fine geometries and tools in the semiconductor manufacturing process necessitates wet processing, which is expected to drive demand for Electronic-Grade Hydrogen Peroxide during the forecast period.
Special grades of hydrogen peroxide, often in conjunction with sulphuric acid, can be used to etch printed circuit boards. Cupric chloride etching baths are also regenerated using hydrogen peroxide.
The major factor driving the market to expand is the increased complexity of semiconductor chips and the growing demand for premium quality Electronic Grade Hydrogen Peroxide for efficient cleaning and purification of fine geometries and tools.
What are the opportunities in the Electronic Grade Hydrogen Peroxide business?
High purity hydrogen peroxide is an important chemical in the manufacturing of semiconductor chips. As computer chips become more complex and their circuits become smaller, the demand for ultra-pure hydrogen peroxide rises.
The rise in the global Electronic Grade Hydrogen Peroxide market is expected to be aided by advanced technologies such as artificial intelligence, 5G Internet, and other major driving factors.
Segment-Wise Analysis
Why is the Etchant segment accounted to have the largest market share?
The etchant segment is expected to hold the largest share during the forecast period due to rising etching usage and its high effectiveness in chemically removing layers from the surface of a wafer during manufacturing.
Which application will lead to an increase in demand for Electronic Grade Hydrogen Peroxide?
The printed circuit board etching segment is expected to account for the largest market share during 2022-2030, owing to the extensive use of hydrogen peroxide in wet circuit boards for good surface uniformity and adaptability.
Why is the Asia-Pacific region consolidating its Electronic Grade Hydrogen Peroxide Market dominance worldwide?
The Asia Pacific region’s market is expected to grow significantly and capture the largest share in the future, owing to the strong presence of leading PCB (Printed Circuit Board) and semiconductor manufacturers in China.
The scenario is expected to continue because high-potential markets such as China collectively account for more than one-third of global semiconductor manufacturing capacity. China’s IC production is expected to grow at more than 10.3% per year until the midterm forecast, increasing demand for Electronic-Grade Hydrogen Peroxides.
Competition Analysis
The Electronic Grade Hydrogen Peroxide Market is highly consolidated, with a small number of players accounting for nearly three-quarters of the market share.
The scenario is expected to continue due to these players’ ongoing production capacity expansions. Furthermore, prominent players have used their cash reserves to establish themselves in high-potential regions.
Some of the key developments that have taken place in the Electronic Grade Hydrogen Peroxide Market include:
A list of some of the critical suppliers present in the market are:
Market Segments Covered in Report
By Primary Function:
By Concentration:
By Contamination Level:
By Application:
By Region and Country:
Global Electronic Grade Hydrogen PeroxideMarket 2022-2030: Report Coverage and Highlights
| Research Scope | Details |
| Forecast period | 2022-2030 |
| Historical data available for | 2017-2021 |
| Market analysis | USD Million for Value and Tons for Volume, and CAGR from 2022 to 2030 |
| Key regions covered | North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa |
| Key countries covered | US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt |
| Key segments covered | By Primary Function, Concentration, Contamination level, Application, and Region |
| Customization scope | Available upon Request |
| Pricing and purchase options | Available upon Request |
Market Size Data
Market Background
Pricing Analysis
Value Chain Analysis
Competition Analysis
Country Coverage
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific
Why Choose CVC Market Research?;
In the forecast period between 2022 and 2030, the market is expected to grow at a CAGR of 4.8%.
The global solicitation of proposals by governments and public-private partnerships to mitigate the impact of the COVID-19 pandemic is driving the growth of the Electronic Grade Hydrogen Peroxide market.
Major global Electronic Grade Hydrogen Peroxide Market players are Solvay, Santoku Chemical Industries, MGC, Sunresin, Evonik, Arkema, Technic, Jiangyin Jianghua Microelectronics Materials, Asia Union Electronic Chemical Corp, Suzhou Jingrui Chemical, Hangzhou Jingxin Chemical, PeroxyChem LLC.
Over the forecast period, hydrogen peroxide toxicity is expected to be a major restraint that may hamper the growth of the global Electronic Grade Hydrogen Peroxide Market.
The Asia Pacific region is expected to account for the largest share of market revenue in the global Electronic Grade Hydrogen Peroxide market
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