Research Nester published a report titled “Electronic Grade Hydrogen Peroxide Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of theglobalelectronic grade hydrogen peroxide market in terms of market segmentation by primary function, concentration, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global electronic grade hydrogen peroxide market is estimated to occupy a large amount of revenue by growing at a CAGR of ~4% during the forecast period, i.e., 2022 – 2030, owing to the increased complexity in semiconductor chips, and growing use of the product for etching printed circuit boards. Along with this, trend of AI, IoT and proliferation of connected devices is expected to raise the demand for sensors and microcontrollers, which in turn is also assessed to bolster the growth of the market in the upcoming years.
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The market is segmented by primary function, concentration and application. Based on primary function, the etchant segment is anticipated to occupy the largest share during the forecast period on the back of the rising usage of the product for etching owing to its high effectiveness to chemically remove layers from the surface of a wafer during manufacturing. Additionally, by application, the printed circuit board etching segment is projected to grab the largest share over the forecast period attributing to the high use of hydrogen peroxide in wet etching of circuit boards for good surface uniformity and excellent adaptability.
Geographically, the global electronic grade hydrogen peroxide market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America is evaluated to grab a notable share in the market during the forecast period attributing to the growing fab capacity, and increasing investments in electronics industry in the region. Moreover, the market in Asia Pacific region is assessed to witness noteworthy growth and gather the largest share in the future ascribing to the strong footprint of leading PCB and semiconductor manufacturers in China, South Korea and Japan.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Increasing Use of the Product for Etching Printed Circuit Boards Worldwide to Drive Market Growth
Electronic grade hydrogen peroxide is extensively used in etching printed circuit boards in conjunction with sulphuric acid owing to its benefits such as high efficacy as an oxidizing and cleaning agent for fine geometries and tools. This in turn is anticipated to boost the market growth significantly in the near future.
However, toxicity of hydrogen peroxide is expected to operate as key restraint to the growth of the global electronic grade hydrogen peroxide market over the forecast period.
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This report also provides the existing competitive scenario of some of the key players of the global electronic grade hydrogen peroxide market which includes company profiling of Solvay SA, Arkema, Inc., Evonik Industries AG, PeroxyChem LLC, Changchun Group, Grasim Industries Limited, Mitsubishi Gas Chemical Company, Akzo Nobel N.V., Kemira Oyj, OCI Company Ltd., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global electronic grade hydrogen peroxide market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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