Electronic Grade Hydrogen Peroxide Market By Primary Function (Etchant, Oxidizing & Cleaning Agent), By Concentration (30% -32%, Above 32%), By Contamination Level, By Application, By Region - Forecast to 2019 to 2029

Increased Complexity in Semiconductor Chips will Surge Demand for Ultra-Pure Electronic Grade Hydrogen Peroxide

Increased fab capacity and processed silicon wafer surface area has driven the consumption of IC (integrated circuit) process chemicals and the scenario is projected to continue due to new emerging technologies.

Increased complexity in semiconductors have increased the number of process steps and spurred the demand for etching and cleaning agents.

In semiconductor manufacturing process, effective cleaning of fine geometries and tools requires wet processing which is poised to propel the demand for electronic grade hydrogen peroxide during the forecast period (2019-2029).

Enhanced and emerging technologies also demand high level of product purity which will amplify the consumption of wet process chemicals during the forecast period.

Ultra-pure electronic grade hydrogen peroxide aligns with the purity level of semiconductor manufacturers and has become a key wet process chemical in semiconductor manufacturing process.

Attributed to the aforementioned facts, electronic grade hydrogen peroxide market is forecast to expand at an annual growth rate of 4.6% during the forecast period.

Trend of IoT, Artificial Intelligence and Proliferation of Connected Devices to Pave Way for Opportunities

Increasing connectivity across devices and systems is set to propel the demand for sensors, actuators, microcontrollers and other semiconductor devices.

Moreover, leading semiconductor chip manufacturers have continued to innovate to cope with Moore’s Law, “which is doubling the number of transistors on integrated circuits every two years”.

Emerging technologies such as artificial intelligence (AI), autonomous driving, 5G and Internet of Things are set to drive the semiconductor industry which in turn will increase the demand for printed circuit boards.

Electronic grade hydrogen peroxide being a PCB etching agent will expand in line with the global PCB production, thus reaping fruitful opportunities in the market.

East Asia to be a Hotbed of Opportunities for Market Players

East Asia has led the consumption of global electronic grade hydrogen peroxide during the historical period and has accounted for over three fourth of the market share in 2018.

Presence of leading PCB and semiconductor manufacturers in China, Japan and South Korea have driven the regional growth.

The scenario is projected to continue due to high potential markets like China and Taiwan which collectivity account for over one third of the global semiconductor manufacturing capacity.

Continuous fab capacity expansions in China and Taiwan are poised to drive the regional and global electronic grade hydrogen peroxide market during the forecast period.

In addition, according to China’s National Integrated Circuit Development Promotion Outline, the Chinese government will increase investments to support the IC manufacturing and design industry.

The production of ICs in China are poised to expand at an average annual growth rate of over 10% till midterm forecast creating additional demand for electronic grade hydrogen peroxides.

East Asia is followed by North America and has represented moderate growth due to increased fab capacity expansions.

In response to increased fab capacity, regional electronic grade hydrogen peroxide players have invested in United States to increase their production capacity which will drive the regional market during the forecast period.

Targeted Organic and Inorganic Strategies by Players to Assist Market’s Growth

Electronic grade hydrogen peroxide market is highly consolidated market in which a fraction of the players account for nearly three fourth the market share.

Solvay S.A., Mitsubishi Gas Chemical Company, Inc., Evonik Industries AG and Arkema are the leading electronic grade hydrogen peroxide manufactures.

The scenario is projected to continue due to ongoing production capacity expansions by these players. In addition, prominent players have utilized their cash reserves to deepen their roots in high potential regions like China and Taiwan.

During historical period several players have increased their prices due to increased raw material and labor cost.

The scenario is projected to continue at a steady growth rate owing to continuous demand for cleaning agents with ultra-high purity, forcing players to invest in R&D which in turn will increase the production cost.

Companies like Solvay and Mitsubishi Gas Chemical Company, Inc. have done several capacity expansions to meet increasing demand for electronic grade hydrogen peroxide.

Electronic Grade Hydrogen Peroxide Market: Segmentation

Fact.MR has segmented the electronic grade hydrogen peroxide market on the basis of primary function, concentration, contamination level, application and region.

• By Primary function :

  • Etchant (Etching Agent)
  • Oxidizing & Cleaning Agent

• By Concentration :

  • 30 - 32 %
  • Above 32%

• By Contamination level :

  • <100 ppb
  • <10 ppb
  • <1 ppb
  • <0.1 ppb
  • < 0.01 ppb

• By Application :

  • Printed Circuit Board Etching
  • Semiconductor Wafer Cleaning
  • Flat Panel Display Manufacturing
  • Photovoltaic Manufacturing
  • Others

• By Region :

  • North America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Rest of the World

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