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 actuators, sensors, 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 - Scope of the Report
The electronic grade hydrogen peroxide market study done by Fact.MR gives exclusive information about how the market will grow during the forecast period of 2019 - 2029. The study identifies crucial trends that are determining growth of the electronic grade hydrogen peroxide market. This newly published report sheds light on vital dynamics, such as drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply of electronic grade hydrogen peroxide. The report primarily conveys a summary of the market, considering the present and upcoming semiconductor industry developments to reveal striking sides relating to the adoption of electronic grade hydrogen peroxide across prominent regional markets.
A detailed assessment of the market supply chain analysis, business execution, and value chain analysis across the regional markets have been provided in the report. A list of prominent companies operating in the electronic grade hydrogen peroxide market, enhance the reliability of this comprehensive research study.
Electronic Grade Hydrogen Peroxide Market: Report Summary
The study offers an inclusive analysis on diverse features including demand, revenue generation, and sales by key players in the electronic grade hydrogen peroxide market across the globe. A comprehensive study on the market has been done through optimistic and conservative scenarios. The analysis and estimation of price point comparison by region with the global average price has been included in this study.
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.
|
Primary function |
Concentration |
Contamination level |
Application |
Region |
|
Etchant (Etching Agent) |
30 - 32 % |
<100 ppb |
Printed Circuit Board Etching |
North America |
|
Oxidizing & Cleaning Agent |
Above 32% |
<10 ppb |
Semiconductor Wafer Cleaning |
Europe |
|
|
|
<1 ppb |
Flat Panel Display Manufacturing |
East Asia |
|
|
|
<0.1 ppb |
Photovoltaic Manufacturing |
South Asia & Oceania |
|
|
|
< 0.01 ppb |
Others |
Rest of the World |
“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”
Electronic Grade Hydrogen Peroxide Market: Analysis on Market Size Evaluation
Existing predictions of the electronic grade hydrogen peroxide market, encompassing current as well as forthcoming values estimates, analysis on region-wise demand trends, and price index have been assimilated in the report.
The market estimation at the regional and global scale of electronic grade hydrogen peroxide is available in terms of value (US$ Mn) and in terms volume (Kilo Tons). A Y-o-Y growth contrast of the prominent electronic grade hydrogen peroxide market segments, along with market attractiveness valuation computes have been incorporated in the report. Metrics mentioned above are also based on electronic grade hydrogen peroxide types, where electronic grade hydrogen peroxide witnesses a steady demand.
Electronic Grade Hydrogen Peroxide Market: Scrutinized Assessment on Regional Segments
The weighted sections have been elaborated in the report of the electronic grade hydrogen peroxide market, which deliver projection on regional markets. These chapters highlight regional macros (political economic and business environment outlook), which are expected to have a momentous influence on the growth of the electronic grade hydrogen peroxide market during the forecast period.
Country-specific valuation on the demand for electronic grade hydrogen peroxide has been offered for each regional market, along with market scope estimates and forecast, price index, price point assessment, and impact analysis of dynamics in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Electronic Grade Hydrogen Peroxide Market: In-depth Analysis on Competitive Landscape
The report offers the competitive scenario of the electronic grade hydrogen peroxide market, along with profiles of prominent companies contributing to market expansion. Essential and up-to-date data as well as information correlated to market performers, who are principally engaged in the production and supply of electronic grade hydrogen peroxide, have been presented with the help of a detailed dashboard view. The market share analysis and comparison of prominent players provided in the report permit readers to take preemptive steps in advancing their businesses.
Company profiles have been combined in the report, which exert essentials such as form portfolio, along with all-inclusive SWOT analysis on each player. The company’s presence is mapped and presented through the matrix for all prominent players functioning in the electronic grade hydrogen peroxide market. It offers actionable insights to readers, which helps in thoughtfully presenting market status, and predicting competition levels in the electronic grade hydrogen peroxide market. Prominent companies operating in the global electronic grade hydrogen peroxide market include Arkema, Changchun Group, Evonik Industries, Grasim Industries, Mitsubishi Gas Chemical Company, Inc. and Solvay.
Fact.MR offers custom research services that help clients to get specific research solutions
Related reports
We are committed towards customer satisfaction and quality service.
Our Clients
Electronic Grade Hydrogen Peroxide Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029