Global Electronic Grade Hydrogen Peroxide Market

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:

• Sunresin has developed a special resin for hydrogen peroxide with stable oxidation resistance and high adsorption capacity. The need for Electronic-Grade Hydrogen Peroxide production can be achieved with a TOC (Total Organic Carbon) of less than 10
• According to the National Integrated Circuit Development Promotion Outline, the Chinese government will increase investments to support the IC manufacturing and design industry.

A list of some of the critical suppliers present in the market 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
• Changchun Group
• Grasim Industries Limited
• Mitsubishi Gas Chemical Company
• OCI Company Ltd

Market Segments Covered in Report

By Primary Function:

• Etchant (Etching Agent) Silicone
• Oxidizing & Cleaning Agent

By Concentration:

• 30 – 32 %
• Above 32%

By Contamination Level:

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

By Application:

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

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Global Electronic Grade Hydrogen PeroxideMarket 2022-2030: Report Coverage and Highlights

• Assessment of the historical and current market size (2017-2021), market projections (2022-2030), and its contribution to the parent market
• Key drivers, restraints, opportunities, and key emerging trends impacting market growth
• Predictions on critical supply, demand, and technological trends and changes in consumer behavior
• Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
• Segment-wise, country-wise, and region-wise market analysis
• Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
• Key product innovations and regulatory framework
• Covid-19 impact on the market and how to navigate
• Strategic market analysis and recommendations on crucial winning strategies