Fact.MR, a market research and competitive intelligence provider, reports that the global electronic grade hydrogen peroxide market is projected to reach USD 1.57 billion in 2024 and expand at a CAGR of 4.6% from 2024 to 2034.

Driven by the rising demand for both industrial and consumer electronics, the electronics industry has seen substantial growth in recent years. This expansion has led to increased demand for high-purity chemicals like electronic-grade hydrogen peroxide, essential for the production and maintenance of electronic components.

As demand for compact electronic devices grows, semiconductor manufacturers are under pressure to minimize the size of integrated circuits (ICs) and other components. This shift from millimeters to nanoscale in microelectronics and optoelectronics has elevated purity standards, pushing manufacturers to adopt ultra-pure chemicals in their processes.

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As each new generation of nano-sized chips is introduced, the demand for electronic-grade hydrogen peroxide increases exponentially. This is because electronic-grade hydrogen peroxide meets the stringent purity and stability requirements essential for the electronics industry.

Key Takeaways from Market Study

  • The global electronic-grade hydrogen peroxide market is forecast to grow at an impressive CAGR of 4.6%, reaching a valuation of USD 2.46 billion by 2034.
  • In 2021, East Asia led the market with a dominant 75.0% share, while Europe is projected to reach USD 91.3 million by the end of 2022. China is expected to achieve a valuation of USD 440.8 million by the same year.
  • The application of electronic-grade hydrogen peroxide in printed circuit board etching is anticipated to represent 58.0% of the market share in 2022. Demand in East Asia and North America is expected to grow at CAGRs of 5.4% and 3.2%, respectively.

“Growing electronics industry and the need of high purity cleaning agents for ICs will propel the demand for electronic grade hydrogen peroxide,” says a Fact.MR analyst.

Segmentation of Electronic Grade Hydrogen Peroxide Industry Research

  • 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

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Market Development

Industry leaders in the electronic-grade hydrogen peroxide market are striking a balance between organic and inorganic growth strategies. Key approaches for success include strategic investments, capacity expansions, and targeted product launches. Additionally, major players are increasingly engaging in joint ventures and acquisitions to strengthen their market position.

Investments in advanced production facilities and cutting-edge technologies have significantly enhanced the purity levels of hydrogen peroxide. Manufacturers are now focusing on achieving Parts Per Trillion (PPT) purity to meet the evolving needs of semiconductor manufacturers, enabling them to produce high-performance, miniaturized components.

Key Companies Profiled

  • Arkema S.A.
  • Changchun Group
  • Evonik Industries
  • Grasim Industries
  • Mitsubishi Gas Chemical Company, Inc.
  • Santoku Chemical Industries Co., Ltd
  • Solvay SA
  • Taekwang Industrial Co., Ltd.

Read More: https://www.factmr.com/report/2954/electronic-grade-hydrogen-peroxide-market

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global electronic-grade hydrogen peroxide market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights based on primary function (etchant (etching agent), oxidizing & cleaning agent), concentration (30%-32%, above 32%), contamination level (<100 ppb, <10 ppb, <1 ppb, <0.1 ppb, <0.01 ppb), and application (printed circuit board etching, semiconductor wafer cleaning, flat panel display manufacturing, photovoltaic manufacturing, Others), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa)

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