Electronic Grade Hydrogen Peroxide Market
Electronic Grade Hydrogen Peroxide Market Study by Etching and Oxidizing & Cleaning Agents for Printed Circuit Board Etching, Semiconductor Wafer Cleaning, and Others from 2024 to 2034
Analysis of Electronic Grade Hydrogen Peroxide Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Electronic Grade Hydrogen Peroxide Market Outlook (2024 to 2034)
Rising use of electronic grade hydrogen peroxide as a specialized chemical for its low residue and high purity properties is driving its demand in several regions. The global electronic grade hydrogen peroxide (EGHP) market size is calculated to reach US$ 1.57 billion in 2024 and thereafter increase at a CAGR of 4.6% to climb to US$ 2.46 billion by 2034.
Electronic grade hydrogen peroxide provides an effective cleaning solution for the manufacturing of semiconductors, ensuring optimal performance, and minimal contamination. Hydrogen peroxide of this grade is formulated to match stringent industry requirements, and effectively remove inorganic or organic impurities without leaving any harmful residues.
Several solution types are available in the global market, ranging from customized blends tailored to particular semiconductor fabrication procedures and standard concentrations of certain electronic grade hydrogen peroxide. These solutions are projected to have a significant impact on enhancing reliability, efficiency, and yield in semiconductor production.
- East Asia is projected to account for 24.6% share of the global market by 2034.
- Demand for electronic grade hydrogen peroxide in Japan is forecasted to increase at a CAGR of 3.3% from 2024 to 2034.
- Worldwide sales of electronic grade hydrogen peroxide for photovoltaic manufacturing are approximated to rise at 4.3% CAGR and reach US$ 611.7 million by 2034-end.
An integral role of electronic grade hydrogen peroxide in semiconductor manufacturing is driving its demand. Its consumption in etching and cleaning processes for enduring flawless microchip production is expected to offer remunerative opportunities for market players. Constant advancements in manufacturing techniques along with the increasing complexity of semiconductors are anticipated to generate demand for electronic grade hydrogen peroxide in the coming 10 years.
Various initiatives are being taken by market players for eco-friendly and sustainable solutions to positively impact market dynamics. Improved yields, minimal residue, and precise material removal are some of the key advantages of using more effective electronic grade hydrogen peroxide. Further, they also help in matching stringent quality standards.
| Report Attributes | Details |
|---|---|
| Electronic Grade Hydrogen Peroxide Market Size (2024E) | US$ 1.57 Billion |
| Forecasted Market Value (2034F) | US$ 2.46 Billion |
| Global Market Growth Rate (2024 to 2034) | 4.6% CAGR |
| Market Share of Oxidizing & Cleaning Agents (2034F) | 69.2% |
| South Korea Market Growth Rate (2024 to 2034) | 5.9% CAGR |
| North America Market Share (2034F) | 10.1% |
| Key Companies Profiled |
|
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Which Aspects are Shaping Electronic Grade Hydrogen Peroxide Market Growth?
“Rising Production of Electronics Driving Demand for EGHP”
Leading companies are focusing on increasing their market share by offering cutting-edge products at economic prices, with higher performance, effective product quality, and lower costs. More electronic manufacturers are investing to match the rising demand for thinner, cost-effective, and smaller electronic gadgets. Increasing requirements for electronic miniaturization into a printed circuit board at economic prices helps in the development of manufacturing facilities around the world.
“High Requirements for Etch and Clean ICs”
Requirements for integrated circuit (IC) process chemicals are attributed to the rising fab capacity and increasing silicon wafer surface area. The development of new technologies is projected to help in the continuation of this trend. The complexity of semiconductors is leading to an increase in the demand for effective cleaning and etching solutions.
Wet processing plays a vital role in the semiconductor procedure for the efficient cleaning of small tools and geometries. Hydrogen fluoride, EGHP, nitric acid, sulphuric acid, ultrapure water, and some other wet chemicals are pivotal in matching the required purity level by semiconductor makers. In addition, an increased requirement for actuators, microcontrollers, sensors, and other semiconductor devices is attributed to the growing number of connected systems and devices. Therefore, a desire for high-purity products from future and improved technologies is driving demand for wet process chemicals, electronic grade hydrogen peroxide.
What is Hurting Demand Growth for Electronic Grade Hydrogen Peroxide?
“Noxious Effects of EGHP Obstructing Growth Opportunities”
One of the key drawbacks of using electronic grade hydrogen peroxide is its highly dangerous nature during handling. It is instructed to use electronic grade hydrogen peroxide under close supervision in research or industrial settings. Inhalation of hydrogen peroxide in different forms, including aerosols, mists, or vapors is estimated to cause severe health issues. Further, it is anticipated to speed up thermal breakdown for some fundamental materials, including heavy metals, copper alloys, etc. Therefore, it is very important to handle it correctly to avoid the chances of health hazards.
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Which Electronic Grade Hydrogen Peroxide Market Trends are Startups Capitalizing On?
“Introduction of New Gadgets and Technologies”
In recent years, a constant increase in the introduction of new gadgets and technologies has been encountered. Therefore, an increased demand for more effective electronic grade hydrogen peroxide is encountered to aid these newly developed modern techniques, which is further generating lucrative opportunities for startups.
Country-wise Insights
As mentioned in Fact.MR report, East Asia is evaluated to account for 24.6% of the electronic grade hydrogen peroxide market share by the end of 2034. Strong footprints of electronic grade hydrogen peroxide manufacturers in the region along with the availability of an excellent network for goods export and import ensure convenience. Moreover, growing expenditure in the electronics industry is also contributing to the rising demand for hydrogen peroxide.
Why are Suppliers of Electronic Grade Hydrogen Peroxide Gaining Prominence in the United States?
“Well-established Semiconductor Industry and Supportive Government Regulations”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 105.6 Million |
| Growth Rate (2024 to 2034) | 5.6% CAGR |
| Projected Value (2034F) | US$ 182.4 Million |
The United States is forecasted to account for 73.5% market share in North America by 2034. The country is identified as one of the prominent consumers of electronic grade hydrogen peroxide in the region. This is due to the presence of a well-established semiconductor industry.
Further, the United States is expected to increase its fabrication capacity share of semiconductors because of the supportive behavior of the government in the form of funds. In addition, increasing requirements for printed circuit board etching, flat panel display, semiconductor wafer cleaning, and photovoltaic manufacturing are contributing to the growing sales of electronic grade hydrogen peroxide as one of the key components used in the production process.
Some key market players in the United States are investing to increase their production capacities in response to growing fab capacity, which is further contributing to the expansion of electronic grade hydrogen peroxide market size.
What’s Contributing to Rising Sales of Electronic Grade Hydrogen Peroxide in China?
“Presence of Prominent Electronic Grade Hydrogen Peroxide Manufacturers”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 228.2 Million |
| Growth Rate (2024 to 2034) | 4.3% CAGR |
| Projected Value (2034F) | US$ 346.3 Million |
China is approximated to account for 57.3% of the East Asian market share by 2034-end. The presence of some of the key manufacturers of electronic grade hydrogen peroxide is contributing to the market growth in the country. Furthermore, the increasing production of electronic devices in China is also driving demand for hydrogen peroxide as a vital component. Constant efforts for the expansion of fabrication capacity are anticipated to generate requirements for hydrogen peroxide in the electronics industry.
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Category-wise Insights
According to the report published by fact.MR, a market research and competitive intelligence provider, electronic grade hydrogen peroxide is used significantly as an oxidizing & cleaning agent. It is used in various disinfectant products, including exterior and interior glass cleansers, etc.
For Which Primary Function is Demand for Electronic Grade Hydrogen Peroxide Increasing More?
“Rising Consumption of Electronic Grade Hydrogen Peroxide as Oxidizing & Cleaning Agents”
| Attribute | Oxidizing & Cleaning Agents |
|---|---|
| Segment Value (2024E) | US$ 1.08 Billion |
| Growth Rate (2024 to 2034) | 4.6% CAGR |
| Projected Value (2034F) | US$ 1.7 Billion |
Electronic grade hydrogen peroxide as an oxidizing & cleaning agent is evaluated to account for 69.2% share of the global market by the end of 2034. This is attributed to the wide use of hydrogen peroxide in the formulation of various hygiene items and cleaning agents. It is used in multiple disinfectant products, such as exterior and interior glass cleansers, sanitizers, etc.
Which Application of Electronic Grade Hydrogen Peroxide is Generating More Profits?
“Utilization of Electronic Grade Hydrogen Peroxide in Photovoltaic Manufacturing”
| Attribute | Photovoltaic Manufacturing |
|---|---|
| Segment Value (2024E) | US$ 401.1 Million |
| Growth Rate (2024 to 2034) | 4.3% CAGR |
| Projected Value (2034F) | US$ 611.7 Million |
Photovoltaic manufacturing is estimated to hold 24.9% share of global market revenue by 2034. Electronic grade hydrogen peroxide is utilized as a cleaning agent, which assists in the production of photovoltaic cells. These cells play a vital role in electricity generation in solar panels.
Competitive Landscape
Leading market players are targeting to invest in the development of novel technologies for the production of high-level electronic grade hydrogen peroxide. Further, new product development, offering quality products, and strengthening supply chain systems are some other key strategies adopted by leading companies to get an edge in the global market. They are setting up novel facilities to increase their production capacity.
For instance :
- Solvay, in June 2022, announced the building of its new facility for the development of electronic grade hydrogen peroxide in the United States. This initiative is estimated to help the company in offering high-purity chemicals to the manufacturers of semiconductors while using renewable electricity, and thus enhance market presence.
Key players in the electronic grade hydrogen peroxide market include Mitsubishi Gas Chemical Company, Inc., Arkema S.A., Taekwang Industrial Co., Ltd., Changchun Group, Solvay SA, Evonik Industries, Santoku Chemical Industries Co., Ltd., and Grasim Industries.
Segmentation of Electronic Grade Hydrogen Peroxide Market Research
-
By Primary Function :
- Etchant (Etching Agents)
- Oxidizing & Cleaning Agents
-
By Concentration :
- 30% to 32%
- Above 32%
-
By Contamination Level :
- <100ppb
- <10ppb
- <1ppb
- <0.1 ppb
- <0.01 ppb
-
By Application :
- Printed Circuit Board Etching
- Semiconductor Wafer Cleaning
- Flat Panel Display Manufacturing
- Photovoltaic Manufacturing
-
By Region :
- North America
- Europe
- East Asia
- Latin America
- Middle East & Africa
- South Asia & Oceania
- FAQs -
How big is the electronic grade hydrogen peroxide market size in 2024?
The global electronic grade hydrogen peroxide market is estimated at US$ 1.57 billion in 2024.
What is the sales projection for electronic grade hydrogen peroxide for 2034?
Worldwide demand for EGHP is anticipated to reach a valuation of US$ 2.46 billion by 2034.
What is the projected CAGR for the global EGHP market?
The global EGHP market is projected to expand at a CAGR of 4.6% from 2024 to 2034.
What is the contribution of East Asia to global market revenue share?
East Asia is evaluated to account for 24.6% share of the global market by the end of 2034.
At what rate is the demand for electronic grade hydrogen peroxide expected to increase in South Korea?
The market in South Korea is estimated to increase at a CAGR of 5.9% from 2024 to 2034.
How much share of the global market is photovoltaic manufacturing estimated to hold?
Photovoltaic manufacturing is approximated to hold 24.9% of the global market share by 2034.
What is the use of hydrogen peroxide in batteries?
Hydrogen peroxide plays a vital role in the production of battery grade metals and cathode active materials while utilizing multiple nickel, lithium, manganese, etc., sources.
Electronic Grade Hydrogen Peroxide Market
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