Electronic Grade Hydrogen Peroxide Market size is expected to garner revenue of USD 4 Billion by the end of 2035, growing at a CAGR of 7% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of electronic grade hydrogen peroxide was over USD 1 Billion. In a range of processes including cleansing, etching, and so on, wet chemicals have great potential. As regards all wet chemicals, hydrogen peroxide has been shown to be the most promising cleaning agent.
In order to offer a crystallized silicon water surface, there has been an increased number of process steps in the Chemical mechanical planarization process due to the greater need for effective and large-speed processing with smaller size. As a result of its superior disinfectant properties, hydrogen peroxide has been chosen by semiconductor producers as one of their disinfection agents. This factor is bolstering the market growth of electronic-grade hydrogen peroxide.
|
Base Year |
2022 |
|
Forecast Year |
2023-2035 |
|
CAGR |
~ 7% |
|
Base Year Market Size (2022) |
~ USD 1 Billion |
|
Forecast Year Market Size (2035) |
~ USD 4 Billion |
|
Regional Scope |
|
Growth Drivers
Challenges
Application (Printed Circuit Board Etching, Semiconductor Water Cleaning, Flat Panel Display Manufacturing, Paper and Pulp, Healthcare)
The semiconductor water cleaning segment is estimated to hold 29% share of the global electronic grade hydrogen peroxide market by 2035. In the treatment of water that contains iron, manganese, and dead egg sulphuric acid hydrogen peroxide is used as an oxidizing agent. It's more potent than potassium permanganate, as well as aeration and chlorine. In water, hydrogen peroxide is dissolved and produces dissolved oxygen, which creates an oxidizing effect. It is also applied to improve biodegradability, with regard to odour control, corrosion management, inorganic oxidation, ionising or metal oxidation, and biodegradability.
Primary Function (Etchant, Oxidizing, Bleaching, Cleaning Agent)
Electronic grade hydrogen peroxide market from the bleaching segment to hold a share of 36.6% by 2035 and is expected to expand largely during the forecast period. The product is used in a wide variety of industries, such as medicine and textiles. In addition, it is very readily available in the field of dentistry as a bleaching agent. It is used to bleach hair; it's been used as a mouthwash for the preservation of mouth hygiene. In the textile industry, where it is applied to cleaning up clothes and eliminating stains, a higher proportion are employed.
Our in-depth analysis of the global market includes the following segments:
|
Primary Function |
|
|
Concentration |
|
|
Application |
|
APAC Market Forecast
Asia Pacific electronic grade hydrogen peroxide market is expected to hold the largest revenue share of 52% by 2035. In 2021 the region, consisting of fast-growing economies such as India, China, South Korea, and Indonesia, accounted for a 46.1 % global market share in industrial hydrogen. Rapid industrialization and rising demand from the end-use sectors have contributed to this growth. The focus of most key players in this sector is on Asia Pacific Developing Countries, and they are increasingly expanding their footprints with production facilities, distribution centres, and research & development centres. The market is growing in Asia Pacific due to high economic growth rates.
European Market Statistics
Europe is expected to be the second largest region for the electronic grade hydrogen peroxide market. the region to hold a share of 20.3% by 2035. The increasing use of personal care and cosmetics products is rapidly growing the growth of the market. Hydrogen peroxide is used in cosmetics owing to its oxidizing properties. The developing cosmetic industries in the region have led to an increase in the demand for personal care and cosmetic products. The textile industry is also propelling market growth due to the usage of bleach.
Author Credits: Smruti Ranjan, Rajrani Baghel
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?