Electronic Grade Hydrogen Peroxide Market Size & Share, by Primary Function (Etchant, Oxidizing, Bleaching, Cleaning Agent); Concentration (30%, -32%, 32%); Application (Printed Circuit Board Etching, Semiconductor Water Cleaning, Flat Panel Display Manufacturing, Paper and Pulp, Healthcare) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 3792
  • Published Date: Sep 01, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

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.


Electronic Grade Hydrogen Peroxide Market
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Electronic Grade Hydrogen Peroxide Sector: Growth Drivers and Challenges

Growth Drivers

  • Economies of Gauge in Electric Creation – Manufacturers are looking for new opportunities to increase their market share and presence in a highly competitive electronics industry by offering advanced products at reduced costs through shorter deadlines, with superior product quality and greater performance. In addition, the market is driven by a growing demand for electronic components to be removed from printed circuit boards at affordable prices.
  • Increasing Demand for Etch ICs- Growing silicone water surface area and fab capacity have boosted the demand for IC (integrated circuit) process chemicals, and new emerging technologies are projected to maintain this trend. The market has grown due to the number of steps taken in manufacturing, as well as a demand for etch and chemical disinfectants.
  • Increased Use of Electronic Grade Hydrogen Peroxide in the Paper and Pulp Industry - In order to produce mechanical, chemical, or recyclable fibers as bleaching agents, the paper and pulp industry uses a large amount of hydrogen peroxide. It is employed in the whitener pulp industry in these industries. The most widely used type of paper in the world, containerboard, is expected to see a 27% increase in demand by 2032.

Challenges

  • Harmful Effects of Hydrogen Peroxide – If they contain more than 3% hydrogen peroxide, the main drawback of using hydrogen peroxide products is that they can be very dangerous to handle. Because of its powerful oxidative characteristics, this chemical might be detrimental to the skin, eyes, and breathing system. Hair whitening and eye irritation may occur as a result of prolonged exposure.
  • High Cost Associated with Raw Materials
  • Corrosive in Nature

Electronic Grade Hydrogen Peroxide Market: Key Insights

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

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
 
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Electronic Grade Hydrogen Peroxide Segmentation

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

  • Etchant
  • Oxidizing
  • Bleaching
  • Cleaning Agent

     Concentration

  • 30%
  • -32%
  • Above 32%

     Application

  • Printed Circuit Board Etching
  • Semiconductor Water Cleaning
  • Flat Panel Display Manufacturing
  • Paper and Pulp
  • Healthcare

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Electronic Grade Hydrogen Peroxide Industry - Regional Synopsis

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.

Research Nester
Electronic Grade Hydrogen Peroxide Market Size
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Companies Dominating the Electronic Grade Hydrogen Peroxide Landscape

top-features-companies
    • Nouryon
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Diversey Inc
    • Solvay SA
    • Arkema Group
    • Hydrite Chemical Co.
    • Kurita Water Industries Ltd.
    • UBE Corporation
    • Mitsubishi Gas Company
    • Taiyo Nippon Sanso Corporation
    • SANTOKU CHEMICAL INDUSTRIES Co., Ltd.

In the News

  • In order to enhance its biotechnological capabilities, thanks to natural ingredients, Solvay S.A. has made an investment in the Cipan manufacturing facility of Suanfarma which is located in Lisbon.
  • In order to better serve the crosslinking market in many European nations, Arkema, a pioneer in specialty materials, has announced that it would restructure the distribution of its Luperox and Retic organic peroxides.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 3792
  • Published Date: Sep 01, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Economies of gauge in electric creation, increasing demand for etch ICs and increased use of electronic grade hydrogen peroxide in the paper and pulp industry are driving the market growth.

The market size of electronic grade hydrogen peroxide is anticipated to attain a CAGR of 7% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Nouryon, Diversey Inc, Solvay SA, Arkema Group, Hydrite Chemical Co., Kurita Water Industries Ltd., UBE Corporation, Mitsubishi Gas Company, Taiyo Nippon Sanso Corporation, SANTOKU CHEMICAL INDUSTRIES Co., Ltd., and others.

The semiconductor water cleaning segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Electronic Grade Hydrogen Peroxide Market Report Scope
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