Electronic Grade Hydrogen Peroxide Market Trends

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