Global Electronic Grade Hydrogen Peroxide Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2022-2028

Electronic Grade Hydrogen Peroxide Market 

Considering the economic change due to COVID-19 and Russia-Ukraine War Influence, the global Electronic Grade Hydrogen Peroxide market is projected to reach US$ 779.4 million by 2028 from an estimated US$ 435.2 million in 2022, at a CAGR of 10.2% during 2023 and 2028.

In the microelectronics sector, electronic-grade hydrogen peroxide is a highly significant high-purity reagent that is primarily employed as a semiconductor silicon wafer cleaner, etchant, and photoresist remover, as well as for cleaning and etching solar silicon wafers. Hydrogen peroxide has very severe standards for purity since imperfections in the reagents will have a devastating impact on the performance of the components during the process.

Trends Influencing the Growth of the Global Electronic Grade Hydrogen Peroxide Market 

The development of semiconductor technology is one of the main reasons propelling the market for electronic-grade hydrogen peroxide. More sophisticated and smaller electronic devices are required as the semiconductor industry develops. High-purity chemicals, including electronic-grade hydrogen peroxide, are used in extremely accurate and effective production procedures to achieve this. To assure the necessary performance and dependability of semiconductor devices, which are becoming more sophisticated and smaller in size, purer forms of hydrogen peroxide must be used.

Additionally, the need for electronic grade hydrogen peroxide is being fueled by the rising use of electronic devices like smartphones, tablets, and IoT gadgets. High-performance semiconductor components that have undergone exacting manufacturing procedures are necessary for these devices. In several steps of the semiconductor manufacturing process, such as wafer cleaning and surface preparation, electronic grade hydrogen peroxide is utilized to remove impurities and guarantee the quality and dependability of the devices.

The growing attention given to sustainability and environmental standards is another aspect fueling industry expansion. Hydrogen peroxide of the electronic grade is an ecologically safe substitute for harsh acids and other chemicals used in the production of semiconductors. It is a chemical that may be handled and disposed of more readily and is generally safer and less hazardous. The introduction of electronic grade hydrogen peroxide in semiconductor manufacturing processes is driven by the industry's emphasis on sustainable practices and adherence to environmental standards.

The need for electronic grade hydrogen peroxide is also being driven by improvements in semiconductor packaging methods such as advanced packaging and 3D integration. To assure the dependability and operation of the packed devices, these packaging approaches necessitate exact cleaning and surface preparation procedures. Hydrogen peroxide of the electronic grade is essential to these procedures because it offers the necessary performance and purity for cutting-edge packaging techniques.

Electronic Grade Hydrogen Peroxide Market Share

With a CAGR of 11.98% from 2020 to 2027, the sales volume of electronic grade hydrogen peroxide grew from 549,01 K MT in 2015 to 1638,63 K MT in 2027.

According to purity, electronic grade hydrogen peroxide may be divided into five categories: EL (SEMI G1), UP (SEMI G2), UP-S (SEMI G3), UP-SS (SEMI G4), and UP-SSS (SEMI G5). It has a wide range of industrial applications. According to survey findings, UP (SEMI G2) sales share was 17.45% in 2019 while EL Grade sales share was 58.17%. 

Semiconductors, solar energy, and LCD panels are the main uses of electronic grade hydrogen peroxide. According to survey findings, semiconductor sales will grow by 12.37% CAGR from 2020 to 2027, from 613.72 million metric tonnes in 2019 to 1310.06 million metric tonnes in 2027.

Key Companies

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2017-2022. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:

• Solvay
• Santoku Chemical Industries
• MGC
• Evonik
• Chang Chun Group
• Arkema
• Technic
• Jiangyin Jianghua Microelectronics Materials
• Asia Union Electronic Chemical Corp
• Suzhou Jingrui Chemical
• Hangzhou Jingxin Chemical
• Shanghai HABO Chemical Technology Co., Ltd.
• Hansol

By Type

• EL (SEMI G01)
• UP (SEMI G1)
• UP-S (SEMI G2)
• UP-SS (SEMI G3)
• UP-SSS (SEMI G4)

By Application

• Semiconductor
• Solar Energy
• Display Panel
• Others

Regional Outlook

This section of the report provides key insights regarding various regions and the key players operating in each region. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. The readers will also get their hands on the revenue and sales data of each region and country for the period 2017-2028.

The market has been segmented into various major geographies, including North America, Europe, Asia-Pacific, South America, Middle East & Africa. Detailed analysis of major countries such as the USA, Germany, the U.K., Italy, France, China, Japan, South Korea, Southeast Asia, and India will be covered within the regional segment. For market estimates, data are going to be provided for 2021 because of the base year, with estimates for 2022 and forecast revenue for 2028.

• North America
• United States
• Canada
• Europe
• Germany
• France
• UK.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia-Pacific
• China
• Japan
• South Korea
• India
• Southeast Asia
• Australia
• Rest of Asia-Pacific
• Latin America
• Mexico
• Brazil
• Argentina
• Rest of Latin America
• Middle East & Africa
• Turkey
• Saudi Arabia
• UAE