Electronic Grade Hydrogen Peroxide Research Report: the global market size is projected to reach USD 0.9 billion by 2030

Electronic grade hydrogen peroxide is a very important high-purity reagent in the microelectronics industry, mainly used as a semiconductor silicon wafer cleaning agent. During the process, impurities in the reagents will have a fatal effect on the performance of the components; therefore, hydrogen peroxide has very strict requirements on purity.

 

According to the new market research report “Electronic Grade Hydrogen Peroxide – Global Market Insights and Sales Trends 2024”, published by QYResearch, the global Electronic Grade Hydrogen Peroxide market size is projected to reach USD 0.9 billion by 2030, at a CAGR of 9.4% during the forecast period.

• Global Electronic Grade Hydrogen Peroxide MarketSize(US$ Million), 2019-2030

Source: QYResearch, “Electronic Grade Hydrogen Peroxide – Global Market Insights and Sales Trends 2024”

 

• Global Electronic Grade Hydrogen Peroxide Top12Players RankingandMarketShare (Ranking is based on the revenue of 2023, continually updated)

Source: QYResearch, “Electronic Grade Hydrogen Peroxide – Global Market Insights and Sales Trends 2024”

According to QYResearch Top Players Research Center, the global key manufacturers of Electronic Grade Hydrogen Peroxide include MGC, Chang Chun Group, Solvay, Santoku Chemical Industries, Evonik, Arkema, Asia Union Electronic, Jingrui Chemical, Hansol, Jiangyin Jianghua Microelectronics Materials, etc. In 2023, the global top 10 players had a share approximately 90.0% in terms of revenue.

Market Drivers:

Downstream demand: In recent years, China’s electronics industry has developed rapidly, and technological innovation has entered an intensive period, which has also directly driven the surge in demand for electronic chemicals used for cleaning and etching large integrated circuits, LCDS and semiconductors, and the electronic chemicals industry has thus become one of the fast-growing and dynamic branches of China’s chemical industry. With the progress of China’s microelectronics industry, it has played a great role in promoting economic development, and has gradually become one of the pillar industries. In order to meet the needs of the development of microelectronics technology, the requirement of high purity electronic grade hydrogen peroxide is getting higher and higher.

The development of the wet electronic chemicals industry; Wet electronic chemicals are a variety of electronic chemical materials used in the wet process of microelectronics and optoelectronics, they are innovative products combining electronic technology and chemical materials, and have strict requirements for raw materials, purification methods, containers, environment and testing. The development of the electronics industry requires the simultaneous development and continuous upgrading of wet electronic chemicals to meet the needs of its continuous innovation technology. In a sense, the wet electronic chemical industry supports new energy, modern communications, computers, information network technology, microcomputer mechanical intelligent systems, industrial automation, household appliances and other modern science and technology industries. Therefore, the development scale and technical level of the electronic chemical raw material industry has become an important symbol of measuring a country’s economic development, scientific and technological progress and national defense strength, and has an important strategic position in the national economy. It is one of the most competitive material fields in scientific and technological innovation and international competition. Wet electronic chemicals are widely used in semiconductor, flat panel display, solar cell and other fields, among which the field of liquid crystal panel is developing rapidly. Wet electronic chemicals are the key basic materials and important supporting materials of China’s electronics industry. The quality of wet electronic chemicals directly determines the performance and quality of electronic products, and also has a very important significance for the upgrade and progress of electronic manufacturing industry technology.

The development of China’s photovoltaic industry: Driven by China’s “carbon peak, carbon neutral” goal and the “14th Five-Year Plan”, the heat of clean energy, including solar energy, is unprecedented, and China’s mainstream photovoltaic cell manufacturers are actively expanding production. At the same time, China accounts for about 80 percent of global solar panel production. As climate issues get more and more widespread public attention, the rapid rise in global photovoltaic installed capacity undoubtedly stimulates the growth of China’s photovoltaic industry.

 

Restraint:

Electronic grade hydrogen peroxide can react violently with other substances, such as improper use, storage, or encounter external conditions such as heat sources and fire sources, and it is prone to explosion. In addition, the production process is more dependent on energy, which increases the production cost of enterprises.

Some enterprises have insufficient technological innovation capabilities, and product quality and stability need to be improved.

With the tightening of environmental protection policies, the electronic grade hydrogen peroxide industry is facing greater environmental pressure, and it is necessary to effectively promote the reduction of environmental pollution.

The upstream industries of the products are mainly basic chemicals such as petrochemicals and energy industries such as natural gas and electricity. The fluctuation of raw materials and energy prices has a great impact on the production cost of industrial enterprises.

 

Trends:

Technical requirements will continue to improve: With the advancement of science and technology and the improvement of the manufacturing process of electronic components, the technical requirements of electronic grade hydrogen peroxide will also continue to improve. In the future, electronic grade hydrogen peroxide will need to have higher purity, lower impurity content, and better stability and adaptability. At the same time, in order to meet the requirements of green environmental protection, electronic grade hydrogen peroxide will also develop in the direction of more environmental protection and sustainable development. Therefore, for manufacturers, only by constantly strengthening technology research and development and innovation, improve product technical content and quality, in order to be invincible in the fierce market competition.

Industry integration will be further strengthened: With the intensification of market competition and the improvement of environmental protection requirements, the integration of the electronic grade hydrogen peroxide industry will be further strengthened. Large enterprises will further expand their market share through mergers and acquisitions, cooperation and other ways, while small enterprises need to continuously improve their competitiveness in product quality, service and other aspects. At the same time, with the strengthening of industry integration, industry standards and norms will be gradually established and improved, which is conducive to the healthy development of the industry.

 

About The Authors

Yin Hang

Lead Author

Email: yinhang@qyresearch.com

Tel: +86-18310165532

 

About QYResearch

QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.

QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.