The Electronic Grade Hydrogen Peroxide Market Size was estimated at 9.64 (USD Billion) in 2022. The Electronic Grade Hydrogen Peroxide Market is expected to grow from 10.35 (USD Billion) in 2023 to 19.5 (USD Billion) by 2032. The Electronic Grade Hydrogen Peroxide Market CAGR (growth rate) is expected to be around 7.3% during the forecast period (2024 - 2032).
Key Electronic Grade Hydrogen Peroxide Market Trends Highlighted
The electronic-grade hydrogen peroxide market is poised for significant growth, driven by several key factors. Growing demand in various industries, particularly in the electronics and semiconductor sectors, is propelling market expansion.The increasing adoption of advanced technologies such as 5G and artificial intelligence (AI) is fueling the need for highly pure hydrogen peroxide in the production of semiconductors and other electronic components.Moreover, rising environmental consciousness and stringent regulations on ozone-depleting substances are driving the demand for E-grade hydrogen peroxide as an environmentally friendly alternative to traditional cleaning and bleaching agents.The market is also expected to benefit from technological advancements leading to improved production processes and reduced costs, making electronic grade hydrogen peroxide more accessible to various end-use industries.Additionally, the increasing penetration of these technologies in emerging economies presents lucrative opportunities for market expansion.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Electronic Grade Hydrogen Peroxide Market Drivers
Increasing Demand for Electronic Grade Hydrogen Peroxide in the Semiconductor Industry
Electronic-grade hydrogen peroxide is widely used in the manufacturing of semiconductors. The semiconductor industry is the leading consumer of electronic-grade hydrogen peroxide.With the rising demand for semiconductors and their increasingly widespread application in every sphere, the market for electronic-grade hydrogen peroxide is expected to increase.The semiconductor industry will continue to grow soon as the use of artificial intelligence and 5G technology becomes more popular and the Internet of Things encompasses even more devices.The growing demand for semiconductors drives the rising demand of electronic grade hydrogen peroxide since that is a vital material for semiconductors’ manufacturing.The increasing demand for electronic-grade hydrogen peroxide in the semiconductor industry is also associated with the cumulating trend of applying advanced packaging technologies.Specifically, fan-out wafer-level packaging and system-in-package are gaining momentum, and they also use electronic grade hydrogen peroxide in the processes of cleaning and etching.It should be expected that the increased adoption of these advanced packaging technologies, FOWLP and SiP, will also cause the demand to rise soon.
Growing Adoption of Electronic Grade Hydrogen Peroxide in the Medical Industry
Usage in Medical Industry Another vast consumer of electronic grade hydrogen peroxide is the medical industry. It is applied in a wide variety of medical applications including wound care, disinfection, and sterilization.The medical devices’ market growth and increasing frequency of chronic diseases are expected to drive demand in the medical industry. One of the numerous factors which drive the demand for electronic grade hydrogen peroxide in medical is the increasing demand for medical devices turnover.Manufacturers apply hydrogen peroxide and other similar substances to fabricate medical devices ranging from surgical instruments to implants and catheters. The increasing medical device demand is expected to continue driving the demand in the medical industry too.
Increasing Stringent Environmental Regulations
Tightening environmental regulations are another factor expected to drive the demand for electronic grade hydrogen peroxide. Electronic grade hydrogen peroxide is a relatively “green” chemical, and it is used in a wide variety of applications where environmental concerns are paramount.The growing public concern for the use of “green” products and alternatives of more damaging industrial chemicals is expected to drive the demand for electronic grade hydrogen peroxide in the future.In addition, the tightening environmental regulations are also associated with the demand for electronic grade hydrogen peroxide in the chemical industry.Hydrogen peroxide has a wide range of applications in several chemical processes, including production of pulp and paper, textiles, and plastics. Increased demand for “clean” chemicals in the chemical industry is expected to drive the demand for electronic grade hydrogen in this market as well.
Electronic Grade Hydrogen Peroxide Market Segment Insights
Electronic Grade Hydrogen Peroxide Market Application Insights
The Electronic Grade Hydrogen Peroxide Market has been segmented by application into Semiconductor, Printed Circuit Board, Flat Panel Display, Photovoltaic, and Medical.The Semiconductor segment was the largest segment of the Electronic Grade Hydrogen Peroxide Market in 2023 and is projected to retain its leading position throughout the forecast period.The demand for electronic grade hydrogen peroxide is driven by the increasing sales of semiconductors to serve as the core components in many modern devices, such as smartphones, laptops, and tablets.Moreover, the Printed Circuit Board segment is forecast to achieve the fastest growth due to the rapidly growing sales and production capacities.The Flat Panel Display segment presents another booming market for electronic grade hydrogen peroxide, which is spurred by the swiftly increasing sales of flat-panel TVs and monitors.Meantime, the Photovoltaic segment is likely to exhibit average growth, with adoption rates of solar energy growing steadily across the globe.Finally, the medical segment will be another key driver for the Electronic Grade Hydrogen Peroxide Market as sales of hydrogen peroxide to be used for medical purposes, such as treatment of wounds and as a disinfectant, as part of the healthcare industry’s growth.Overall, the Electronic Grade Hydrogen Peroxide Market shows promising growth prospects, driven by the increasing demand for modern devices and the rising ubiquity of hydrogen peroxide.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Electronic Grade Hydrogen Peroxide Market Grade Insights
Electronic Grade Hydrogen Peroxide Market is divided by Grade as 30%, 35%, 50%, 70%, and 90%. The 30% segment dominated the market in 2023 and is anticipated to continue leading the market over the forecast period.The growth of the segment can be attributed to the rising demand for hydrogen peroxide in the electronic industry, particularly in the production of semiconductors and printed circuit boards.The 35% segment is anticipated to grow at a significant rate over the forecast period owing to rising utilization of hydrogen peroxide in the chemical industry, especially in the production of plastic and polymers.The 50% segment is anticipated to hold a considerable market share owing to the rising demand for hydrogen peroxide in the healthcare industry, especially in the disinfection of medical devices and surface.The 70% and 90% segments are anticipated to grow at a moderate rate owing to the increasing utilization of hydrogen peroxide in the food and beverage industry, especially in food preservation.
Electronic Grade Hydrogen Peroxide Market End-Use Industry Insights
The Electronic Grade Hydrogen Peroxide Market is segmented by end-use industry into Electronics, Automotive, Aerospace, Pharmaceuticals, and Food Beverage.The Electronics segment is projected to account for the largest share of the market in 2023 and is expected to continue to dominate the market throughout the forecast period. The growth of this segment can be attributed to the increasing demand for electronic devices, such as smartphones, laptops, and tablets.The Automotive segment is also expected to witness significant growth over the forecast period, driven by the rising demand for hydrogen peroxide in the manufacturing of electric vehicles and fuel cells.The Aerospace segment is expected to experience moderate growth, as hydrogen peroxide is used as a propellant in rockets and spacecraft. The Pharmaceuticals segment is also expected to witness steady growth, as hydrogen peroxide is used in the production of pharmaceuticals and medical devices.The Food Beverage segment is expected to account for a small share of the market, as hydrogen peroxide is used as a preservative and bleaching agent in the food and beverage industry.
Electronic Grade Hydrogen Peroxide Market Form Insights
The Electronic Grade Hydrogen Peroxide Market is segmented based on form into liquid and vapor. The liquid segment held the largest market share in 2023 and is expected to continue its dominance throughout the forecast period.The growth of the liquid segment can be attributed to the increasing demand for hydrogen peroxide in various applications, such as semiconductor manufacturing, chemical synthesis, and water treatment.The growth of the market is attributed to the increasing demand for hydrogen peroxide in various industries, such as electronics, semiconductors, and water treatment.
Electronic Grade Hydrogen Peroxide Market Regional Insights
The Electronic Grade Hydrogen Peroxide Market is segmented into North America, Europe, APAC, South America, and MEA.Among these regions, North America is expected to hold the largest market share in 2023, owing to the presence of many electronics manufacturers in the region.Europe is expected to be the second largest market, followed by APAC. The APAC region is expected to witness the highest growth rate during the forecast period due to the increasing demand for electronics from emerging economies such as China and India.South America and MEA are expected to account for a smaller share of the market. 
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Electronic Grade Hydrogen Peroxide Market Key Players and Competitive Insights
Major players in the Electronic Grade Hydrogen Peroxide Market are focusing on expanding their production capacities to meet the growing demand from the electronics industry.They are also investing in research and development to improve the efficiency and quality of their products.Leading Electronic Grade Hydrogen Peroxide Market players are also forming strategic partnerships and collaborations to gain a competitive edge in the market.The Electronic Grade Hydrogen Peroxide Market development is being driven by the increasing demand from the electronics industry, particularly for use in the production of semiconductors and printed circuit boards. Solvay is a leading supplier of the Electronic Grade Hydrogen Peroxide Market. The company has a strong presence in the Asia-Pacific region, which is the largest market for electronic-grade hydrogen peroxide.Solvay is investing in expanding its production capacity in the region to meet the growing demand from the electronics industry.The company is also focusing on developing new products and technologies to improve the efficiency and quality of its products. Merck KGaA is another major player in the Electronic Grade Hydrogen Peroxide Market. The company has a strong presence in Europe and North America.Merck KGaA is investing in research and development to improve the efficiency and quality of its products. The company is also focusing on expanding its product portfolio to include new products and technologies.
Key Companies in the Electronic Grade Hydrogen Peroxide Market Include
Evonik Industries AG
BASF SE
Kanto Kagaku America, LLC.
Mitsubishi Gas Chemical Company, Inc.
Akzo Nobel N.V.
Sumitomo Chemical Co., Ltd.
Kemira Oyj
PeroxyChem, LLC
Nippon Peroxide Co., Ltd.
Solvay SA
Olin Corporation
Ecolab Inc.
Henkel AG Co. KGaA
Electronic Grade Hydrogen Peroxide Market Developments
The Electronic Grade Hydrogen Peroxide Market is poised to grow significantly over the forecast period.This growth can be attributed to the increasing demand for electronic devices, which require high-purity hydrogen peroxide for cleaning and etching processes.Asia-Pacific is expected to be the largest market for electronic-grade hydrogen peroxide, owing to the presence of major electronics manufacturers in the region.Recent developments in the market include the launch of new products and technologies. For instance, in 2023, Solvay launched a new range of electronic grade hydrogen peroxide products that meet the stringent requirements of the electronics industry. This product launch is expected to further drive the growth of the market.
Electronic Grade Hydrogen Peroxide Market Segmentation Insights
Electronic Grade Hydrogen Peroxide Market Application Outlook
Semiconductor
Printed Circuit Board
Flat Panel Display
Photovoltaic
Medical
Electronic Grade Hydrogen Peroxide Market Grade Outlook
30%
35%
50%
70%
90%
Electronic Grade Hydrogen Peroxide Market End-Use Industry Outlook
Electronics
Automotive
Aerospace
Pharmaceuticals
Food Beverage
Electronic Grade Hydrogen Peroxide Market Form Outlook
Liquid
Vapor
Electronic Grade Hydrogen Peroxide Market Regional Outlook
North America
Europe
South America
Asia-Pacific
Middle East and Africa
| Report Attribute/Metric | Details |
| Market Size 2022 | 9.64(USD Billion) |
| Market Size 2023 | 10.35(USD Billion) |
| Market Size 2032 | 19.5(USD Billion) |
| Compound Annual Growth Rate (CAGR) | 7.3% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2023 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Evonik Industries AG, BASF SE, Kanto Kagaku America, LLC., Mitsubishi Gas Chemical Company, Inc., Akzo Nobel N.V., Sumitomo Chemical Co., Ltd., Kemira Oyj, PeroxyChem, LLC, Nippon Peroxide Co., Ltd., Solvay SA, Olin Corporation, Ecolab Inc., Henkel AG Co. KGaA |
| Segments Covered | Application, Grade, End-Use Industry, Form, Regional |
| Key Market Opportunities | 1 Growing demand for semiconductors 2 Expansion of the electronics industry 3 Increasing adoption of advanced packaging technologies |
| Key Market Dynamics | Demand surge in the semiconductor industry, Growing electronics sector, and Increasing adoption of water treatment |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Electronic Grade Hydrogen Peroxide Market was valued at approximately USD 10.35 billion in 2023 and is projected to reach a value of USD 19.5 billion by 2032, exhibiting a CAGR of 7.3% during the forecast period.
Asia-Pacific is anticipated to dominate the electronic grade hydrogen peroxide market throughout the forecast period, owing to the increasing demand for electronic devices and the presence of a large electronics industry in the region.
Electronic-grade hydrogen peroxide is primarily used in the manufacturing of semiconductors, printed circuit boards, and flat panel displays. It is also used in the production of solar cells and fuel cells.
The major players in the electronic grade hydrogen peroxide market include Evonik Industries AG, Solvay, Arkema, Kemira, and PeroxyChem.
The key factors driving the growth of the electronic-grade hydrogen peroxide market include the rising demand for electronic devices, the increasing adoption of advanced technologies, and the growing awareness of environmental sustainability.
The key challenges faced by the electronic grade hydrogen peroxide market include the stringent regulations regarding the production and handling of hydrogen peroxide, the volatility of raw material prices, and the intense competition from alternative cleaning solutions.
The outlook of the electronic grade hydrogen peroxide market is positive, with the market expected to experience steady growth over the next few years. The increasing demand for electronic devices and the growing adoption of advanced technologies are expected to continue to drive the growth of the market.
The emerging trends in the electronic-grade hydrogen peroxide market include the development of new and more efficient production technologies, the adoption of sustainable practices, and the increasing focus on research and development.
The key opportunities for the electronic-grade hydrogen peroxide market include the expanding electronics industry, the growing demand for environmentally friendly cleaning solutions, and the increasing investment in research and development.
The key challenges for the electronic grade hydrogen peroxide market include the stringent regulations regarding the production and handling of hydrogen peroxide, the volatility of raw material prices, and the intense competition from alternative cleaning solutions.
Senior Research Analyst With an experience of over five years in market research industry (chemicals & materials domain), i gather and analyze market data from diverse sources to produce results, which are then presented back to a client. also, provide recommendations based on the findings. as a senior research analyst, i perform quality checks (qc) for market estimations, qc for reports, and handle queries and work extensively on client customizations. also, handle the responsibilities of client proposals, report planning, report finalization, and execution
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