Electronic Grade Isopropyl Alcohol Market Share

Global Electronic Grade Isopropyl Alcohol Market Overview

The Electronic Grade Isopropyl Alcohol Market Size was valued at USD 56.7 million in 2022. The electronic grade isopropyl alcohol market industry is projected to grow to USD 85.6 million by 2030, exhibiting a compound annual growth rate (CAGR) of 5.27% during the forecast period (2023 - 2030). According to the market report, growing emphasis on electronics manufacturing and assembly processes boosts electronic grade isopropyl alcohol market.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Electronic Grade Isopropyl Alcohol Market Trends

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  Rising Demand for Electronic Grade Isopropyl Alcohol in the Semiconductor Industry, owing to the application of semiconductors in several electronic equipment.

  
  

The exceptional cleaning capabilities of electronic grade isopropyl alcohol (IPA), such as removal of oils, adhesives, fingerprints, soldering flux and other contaminants, makes it ideal for cleaning electronics. Electronic manufacturers have made it an essential ingredient in the production of semiconductors, providing the best possible performance and dependability of electronic devices. Precision cleaning is one of electronic grade IPA's main uses in the semiconductor sector. Printed circuit boards (PCBs), silicon wafers, and semiconductor components can gather impurities including dust, oils, and residues during the creation process. If not sufficiently eliminated, these impurities can have a significant effect on the reliability and performance of the finished semiconductor devices. To clean and eliminate these impurities, electronic grade IPA is frequently employed, guaranteeing that the surfaces are impurity-free and clean.

The creation and coating of photoresists is an important additional use for electronic grade IPA. Photoresist materials are placed and printed onto silicon wafers during the photolithography stage of semiconductor manufacture to generate circuit designs. In the development phase, electronic grade IPA is utilized to accurately show the necessary circuit layouts and eliminate extra photoresist materials. Additionally, electronic grade IPA is applied in coating applications to improve the uniformity and adherence of thin films and protective coatings on semiconductor surfaces.

To assure the quality and dependability of the produced devices, the semiconductor industry attaches a considerable deal of emphasis to wafer surface preparation. Silicon wafers must be cleaned and given a smooth surface before thin film deposition or the application of photoresist. Particles, organic pollutants, and static charges are removed from the wafer surfaces with electronic grade IPA in this process. Improved adhesion and performance of the semiconductor devices are achieved as a result of this rigorous cleaning procedure, which makes sure that the surfaces are clean and ready for the application of succeeding layers and materials.

The semiconductor industry's emphasis on quality assurance and the expanding demand for electronic grade IPA are intertwined. To suit the requirements of varied applications, semiconductor makers work to build highly dependable devices. Defects, lower yields, and diminished device performance can be brought on by contaminants on semiconductor surfaces. The overall quality and dependability of manufacturers' semiconductor goods can be improved by using electronic grade IPA for precision cleaning and surface preparation.

Figure 1: Semiconductor Annual Growth Rate By End-Use Industry in 2021 (%)

Moreover, the growing adoption of advanced technologies, such as the Internet of Things (IoT), artificial intelligence (AI), and 5G, is driving the demand for electronic-grade IPA in the semiconductor industry. These technologies require highly reliable and high-performance semiconductor devices, which necessitate stringent cleaning and surface preparation processes. Electronic grade IPA enables manufacturers to achieve the desired levels of cleanliness and surface quality, meeting the requirements of these advanced applications.

Electronic Grade Isopropyl Alcohol Market Segment Insights

Purity Insights

The electronic grade isopropyl alcohol market, based on Purity, includes 99.99%, and less than 99.99%. Less than 99.99% held the majority share in 2022, in the market of the global electronic grade isopropyl alcohol. This is primarily owing to the surge in demand for less than 99.99% purity for various applications globally will eventually raise the demand for less than 99.99%. The demand for consumer electronics products due to rapid digitalization, growing cloud computing, and others is accelerating the growth of less than 99.99% electronic grade isopropyl alcohol purity during the forecast period.

Figure 2: Electronic Grade Isopropyl Alcohol Market, by Purity, 2021 & 2030 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Electronic Grade Isopropyl Alcohol Application Insights

Based on application, the Electronic Grade Isopropyl Alcohol Market has been classified as Integrated chips, Printed Circuit boards, Semiconductors, LCD Cleaning and Others. The semiconductor segment dominated the market in 2022 and is projected to be the fastest-growing segment during the forecast period, 2023-2030. This is due to the rising demand for semiconductors for various electronic components such as computers, automotive electronics components, consoles, and others. Hence, the growing application of electronic grade isopropyl alcohol in the semiconductors industry and its application in various end-use industries will positively impact the market.

Electronic Grade Isopropyl Alcohol Regional Insights

Region-wise Global Organic Pigments Market has been divided into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. According to market statistics, The Asia-Pacific electronic grade isopropyl alcohol market is the fastest-growing market and holds a significant share in 2022 and is expected to exhibit a significant CAGR during the study period. As per market statistics, this growth is attributed to the presence of manufacturing facilities and rapid digitalization across the region. Asia-Pacific is anticipated to register a significant growth rate over the forecast period from 2023–2030 for electronic-grade isopropyl alcohol market and China is one of the largest manufacturing hubs.

Furthermore, the major countries studied are US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3: Electronic Grade Isopropyl Alcohol Market Share By Region 2022 & 2030 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Electronic Grade Isopropyl Alcohol Key Companies & Competitive Insights

Companies are spending a lot of money on R&D to increase their product lines, which will help the electronic grade isopropyl alcohol market grow even more. Companies are also taking various strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers & acquisitions, increased investments, and collaboration with other organizations. As competitive landscape, players in the electronic grade isopropyl alcohol market must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

One of the primary business strategies manufacturers adopt in the Electronic Grade Isopropyl Alcohol Market to benefit clients and expand the electronic grade isopropyl alcohol market sector is manufacturing locally to reduce operating costs. Also, growing advancement in the production process eventually help to boost the market.

Key Companies in the Electronic Grade Isopropyl Alcohol market include

• ExxonMobil


• LCY Chemical


• LG Chem


• Mitsui Chemicals


• Tokuyama


• Dow Chemical Company


• KMG Electronic Chemicals


• Hefei TNJ Chemical Industry Co., Ltd


• Linde Gas


• MG Chemicals


• Fujifilm among others

Electronic Grade Isopropyl Alcohol Market Segmentation

Electronic Grade Isopropyl Alcohol Purity Outlook

• 99%


• Less than 99.99%

Electronic Grade Isopropyl Alcohol Application Outlook

• Integrated chips


• Printed Circuit boards


• Semiconductors


• LCD Cleaning


• Others

Electronic Grade Isopropyl Alcohol Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America