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Electronic Grade Hydrogen Peroxide Market Is Forecast To Expand At An Annual Growth Rate Of 4.6% By 2029

Electronic Grade Hydrogen

Increased fab capacity and processed silicon wafer surface area has driven the consumption of IC (integrated circuit) process chemicals and the scenario is projected to continue due to new emerging technologies.

Increased complexity in semiconductors have increased the number of process steps and spurred the demand for etching and cleaning agents.

In semiconductor manufacturing process, effective cleaning of fine geometries and tools requires wet processing which is poised to propel the demand for electronic grade hydrogen peroxide during the forecast period (2019-2029).

Enhanced and emerging technologies also demand high level of product purity which will amplify the consumption of wet process chemicals during the forecast period.

Ultra-pure electronic grade hydrogen peroxide aligns with the purity level of semiconductor manufacturers and has become a key wet process chemical in semiconductor manufacturing process.

Attributed to the aforementioned facts, electronic grade hydrogen peroxide market is forecast to expand at an annual growth rate of 4.6% during the forecast period.

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Electronic Grade Hydrogen Peroxide Market: Segmentation

Fact.MR has segmented the electronic grade hydrogen peroxide market on the basis of primary function, concentration, contamination level, application and region.

Targeted Organic and Inorganic Strategies by Players to Assist Market’s Growth

Electronic grade hydrogen peroxide market is highly consolidated market in which a fraction of the players account for nearly three fourth the market share.

Solvay S.A., Mitsubishi Gas Chemical Company, Inc., Evonik Industries AG and Arkema are the leading electronic grade hydrogen peroxide manufactures.

The scenario is projected to continue due to ongoing production capacity expansions by these players. In addition, prominent players have utilized their cash reserves to deepen their roots in high potential regions like China and Taiwan.

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