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Etching Chemicals Market - Global Industry Coverage, Chemical Coverage, Geographic Coverage and Leading Companies)

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    Report

  • 187 Pages
  • November 2023
  • Region: Global
  • Fairfield Market Research
  • ID: 5901081

Market for etching chemicals worth US$1.6 Bn in 2022 to reach US$2.5 Bn by 2030

Market to Experience Robust 6.3% Growth from 2023 to 2030, Driven by Advanced Packaging Technologies and Growing Demand for Miniaturization

The global etching chemicals market is set to witness substantial growth in the coming years, according to a recent report. The market, valued at US$1.6 billion in 2022, is forecasted to reach US$2.5 billion by 2030, marking a significant growth rate of 6.3% between 2023 and 2030.

The report identifies key trends and determinants shaping the etching chemicals market

- Customized Etching Chemicals Increasing demand for customized etching chemicals, particularly in high-tech sectors such as aerospace, healthcare, and automotive, is driving market growth. Tailored solutions are in high demand to meet specific industry requirements.
- Advanced Packaging Technologies The rapid growth of advanced packaging technologies, including 2.5D and 3D packaging, is a significant driver for etching chemicals. These technologies involve stacking semiconductor dies vertically, enhancing performance and functionality in a smaller form factor.
- Research and Development Challenges High research and development (R&D) costs pose a barrier for smaller businesses and startups seeking entry into the market, potentially limiting innovation and competition.
- Dominance of Electronic Etching Chemicals In 2022, electronic etching chemicals dominated the market, particularly in semiconductor fabrication. The removal of unwanted copper from PCB boards using etching chemicals is crucial for electronic device manufacturing.
- Ferric Chloride/Cuprous Chloride The ferric chloride/cuprous chloride category was a leader in the industry in 2022, primarily driven by demand from stainless steel product manufacturing.
- Asia Pacific Growth Asia Pacific is expected to experience the fastest growth, driven by the adoption of advanced technologies like 5G, AI, and IoT.
- North American Dominance North America is set to dominate the etching chemicals market, fueled by the demand for smaller and more powerful electronic components.

Comparative Analysis

The semiconductor industry's expansion, driven by the production of electronic gadgets like smartphones, tablets, and IoT devices, relies on precise etching procedures facilitated by etching chemicals. The market has witnessed steady growth during the historical period of 2018-2022, with a focus on developing etching solutions tailored to specific materials used in semiconductor fabrication.

Advancements in wide-bandgap materials have led to the demand for specialized etching chemicals to treat these materials efficiently. The market has also seen increased safety measures in etching chemicals, resulting in safer formulations and handling guidelines that protect the environment and workers.

Partnerships and collaborations between manufacturers of etching chemicals and semiconductor companies are expected to create fresh opportunities for product development and market growth.

Key Growth Determinants

The growth of the etching chemicals market is driven by

- Increasing demand for miniaturization in electronics, leading to the need for smaller and more compact electronic components.
- Rising demand for semiconductor devices, including more potent, energy-efficient, and feature-rich electronic devices.
- Growing adoption of 3D printing, which requires post-processing with etching chemicals.

R&D Costs and Supply Chain Disruptions

The high cost of research and development poses a challenge, potentially limiting innovation and competition in the market. Additionally, supply chain disruptions, which can affect the procurement of crucial raw materials for etching chemicals, may lead to production delays.

Regulatory Influence

Regulatory bodies such as the Environmental Protection Agency (EPA) and the European Chemicals Agency (ECHA) play a vital role in shaping the etching chemicals market by establishing safety, environmental, and quality regulations. These regulations encourage the adoption of environmentally friendly and sustainable practices.

Top Players in the Industry

Prominent players in the global etching chemicals market include

- DAIKIN INDUSTRIES, Ltd.
- ADEKA CORPORATION
- Mitsubishi Chemical Corporation
- Solvay
- SACHEM, INC.
- ZEON CORPORATION
- Nagase ChemteX Corporation
- Stella Chemical Corporation
- BASF SE
- KANTO KAGAKU
- Lam Research Corporation
- Hitachi High-Tech Corporation
- Fujifilm Holdings Corporation
- Avantor, Inc
- Entegris, Inc.


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Table of Contents

1. Executive Summary
1.1. Global Etching Chemicals Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2022
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Global Etching Chemicals Market Outlook, 2018 - 2030
3.1. Global Etching Chemicals Market Outlook, by End-use Industry, Value (US$ Bn), 2018 - 2030
3.1.1. Key Highlights
3.1.1.1. Aerospace
3.1.1.2. Electronic
3.1.1.3. Medical
3.1.1.4. Automotive
3.1.1.5. Military & Defense
3.1.1.6. Misc.
3.2. Global Etching Chemicals Market Outlook, by Chemicals, Value (US$ Bn), 2018 - 2030
3.2.1. Key Highlights
3.2.1.1. Ferric Chloride/Cuprous Chloride (Majorly used for stainless steel)
3.2.1.2. Potassium hydroxide (For Silicone surface)
3.2.1.3. Nitric Acid (Copper and Brass)
3.2.1.4. Hydrochloric Acid (Stainless steel)
3.2.1.5. HNA (Silicone)
3.2.1.6. Copper Sulfate (Copper and Brass)
3.2.1.7. Misc.
3.3. Global Etching Chemicals Market Outlook, by Region, Value (US$ Bn), 2018 - 2030
3.3.1. Key Highlights
3.3.1.1. North America
3.3.1.2. Europe
3.3.1.3. Asia Pacific
3.3.1.4. Latin America
3.3.1.5. Middle East & Africa
4. North America Etching Chemicals Market Outlook, 2018 - 2030
4.1. North America Etching Chemicals Market Outlook, by End-use Industry, Value (US$ Bn), 2018 - 2030
4.1.1. Key Highlights
4.1.1.1. Aerospace
4.1.1.2. Electronic
4.1.1.3. Medical
4.1.1.4. Automotive
4.1.1.5. Military & Defense
4.1.1.6. Misc.
4.2. North America Etching Chemicals Market Outlook, by Chemical, Value (US$ Bn), 2018 - 2030
4.2.1. Key Highlights
4.2.1.1. Ferric Chloride/Cuprous Chloride (Majorly used for stainless steel)
4.2.1.2. Potassium hydroxide (For Silicone surface)
4.2.1.3. Nitric Acid (Copper and Brass)
4.2.1.4. Hydrochloric Acid (Stainless steel)
4.2.1.5. HNA (Silicone)
4.2.1.6. Copper Sulfate (Copper and Brass)
4.2.1.7. Misc.
4.3. North America Etching Chemicals Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
4.3.1. Key Highlights
4.3.1.1. U.S. Etching Chemicals Market by End-use Industry, Value (US$ Bn), 2018 - 2030
4.3.1.2. U.S. Etching Chemicals Market Type, Value (US$ Bn), 2018 - 2030
4.3.1.3. U.S. Etching Chemicals Market Application, Value (US$ Bn), 2018 - 2030
4.3.1.4. Canada Etching Chemicals Market by End-use Industry, Value (US$ Bn), 2018 - 2030
4.3.1.5. Canada Etching Chemicals Market Type, Value (US$ Bn), 2018 - 2030
4.3.1.6. Canada Etching Chemicals Market Application, Value (US$ Bn), 2018 - 2030
4.3.2. BPS Analysis/Market Attractiveness Analysis
5. Europe Etching Chemicals Market Outlook, 2018 - 2030
5.1. Europe Etching Chemicals Market Outlook, by End-use Industry, Value (US$ Bn), 2018 - 2030
5.1.1. Key Highlights
5.1.1.1. Aerospace
5.1.1.2. Electronic
5.1.1.3. Medical
5.1.1.4. Automotive
5.1.1.5. Military & Defense
5.1.1.6. Misc.
5.2. Europe Etching Chemicals Market Outlook, by Chemical, Value (US$ Bn), 2018 - 2030
5.2.1. Key Highlights
5.2.1.1. Ferric Chloride/Cuprous Chloride (Majorly used for stainless steel)
5.2.1.2. Potassium hydroxide (For Silicone surface)
5.2.1.3. Nitric Acid (Copper and Brass)
5.2.1.4. Hydrochloric Acid (Stainless steel)
5.2.1.5. HNA (Silicone)
5.2.1.6. Copper Sulfate (Copper and Brass)
5.2.1.7. Misc.
5.3. Europe Etching Chemicals Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
5.3.1. Key Highlights
5.3.1.1. Germany Etching Chemicals Market by End-use Industry, Value (US$ Bn), 2018 - 2030
5.3.1.2. Germany Etching Chemicals Market Type, Value (US$ Bn), 2018 - 2030
5.3.1.3. Germany Etching Chemicals Market Application, Value (US$ Bn), 2018 - 2030
5.3.1.4. U.K. Etching Chemicals Market by End-use Industry, Value (US$ Bn), 2018 - 2030
5.3.1.5. U.K. Etching Chemicals Market Type, Value (US$ Bn), 2018 - 2030
5.3.1.6. U.K. Etching Chemicals Market Application, Value (US$ Bn), 2018 - 2030
5.3.1.7. France Etching Chemicals Market by End-use Industry, Value (US$ Bn), 2018 - 2030
5.3.1.8. France Etching Chemicals Market Type, Value (US$ Bn), 2018 - 2030
5.3.1.9. France Etching Chemicals Market Application, Value (US$ Bn), 2018 - 2030
5.3.1.10. Italy Etching Chemicals Market by End-use Industry, Value (US$ Bn), 2018 - 2030
5.3.1.11. Italy Etching Chemicals Market Type, Value (US$ Bn), 2018 - 2030
5.3.1.12. Italy Etching Chemicals Market Application, Value (US$ Bn), 2018 - 2030
5.3.1.13. Turkey Etching Chemicals Market by End-use Industry, Value (US$ Bn), 2018 - 2030
5.3.1.14. Turkey Etching Chemicals Market Type, Value (US$ Bn), 2018 - 2030
5.3.1.15. Turkey Etching Chemicals Market Application, Value (US$ Bn), 2018 - 2030
5.3.1.16. Russia Etching Chemicals Market by End-use Industry, Value (US$ Bn), 2018 - 2030
5.3.1.17. Russia Etching Chemicals Market Type, Value (US$ Bn), 2018 - 2030
5.3.1.18. Russia Etching Chemicals Market Application, Value (US$ Bn), 2018 - 2030
5.3.1.19. Rest of Europe Etching Chemicals Market by End-use Industry, Value (US$ Bn), 2018 - 2030
5.3.1.20. Rest of Europe Etching Chemicals Market Type, Value (US$ Bn), 2018 - 2030
5.3.1.21. Rest of Europe Etching Chemicals Market Application, Value (US$ Bn), 2018 - 2030
5.3.2. BPS Analysis/Market Attractiveness Analysis
6. Asia Pacific Etching Chemicals Market Outlook, 2018 - 2030
6.1. Asia Pacific Etching Chemicals Market Outlook, by End-use Industry, Value (US$ Bn), 2018 - 2030
6.1.1. Key Highlights
6.1.1.1. Aerospace
6.1.1.2. Electronic
6.1.1.3. Medical
6.1.1.4. Automotive
6.1.1.5. Military & Defense
6.1.1.6. Misc.
6.2. Asia Pacific Etching Chemicals Market Outlook, by Chemical, Value (US$ Bn), 2018 - 2030
6.2.1. Key Highlights
6.2.1.1. Ferric Chloride/Cuprous Chloride (Majorly used for stainless steel)
6.2.1.2. Potassium hydroxide (For Silicone surface)
6.2.1.3. Nitric Acid (Copper and Brass)
6.2.1.4. Hydrochloric Acid (Stainless steel)
6.2.1.5. HNA (Silicone)
6.2.1.6. Copper Sulfate (Copper and Brass)
6.2.1.7. Misc.
6.3. Asia Pacific Etching Chemicals Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
6.3.1. Key Highlights
6.3.1.1. China Etching Chemicals Market by End-use Industry, Value (US$ Bn), 2018 - 2030
6.3.1.2. China Etching Chemicals Market Type, Value (US$ Bn), 2018 - 2030
6.3.1.3. China Etching Chemicals Market Application, Value (US$ Bn), 2018 - 2030
6.3.1.4. Japan Etching Chemicals Market by End-use Industry, Value (US$ Bn), 2018 - 2030
6.3.1.5. Japan Etching Chemicals Market Type, Value (US$ Bn), 2018 - 2030
6.3.1.6. Japan Etching Chemicals Market Application, Value (US$ Bn), 2018 - 2030
6.3.1.7. South Korea Etching Chemicals Market by End-use Industry, Value (US$ Bn), 2018 - 2030
6.3.1.8. South Korea Etching Chemicals Market Type, Value (US$ Bn), 2018 - 2030
6.3.1.9. South Korea Etching Chemicals Market Application, Value (US$ Bn), 2018 - 2030
6.3.1.10. India Etching Chemicals Market by End-use Industry, Value (US$ Bn), 2018 - 2030
6.3.1.11. India Etching Chemicals Market Type, Value (US$ Bn), 2018 - 2030
6.3.1.12. India Etching Chemicals Market Application, Value (US$ Bn), 2018 - 2030
6.3.1.13. Southeast Asia Etching Chemicals Market by End-use Industry, Value (US$ Bn), 2018 - 2030
6.3.1.14. Southeast Asia Etching Chemicals Market Type, Value (US$ Bn), 2018 - 2030
6.3.1.15. Southeast Asia Etching Chemicals Market Application, Value (US$ Bn), 2018 - 2030
6.3.1.16. Rest of Asia Pacific Etching Chemicals Market by End-use Industry, Value (US$ Bn), 2018 - 2030
6.3.1.17. Rest of Asia Pacific Etching Chemicals Market Type, Value (US$ Bn), 2018 - 2030
6.3.1.18. Rest of Asia Pacific Etching Chemicals Market Application, Value (US$ Bn), 2018 - 2030
6.3.2. BPS Analysis/Market Attractiveness Analysis
7. Latin America Etching Chemicals Market Outlook, 2018 - 2030
7.1. Latin America Etching Chemicals Market Outlook, by End-use Industry, Value (US$ Bn), 2018 - 2030
7.1.1. Key Highlights
7.1.1.1. Aerospace
7.1.1.2. Electronic
7.1.1.3. Medical
7.1.1.4. Automotive
7.1.1.5. Military & Defense
7.1.1.6. Misc.
7.2. Latin America Etching Chemicals Market Outlook, by Chemical, Value (US$ Bn), 2018 - 2030
7.2.1. Key Highlights
7.2.1.1. Ferric Chloride/Cuprous Chloride (Majorly used for stainless steel)
7.2.1.2. Potassium hydroxide (For Silicone surface)
7.2.1.3. Nitric Acid (Copper and Brass)
7.2.1.4. Hydrochloric Acid (Stainless steel)
7.2.1.5. HNA (Silicone)
7.2.1.6. Copper Sulfate (Copper and Brass)
7.2.1.7. Misc.
7.3. Latin America Etching Chemicals Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
7.3.1. Key Highlights
7.3.1.1. Brazil Etching Chemicals Market by End-use Industry, Value (US$ Bn), 2018 - 2030
7.3.1.2. Brazil Etching Chemicals Market Type, Value (US$ Bn), 2018 - 2030
7.3.1.3. Brazil Etching Chemicals Market Application, Value (US$ Bn), 2018 - 2030
7.3.1.4. Mexico Etching Chemicals Market by End-use Industry, Value (US$ Bn), 2018 - 2030
7.3.1.5. Mexico Etching Chemicals Market Type, Value (US$ Bn), 2018 - 2030
7.3.1.6. Mexico Etching Chemicals Market Application, Value (US$ Bn), 2018 - 2030
7.3.1.7. Argentina Etching Chemicals Market by End-use Industry, Value (US$ Bn), 2018 - 2030
7.3.1.8. Argentina Etching Chemicals Market Type, Value (US$ Bn), 2018 - 2030
7.3.1.9. Argentina Etching Chemicals Market Application, Value (US$ Bn), 2018 - 2030
7.3.1.10. Rest of Latin America Etching Chemicals Market by End-use Industry, Value (US$ Bn), 2018 - 2030
7.3.1.11. Rest of Latin America Etching Chemicals Market Type, Value (US$ Bn), 2018 - 2030
7.3.1.12. Rest of Latin America Etching Chemicals Market Application, Value (US$ Bn), 2018 - 2030
7.3.2. BPS Analysis/Market Attractiveness Analysis
8. Middle East & Africa Etching Chemicals Market Outlook, 2018 - 2030
8.1. Middle East & Africa Etching Chemicals Market Outlook, by End-use Industry, Value (US$ Bn), 2018 - 2030
8.1.1. Key Highlights
8.1.1.1. Aerospace
8.1.1.2. Electronic
8.1.1.3. Medical
8.1.1.4. Automotive
8.1.1.5. Military & Defense
8.1.1.6. Misc.
8.2. Middle East & Africa Etching Chemicals Market Outlook, by Chemical, Value (US$ Bn), 2018 - 2030
8.2.1. Key Highlights
8.2.1.1. Ferric Chloride/Cuprous Chloride (Majorly used for stainless steel)
8.2.1.2. Potassium hydroxide (For Silicone surface)
8.2.1.3. Nitric Acid (Copper and Brass)
8.2.1.4. Hydrochloric Acid (Stainless steel)
8.2.1.5. HNA (Silicone)
8.2.1.6. Copper Sulfate (Copper and Brass)
8.2.1.7. Misc.
8.3. Middle East & Africa Etching Chemicals Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
8.3.1. Key Highlights
8.3.1.1. GCC Etching Chemicals Market by End-use Industry, Value (US$ Bn), 2018 - 2030
8.3.1.2. GCC Etching Chemicals Market Type, Value (US$ Bn), 2018 - 2030
8.3.1.3. GCC Etching Chemicals Market Application, Value (US$ Bn), 2018 - 2030
8.3.1.4. South Africa Etching Chemicals Market by End-use Industry, Value (US$ Bn), 2018 - 2030
8.3.1.5. South Africa Etching Chemicals Market Type, Value (US$ Bn), 2018 - 2030
8.3.1.6. South Africa Etching Chemicals Market Application, Value (US$ Bn), 2018 - 2030
8.3.1.7. Egypt Etching Chemicals Market by End-use Industry, Value (US$ Bn), 2018 - 2030
8.3.1.8. Egypt Etching Chemicals Market Type, Value (US$ Bn), 2018 - 2030
8.3.1.9. Egypt Etching Chemicals Market Application, Value (US$ Bn), 2018 - 2030
8.3.1.10. Nigeria Etching Chemicals Market by End-use Industry, Value (US$ Bn), 2018 - 2030
8.3.1.11. Nigeria Etching Chemicals Market Type, Value (US$ Bn), 2018 - 2030
8.3.1.12. Nigeria Etching Chemicals Market Application, Value (US$ Bn), 2018 - 2030
8.3.1.13. Rest of Middle East & Africa Etching Chemicals Market by End-use Industry, Value (US$ Bn), 2018 - 2030
8.3.1.14. Rest of Middle East & Africa Etching Chemicals Market Type, Value (US$ Bn), 2018 - 2030
8.3.1.15. Rest of Middle East & Africa Etching Chemicals Market Application, Value (US$ Bn), 2018 - 2030
8.3.2. BPS Analysis/Market Attractiveness Analysis
9. Competitive Landscape
9.1. Application vs Application Heatmap
9.2. Manufacturer vs Application Heatmap
9.3. Company Market Share Analysis, 2022
9.4. Competitive Dashboard
9.5. Company Profiles
9.5.1. DAIKIN INDUSTRIES, Ltd.
9.5.2. ADEKA CORPORATION
9.5.2.1. Company Overview
9.5.2.2. Product Portfolio
9.5.2.3. Financial Overview
9.5.2.4. Business Strategies and Development
9.5.3. Mitsubishi Chemical Corporation
9.5.3.1. Company Overview
9.5.3.2. Product Portfolio
9.5.3.3. Financial Overview
9.5.3.4. Business Strategies and Development
9.5.4. Solvay
9.5.4.1. Company Overview
9.5.4.2. Product Portfolio
9.5.4.3. Financial Overview
9.5.4.4. Business Strategies and Development
9.5.5. SACHEM, INC.
9.5.5.1. Company Overview
9.5.5.2. Product Portfolio
9.5.5.3. Financial Overview
9.5.5.4. Business Strategies and Development
9.5.6. ZEON CORPORATION
9.5.6.1. Company Overview
9.5.6.2. Product Portfolio
9.5.6.3. Financial Overview
9.5.6.4. Business Strategies and Development
9.5.7. Nagase ChemteX Corporation
9.5.7.1. Company Overview
9.5.7.2. Product Portfolio
9.5.7.3. Financial Overview
9.5.7.4. Business Strategies and Development
9.5.8. Stella Chemifa Corporation
9.5.8.1. Company Overview
9.5.8.2. Product Portfolio
9.5.8.3. Financial Overview
9.5.8.4. Business Strategies and Development
9.5.9. BASF SE
9.5.9.1. Company Overview
9.5.9.2. Product Portfolio
9.5.9.3. Financial Overview
9.5.9.4. Business Strategies and Development
9.5.10. KANTO KAGAKU
9.5.10.1. Company Overview
9.5.10.2. Product Portfolio
9.5.10.3. Financial Overview
9.5.10.4. Business Strategies and Development
9.5.11. Lam Research Corporation
9.5.11.1. Company Overview
9.5.11.2. Product Portfolio
9.5.11.3. Financial Overview
9.5.11.4. Business Strategies and Development
9.5.12. Hitachi High-Tech Corporation
9.5.12.1. Company Overview
9.5.12.2. Product Portfolio
9.5.12.3. Financial Overview
9.5.12.4. Business Strategies and Development
9.5.13. Fujifilm Holdings Corporation
9.5.13.1. Company Overview
9.5.13.2. Product Portfolio
9.5.13.3. Financial Overview
9.5.13.4. Business Strategies and Development
9.5.14. Avantor, Inc
9.5.14.1. Company Overview
9.5.14.2. Product Portfolio
9.5.14.3. Financial Overview
9.5.14.4. Business Strategies and Development
9.5.15. Entegris, Inc.
9.5.15.1. Company Overview
9.5.15.2. Product Portfolio
9.5.15.3. Financial Overview
9.5.15.4. Business Strategies and Development
10. Appendix
10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • DAIKIN INDUSTRIES, Ltd.
  • ADEKA CORPORATION
  • Mitsubishi Chemical Corporation
  • Solvay
  • SACHEM, INC.
  • ZEON CORPORATION
  • Nagase ChemteX Corporation
  • Stella Chemical Corporation
  • BASF SE
  • KANTO KAGAKU
  • Lam Research Corporation
  • Hitachi High-Tech Corporation
  • Fujifilm Holdings Corporation
  • Avantor, Inc
  • Entegris, Inc.

Methodology

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