Global Etching Chemicals Market is valued at approximately USD 1.7 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.9% over the forecast period 2023-2030. Etching chemicals, also known as etchants, are chemical substances used in a process called etching. Etching is a technique used to selectively remove material from a surface, typically to create patterns, and designs, or to engrave information. Etching is commonly used in various industries, including electronics, metalworking, and printmaking. The choice of etching chemical depends on the material being etched. The Etching Chemicals Market is being driven by factors such as an increase in demand for etching chemicals from the electronic industry and the expansion of the automotive industry.
Etching chemicals are mostly used in the electronic industry, etching chemicals are used to selectively remove material from the surface of electronic components, such as metals or semiconductors, to create precise patterns and structures necessary for circuitry and device functionality. According to Statista, the annual revenue of the electronic industry in 2022 was, USD 987 billion and estimated to reach USD 1027 billion by end of 2023. Additionally, global government authorities are making efforts to support the growth of electronic products in their respective countries. For instance, the Government of India released the National Electronics Policy 2018, intending to achieve a turnover of about USD 400 billion in domestic electronics manufacturing by 2025. This is likely to boost the adoption of modern technologies Thus, the increasing size of the electronic industry fueling the growth of Etching Chemicals Market. In addition to an increase in the usage of etching chemicals in the 3D Printing industry and increasing investments in high-tech products. However, the health hazards associated with etching chemicals and competition from alternative technologies stifle market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Etching Chemicals Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the increasing electronics manufacturing in the region and the region has also experienced significant growth in the electronics industry, with the presence of major consumer electronics manufacturers, such as Samsung, LG, Sony, and Panasonic. Etching chemicals are essential for the fabrication of integrated circuits, displays, and other electronic components, which are in high demand in this region. Asia pacific is also considered as fastest growing region due to its strong consumer base and rising disposable income in the region.
Major market player included in this report are:
- KANTO KAGAKU
- BASF SE
- SACHEM, INC.
- DAIKIN INDUSTRIES, Ltd.
- Mitsubishi Chemical Corporation
- ADEKA CORPORATION
- Solvay
- Stella Chemifa Corporation
- ZEON CORPORATION
- Nagase ChemteX Corporation
Recent Developments in the Market:
- In October 2021, Micrometal GmbH launched a new website (www.micrometal.de) that has a significant market impact as it addresses the needs of professionals seeking a reliable and consistent supply of intricate, geometrically complex metal parts and components through their advanced Photo-Chemical Etching (PCE) process. This development provides professionals with an invaluable resource for accessing high-quality metal parts, streamlining their supply chain, and enabling the production of sophisticated products with precision.
Global Etching Chemicals Market Report Scope:
- Historical Data - 2020 - 2021
- Base Year for Estimation - 2022
- Forecast period - 2023-2030
- Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered - End Use Industry, Type, Application, Region
- Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By End Use Industry:
- Aerospace
- Electronic
- Medical
- Automotive
- Construction
- Others
By Type:
- Si Etching Solution
- Al Etching Solution
- Au Etching Solution
- Ag Etching Solution
- Copper Etching Solution
- ITO Etching Solution
- Etching Gas
- Others
By Application:
- Chemical Etching
- Photo chemical Etching
- Electro chemical Etching
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Etching Chemicals Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Etching Chemicals Market, by End Use Industry, 2020-2030 (USD Billion)
- 1.2.3. Etching Chemicals Market, by Type, 2020-2030 (USD Billion)
- 1.2.4. Etching Chemicals Market, by Application, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Etching Chemicals MarketDefinition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Etching Chemicals MarketDynamics
- 3.1. Etching Chemicals Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing demand for etching chemicals from the electronic industry
- 3.1.1.2. Expansion of the automotive industry
- 3.1.2. Market Challenges
- 3.1.2.1. Health hazards associated with etching chemicals
- 3.1.2.2. Competition from alternative technologies
- 3.1.3. Market Opportunities
- 3.1.3.1. Increase in usage of etching chemicals in the 3D Printing industry
- 3.1.3.2. Increasing investments in high-tech products
Chapter 4. Global Etching Chemicals MarketIndustry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Etching Chemicals Market, by End Use Industry
- 5.1. Market Snapshot
- 5.2. Global Etching Chemicals Market by End Use Industry, Performance - Potential Analysis
- 5.3. Global Etching Chemicals Market Estimates & Forecasts by End Use Industry 2020-2030 (USD Billion)
- 5.4. Etching Chemicals Market, Sub Segment Analysis
- 5.4.1. Aerospace
- 5.4.2. Electronic
- 5.4.3. Medical
- 5.4.4. Automotive
- 5.4.5. Construction
- 5.4.6. Others
Chapter 6. Global Etching Chemicals Market, by Type
- 6.1. Market Snapshot
- 6.2. Global Etching Chemicals Market by Type, Performance - Potential Analysis
- 6.3. Global Etching Chemicals Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
- 6.4. Etching Chemicals Market, Sub Segment Analysis
- 6.4.1. Si Etching Solution
- 6.4.2. Al Etching Solution
- 6.4.3. Au Etching Solution
- 6.4.4. Ag Etching Solution
- 6.4.5. Copper Etching Solution
- 6.4.6. ITO Etching Solution
- 6.4.7. Etching Gas
- 6.4.8. Others
Chapter 7. Global Etching Chemicals Market, by Application
- 7.1. Market Snapshot
- 7.2. Global Etching Chemicals Market by Application, Performance - Potential Analysis
- 7.3. Global Etching Chemicals Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 7.4. Etching Chemicals Market, Sub Segment Analysis
- 7.4.1. Chemical Etching
- 7.4.2. Photo chemical Etching
- 7.4.3. Electro chemical Etching
Chapter 8. Global Etching Chemicals Market, Regional Analysis
- 8.1. Top Leading Countries
- 8.2. Top Emerging Countries
- 8.3. Etching Chemicals Market, Regional Market Snapshot
- 8.4. North America Etching Chemicals Market
- 8.4.1. U.S. Etching Chemicals Market
- 8.4.1.1. End Use Industry breakdown estimates & forecasts, 2020-2030
- 8.4.1.2. Type breakdown estimates & forecasts, 2020-2030
- 8.4.1.3. Application breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Etching Chemicals Market
- 8.5. Europe Etching Chemicals Market Snapshot
- 8.5.1. U.K. Etching Chemicals Market
- 8.5.2. Germany Etching Chemicals Market
- 8.5.3. France Etching Chemicals Market
- 8.5.4. Spain Etching Chemicals Market
- 8.5.5. Italy Etching Chemicals Market
- 8.5.6. Rest of Europe Etching Chemicals Market
- 8.6. Asia-Pacific Etching Chemicals Market Snapshot
- 8.6.1. China Etching Chemicals Market
- 8.6.2. India Etching Chemicals Market
- 8.6.3. Japan Etching Chemicals Market
- 8.6.4. Australia Etching Chemicals Market
- 8.6.5. South Korea Etching Chemicals Market
- 8.6.6. Rest of Asia Pacific Etching Chemicals Market
- 8.7. Latin America Etching Chemicals Market Snapshot
- 8.7.1. Brazil Etching Chemicals Market
- 8.7.2. Mexico Etching Chemicals Market
- 8.8. Middle East & Africa Etching Chemicals Market
- 8.8.1. Saudi Arabia Etching Chemicals Market
- 8.8.2. South Africa Etching Chemicals Market
- 8.8.3. Rest of Middle East & Africa Etching Chemicals Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. KANTO KAGAKU
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Recent Developments
- 9.3.2. BASF SE
- 9.3.3. SACHEM, INC.
- 9.3.4. DAIKIN INDUSTRIES, Ltd.
- 9.3.5. Mitsubishi Chemical Corporation
- 9.3.6. ADEKA CORPORATION
- 9.3.7. Solvay
- 9.3.8. Stella Chemifa Corporation
- 9.3.9. ZEON CORPORATION
- 9.3.10. Nagase ChemteX Corporation
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption