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Global Etching Chemicals Market to reach USD 2.7 billion by the end of 2030

Global Etching Chemicals Market Size study & Forecast, by End Use Industry (Aerospace, Electronic, Medical, Automotive, Construction, Others), by Type (Si Etching Solution, Al Etching Solution, Au Etching Solution, Others), by Application (Chemical Etching, Photo chemical Etching, Electro chemical Etching), and Regional Analysis, 2023-2030

Product Code: CMCC-57779637
Publish Date: 5-12-2023
Page: 200

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:
Mitsubishi Chemical Corporation
Stella Chemifa Corporation
Nagase ChemteX Corporation

Recent Developments in the Market:
Ø 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:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – End Use Industry, Type, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü 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:

By Type:
Si Etching Solution
Al Etching Solution
Au Etching Solution
Ag Etching Solution
Copper Etching Solution
ITO Etching Solution
Etching Gas

By Application:
Chemical Etching
Photo chemical Etching
Electro chemical Etching

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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 Increasing demand for etching chemicals from the electronic industry Expansion of the automotive industry
3.1.2. Market Challenges Health hazards associated with etching chemicals Competition from alternative technologies
3.1.3. Market Opportunities Increase in usage of etching chemicals in the 3D Printing industry 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 End Use Industry breakdown estimates & forecasts, 2020-2030 Type breakdown estimates & forecasts, 2020-2030 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 Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. BASF SE
9.3.3. SACHEM, INC.
9.3.5. Mitsubishi Chemical Corporation
9.3.7. Solvay
9.3.8. Stella Chemifa 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

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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