Etching Chemicals Market

Globally, the biggest industry names include companies like BASF SE, Avantor, Solvay, and Mitsubishi.

The global etching chemicals market size is likely to reach a valuation of US$2.5 Bn by the end of 2030, demonstrating a strong CAGR of 6.3% up from 2023.

Besides the increasing demand for miniaturisation in electronics, the rising demand for semiconductor devices, and growing adoption of 3D printing are primarily driving the market growth. The expanding demand in the electronics and semiconductor industry will keep the market buoyant. Ascending production of PCBs, and photovoltaic panels is likely to keep the demand afloat.

In 2022, the ferric chloride/cuprous chloride category will continue to dominate the global market for etching chemicals through the end of 2030.

Effective supply chain diversification and hedging strategies will be key to managing raw material price volatility. Many are likely to enter long-term contracts and forward contracts for critical raw materials can provide price stability.