Ferric Chloride as Etchant Market Key Drivers, Industry Size, Regional Investments and Top Segments Data Forecast
The global ferric chloride as etchant market size is getting boosted due to the increasing demand from the electrical and electronics sector for PCBs, concludes Fortune Business Insights™ in its report, titled “Ferric Chloride as Etchant Market, 2021-2029“.
An etchant is an agent that facilitates the chemical removal of layers from the wafer’s surface during production. This process is used to create cavities without damaging the whole substrate. These chemicals are used to create jewelry designs to etch on copper, silver, brass, and other metals and alloys. Ferric chloride as etchant is widely used for producing printed circuit boards (PCBs). PCBs are used to connect electrical components with the help of conductive tracks in complex and simple electrical appliances. Some of this market’s key stakeholders are raw material suppliers, traders/wholesalers/distributors, regulatory bodies/NGOs, research and development institutions, importers and exporters, trade associations, and end-use industries.
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By type, the market is divided into liquid ferric chloride and solid ferric chloride. It is segregated into metal surface treatment, PCB industry, jewelry making, and others, based on application. On the basis of geography, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
What Does the Report Contain?
The report evaluates the present and future prospects of the growth of this market. It also analyses the avenues not ventured yet in this market and identifies potential investment pockets. Further, it also looks into the factors shaping the revenue generation and devices strategies to enhance them. The report gives a wide spectrum of data researched by experts and concludes them in a nutshell for effective decision making. The report has been composed after experts have critically assessed all the market’s relevant dynamics and evaluated their role in its development.
Increasing Demand of Gadgets to Favor Market Growth
The growing automation of industries requires electronic gadgets and appliances that ultimately use PCBs. The production of these PCBs requires ferric chloride as etchant, which is a major driver of the market. Also, jewelry making and metal surface treatments require this chemical for production. The flourishing entertainment industry and the use of jewelry among consumers have also propelled the ferric chloride market. The cost of producing ferric chloride for industrial purposes is quite lower than other etchants, which also helps generate revenue for this market.
Although ferric chloride has several drivers backing its market, a major restraint is that the chemical is acidic and corrosive. Due to this nature, ferric chloride is limited to certain industries, which is hampering its future growth.
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Widespread Demand for Jewelry to Boost the Asia Pacific Market
The Asia-pacific region is anticipated to dominate the ferric chloride as etchant market share, driven by the promising economic growth in the ASEAN countries. Moreover, the increasing demand for jewelry from this region, along with the rising production of electronic goods, is creating a positive impact on the market.
North America is also predicted to generate high demand for ferric chloride as etchant in the coming years. This region is experiencing enormous progress in the development and adoption of advanced gadgets and electronics that use ferric chloride to produce semiconductors and electronic sensors. Europe is also expected to grow owing to the escalating demand for novel materials from the automobile and electronic sectors.
Key Players to Focus on Pricing, Technology, and Service
The competitive landscape of this market is characterized by the presence of several large- and small-scale players. The three major parameters that decide the competitiveness of the product are pricing, technology, and service. Moreover, various mergers, acquisitions, collaboration, expansion, and other strategic initiatives allow players to gain a larger consumer base in the market. The high growth potential of the market for ferric chloride as etchant has also attracted many newcomers to the market, raising the competition further.
April 2019: The specialty chemicals production capacity of the Phosgene Derivatives Unit (PDU) is expanding. This expansion is sponsored by ALTIVIA, which is the producer of water treatment chemicals and the largest merchant to PDU. The unit will result in a 30% increase in production.
List of Key Players Profiled in the Ferric Chloride as Etchant Market Report:
- Basic Chemical Industries
- CM Chemicals
- National Biochemical
- Asia chemicals
- Chemical Company of Malaysia
- Jinan Runyuan
- Akzo Nobel Industrial Chemicals
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