Ferric Chloride as Etchant Market Size, Share & Industry Analysis, By Type (Liquid Ferric Chloride, Solid Ferric Chloride), By Application (Metal Surface Treatment, PCB Industry, Jewelry Making, Others) and regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
Etching is a technique used in microfabrication to chemically remove layers from the surface of wafer during manufacturing. Etching is intended to make cavity in the material surface to make designs and without damaging the entire substrate. The process is carried by using certain chemicals called etchant. The chemicals are used to etch PCBs and jewelry making to etch copper, silver, brass and other metals. The increasing demand from fashion and cinema industries for jewelry is driving the market for ferric chloride as etchant
The increasing demand from electrical and electronics sector for PCBs is likely to boost the demand for ferric chloride. Etching in the copper substrate provides conducting lines which are called as tracks. PCBs are used widely to connect the electrical components using the conductive tracks in simpler as well as complex electrical appliances.
However, ferric chloride is a non-combustible metal and tissue corroding chemical. It can potentially harm skin, respiratory tract and even cause ulceration. The acidic and corrosive nature of ferric chloride is likely to hamper the market growth.
Key Market Driver -
Increasing demand for PCB manufacturing.
Key Market Restraint -
Acidic and corrosive nature of the chemical shall hinder the market growth
Market Segmentation:
Based on type, the market is segmented into liquid ferric chloride and solid ferric chloride. Based on application, the market is segmented into metal surface treatment, PCB industry, jewelry making, and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Players Covered:
The global ferric chloride as etchant market consists of global & regional players operating. Some of the key players in the market include BASF, BPS Products, PVS Chemicals, Saf Sulphur Factory, Feralco, Akzo Nobel, Tessenderlo, Asia chemicals, National Biochemical, Kemira, Chemical Company of Malaysia, and Others.
Key Insights
- New Advancements in Production Technologies
- Key Trends in the Ferric Chloride as Etchant Market
- New Product Launches, Expansions, Key Players
- Ranking of Key Players in the Market
Regional Analysis:
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is the largest market for ferric chloride. The increasing industrial sector and economic growth in China, India and South Korea is expected to drive the regional market. Additionally, the increasing demand for jewelry from the region is creating positive impact on the market. North America is estimated to experience high demand attributed to the development in the semiconductors and electronics sectors. Europe is expected to show substantial growth attributed to the increasing demand for PCBs from automobile and electronics sector. Latin America and Middle East and Africa are expected to show considerable growth by the end of the forecast period.
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Segmentation
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Ferric Chloride as Etchant Industry Developments
- In June 2018, Feralco acquired an Italy-based manufacturer of inorganic chemical Braia to strengthen its foothold in European market
- Ongoing
- 2023
- 2019-2022
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