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| A08230 | Pages: NA | Dec 2021 | 433 Views | | |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Etching Chemicals Market
Request Now !Etching refers to the removal of unwanted materials from a metal plate, usually copper, to form designs, which are incised by acids. Chemical etching is a highly precise manufacturing process used to produce high-precision metal parts. This manufacturing method is further used for photo etching and electro-chemical etching. Chemical etching has various benefits such as it is cost-efficient with shorter lead time and possesses more design flexibility. This process is used in fabrication of components as well as micromachining to produce tiny sized components. It is an ideal choice for precision metal part manufacturing, regardless of prototyping or industrial production. Etched components are free from stresses and burrs with no mechanical force or heat used, retaining the material properties.
Market scope and structure analysis
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast units | Million (USD) |
Segments covered | Type, Application, End-use Industry, and Region |
Regions covered | North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), and LAMEA (Brazil, South Africa, and rest of LAMEA) |
Companies covered | SHOWA DENKO, Capchem, Mitsubishi Chemical Corporation, SACHEM, SHENZHEN BOARDTECH CO., LTD, BOYANG CHEMICAL, Solvay, Honeywell, Zeon Corporation, HCCCONCRETE, and BIO DEN CORPORATION |
The novel coronavirus (COVID-19) outbreak has hampered the economic growth of countries across the world. The chemical industry has been mostly affected due to COVID-19 outbreak, thereby decreasing the demand for chemicals. The chemical industry plays an important role in the manufacturing of products such as plastic, fertilizers, medicines, and packaging products. With the spread of coronavirus, many production facilities of numerous industries have been shut down. With this, the demand for chemicals used in these facilities has declined. Thus, the outbreak of COVID-19 across the globe is likely to impact the demand for chemicals.
The companies operating in the etching chemicals market manufacture products such as plastic, fertilizers, medicines, and packaging products. Europe and Asia-Pacific are expected to witness rapid growth, as the demand for etching chemicals is considerably high from the manufacturing and automotive industries. The electronics industry prefers the use of plasma etching over standard liquid-based etching for the production of components. Key drivers of the market are rise in demand for automotive, plastics products, & packaging products.
German sportswear brand Puma launched a collection made with recycled plastic. The Puma and First Mile program diverted about 40 tons of plastic waste from landfills and oceans just for the products made for 2020.With rise in demand for plastic & packaging products and automotive products, the market of etching chemical is anticipated to grow at a substantial rate.
The demand for electronics has increased considerably across the globe. For instance, copper and zinc etching chemicals are widely used in electronics components such as battery contacts and springs, due to their superior spring qualities, high fatigue resistance, enhanced formability, and high corrosion resistance. In addition, due to high accuracy, precision, and cost efficiency, etching chemicals are used as alternatives to conventional methods, such as stamping, laser, water jet, or wire EDM, thus positively impacting the market growth.
Key segments covered
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