The global electronic grade ethylene glycol market is expected to reach US$7.587 billion in 2029

Electronic Grade Ethylene Glycol Market Summary

Electronic-grade ethylene glycol is a high-purity ethylene glycol obtained through refining and processing. It has extremely low impurity content and high purity, and is suitable for special applications in the electronics industry and semiconductor manufacturing. Its high purity, low volatility, low residues and moisture regulating properties make it an ideal raw material choice in the electronics industry. Electronic grade ethylene glycol is widely used in cleaning, dissolving, coating and solder mask processes in the manufacturing of electronic components. It can ensure the quality stability of electronic products, reduce the risk of contamination in the process, and meet the electronics industry's requirements for high purity. Chemical requirements.

According to the latest research report from GlobalInfoResearch, the global electronic grade ethylene glycol market is expected to reach US$7.587 billion in 2029, with a compound annual growth rate of 5.63% in the next few years.

• Global Electronic Grade Ethylene Glycol MarketSize(US$ Million), 2018-2029

Source: GlobalInfoResearch, “Global Electronic Grade Ethylene Glycol Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029”.

Market Drivers:

1. Rapid growth of the electronics industry: As the electronic product market continues to grow and technological innovation occurs, the electronics industry's demand for high-purity chemicals has also increased. As an important raw material, the application demand of electronic grade ethylene glycol in the electronics industry continues to expand, driving the development of the market.
2. High quality and reliability requirements: Electronic products have increasingly higher requirements for chemicals and materials, especially the requirements for purity and residue content. As a high-purity chemical, electronic grade ethylene glycol can meet the quality and reliability requirements in the electronic product manufacturing field, so the market demand is growing.
3. Increased awareness of environmental protection: As awareness of environmental protection increases, the demand for environmentally friendly products is also increasing. Electronic-grade ethylene glycol has low volatility, low residue and environmentally friendly characteristics, which can meet the electronics industry's demand for environmentally friendly materials and promote market development.
4. Technological progress and innovation: With the development of science and technology, the production process and purification technology of electronic grade ethylene glycol are continuously improved, improving the quality and performance of the product. Technological innovation can meet the changing needs of the electronics industry and drive market development.

Restraint:

1. High cost: The preparation and purification process of electronic grade ethylene glycol is relatively complex and the cost is high. This will lead to higher prices for electronic-grade ethylene glycol, which will impose a financial burden on some small and medium-sized enterprises and limit market expansion.
2. Technical threshold: The production process of electronic grade ethylene glycol requires highly precise and strict control, involving complex purification and treatment technologies. For some companies that lack relevant technology and expertise, there may be technical challenges in producing high-quality electronic grade ethylene glycol.
3. Market competition: The electronic grade ethylene glycol market is highly competitive, with many suppliers and brands competing. Price competition and competition for market share may lead to compression of profit margins and pose certain obstacles to market development.
4. Supporting services and technical support: Electronic grade ethylene glycol is a special chemical that has high requirements on the supporting services and technical support provided by suppliers. The lack of professional technical support and after-sales service may affect customer choice and use.

Opportunity:

1. Rapid growth of the electronics industry: With the rapid growth of the electronic product market, the demand for electronic grade ethylene glycol has also increased. As a key raw material in the electronics industry, electronic-grade ethylene glycol is used to manufacture circuit boards, semiconductor devices, displays and other electronic equipment, and has broad market development prospects.
2. Increased environmental protection requirements: Globally, attention to environmental protection is increasing, and the electronics industry is no exception. As a high-purity chemical, electronic grade ethylene glycol has the characteristics of low volatility and low residue content, making it environmentally friendly. The demand for environmentally friendly materials in the electronics industry will drive the development of the electronic grade ethylene glycol market.
3. Expansion of new technology applications: With innovation and technological progress in the electronics industry, new electronic devices, wearable devices, artificial intelligence and other emerging applications are constantly emerging. The development of these new technologies will drive increased demand for high-performance and high-purity raw materials. Electronic-grade ethylene glycol, as one of the key materials, will usher in market opportunities.
4. Process optimization and cost reduction: In the electronics industry, process optimization and cost reduction have always been the goals pursued. With the continuous advancement of manufacturing technology, the production process of electronic grade ethylene glycol is also constantly improving, and the cost is expected to be further reduced, improving its competitiveness in the electronics industry.
5. Regional market development: With the development of the global electronics industry, market demands in different regions are also changing. In some emerging markets and important regions for electronics manufacturing, such as Asia and China, the demand for high-quality chemicals such as electronic-grade ethylene glycol is expected to continue to grow, providing opportunities for market development.

• Global Electronic Grade Ethylene Glycol Top10Players Ranking（Continually updated）

Source: GlobalInfoResearch, “Global Electronic Grade Ethylene Glycol Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029”.

In the field of electronic grade ethylene glycol, the main companies include Honeywell, Alliance, Dow, LyondellBasell, Ineos, Applied Materials, Shenzhen Xinzhoubang Technology, Donglian Chemical Co., Ltd., Jiangsu Dana Chemical Co., Ltd., Jiangsu Yida Chemical, etc. The top five companies are Honeywell, Alliance, Dow, LyondellBasell, and Ineos, accounting for a total market share of 71.6%.

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