Electronic Grade IPA Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

The global electronic grade isopropyl alcohol market is estimated to grow at a significant CAGR during the forecast period. Electronic grade isopropyl alcohol is mostly used in the processing of precision electronic components such as magnetic heads, liquid crystals, and circuit boards, chips as well as ultra-clean organic solvents for cleaning equipment. Isopropanol a high-purity electronic chemical is mostly used in the cleaning of silicon wafers.

Electronic isopropyl alcohol is used for the cleaning process of an electronic devices such as semiconductors and other electric chips. Cleaning refers to the removal of impurities from the wafer surface as well as the control of chemically generated oxide. Particles, inorganic and organic substances, and impurities are all types of contaminants. The etching of solid materials in a chemical solution is known as wet etching. Wet etching is a method of removing substrate material by using etchants or liquid chemicals. Isopropyl alcohol of electronic grade is used widely in the semiconductor sector. As a result, isopropyl alcohol is considered one of the major growth drivers for the semiconductor sector. 

The growing usage of electronic grade isopropanol in electronics drying and other sectors is propelling the market. Isopropyl alcohol (IPA) produced for the electronics sector is known as IPA SE. Tokuyama IPA SE has a purity rate of over 99.99%, due to an integrated process that eliminates contaminants in IPA, which is made using a unique technique in which water and propylene react immediately. The product may be used to clean and dry electronic components such as semiconductors and glass substrates.

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Market Coverage

The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030

Segment covered 

By Type
By Application

Region covered

North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- Mitsui Chemicals, ExxonMobil Corp., The Dow Chemical Co., Tokuyama Corp., and LG Chem Ltd.

Electronic Grade IPA Market Segmentation     

By Type

Purity, 99.99%, 
Purity,

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This release was published on openPR.