The process is mainly used in fabrication of components as well as where micromachining to produce tiny sized components is done. Etching chemicals has applications in fabrication of printed circuit boards (PCBs), integrated circuits (IC), microprocessor, semiconductors, radio frequency (RF) shield, lead frames, contacts, miniature antennas, optical apertures, etc. through chemical machining.
New York, NY -- (SBWIRE) -- 08/28/2017 -- There is tremendous growth as well as demand for electronics worldwide. Also, urbanization and globalization, which lead to the development of aerospace and emerging technologies, has in turn propelled the growth of automotive companies. In each of these areas, use of metals and alloys, semiconductors and glass are done for manufacturing the components. This is the main driving factor behind chemical etching market, which would ultimately drive the market for etching chemicals in future. For fabrication of smaller or fragile components, precision is very important, which is very well accomplished by chemical machining even to produce complex components. Also, this is a fast and inexpensive process, owing to which market for chemical machining is growing rapidly. Such features have increased adoption of chemical machining over other processes such as stamping and laser cutting, which may damage the final desired component.
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Variety of etching chemicals are used in chemical machining. These etching chemicals are corrosive that may cause damage to the equipment, and after component etching, the disposal of potentially harmful by-products is also a major problem. These disadvantages may affect the etching chemicals market.
Again, it is important to note that along with increase in demand for electronics, it has also elevated the amount of e-waste. There are certain solutions for e-waste disposal or recovery of metals, which also include chemical etching process. This factor is expected to bolster the market of etching chemicals over the forecast period.
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North America is expected be a leader in the global market for etching chemicals as a large number of manufacturers are present in this region, which in turn would raise the demand for etching chemicals. Furthermore, owing to the increase in demand from aerospace and electronics, etching chemicals market is expected to register significant growth over the forecast period. Europe and Japan are expected to witness rapid growth in the market of etching chemicals, as there is high demand from manufacturing and automotive industries. In Asia Pacific, China will be a leading consumer of etching chemicals, owing to emerging electronics market and its high demand, during the forecast period.
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Some of the examples of the market players in the global Etching chemicals market are: Honeywell International Inc., Hudson Chemicals, Euofluor, Solvay S. A., Huizhou 3R Environmental Chemical Co. Ltd, CSC Jaklechemie GmbH & Co. KG, Xilong Scientific Co., Ltd, William blythe Limited, Vencorax chemicals, Airedale Chemical.
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