April 17, 2024

Cupric Chloride Market Growth Driven By Increased Applications In Electronics Industry By 2030

Cupric chloride, also known as copper (II) chloride, is an inorganic compound used as an electrolyte in batteries, catalyst, fungicide and as a pigment. It provides advantages of high solubility in water and numerous industrial applications such as in electroplating, organic synthesis, etching of printed circuit boards and semiconductor manufacturing.

The global cupric chloride market is estimated to be valued at US$ 1193.75 Bn in 2024 and is expected to exhibit a CAGR of 10% over the forecast period of 2024 to 2031.

The Global cupric chloride market is driven by increasing demand from electronics and chemical industries due to high heat and electrical conductivity properties of cupric chloride. It is used as an etchant and oxidizing agent in electronics applications such as printed circuit boards and semiconductors. The growing electronics industry globally is therefore expected to propel the demand for cupric chloride over the forecast period.

Key Takeaways
Key players operating in the cupric chloride market are Anixter International Inc., AVI Systems Inc, AVI-SPL Inc., CCS Presentation Systems, Ford Audio-Video LLC, Avidex Industries, Herman ProAV, Kramer Electronics, Samsung, Vistacom Inc, Biamp Systems, proAV Limited, Professional Audio Visual Ltd., Cypress Technology Co., Ltd. (CYP), Pro AV Solutions Pty Ltd, Audio Technica, NETGEAR, LG Electronics, Logitech, Sony, Black Box Corporation, Guntermann & Drunck GmbH, Aten International Co., Ltd, Adder Technology Ltd, Rextron.

The growing demand from electronics and chemical industries globally is expected to drive the cupric chloride market during the forecast period. Cupric chloride with properties such as high solubility, conductivity and stability finds wide applications in printed circuit boards, electroplating solutions and semiconductor manufacturing.

The cupric chloride market is expected witnessed significant growth in Asia Pacific region mainly driven by expanding electronics industry in countries such as China, India, Japan and South Korea. Moreover, Investments in semiconductor wafer fabrication in countries such as Taiwan and South Korea are further supporting regional market growth.

Market key trends
The key trend observed in cupric chloride market size is increasing consumption in printed circuit boards manufacturing. Cupric chloride is widely used as an etchant in PCB manufacturing. It provides advantages of fast and uniform etching over ferric chloride. With the rise of electronics devices globally, demand for printed circuit boards from consumer electronic devices, automotive electronics and communication infrastructure is increasing rapidly thereby driving the cupric chloride consumption. Other growing applications include usage as catalyst and pigment which is further facilitating the cupric chloride market growth between 2024-2030.

Porter’s Analysis
Threat of new entrants: High research and development costs as well as the need for technical expertise create high entry barriers in the cupric chloride market.
Bargaining power of buyers: The buyers have moderate bargaining power as there are no substitute products for cupric chloride and it has major applications in industries like agriculture, pharmaceuticals, electronics etc.
Bargaining power of suppliers: The suppliers have moderate bargaining power due to low switching costs for buyers and standardized products across suppliers.
Threat of new substitutes: There are no close substitutes for cupric chloride due to its unique chemical properties and applications.
Competitive rivalry: The cupric chloride market has a moderate competitive rivalry due to differentiated products offered by established players and high manufacturing costs.

Geographical Regions
North America accounts for the largest share of the global cupric chloride market in terms of value owing to large scale end-use industries like electronics and pharmaceuticals in the US and Canada. Asia Pacific is expected to be the fastest growing region during the forecast period due to high demand from industries and massive investments in infrastructure development in emerging economies like China and India.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it