Global Wafer Cutting Fluids Market Size By Product (Water-soluble and Water-insoluble), By Application (Semiconductor, Solar Wafer), By Geographic Scope And Forecast

Wafer Cutting Fluids Market Size And Forecast

Wafer Cutting Fluids Market size was valued at USD 632.5 Million in 2021 and is projected to reach USD 871.2 Million by 2030, growing at a CAGR of 4.16% from 2023 to 2030.

Rising demand from various end-use industries including Semiconductors, Telecommunications & IT boosting the global wafer cutting fluids market. The Global Wafer Cutting Fluids Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Wafer Cutting Fluids Market Definition

Wafer Cutting Fluids are liquids that are used in the semiconductor and solar industries. They are used to cut wafers, which are thin silicon sheets that are used to make solar cells and other electronic devices. Wafer Cutting Fluids aid in the creation of clean cuts without causing damage to the wafer or the surrounding area. The fluid cleans and lubricates the surfaces of a wafer as it is cut. Wafer cutting fluids are important because they aid in ensuring a clean, accurate cut while preventing wafer damage. It provides consistent high wafer quality, high yield, less wafer breakage, low power consumption, minimized kerf loss, high recycling efficiency, neutral pH, non-corrosive properties, and adequate thermal conductivity. Wafer cutting fluid improves the cutting process by increasing productivity, lowering energy consumption, producing cleaner wafers, and improving downstream processing and facility operations in terms of materials, waste treatment, waste discharge, and logistics.

A cutting fluid is a type of coolant and lubricant which is made for use in metalworking operations like stamping and machining. Cutting fluids come in a variety of forms, such as oils, oil-water emulsions, pastes, gels, aerosols (mists), air, and other gases. Cutting fluids can be produced using petroleum distillates, water, air, plant oils, animal fats, and other basic materials. It may be referred to as cutting fluid, cutting oil, cutting compound, coolant, or lubricant depending on the situation and the type of cutting fluid under consideration. Cutting fluids can be either gaseous or liquid in nature. It is mostly utilized in metalworking operations including machining and stamping.

Global Wafer Cutting Fluids Market Overview

Rising demand from various end-use industries including Semiconductors, Telecommunications & IT boosting the global wafer cutting fluids market. According to The International Trade Administration, U.S. Department of Commerce, in 2019, U.S. companies generated 47% of the world’s semiconductor sales, ranking as the USD 51 billion nation’s fifth-largest export. One of the fastest-growing technology named 3D printing technology going by the name of Additive Manufacturing (AM). When utilizing a 3D printer, a design is created using software, and the printer builds up layers of material until the desired shape is achieved. The Semiconductor Industry Association estimates that USD 439 billion in record-breaking international semiconductor sales occurred in 2020.

Another primary factor driving the market growth is the rising global demand for solar cells and semiconductors. For instance, according to the Australian Energy Association, Power generation from solar PV in 2020 is estimated to have increased by a record 156 TWh, marking a 23% growth from 2019. Additionally, according to the US Energy Information Administration, solar power accounted for 4% of U.S. electricity generation in 2021 and is estimated to have 5% in 2022. Thus, the rising growth in the Solar cell sector is driving the global wafer cutting fluid market growth, Moreover, wafer cutting fluids are also used by the electrical and electronics industries to dissipate heat generated during metal cutting and other machining processes, contributing to the industry’s rising need for these fluids. Wafer cutting fluids, which use liquid immersion technology to chop metal, have so demonstrated success in thermal control.

Additionally, issues with the wafer cutting fluid’s impact on the environment and public health will restrain market expansion. The ethoxylation concept, which has the potential to harm the environment, is the basis for the wafer cutting fluid’s manufacturing process. Since these wafer-cutting fluids are not biodegradable, wastewater treatment facilities do not treat them. These consequently end up in aquatic bodies. They are known to cause rashes and allergies. Therefore, the environmental and health issues related to wafer cutting fluid would restrain market expansion. On the other side, certain drawbacks, including high viscosity, restricted filterability, problems with the disposal of liquid waste, and silicon sludge, present a barrier to market expansion.

Global Wafer Cutting Fluids MarketSegmentation Analysis

The Global Wafer Cutting Fluids Market is segmented on the basis of Product, Application, and Geography.

Wafer Cutting Fluids Market, By Product

• Water-soluble• Water-insoluble

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Based on Product, the market is segmented into Water-soluble and Water-insoluble. Water-Soluble accounted for the largest market share in 2021 and is projected to grow at the highest CAGR during the forecast period. Water-Insoluble was the second-largest market in 2021. Water-soluble refers to a cutting fluid that can be dissolved in water. This fluid type is best suited for semiconductor and solar wafer manufacturing applications. Water-soluble is a colloidal system that comprises an organic compound and a water-soluble polymer. It is characterized by excellent cooling and lubricating properties and does not exert a harmful influence on the environment.

Wafer Cutting Fluids Market, By Application

• Semiconductor• Solar Wafer• Others

By Application, Wafer Cutting Fluids are classified as Semiconductor, Solar Wafer, and Others. Semiconductor accounted for the largest market share in 2021 and is projected to grow at the highest CAGR during the forecast period. Solar Wafer was the second-largest market in 2021. The Wafer Cutting Fluids are used in semiconductors to cut wafers, thin sheets of silicon. A semiconductor is a material product usually formed of silicon, which conducts electricity more than an insulator, such as glass, but less than a pure conductor, such as aluminum or copper. These devices can display various valuable properties, such as passing current more easily in one direction than the other, showing variable resistance, and reacting to light and heat. Their actual function includes switching, amplifying signals, and energy conversion. Therefore, they find widespread use.

Wafer Cutting Fluids Market, By Geography

• North America• Europe• Asia Pacific• Middle East and Africa• Latin America

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On the basis of regional analysis, the Global Wafer Cutting Fluids Market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Asia-Pacific accounted for the largest market share in 2021 and is projected to grow at the highest CAGR during the forecast period. This is attributed to the rapid growth of end-use industries such as semiconductors, solar energy, and others. Additionally, it is projected that expanding foreign investments and supportive government policies would fuel industry expansion in this region. North America was the second-largest market in 2021. Expanding the end-user industry in North America is the prime factor driving its growth. Metalworking fluids can be used on ferrous metals and alloys such as cast iron, steel, and stainless steel, as well as non-ferrous metals and alloys such as aluminum, nickel, copper, and magnesium. The booming semiconductor industry in the nation due to high dependency on semiconductor chips across varied application areas is pushing the market growth in this region.

Key Players

The major players in the market are BASF, Dynatex International, Valtech Corporation, Dow Chemical, Pace Technologies Corporation, UDM Systems LLC, and Keteca PTE LTD among others. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the players mentioned above globally.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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