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Solar Wafer Cutting Fluid (PEG) Market

Solar Wafer Cutting Fluid (PEG) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

Solar Wafer Cutting Fluid (PEG): Introduction

  • Polyethylene glycol (PEG) is a biocompatible, synthetic, hydrophilic polyether compound that is utilized in several industrial applications, largely in the medical industry
  • PEG is non-toxic, colorless, inert, odorless and non-volatile. Moreover, it is a kind of gel that is soluble in water and organic solvents such as benzene, carbon tetrachloride, and chloroform.
  • The solar silicon wafer cutting mortar is made by using modified wet silicon carbide sand aggregate and polyethylene glycol (PEG) as a carrier. Wet silicon carbide sand aggregate is composed of an auxiliary agent, which is also utilized in the solar wafer cutting.

Rise in Demand for Global Solar Wafer Cutting Fluid (PEG)

  • PEG is a polyether compound produced from petroleum and can be used in various end-user industries such as chemical, automotive, pharmaceutical, personal care, and plastics. Rise in demand for PEG from the pharma & medical industry is expected to boost the solar wafer cutting fluid (PEG) market.
  • Polyethylene glycol (PEG) has a melting point of 38 °C to 40 °C, which can be used as a phase change material. Adding PEG in the solar panel improves the efficiency of the system up to 8% in the conversion of solar to electrical energy.

Asia Pacific to Lead Global Solar Wafer Cutting Fluid (PEG) Market

  • Asia Pacific is anticipated to be a prominent market for solar wafer cutting fluid (PEG) owing to the presence of a prominent semiconductor and automotive manufacturing base in the region. Rapid industrialization is also estimated to continue across the region during the forecast period.
  • Asia Pacific is projected to lead the solar wafer cutting fluid (PEG) market, as the production and consumption of polyethylene glycol is increasing in China and India
  • The market in Latin America and the Middle East is likely expand at an above-average growth rate during the forecast period due to the expansion of the automotive industry as well as increasing expenditure on renewable energy sources.
  • The solar wafer cutting fluid (PEG) market in Europe and North America is expected to expand at a substantial rate during the forecast period

Key Players Operating in Global Solar Wafer Cutting Fluid (PEG) Market

  • TSIF-NKNK
  • Dow Chemical
  • Liaoning Oxiranchem, Inc.
  • BASF SE
  • Zhejiang Huangma Technology Co., Ltd.
  • Liaoning Aoke Chemical Group Co. Ltd.

Global Solar Wafer Cutting Fluid (PEG) Market: Research Scope

Global Solar Wafer Cutting Fluid (PEG) Market, by Order Type

  • PEG - 300
  • PEG – 400
  • Other

Global Solar Wafer Cutting Fluid (PEG) Market, by Application

  • Semiconductor
  • Solar Wafer
  • Crystal
  • Others

Global Solar Wafer Cutting Fluid (PEG) Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Mexico
    • Rest of South America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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