ID: MRFR/CnM/0521-HCR | 147 Pages | Published By Priya Nagrale on March 2023
Cesium Hydroxide Market is projected to be worth USD 439.60 Million by 2030, registering a CAGR of 6.50% during the forecast period (2022 - 2030).
$439.60 Million
6.50%
Asia Pacific
2022 - 2030
Cesium Hydroxide Market Overview Cesium Hydroxide Market is projected to be worth USD 439.60 Million by 2030, registering a CAGR of 6.50% during the forecast period (2022 - 2030). CsOH (cesium hydroxide) is a chemical compound made up of cesium ions and hydroxide ions. It is a water-soluble source of cesium that comes in a variety of hydrate forms. The cesium element is primarily recovered from the ore of lepidolite or pollucite. Due to its extreme volatility and reactivity, it has restricted applicability. It's also incredibly hygroscopic and has a potent base that can erode through the glass. Because of its strong reactivity, cesium hydroxide is commonly employed as an etchant for cleaning heavily doped semiconductors in the electronics sector. It is also utilized in electrical storage batteries as an electrolyte. To compensate for substituted enol ethers and enamines, cesium hydroxide can efficiently catalyze the addition of alcohols, substituted anilines, and heterocyclic amines to phenylacetylene. Cesium hydroxide is also used to generate porous cesium titanosilicates, which could be employed as an ion-exchange material for radioactive waste remediation. Over the last few years, the global cesium hydroxide market has grown steadily. During the forecast period, the worldwide cesium hydroxide market is likely to be driven by increased demand for electronics due to the rising spending power of people around the world.
Key Players
Some of the prominent manufacturers in the global cesium hydroxide market are Merck KGaA (Germany), Thermo Fisher Scientific. (India), ESPICorp Inc. (U.S.), American Elements (U.S.), Blue Line Corporation. (U.S.). Santa Cruz Biotechnology, Inc. (U.S.), MP Biomedicals, LLC. (U.S.), Fluorochem Ltd. (UK), GFS Chemicals, Inc. (U.S.), Materion Corporation (U.S.), ProChem, Inc. (U.S.), Céondo GmbH (Germany), Nacalai Tesque Inc. (Japan), RodaChem BV (Netherlands), and Spectrochem (India).
Market Segmentation
The global cesium hydroxide market is segmented by source, application, end-use industry, and region.
On the basis of the application, the global cesium hydroxide market is segmented into etchant, electrolyte, catalyst, and others.
On the basis of the end-use industry, the global cesium hydroxide market is segmented into electronics, chemical, and others.
On the basis of the region, the global cesium hydroxide market is segmented into Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Global Cesium Hydroxide Market in 2017, by End-Use Industry
Source: MRFR Analysis
Regional Analysis
The global cesium hydroxide market is segmented into five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa.
Asia Pacific dominated the global cesium hydroxide market in 2017 and is expected to show a significant demand during the forecast period, 2018–2023. Growing electronics market in emerging economies due to rising consumer disposable income is likely to contribute considerably to the growth of the product market in the electronics industry. Furthermore, growing chemical industries due to relaxed investment norms, low production cost, and cheap labor is driving the product demand for manufacturing of polymer and other chemicals.
Europe was the second leading region in the global cesium hydroxide market in 2017 and is expected to show high growth during the forecast period. Growing microelectronics industry in Germany is likely to be the major consumer of the cesium hydroxide market.
North America is expected to witness a steady demand for cesium hydroxide during the forecast period. Significant growth in the consumer electronics industry is likely to drive the demand for cesium hydroxide to a large extent.
The Middle East & Africa and Latin America are likely to experience sluggish demand for cesium hydroxide on account of limited applications of cesium hydroxide in this region.Recent Development
Intended Audience
Report Attribute/Metric | Details |
---|---|
Market Size | 2030 : Significant value |
CAGR | Substantial CAGR (2022-2030) |
Base Year | 2021 |
Forecast Period | 2022 to 2030 |
Historical Data | 2019 & 2020 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Source, application, end-use industry |
Geographies Covered | Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. |
Key Vendors | Merck KGaA (Germany), Thermo Fisher Scientific. (India), ESPICorp Inc. (U.S.), American Elements (U.S.), Blue Line Corporation. (U.S.). Santa Cruz Biotechnology, Inc. (U.S.), MP Biomedicals, LLC. (U.S.), Fluorochem Ltd. (UK), GFS Chemicals, Inc. (U.S.), Materion Corporation (U.S.), ProChem, Inc. (U.S.), Céondo GmbH (Germany), Nacalai Tesque Inc. (Japan), RodaChem BV (Netherlands), and Spectrochem (India). |
Key Market Opportunities | Cesium hydroxide is majorly used as an etchant for highly doped semiconductors cleaning in an electronics industry owing to its high reactivity. |
Key Market Drivers | Increasing demand for electronics due to rising purchasing power of consumers across the globe is expected to drive the global cesium hydroxide market |
The forecast period for Cesium Hydroxide Market Market research report is 2020-2027.
Cesium Hydroxide Market Market is dominated by APAC region.
The major players are Merck KGaA (Germany), Thermo Fisher Scientific. (India), ESPICorp Inc. (U.S.), American Elements (U.S.), Blue Line Corporation. (U.S.). Santa Cruz Biotechnology, Inc. (U.S.), MP Biomedicals, LLC. (U.S.), Fluorochem Ltd. (UK), GFS Chemicals, Inc. (U.S.), Materion Corporation (U.S.), ProChem, Inc. (U.S.), Céondo GmbH (Germany), Nacalai Tesque Inc. (Japan), RodaChem BV (Netherlands), and Spectrochem (India).