According to the research report titled ‘Global Buffered Oxide Etch Market Size study, by Type (Conventional Semiconductor Grade, Fine Electronic Grade, Ultra-High Purity Grade), by Application (Silica Etching, Others) and Regional Forecasts 2019-2026’, available with Market Study Report, global buffered oxide etch market generated revenues worth USD 170 million in the year 2018 and is expected to grow with a CAGR of 8% between 2019 and 2026.
 

Notably, BOE (buffered oxide etch) is a wet etchant primarily used in microfabrication. It is utilized in etching thin silicon dioxide and silicon nitride films. The product is a mixture of hydrofluoric (HF) acid and ammonium fluoride. Distilled HF etches silicon dioxide rapidly for enhanced process control as well as removes photoresist consumed during lithographic patterning.
 

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Rising adoption of semiconductor devices in tandem with high concentration of market majors across the globe are key factors driving the buffered oxide etch market growth. According SIA (Semiconductor Industry Association), worldwide sales of semiconductors grew by 13.7% from 2017 and registered around USD 468.8 billion in the year 2018. However, side effects associated with BOE such as eye damage and skin irritation may act as a restraining factor to the overall market growth.
 

As per type, buffered oxide etch industry is divided into ultra-high purity grade, fine electronic grade and conventional semiconductor grade. In terms of application landscape, the market is split into silica etching and others.
 

Regionally, buffered oxide etch industry in Asia-Pacific is expected to register significant growth during the analysis timeframe. High concentration of fluorocarbon manufacturers is creating lucrative growth opportunities for the overall market in the region.
 

The prominent companies operating in global buffered oxide etch market are Zhejiang Hailan Chemical Group, Changshu Xinhua Chemical, Chengde Yingke Fine Chemical, Xiangshui Xinlianhe Chemical, Shaowu Huaxin Chemical, Daikin Industries, Morita Chemical and Stella Chemifa among others.