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.
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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.
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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.
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