Electronic Grade Sulfuric Acid Market: Global Market Estimation, Dynamics, Trends, Competitor Analysis 2016-2021 and Forecast 2022-2028

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Electronic Grade Sulfuric Acid Market By Grade (PPB (Parts Per Billion) and PPT (Parts Per Trillion)), By Application (PCB Panels, Semiconductors, and Others), and Geography

 

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Report

Description

Electronic Grade Sulfuric Acid Market size is estimated to be valued at USD 380.0 million in 2021 and is poised to grow at a significant CAGR of 6.6% over 2022-2028. Electronic grade sulfuric acid is a high purity chemical used in the electronics industry for cleaning and etching applications of semiconductors and PCBs. The PPT grade is the most popular segment of the global electronic grade sulfuric acid market. During the manufacture of semiconductors and integrated circuits, it is critical to remove ionic impurities from silicon wafers. PPT is the purest form of electronic grade sulfuric acid, and it’s utilized in the semiconductor industry for cleaning and etching silicon wafers. Moreover, players are focusing on expansion to maintain the growth in the market. For instance, in 2018, BASF SE started operations at its new manufacturing plant of electronic grade sulfuric acid in Jiaxing, China, to cater to the demand for electronic grade sulfuric acid in semiconductor manufacturing processes. The company started its expansion plan to double its production capacity owing to the strong demand from customers in China. Increased investment in the development of innovative products and advanced circuit board technology, provision and maintenance of standard rules and regulations established by semiconductor equipment and materials international, and increased demand from end user industries are expected to propel the electronic grade sulfuric acid market forward.

Recent Market Developments:

In October 2021, carbon-free energy along with the improved capacity in the e-grade sulfuric acid plant has been set up by PVS Chemicals Belgium N.V through the new MECS gas system. It is licensed by DuPont Clean Technologies (DuPont) at the sulfuric acid plant in Gent, Belgium.

Electronic Grade Sulfuric Acid Market

MARKET SUMMARY
-
6.6%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 6.6%
  • Largest Market– North America
  • Fastest Growing Market– Asia Pacific

Electronic Grade Sulfuric Acid Market

  • The report on the global electronic grade sulfuric acid market gives historical growth, current trends, and future market sizes (US$ Mn) on the basis of grade, application, and regions.
  • The global electronic grade sulfuric acid market gives a comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and the Middle East, and Africa.
Key Players
  • Avantor Performance Materials
  • Moses Lake Industries Inc.
  • Pvs Chemicals, Inc.
  • Trident Group
  • Kanto Chemical Co., Inc.
Electronic Grade Sulfuric Acid Market

Dynamics

The need for electronic grade sulfuric acid is increasing as a result of technical improvements in circuit boards. Level 12 chemical material, SEMI C12 standard defined by Semiconductor Equipment and Materials International. Increase in the adoption of electronic gadgets such as laptops, TVs, mobile phones, house hold appliances, and other consumer electronic goods significantly enhance the revenue share of market in the future. Moreover, expansion of business by the market players by establishing the new plants also immense boost to the market over the forecast years.


Asia-Pacific got significant share

Electronic Grade Sulfuric Acid Market

The electronic grade sulfuric acid market in Asia-Pacific is likely to hold the significant revenue share in 2021 and the market is predicted to increase at a rapid growth rate over the projected period due to the rise in demand from end user industries such as automotive electronics, consumer electronics, computers, sefense, and communications. PCBs are utilized as fundamental components for products in several sectors. In comparison to North America and Europe, Asia-Pacific has seen a rapid expansion in demand for and manufacturing of electronic gadgets.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The electronic grade sulfuric acid market report provides granular level information about market size, regional market share, historic market (2016-2021), and forecast (2022-2028).
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
  • The report tracks recent innovations, key developments, and startups’ details that are actively working in the market.
  • The report provides a plethora of information about market entry strategies
Electronic Grade Sulfuric Acid Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Company Profile

  • BASF SE
  • The Linde Group
  • Avantor Performance Materials
  • Moses Lake Industries Inc.
  • Pvs Chemicals, Inc.
  • Trident Group
  • Kanto Chemical Co., Inc
  • Chemtrade Logistics Inc.
  • KMG Chemicals Inc.
  • Mitsubishi Electric Corporation
  • Guangming Industrial (Kuang Ming)–
  • Aurubis
  • Ineos Enterprises, Limited
  • Sigma-Aldrich Co.
  • Asia Union Electronic Chemicals
  • Chung HWA Chemicals Industrial Works, Ltd.
  • Jaingyin Jianghua Microelectronics Materials Co. Ltd
  • Suzhou Crystal Clear Chemical Co., Ltd.

Description

Electronic Grade Sulfuric Acid Market size is estimated to be valued at USD 380.0 million in 2021 and is poised to grow at a significant CAGR of 6.6% over 2022-2028. Electronic grade sulfuric acid is a high purity chemical used in the electronics industry for cleaning and etching applications of semiconductors and PCBs. The PPT grade is the most popular segment of the global electronic grade sulfuric acid market. During the manufacture of semiconductors and integrated circuits, it is critical to remove ionic impurities from silicon wafers. PPT is the purest form of electronic grade sulfuric acid, and it’s utilized in the semiconductor industry for cleaning and etching silicon wafers. Moreover, players are focusing on expansion to maintain the growth in the market. For instance, in 2018, BASF SE started operations at its new manufacturing plant of electronic grade sulfuric acid in Jiaxing, China, to cater to the demand for electronic grade sulfuric acid in semiconductor manufacturing processes. The company started its expansion plan to double its production capacity owing to the strong demand from customers in China. Increased investment in the development of innovative products and advanced circuit board technology, provision and maintenance of standard rules and regulations established by semiconductor equipment and materials international, and increased demand from end user industries are expected to propel the electronic grade sulfuric acid market forward.

Recent Market Developments:

In October 2021, carbon-free energy along with the improved capacity in the e-grade sulfuric acid plant has been set up by PVS Chemicals Belgium N.V through the new MECS gas system. It is licensed by DuPont Clean Technologies (DuPont) at the sulfuric acid plant in Gent, Belgium.

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