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Description
Electronic Grade Sulfuric Acid Market size was valued at USD 380.0 million in 2021, growing at a significant CAGR of 6.6% from 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.
