According to Precision Business Insights (PBI) latest report the global electronic grade sulfuric acid market is expected to be worth USD 403.2 million in 2022, growing at a 6.6% CAGR from 2022 to 2028. Global electronic grade sulfuric acid market is segmented into following types: by Grade (PPT and PPB), Application (Semiconductors, PCB Panels, and Others), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) Forecast to 2028. Key player’s profiles in the Electronic Grade Sulfuric Acid market report are PVS Chemicals Belgium, BASF SE, Ineos Group Holdings S.A., KMG Chemicals, Kanto Chemical Co. Inc., Trident Group, Linde PLC, PVS Chemicals Inc., Reagent Chemicals, Moses Lake Industries, Chung HWA Chemicals Industrial Works, Ltd., Jiangyin Jianghuamicro Electronics Material Co. Ltd., Aurubis. The global electronic grade sulfuric acid market is driven by the usage of electronic grade sulfuric acid in PCB panels. Computers, TVs, mobile phones, washing machines, coffee makers, and other electrical gadgets all employ printed circuit board panels. Moreover, due to increased application in automotive, healthcare, industrial electronics, consumer electronics, marine transport, for PCB panels, the electronic grade sulfuric acid revenue significantly increased over the forecast timeframe.
PPT Grade Segment are Dominate the Electronic Grade Sulfuric Acid Market:
Based on grade, the electronic grade sulfuric acid market is segmented into parts per trillion (PPT) and parts per billion (PPB. PPT grade segment is expected to account for a larger revenue share in the global electronic grade sulfuric acid market and is projected to grow at significant CAGR over 2022 and 2028 due to wide use of PPT grade among wet chemicals in the electronics sector and considered as the cleanest grade of sulfuric acid.
North America Leads Electronic Grade Sulfuric Acid Market:
North America is expected to hold highest market share in the global electronic grade sulfuric acid market over the forecast years due to surge in major projects in the electronic core area. The rise in industry and urbanization in this region is likely to boost demand for semiconductor-based gadgets. Furthermore, China is a major producer of electrical products and automobiles. The expansion of the market in Asia Pacific is expected to be fueled by an increase in the number of foreign firms joining the market and an increase in manufacturing capacity.
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Strategic New Product Launches, Mergers, Acquisitions and Agreements are the key strategies adopted by market players:
Global Electronic Grade Sulfuric Acid market further reveals that the key players increasingly adopting strategies such as launch of newer products, product launches, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance,
- In May 2018, BASF SE’s electronic grade sulfuric acid manufacturing plant started its operations at Jiaxing, China. The plant is projected to cater to the growing semiconductor manufacturing industry in the country.
The Electronic Grade Sulfuric Acid Market Detailed Segmentation
Based on the Grade, the market is segmented into the following:
Based on the Application, the market is segmented into the following:
- PCB Panels
Based on Geography, the market is segmented into the following:
- North America
- Asia Pacific
- Latin America
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