IMARC Group, a leading market research company, has recently releases report titled “Electronic Grade Sulfuric Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The study provides a detailed analysis of the industry, including the global electronic grade sulfuric acid market size, share, trends, and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the electronic grade sulfuric acid market?
The global electronic grade sulfuric acid market size reached US$ 330.4 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 468.6 Million by 2028, exhibiting a growth rate (CAGR) of 5.8% during 2023-2028.
What is Electronic Grade Sulfuric Acid?
Electronic grade sulfuric acid is a high-purity form of sulfuric acid specifically produced for applications in the electronics industry, particularly in semiconductor manufacturing. Unlike the more common industrial-grade sulfuric acid, this specialized form is subject to stringent purification processes to remove trace impurities and contaminants. It is commonly used in cleaning and etching processes to prepare silicon wafers, which form the basis of most semiconductor devices. The exacting purity standards ensure that the acid will not introduce any impurities that might compromise the electrical performance or structural integrity of the finished semiconductor products. Because semiconductor devices are essential components in a wide array of electronic systems from smartphones to medical devices the quality and purity of materials like electronic grade sulfuric acid are of paramount importance.
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What are the growth prospects and trends in the electronic grade sulfuric acid industry?
The increasing appetite for consumer electronics represents one of the key factors driving the growth of the market across the globe. As the heart of electronic devices, the semiconductor industry's exponential growth directly impacts the demand for high-purity sulfuric acid used in cleaning and etching processes. Innovations in electronic devices, such as smartphones, tablets, and IoT devices, require increasingly sophisticated semiconductor components, which is driving the need for ultra-pure sulfuric acid. The ongoing trend towards miniaturization in electronics necessitates more advanced fabrication techniques, where the purity of chemicals like sulfuric acid is critical. The market is also driven by stringent quality requirements in semiconductor manufacturing necessitating the use of high-grade materials. Advanced medical devices with electronic components are becoming more common, which is driving the need for highly pure materials in their manufacturing processes. Environmental and safety regulations often require the use of high-quality, pure chemicals, which facilitates the growth of the market. Increasing awareness among end-users about the benefits of using high-quality, pure materials is further fueling the growth of the market across the globe.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Grade:
- Parts Per Trillion (PPT)
- Parts Per Billion (PPB)
Breakup by Application:
- Semiconductors
- PCB Panels
- Pharmaceuticals
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Chemtrade Logistics Inc.
- Fujifilm Holdings Corporation (Sumitomo Mitsui Banking Corporation)
- Kanto Chemical Co. Inc.
- Linde plc
- Moses Lake Industries Inc. (Tama Chemicals Co. Ltd.)
- PVS Chemical Solutions Inc.
- Trident Limited India
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