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Electronic Grade Sulphuric Acid Market - By Grade (PPT, PPB), By Application (Semiconductors, PCB Panels, Pharmaceutical) & By Region (North America, Europe, APAC, Middle East & Africa, South America) – Global Analysis on Size, Share, Growth, Trends & Forecast | 2023-2028

Published: March, 2023
ID: 9660
Pages: 175
Formats: report pdf report excel report power bi report ppt

Electronic Grade Sulphuric Acid Market Size (2023-2028):

The Electronic Grade Sulphuric Acid Market size was assessed to be USD 321 million in 2022 and is projected to reach USD 455 million by 2028, at a CAGR of 9.10%. The market is driven mostly by its huge consumption of semiconductors, PCB panels, and IC manufacturing.

PPT grade leads to the worldwide marketplace. The exclusion of ionic contaminants in silicon wafers is given more significance in the making of semiconductors and ICs. PPT is not a mixed grade and is often used in the cleaning and etching of silicon wafers in the semiconductor sector. The semiconductors segment is predicted to be the largest application of electronic-grade sulphuric acid. Electronic grade sulphuric acid mostly finds applications in the cleaning and etching of semiconductors and PCBs. In the semiconductor industry, it is the most common and widely used specialty wet chemical used in specific and customized electronic applications. The increasing demand for electronic devices worldwide is predicted to boost the market for electronic-grade sulphuric acid during the forecast period

The Asia Pacific is foreseen to be the largest region in the electronic-grade sulphuric acid market over the evaluated period. Japan, India, South Korea, China, and Taiwan are the major contributors in the APAC area, with China holding the lead in this market. The dominion of the market in China is credited to the surge in the making of electronic devices like smartphones and televisions where PCB panels are extensively used.

Drivers, Restraints & Opportunities in the Electronic Grade Sulphuric Acid Market

  • The rise in technological advancements in the circuit board is driving the demand for electronic-grade sulphuric acid.

  • Ultra-pure sulphuric acid meets Level 12 of chemical material, SEMI C12 standard set by Semiconductor Equipment and Materials International.

  • The lack of technology experts is restraining the growth of this market.

  • High costs of operations, high energy consumption, and acid mist pollution are hampering the market growth.

ELECTRONIC GRADE SULPHURIC ACID MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022-2028

Base Year

2022

Forecast Period

2023-2028

CAGR

9.10%

Segments Covered

  • By Grade
  • By Application
  • By Region 

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America: United States, Mexico, Canada

Europe: United Kingdom, Germany, Italy, France

Asia Pacific: Australia, Canada, China

Latin America: Argentina, Brazil, Chile

Middle East and Africa: Egypt, Iran, Iraq, Israel

 

Market Leaders Profiled

  1. Chemtrade Logistics Inc
  2. Sigma-Aldrich Co
  3.  KMG Chemicals Inc
  4. Kanto Chemical Co. Inc
  5. INEOS
  6. The Linde Group
  7. Reagent Chemicals
  8. PVS Chemical Inc

This research report includes the segmentation of the Electronic Grade Sulphuric Acid Market until 2028.

Electronic Grade Sulphuric Acid Market - By Grade

  • Parts per trillion (ppt)
  • Parts per billion (PPB).

Increasing the adoption of parts per trillion due to it is purest form is expected to boost business growth. 

The parts per trillion (ppt) segment is projected to expand at a rapid pace in the future as it is a preferred grade among wet chemicals in the electronics industry and it is considered to be the purest grade of sulphuric acid.

Electronic Grade Sulphuric Acid Market - By Application

Based on application, the market has been divided into

  • Semiconductors
  • PCB panels
  • Pharmaceuticals.

The semiconductors segment is anticipated to grow in the next few years. Electronic grade Sulphuric acid possesses characteristics such as high purity, which is extensively employed in the electronics industry for the etching and cleaning application of semiconductors. High demand for electronic and electronic devices in the developing region is fuelling the semiconductors segment.

Electronic Grade Sulphuric Acid Market - By Region:

  • North America 
  • Europe 
  • Asia Pacific 
  • Latin America 
  • Middle east and Africa 

The market in the Asia Pacific is predicted to record steady growth in the coming years because of the significant developments in the electronic core area in the region. The rise in industrialization and urbanization in this region is expected to fuel the demand for devices, which employ semiconductors. Moreover, China is a hub for electronic devices and automobile manufacturing. An increase in the number of international companies entering the market in the Asia Pacific and an increase in production capacity are anticipated to drive the growth of the market in the region.

Electronic Grade Sulphuric Acid Market key players:

  1. Chemtrade Logistics Inc

  2. Sigma-Aldrich Co

  3. KMG Chemicals Inc

  4. Kanto Chemical Co. Inc

  5. INEOS

  6. The Linde Group

  7. Reagent Chemicals

  8. PVS Chemical Inc

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