Electronic Grade Sulfuric Acid Market Size Share Trends Growth Demand and Competitive Analysis Insights 2022-2029 | DataM Intelligence

November 08 17:05 2022
Electronic Grade Sulfuric Acid Market Size Share Trends Growth Demand and Competitive Analysis Insights 2022-2029 | DataM Intelligence
DataM Intelligence
The Electronic Grade Sulfuric Acid Market is expected to grow at a CAGR of 6.2% during the forecast period 2022-2029.

Market Overview:

Global Electronic Grade Sulfuric Acid Market reached US$ YY Million in 2021 and is expected to reach US$ YY million by 2029, growing at a CAGR of 6.2% during the forecast period 2021-2029.

Sulfuric acid of electronic grade is a high-purity chemical used in the electronics area for cleansing and etching semiconductors and published circuit forums, microchips, semiconductors, and sun cells. Sulfuric acid of electronic grade is a not unusual issue of microelectronic chemical reagents. The products are employed in semiconductors and extremely massive-scale integrated circuit meeting and processing. Additionally, electronic-grade sulfuric acid is employed in semiconductor manufacturing to cast off residual organic contaminants earlier than the metallization operations.

The electric-grade sulfuric acid is often blended with either hydrogen peroxide or ozonated ultra-pure water to gain an intended exothermic reaction. Its reaction’s greater power is useful for getting rid of tough-baked photoresists and most natural impurities.

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Market Dynamics

Extensive growth in demand for semiconductors

Sulfuric acid of digital grade is used normally for cleansing and etching semiconductors and PCBs. The product is a popular and normally utilized forte moist chemical for specific and tailor-made electronic applications within the semiconductor enterprise. As per facts posted by means of The Semiconductor Industry Association, global semiconductor sales totaled US 48million in October 2021, up 24% from US$ 39.4mil in October 2020 and 1.1% better than US$ 48.3mil in September 2021.

Furthermore, in keeping with a recently introduced WSTS enterprise projection, yearly worldwide income would upward thrust 25.6% in 2021 and 8.Eight% in 2022. By sales, SIA represents 98% of the US semiconductor quarter and approximately two-thirds of non-US chip organizations.

From the facts, it can be without difficulty understood that the semiconductor marketplace is booming exponentially, supplemented by way of the growing digitalization and invention of superior technological gizmos.

Since electronic-grade sulfuric acid plays an important position in the manufacture of semiconductors, the large growth in the semiconductor market would complement the demand increase for electronic-grade sulfuric acid. Therefore, the respective component might be a chief marketplace driver for the worldwide digital-grade sulfuric acid marketplace.

Market Segmentation:

By Grade

  • PPB (Parts per Million)
  • PPT (Parts per Trillion)

By Application

  • Semiconductors
  • PCB Panels
  • Others        

By End-User

  • Electronics
  • Chemical
  • Electronics
  • Others

Competitive Landscape

The global electronic grade sulfuric acid market is highly active and dynamic in proportion to the number and strength of global and local competitors. The market is classed as consolidated since only a few primary players control the majority of the market share. BASF SE, INEOS AG, Aurubis, Kanto Chemical Co., Inc., Trident Group, KMG Chemicals, PVS Chemicals, Moses Lake Industries, Sigma-Aldrich Co. LLC and Nouryon are some of the major market participants. Substantial market participants employ market approaches like mergers, acquisitions, product launches, contributions and collaborations to gain competitive advantages and recognition in their respective markets.

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