10-Jun-2020 | Facts and Factors
Findings from Facts and Factors report “Electronic Grade Sulfuric acid Market By Type (Parts per trillion (ppt), and Parts per billion (ppb)) and By Application (Semiconductors, PCB Panels, and Pharmaceuticals): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Electronic Grade Sulfuric acid market in 2019 was approximately USD 305 Million. The market is expected to grow at a CAGR of 7% and is anticipated to reach around USD 485 million by 2026.
The Electronic Grade Sulfuric acid market is estimated to grow at a significant rate in the forecast period. Specifically, electronic grade sulfuric acid is developed for applications in the electronic industry, such as the development of printed circuit boards. Custom grades vary from 1 % to 98% solution.
Browse the full “Electronic Grade Sulfuric acid Market By Type (Parts per trillion (ppt), and Parts per billion (ppb)) and By Application (Semiconductors, PCB Panels, and Pharmaceuticals): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/electronic-grade-sulfuric-acid-market-by-type-parts-1064
Electronic grade sulfuric acid has a wide range of applications. The growing investment in the electronics industry is estimated to propel the market in the forthcoming time. The rise in the use of smartphones, people’s preference for LCD and LED displays is generating a favorable ecosystem for the electronic grade sulfuric acid market. The stringent regulations over the use of chemicals may hinder the growth of the market. The constant demand from the semiconductor industry is estimated to create lucrative opportunities for electronic grade sulfuric acid.
The Electronic Grade Sulfuric acid market is segmented based on type and application. On the basis of type segmentation, the market is classified into Parts per trillion (ppt), and Parts per billion (ppb). The parts per trillion are estimated to gain the highest market share in the forecast period. It is commonly used for the eradication of contaminated ions from silicon wafers. The demand from the semiconductor industry for the purest form of ppt is estimated to propel the market. In terms of Application segmentation, the market is bifurcated into semiconductors, PCB panels, and pharmaceuticals. The electronic grade sulfuric acid is used in the semiconductor industry for the etching and cleaning of silicon wafers. The wide use of sulfuric acid in the semiconductor industry is anticipated to boost the market in the forthcoming time.
Based on the regional market is segmented such as Based on the regional market is segmented as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific is estimated to lead the market in the forecast period. The rapid growth of electronics in the region, owing to smartphones, LED, and LCD is estimated to consume the electronic grade sulfuric acid. The Asia Pacific is a region that is estimated to follow by North America and Europe in the forecast period. However, Latin America and Middle East & Africa region is estimated to witness moderate growth.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 305 Million |
Projected Market Size in 2026 |
USD 485 Million |
CAGR Growth Rate |
7% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
BASF SE, Moses Lake Industries, INEOS Group Holdings S.A., Reagent Chemicals, Trident Group, Chemtrade Logistics, PVS Chemicals, KMG Chemicals, The Linde Group, and Kanto Chemical Co.Inc., and Others |
Key Segment |
By Type, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the leading players in the global market include
BASF SE, Moses Lake Industries, INEOS Group Holdings S.A., Reagent Chemicals, Trident Group, Chemtrade Logistics, PVS Chemicals, KMG Chemicals, The Linde Group, and Kanto Chemical Co.Inc. These players have adopted various growth strategies to expand in the market. The companies are predominantly focused on mergers, acquisitions, and partnerships for fetching better business opportunities. This helped these players to grow at a rapid pace by adding a global footprint.
This report segments the Electronic Grade Sulfuric acid market as follows:
By Type Segmentation Analysis
- Parts per trillion (ppt)
- Parts per billion (ppb)
By Application Segmentation Analysis
- Semiconductors
- PCB Panels
- Pharmaceuticals
By Regional Segmentation Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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