Electronic Grade Sulfuric Acid Market Analysis (2023-2028)

Electronic Grade Sulfuric Acid Market Analysis (2023-2028)

Electronic Grade Sulfuric Acid Market Analysis (2023-2028)
Report code - SRAM386 Delivery - 2 Weeks
Electronic Grade Sulfuric Acid Market Size, Share, Trend, Dynamics, Forecast, & Indust See more...

Market Insights

"The global electronic grade sulfuric acid market size was estimated at USD 347.18 million in 2022 and is likely to grow at a CAGR of 6.36% during 2023-2028 to reach USD 505.15 million by 2028."

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Electronic grade sulfuric acid is also known as ultra-pure sulfuric acid. It is used in purest form and possesses various characteristics which help to remove impure particles, carbon deposits, and inorganic residue on water while cleaning and itching.

Electronic grade sulfuric acid are of different grades, such as PPT and PPB, which are used in various applications, such as semiconductors, PCB panels and pharmaceuticals.

Electronic Grade Sulfuric Acid Report Overview

Market Size in 2028

USD 505.15 Million

Market Size in 2023

USD 347.18 Million

Market Growth (2023-2028)

CAGR of 6.36%

Base Year of Study

2022

Trend Period

2017-2021

Forecast Period

2023-2028

Market Dynamics

Market Drivers

The increasing consumption of electronic grade sulfuric acid in various applications, such as semiconductors, PCB panels, and IC manufacturing is the prime factor contributing to its demand during the forecast period.

Segment Analysis

Segmentations

List of Sub-Segments

Dominant and Fastest-Growing Segments

Grade-Type Analysis

PPT (Parts per Trillion), PPB (Parts per Billion)

The PPT grade segment is expected to remain dominant during the forecast period.

Application-Type Analysis

Semiconductors, PCB Panels, and Pharmaceuticals

The semiconductors segment dominates the market.

Regional Analysis

North America, Europe, Asia-Pacific, and Rest of the World

Asia-Pacific is estimated to be the largest electronic grade sulfuric acid market during the forecast period.

Grade Trends

"The PPT segment accounted for the largest market share."

The market is segmented as PPT and PPB. The PPT grade segment held the larger share of the market in 2022, and is expected to remain dominant during the forecast period. The removal of ionic contaminants from silicon wafers is important during the manufacturing of semiconductors and ICs. PPT is the purest grade of electronic grade sulfuric acid and is majorly been used in cleaning and etching of silicon wafers in the semiconductor industry, which is driving the market in the foreseen duration.

Application Trends

"The semiconductors segment accounted for the largest market share."

The electronic grade sulfuric acid market is segmented as semiconductors, PCB panels, and pharmaceuticals. The semiconductors segment dominates the market, as this electronic grade sulfuric acid is used in cleaning and etching of semiconductors and PCBs. It is the most common and widely used specialty wet chemical which is used in specific and customized electronic applications in the semiconductor industry, which is propelling the growth of the segment during the forecast period.

Regional Insights

"Asia-Pacific accounted for the largest market share."

Asia-Pacific is estimated to be the largest electronic grade sulfuric acid market during the forecast period, with China, Japan, India, South Korea, and Taiwan being the major countries with lucrative growth opportunities. The growth of the market in China is driven by the increase in the production of electronic products where PCB panels are majorly consumed, such as smartphones, LED and LCD televisions. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Key Players

The following are the key players in the electronic grade sulfuric acid market (arranged alphabetically).

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s electronic grade sulfuric acid market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Key questions this report answers

Relevant contents in the report

How big is the sales opportunity?

In-depth Analysis of the Electronic Grade Sulfuric Acid Market

How lucrative is the future?

Market forecast and trend data and emerging trends

Which regions offer the best sales opportunities?

Global, regional, and country-level historical data and forecasts

Which are the most attractive market segments?

Market Segment Analysis and Forecast

Which are the top players and their market positioning?

Competitive landscape analysis, Market share analysis

How complex is the business environment?

Porter’s five forces analysis, PEST analysis, Life cycle analysis

What are the factors affecting the market?

Drivers & challenges

Will I get the information on my specific requirement?

10% free customization

The electronic grade sulfuric acid market is segmented into the following categories.

By Grade Type:

  • PPT
  • PPB

By Application Type:

  • Semiconductors
  • PCB Panels
  • Pharmaceuticals

By Region:

  • North America (Country Analysis: the USA, Canada, and Mexico)
  • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
  • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
  • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Electronic-Grade-Sulfuric-Acid-Market-Report-Features

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Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

  • Detailed profiling of additional market players (up to 3 players)
  • SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

  • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

Frequently Asked Questions (FAQs)

the electronic grade sulfuric acid market is expected to witness an impressive growth of 6.36% CAGR in the foreseeable future.

BASF SE, INEOS Group Holdings S.A., Chemtrade Logistics, KMG Chemicals, Kanto Chemical Co., Inc., Trident Group, and The Linde Group are among the key players in the market.

Asia-Pacific is expected to remain the largest market during the next five years.

The increasing consumption of electronic grade sulfuric acid in various applications, such as semiconductors, PCB panels, and IC manufacturing is the prime factor contributing to its demand during the forecast period.

The PPT grade segment is expected to remain dominant grade type in the market.