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Electronic Grade Sulfuric Acid Market- Investigating Opportunities, Key Players, Trends, Regional Growth, and Emerging Applications

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Electronic Grade Sulfuric Acid Market- Investigating Opportunities, Key Players, Trends, Regional Growth, and Emerging Applications

September 05
00:25 2023
Electronic Grade Sulfuric Acid Market- Investigating Opportunities, Key Players, Trends, Regional Growth, and Emerging Applications
Browse 70 market data Tables and 33 Figures spread through 109 Pages and in-depth TOC on “Electronic Grade Sulfuric Acid Market”
The Electronic Grade Sulfuric Acid Market is driven by the demand for ultra-pure sulfuric acid in the semiconductor industry, with PCB panels as the fastest-growing application and PPT grade dominating due to its high purity and critical role in electronic component reliability.

The electronic grade sulfuric acid market size is projected to grow USD 415 million by 2024, at a CAGR of 6.7%. Electronic grade sulfuric acid, also known as ultra-pure sulfuric acid, is an extremely high-purity form of sulfuric acid used in the semiconductor and electronics industry. It undergoes rigorous purification processes to remove impurities and contaminants, resulting in a product with exceptionally low levels of metal ions, particulates, and organic substances. Electronic grade sulfuric acid is crucial for cleaning, etching, and surface treatment processes in semiconductor fabrication, ensuring the highest quality and reliability of electronic components and integrated circuits.

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Based on grade, the market is segmented into PPT (Parts Per Trillion) and PPB (Parts Per Billion). In the electronic grade sulfuric acid market, PPT (parts per trillion) grade is expected to be the dominant category. PPT grade sulfuric acid is known for its exceptional purity, with extremely low levels of impurities, making it essential for critical applications in the semiconductor and electronics industry. This high level of purity ensures the reliability and performance of electronic components, making PPT grade sulfuric acid the preferred choice in this sector.

Based on application, the market is segmented into semiconductors, PCB panels, and pharmaceuticals. The PCB (Printed Circuit Board) panels segment is anticipated to experience the most rapid growth among the various applications of electronic grade sulfuric acid. This high-purity sulfuric acid is increasingly in demand for cleaning and etching processes in PCB manufacturing, driven by the expanding electronics industry. Its use in PCB production is crucial for achieving precise and reliable circuitry, making it a key driver of growth in the electronic grade sulfuric acid market.

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The market in APAC is projected to register the highest CAGR between 2019 and 2024. The high economic growth of the emerging economies and the increasing disposable income in the region are making APAC an attractive market for electronic grade sulfuric acid manufacturers. The tremendous growth of the semiconductor, PCBs, and pharmaceuticals application segments are primarily responsible for the high demand for electronic grade sulfuric acid in the region.

The key players in the electronic grade sulfuric acid market are BASF SE (Germany), INEOS Group Holdings S.A. (UK), Chemtrade Logistics (Canada), KMG Chemicals (US), Kanto Chemical Co., Inc.  (Japan), Trident Group (India), The Linde Group (Ireland), PVS Chemicals (US), Reagent Chemicals (UK), and Moses Lake Industries (US). The report analyzes the key growth strategies adopted by these leading market players, between 2014 and 2019, which include expansion and merger & acquisition.

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