The Global Electronic Grade Sulfuric Acid Market size was valued at USD 389.67 million in 2023 and is estimated to be worth USD 605.54 million by 2029. The market value is predicted to expand at a CAGR of 6.5% during the forecast period 2024-2029.
Market Drivers:
The electronic grade sulfuric acid market is expected to propel due to factors including rising investment in the development of cutting-edge products and circuit boards and the provision and enforcement of standard regulations and rules. These are defined by semiconductor equipment and materials international bodies and increased requirements from various industries.
The electronic grade sulfuric acid market is driven by the increase in PCB panel use of sulfuric acid. Electronics such as computers, TVs, smartphones, washing machines, coffee makers, and other appliances all employ printed circuit board panels. Moreover, the growing use of electronic-grade sulfuric acid in the automotive, healthcare, consumer electronics, industrial electronics, maritime transport, aerospace & defense, and other industries has resulted in a rising demand for it in PCB panels.
Additionally, the expansion of the electronic grade sulfuric acid market is fueled by the increased development and acquisition operations of local enterprises. The development of new goods and cutting-edge circuit board technology, together with the establishment and upkeep of uniform guidelines and standards established by the International Semiconductor Equipment and Materials Association, are also driving the market's expansion.
Market Restraints:
Obstacles like the high production costs related to the purifying process prevent the market from growing. Strict quality control and intricate processes are required to create high-purity sulfuric acid for electronic applications, which leads to high production costs. It could be expensive for producers and consumers to meet purity standards. In addition, the market expansion is being further impacted by the volatility of the semiconductor industry. In 2023, chip companies with greater exposure to non-consumer markets continued to face supply constraints. This was made possible by the notable shortages of automotive chips and the ongoing strong demand from data centers. But declining sales of smartphones, PCs, and other consumer gadgets are hurting other chip manufacturers, forcing them to cut back on capital expenditures.
Market Opportunities:
Additionally, there are many prospects for electronic grade sulfuric acid market expansion presented by innovation and research. It is aimed at enhancing the sustainability and effectiveness of the purification process as well as creating recycling procedures to lessen waste and environmental effects.
In the coming years, the demand for ultra-pure sulfuric acid is expected to rise. This is due to its expanding uses in the electrical and electronics industry particularly in Asia-Pacific and North American countries.
Moreover, it is employed in the chemical sector to produce viscose, explosives, polymers and detergents for specialised uses. Sulfuric acid functions as a dehydrator as well as an oxidizer.
Market Challenges:
Strict sulfuric acid laws are a significant obstacle to the expansion of the worldwide UPSA market. Although there are many uses for this acid, its use is limited by several environmental rules. Furthermore, the manufacturing facilities need to adhere to strict environmental standards concerning the release of sulphur dioxide and sulfuric acid mist into the atmosphere as gaseous pollutants.
Particles and droplets of sulfuric acid mist linger in the atmosphere, where they are absorbed by clouds, fog, rain, and snow to create acid rain, which is a hazardous substance for aquatic life, vegetation, and people. In addition, the chemical sector is subject to rules enforced by regulatory authorities worldwide. Global chemical industry growth is derailed by certain regulations imposed by regulators.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 – 2029 |
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Base Year |
2024 |
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Forecast Period |
2024 - 2029 |
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CAGR |
6.5% |
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Segments Covered |
By Purity Grade, Application, and Region. |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
BASF SE, INEOS Group Holdings S.A. (UK), Chemtrade Logistics, KMG Chemicals (US), Kanto Chemical Co., Inc., Trident Group (India), The Linde Group, PVS Chemicals (US), Reagent Chemicals (UK), Moses Lake Industries (US), and Others. |
Market Segment Analysis:
The parts per trillion segment holds the maximum share of the electronic grade sulfuric acid market and are still growing. It shows the incredibly low contamination levels in this ultra-pure sulfuric acid. Moreover, the complex process of producing electrical gadgets necessitates the use of extremely pure chemicals in the manufacturing stages. Likewise, it is typically utilized for silicon wafer cleaning and etching of all organic and metal contaminants. Thus, segment growth will be accelerated during the projection period.
Additionally, PPT ultra-pure sulfuric acid is created and handled specifically to be used in reagent-grade applications and the production of electronic semiconductors. Further, it is predicted to surge demand for electronic devices due to the growing urbanisation trend.
The Semiconductors segment is anticipated to register a considerable growth rate during the forecast period. The demand for semiconductors in the electronics industry is directly correlated with the performance of the electronic grade sulfuric acid market. Also, ultra-pure sulfuric acids are generally utilized in the electronics sector for the cleaning and etching of printed circuit boards and semiconductors. In addition, the primary factor propelling the expansion of the ultra-pure sulfuric acid market is its extensive application in cleaning silicon wafers to meet the high-quality demands of the semiconductor industry. This trend is anticipated to continue in the coming years. The electronics industry's phenomenal boom in China and India's developing nations further fosters a climate that is ideal for the market for ultra-pure sulfuric acid to expand.
The Global Electronic Grade Sulfuric Acid Market Report includes the segmentation of regions:
North America's two largest semiconductor-producing nations are the United States and Canada. This is due to the development of sophisticated electronics and ongoing technical developments. Also, environmental concerns and the high standards of electronic production drive customer needs in the US market. Further, because electronic industrial processes need accuracy, there is a noticeable emphasis on constant and reliable supply. In this area, improvements to industrial facilities, environmental compliance, and the development of more effective logistics are frequently the focus of investments.
The European region is driving forward owing to strong demand in the electronic grade sulfuric acid market for automotive and electronics sectors. Also, strict laws governing chemical purity and environmental safety translate into distinct consumer preferences. Moreover, the region is now working on projects to standardize the recycling and disposal of sulfuric acid waste and also to advance research and development in this high-purity chemical industry through partnerships between academic and industrial institutions.
The Middle East and Africa electronic grade sulfuric acid market value is predicted to surge significantly in the coming years. In addition, because of its rapidly expanding electronic manufacturing industries, the Middle East presents potential. Moreover, Africa is a rising competitor, and its burgeoning electronics and telecommunications sectors are likely to drive the demand for sulfuric acid of electronic grade.
Asia Pacific's electronic grade sulfuric acid market is experiencing substantial growth. This expansion is due to the large concentration of semiconductor manufacturing businesses, which is increasing the demand for high-purity sulfuric acid for cleaning and washing silicon wafers. The strict purity requirements and the advancements in SC chip production technologies have a significant impact on consumer purchasing behavior in the APAC region. So, to minimize its negative effects on the environment, it is focused on developing recycling technologies, cutting contaminants, and optimizing the production process for electronic-grade sulfuric acid.
Latin America is poised to witness growth in the electronic grade sulfuric acid market in the future. It offers fresh prospects for supply chain and electronics manufacturing businesses alike. Furthermore, the Dominican Republic has a thriving advanced manufacturing industry that was supported by one of the strongest free trade zone networks in the Americas in 2022, exporting 2.25 billion dollars' worth of medical devices and 1.2 billion dollars' worth of advanced electronics. Furthermore, it is currently a top choice for near-shore investments in advanced manufacturing, particularly in the assembly, test, and packaging (ATP) of semiconductors and devices like printed circuit boards.
Lockdowns, travel restrictions, and company closures affected the market expansion. Moreover, China is the largest provider of raw materials. It is also the world's leading manufacturing industry.
In addition, the growth of the electronic grade sulfuric acid market was hindered by the pandemic. This happened because of the production halts, supply chain disruptions, and the global economic slowdown. And the industries affected the most are electrical and electronics, along with automotive. Thus, transportation of products and inventories has been negatively affected by the industrial stoppage because of interrupted logistic services.
Market Key Players:
Market Key Developments:
Frequently Asked Questions
The electronic grade sulfuric acid market is expected to grow with a CAGR of 6.5% between 2024-2029.
The electronic grade sulfuric acid market size is expected to reach a revised size of US$ 605.54 million by 2029.
Kanto Chemical Co., Inc., Trident Group (India), The Linde Group, PVS Chemicals (US), and Reagent Chemicals (UK) are top key players in the electronic grade sulfuric acid market.
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