Global Electronic Grade Nitric Acid Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2032

Electronic Grade Nitric Acid Market Size

• The global electronic grade nitric acid market size was valued at USD 98.1 million in 2024 and is expected to reach USD 163.57 million by 2032, at a CAGR of 6.6% during the forecast period
• This growth is driven by factors such as rising semiconductor production, increased need for ultra-pure chemicals due to chip miniaturization, expansion of fabs, stricter quality standards, and growth in 5G, IoT, and EV technologies

Electronic Grade Nitric Acid Market Analysis

• Electronic grade nitric acid is a high-purity chemical essential for semiconductor manufacturing, primarily used in wafer cleaning, etching, and oxidation processes to ensure precision and contamination-free production. It plays a vital role in producing advanced microchips and is used extensively across semiconductor fabs, foundries, and electronics manufacturing facilities
• The electronic grade nitric acid market is witnessing strong growth driven by increasing semiconductor demand, ongoing miniaturization of chips, rising investments in fab expansions, strict purity standards in electronics manufacturing, and rapid adoption of technologies such as 5G, IoT, and electric vehicles
• Asia-Pacific is expected to dominate the electronic grade nitric acid market with a largest market share of 40.6%, due to the strong semiconductor manufacturing base and growing demand for high-purity chemicals used in electronics production
• North America is expected to be the fastest growing region in the electronic grade nitric acid market during the forecast period due to advancement of semiconductor manufacturing and the expanding solar energy sector
• Semiconductor segment is expected to dominate the market with a largest market share of 59.2% due to rising demand for ultra-high-purity chemicals in semiconductor fabrication processes, particularly for wafer cleaning and etching applications, driven by growing chip production and advancements in node miniaturization

Report Scope and Electronic Grade Nitric Acid Market Segmentation

Electronic Grade Nitric Acid Market Trends

“Increasing Shift Toward Ultra-High-Purity Formulations”

• One prominent trend in the global electronic grade nitric acid market is the increasing shift toward ultra-high-purity formulations
• This trend is driven by the growing complexity of semiconductor devices, stricter contamination control requirements, and the demand for higher yield and performance in advanced chip manufacturing

• For instance, leading semiconductor fabs are increasingly adopting ultra-high-purity nitric acid grades to meet sub-10nm process standards, prompting chemical suppliers such as BASF and Kanto Chemical to expand their high-purity product lines

• The demand for ultra-pure formulations is also rising across fabs and foundries worldwide as precision and purity become critical in next-gen semiconductor production
• As chip manufacturers continue pushing the limits of miniaturization, this trend is expected to drive significant innovation and investment in purification technologies within the electronic grade nitric acid market

Electronic Grade Nitric Acid Market Dynamics

Driver

“Rapid Expansion of the Electronics Sector”

• The rapid expansion of the electronics sector is a key driver of growth in the electronic grade nitric acid market, as the production of semiconductors, display panels, and other electronic components requires high-purity chemicals for precision cleaning and etching
• This demand is especially strong in the semiconductor industry, where electronic grade nitric acid is essential for maintaining surface integrity and minimizing contamination during wafer fabrication
• As consumer electronics, data centers, and electric vehicles continue to grow, the need for reliable, high-purity materials across fabs and advanced manufacturing facilities is rising globally
• Chemical manufacturers are responding by scaling up production capabilities and enhancing purification technologies to meet the quality and volume demands of the fast-evolving electronics industry
• The increasing integration of smart devices, 5G infrastructure, and IoT applications is further accelerating the consumption of electronic grade nitric acid across both established and emerging markets

For instance,

• BASF is enhancing its electronic materials portfolio in response to semiconductor industry growth, including investment in high-purity acid production for chip manufacturing
• Avantor is expanding its electronics-grade chemical production to meet the rising demand from semiconductor manufacturers in Taiwan, South Korea, and the U.S.

• As the electronics industry continues to evolve and grow, this driver is expected to remain central to shaping innovation and market dynamics in the electronic grade nitric acid landscape

Opportunity

“Increasing Emphasis on Green Technologies”

• The increasing emphasis on green technologies presents a significant opportunity for the electronic grade nitric acid market, as the electronics industry seeks more sustainable and environmentally friendly manufacturing practices
• Semiconductor and electronics manufacturers are exploring low-emission, recyclable, and energy-efficient materials and processes, creating demand for cleaner, greener chemical solutions, including electronic grade nitric acid
• This opportunity aligns with the global push toward eco-friendly production and corporate sustainability goals, where reducing waste and hazardous byproducts is a growing priority across fabs and chemical supply chains

For instance,

• Merck KGaA is advancing its “Sustainable Electronics” program by incorporating eco-conscious practices into its production of high-purity process chemicals
• Honeywell is introducing greener chemical handling and delivery systems for its electronic grade acid products to reduce environmental impact and improve efficiency at fabs

• As sustainability becomes a strategic focus for the electronics and semiconductor industries, the electronic grade nitric acid market is well-positioned to grow by supporting greener, more responsible manufacturing practices

Restraint/Challenge

“High Production Cost”

• High production costs present a significant challenge for the electronic grade nitric acid market, as manufacturers must implement advanced purification processes to meet the ultra-purity standards required by semiconductor manufacturers
• Achieving the necessary purity levels involves specialized infrastructure, stringent quality control, and sophisticated technologies, all of which contribute to higher operational costs and reduced cost efficiency
• This challenge is particularly significant in emerging markets, where the lack of advanced production facilities and regulatory oversight can increase costs and complicate the scale-up of high-purity acid production

For instance,

• Leading suppliers such as Kanto Chemical and BASF are investing heavily in research and infrastructure to reduce production costs, but smaller manufacturers often struggle to achieve the same level of quality and cost efficiency

• The high production costs associated with electronic grade nitric acid can slow down market expansion and limit access to affordable solutions, particularly in regions where fabs are still developing or operating at lower capacities

Electronic Grade Nitric Acid Market Scope

The market is segmented on the basis of type and application.

In 2025, the semiconductor is projected to dominate the market with a largest share in application segment

The semiconductor segment is expected to dominate the electronic grade nitric acid market with the largest share of 59.2% in 2025 due to rising demand for ultra-high-purity chemicals in semiconductor fabrication processes, particularly for wafer cleaning and etching applications, driven by growing chip production and advancements in node miniaturization.

The VL grade is expected to account for the largest share during the forecast period in type market

In 2025, the VL grade segment is expected to dominate the market with the largest market share of 30.5% due to its widespread use in precision cleaning and etching processes, especially in advanced semiconductor manufacturing, where extremely low levels of metal ion contamination are critical to maintaining device performance and yield.

Electronic Grade Nitric Acid Market Regional Analysis

“Asia-Pacific Holds the Largest Share in the Electronic grade nitric acid Market”

• Asia-Pacific dominates the electronic grade nitric acid market with a largest market share of 40.6%, driven by the strong semiconductor manufacturing base and growing demand for high-purity chemicals used in electronics production
• China holds a significant share due to its extensive semiconductor production capabilities, which are supported by substantial government investments in high-tech industries, expanding fabs, and a growing demand for advanced electronics
• The dominance of Asia-Pacific is further fueled by the presence of leading semiconductor manufacturers such as TSMC, Samsung, and SMIC, alongside a robust chemical supply chain and a growing demand for high-purity materials used in semiconductor and electronics production.
• The region’s market leadership is expected to continue through 2032, supported by an increasing focus on technology development, high production volumes, and the adoption of ultra-pure materials to meet global semiconductor manufacturing standards

“North America is Projected to Register the Highest CAGR in the Electronic grade nitric acid Market”

• North America is expected to witness the highest growth rate in the electronic grade nitric acid market, driven by advancement of semiconductor manufacturing and the expanding solar energy sector
• U.S. holds a significant share due to its well-established semiconductor industry, ongoing investments in new fab facilities, and strong demand for high-purity chemicals driven by advancements in technology, including AI, 5G, and electric vehicles
• The region’s growth is further supported by the presence of key players such as Air Products and Chemicals, Honeywell, and Linde, alongside significant government initiatives such as the CHIPS Act, which incentivizes domestic semiconductor manufacturing and the adoption of high-quality chemical supplies
• As semiconductor manufacturing continues to ramp up in North America, especially with the establishment of new fabs and an increasing focus on high-tech innovation, North America is expected to experience substantial growth, positioning it as the fastest-growing region in the market through 2032

Electronic Grade Nitric Acid Market Share

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

The Major Market Leaders Operating in the Market Are:

• Mitsubishi Chemical Group Corporation (Japan)
• BASF (Germany)
• EuroChem Group (Switzerland)
• ASIA UNION ELECTRONIC CHEMICAL CORP (U.S.)
• Juhua International (China)
• Kanto Chemical Holdings (Japan)
• Columbus Chemicals (U.S.)
• Jiangyin Runma Electronic Materials Co., Ltd. (China)
• UBE Corporation (Japan)
• T.N.C. INDUSTRIAL CO., LTD. (Taiwan)

Latest Developments in Global Electronic Grade Nitric Acid Market

• In August 2024, Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) approved an investment proposal to expand its weak nitric acid production capacity by 57%, reaching 600 MTPD (200,000 MTPA). This capacity increase is expected to significantly enhance GNFC’s market position, enabling the company to meet the growing demand for high-purity nitric acid, particularly from the semiconductor and solar energy sectors. The expansion will also help GNFC cater to the increasing need for advanced chemicals in clean energy solutions, positioning the company to capitalize on emerging trends in high-tech industries
• In August 2023, GNFC approved a substantial investment to establish a new weak nitric acid production facility with a capacity of 200,000 MTPA. This move is anticipated to strengthen GNFC’s competitive edge in the market by increasing its production capabilities, allowing it to better serve a broader customer base. The new facility will support the rising demand for electronic grade chemicals and further solidify GNFC’s role as a key supplier to industries relying on high-purity materials for semiconductor manufacturing, solar energy applications, and LCD panel production 

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