- 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
