Global Electronic Grade Sulfuric Acid Market – Industry Trends and Forecast to 2029

Global Electronic Grade Sulfuric Acid Market, By Type (Sulfuric Acid 95%, Sulfuric Acid 96%, Sulfuric Acid 97%, Sulfuric Acid 98%, Sulfuric Acid 99%), Grade (Parts Per Million (PPT), Parts Per Billion (PPB)), Product (Pressure Sensor, Temperature Sensor, Motion Sensor, Image Sensor, Proximity Sensor, Fingerprint Sensor, Others), Application (Semiconductors, P.C.B. Panels, Pharmaceuticals), End User (Entertainment, Communication & I.T., Home Appliances, Wearable Devices) – Industry Trends and Forecast to 2029.

Electronic Grade Sulfuric Acid Market Analysis and Size

The electronic grade sulfuric acid is widely used in the lead-based car batteries and the fertilizer industries. Demand for sulfuric acid has been increasing due to the rapid growth in the end-use industries. According to recent reports, the global sulfuric acid volume is to grow from 2,86,616.9 kilotons in 2022 to 3,82,738.7 kilotons in 2032. Electronic-grade sulfuric acid consumption accounted for about 30% of total ultra-pure reagents. The rising demands from the electronic sector are also expected to boost the market's growth over the forecasted period.

The global electronic grade sulfuric acid market was valued at USD 328.90 million in 2021 and is expected to reach USD 532.18 million by 2029, registering a CAGR of 6.20% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Electronic Grade Sulfuric Acid Market Scope and Segmentation

Market Definition

Electronic-grade sulfuric acid is a significant part of microelectronic chemical reagents. It is primarily used in semiconductors and ultra-large-scale integrated assembly and processing. They are explicitly being manufactured for their application in electronics, particularly in printed circuit boards (P.C.B.s).

Global Electronic Grade Sulfuric Acid Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:

Drivers

• Numerous benefits across the electronic sector

Demands and the production of the electronic devices have been increased across the Asia-Pacific and other countries. P.C.B.s are employed as the primary components in these sectors. Electronic grade sulfuric acid is primarily being used in the electronics industry for cleaning and fetching applications of semiconductors and P.C.B.s. It is mainly used to clean silicon wafers during semiconductor manufacturing. These beneficiary factors are driving the market's growth over the forecasted period.

Moreover, the additional energy that emits from this reaction is ideal for removing hard-baked photoresists and organic contaminants from the substrate's surface. The additional energy that radiates from the intended exothermic reaction is ideal for removing hard-baked photoresists and most organic contaminants from the surface of silicon production wafers. All these factors are driving the market's growth over the forecasted period.

• High usage across end-user industries

The expansion of end-use industries and the increase in urbanization and population will further propel the electronic-grade sulfuric acid market growth rate. Additionally, rapid urbanization and industrialization in emerging countries such as India, China, and Southeastern Asia will drive market value growth.

Opportunities

• Technological advancements and benefits

The rising benefits of the product across various end-user industries, such as the fertilizers and electronics sector, will create lucrative growth opportunities for the market over the forecasted period. The rising investments in research and development activities will also create growth opportunities for the market due to the rising beneficial factors of the product. The increasing demands from the metal industries due to advanced properties such as fulfills the needs of wet chemicals across the semiconductors industry for specific and customized electronic applications. This invention further provides large electronic-grade sulfuric acid and can be used to eliminate organic pollutants on the substrate surface during the metal refining technique.

Restraints/Challenges

• Stringent approval process

The manufacturers must enhance their manufacturing and production processes per the regulatory policies of various governments. These stringent policies and the unavailability of skilled personnel to operate the tasks further result in more time for approval, which will create hindrances to the growth of the electronic grade sulfuric acid market.

• Fluctuations in raw material prices

The inconsistent raw material prices have a direct negative impact on the overall market's growth. As a result, these fluctuations will significantly challenge the electronic-grade sulfuric acid market growth rate.

This electronic grade sulfuric acid market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the electronic grade sulfuric acid market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Electronic Grade Sulfuric Acid Market

The recent outbreak of coronavirus harmed the electronic grade sulfuric acid market. The market faced disruption in supply chains, lesser availability of workforce, fluctuations in prices, and availability of raw materials, which hampered the market broadly. However, with the gradual upliftment of restriction and restoration of business operations, the overall chemical industries are expected to grow steadily. Also, the market is estimated to revive as individual regulatory bodies relax these enforced lockdowns. The suspended and canceled operations will continue, and the market is estimated to expand.

Recent Developments

• In 2021, BASF SE, Zhejiang Jiahua Energy Chemical Industry Co. Ltd., and its subsidiary Zhejiang Jiafu New Material Technology Co. Ltd. signed an agreement to expand the production of electronic-grade sulfuric acid in China. The deal aims to meet the requirements of the customers of china, and the planned site will be completed by 2023.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Electronic Grade Sulfuric Acid Market Scope

The electronic grade sulfuric acid market is segmented on the basis of type, grade, product, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Sulfuric Acid 95%
• Sulfuric Acid 96%
• Sulfuric Acid 97%
• Sulfuric Acid 98%
• Sulfuric Acid 99%

Grade

• Parts Per Million (PPT)
• Parts Per Billion (PPB)

Product

• Pressure Sensor
• Temperature Sensor
• Motion Sensor
• Image Sensor
• Proximity Sensor
• Fingerprint Sensor
• Others

Application

• Semiconductors
• P.C.B. Panels
• Pharmaceuticals

End User

• Entertainment
• Communication and I.T.
• Home Appliances
• Wearable Devices

Electronic Grade Sulfuric Acid Market Regional Analysis/Insights

The electronic grade sulfuric acid market is analyzed and market size insights and trends are provided by type, grade, product, application and end user as referenced above.

The countries covered in the electronic grade sulfuric acid market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth in this region is attributed to the increasing use of sulfuric acid for a wide range of applications within the region.

Asia-Pacific is estimated to show lucrative growth over the forecast period of 2022-2029 due to increasing industrialization and urbanization. Also, the rising production of electronic goods in developing economies such as India and China will bolster the growth of this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Electronic Grade Sulfuric Acid Market Share Analysis

The electronic grade sulfuric acid 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 electronic grade sulfuric acid market.

Some of the major players operating in the electronic grade sulfuric acid market are

• INEOS (U.K.)
• K.M.G. Chemicals (U.S.)
• Chemtrade Logistics. (Canada)
• KANTO KAGAKU. (Japan)
• Linde plc (Ireland)
• P.V.S. Chemicals (U.S.)
• Spectrum Chemical (U.S.)
• Columbus Chemicals (U.S.)
• ASIA UNION ELECTRONIC CHEMICAL CORP. (U.S.)
• Chung Hwa Chemical Industrial Works, Ltd. (Taiwan)
• Aurubis AG (Germany)
• Merck KGaA (Germany)
• Nouryon - Chamber of Commerce (Netherlands)
• Seastar Chemicals Inc (Canada)
• Supraveni Chemicals Pvt. Ltd (India)
• Moses Lake Industries (U.S.)
• BASF SE (Germany)