Electronic Grade Sulfuric Acid Market - Forecast(2021 - 2026)

Report Code: CMR 0740 Report Format: PDF + Excel (Delivery in 48 Hrs)

Electronic Grade Sulfuric Acid Market Overview

Electronic Grade Sulfuric Acid Market size is forecast to reach $442.69 million by 2025, after growing at a CAGR of 6.70% during 2020-2025. Owing to its characteristics that helps remove impurities, carbon deposits and inorganic residue on wafer while etching and cleaning, the electronic grade sulfuric acid market is expected to grow during the forecast period. Rising demand for semiconductor, PCB panel and IC manufacturing are factors driving the market.

Report Coverage

The report: “Electronic Grade Sulfuric Acid Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Electronic Grade Sulfuric Acid Market Industry.
By Type: Temperature Sensor, Proximity Sensor, Pressure Sensor, Fingerprint Sensor, Image Sensor, Motion Sensor and Others.
By Grade: Parts per Billion (PPB), Parts per Trillion (PPT)
By Application: Semiconductors, PCB Panels, Pharmaceutical and Others.
By Geography: North America, South America, Europe, APAC, and RoW

Key Takeaways

  • Rise in technological advancements in circuit board is driving the demand for electronic grade sulfuric acid.
  • By application, semiconductors segment is expected to dominate the electronic grade sulfuric acid market.
  • Asia Pacific dominated the electronic grade sulfuric acid market.

By Type - Segment Analysis

Pressure sensor segment held a significant share in electronic grade sulfuric acid market in 2019. Most electronic pressure sensors incorporate different elements as the primary pressure detector, and it is used to vary a measurable electrical quantity to produce a proportionately variable electronic signal. The advent of smaller, lower-cost and lower-powered pressure sensors has increased efficiency and performance, and generated a new wave of innovation, in both the sensors themselves and their applications. Some of the prominent trends that the market is witnessing include growing technological advancements, huge demand of image sensor in smartphones, and commercialization of fingerprint sensors.

By Grade - Segment Analysis

Parts per trillion segment held a significant share in electronic grade sulfuric acid market in 2019. The removal of ionic contaminants from silicon wafers is of utmost importance during the manufacturing of semiconductors and ICs. PPT is the purest grade of electronic grade sulfuric acid and is used in cleaning and etching of silicon wafers in the semiconductor industry. The parts per trillion (PPT) segment is projected to expand at a rapid pace in the future as it is a preferred grade among wet chemicals in the electronics industry and it is considered to be the purest grade of sulfuric acid.

By Application - Segment Analysis

Semiconductor segment held a significant share in electronic grade sulfuric acid market in 2019 growing at a CAGR of 6.97% during the forecast period. Electronic grade sulfuric acid majorly finds applications in cleaning and etching of semiconductors and PCBs. It is the most common and widely used specialty wet chemical used in specific and customized electronic applications in the semiconductor industry. It is majorly used to clean silicon wafers during semiconductor manufacturing. The increasing demand for electronic devices globally is expected to boost the market for electronic grade sulfuric acid during the forecast period.

Geography- Segment Analysis

Asia Pacific dominated the electronic grade sulfuric market with a share of more than 41%, followed by North America and Europe.  APAC presents appreciable growth potential in the consumer electronics industry during the forecast period due to a fast-growing middle class and the availability of trained labor in China, Japan, India, Malaysia, and Singapore. China is expected to be one of the major markets for electronic grade sulfuric acid. The growth of the electronic grade sulfuric acid market in China can be attributed to the increase in the production of electronic products such as smart phones and LED and LCD televisions where PCB panels are majorly consumed. 

The coronavirus outbreak is causing electronics manufacturers major pain and delays, as suppliers based in China have struggled to keep factories running at full speed. Many of electronics manufacturers based in the United States or Europe rely on certain components built by suppliers in China. IPC, an electronics equipment trade organization, ran a survey in February in which 65% of 150 participating electronics manufacturers and suppliers reported delays from suppliers due to the spread of coronavirus, which causes the respiratory disease COVID-19.

Drivers – Electronic Grade Sulfuric Acid Market

Increasing usage of electronic grade sulfuric acid in PCB panels

PCB is an electronic circuit used in electronic devices to provide mechanical support. Printed circuit board panels find application in almost all electronic devices, including computers, TVs, smart phones, washing machines, coffee makers, and others. The demand for electronic grade sulfuric acid in PCB panels is majorly driven by its increasing use in automotive, healthcare, industrial electronics, consumer electronics, maritime transport, aerospace & defense, and other industries. Electronic grade sulfuric acid is used in semiconductor processing to remove residual organic contamination due to which it is widely used in semiconductors and the electronic grade sulfuric acid market is expected to grow during the forecast period.  

Challenges – Electronic Grade Sulfuric Acid Market

High manufacturing cost 

High manufacturing cost of electronic grade sulfuric acid is expected to hinder the market growth. Lack of technological experts is restraining the growth of this market. High costs of operations, high energy consumption, and acid mist pollution are hampering market growth. These factors are expected to hinder the electronic grade sulfuric acid market growth.  

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the electronic grade sulfuric acid market. In 2019, the market of electronic grade sulfuric acid has been consolidated by the top five players accounting for xx% of the share. Major players in the electronic grade sulfuric acid market are BASF SE, Chemtrade Logistics Inc, Sigma-Aldrich Co., KMG Chemicals Inc, Kanto Chemical Co. Inc, INEOS, The Linde Group, Reagent Chemicals, and PVS Chemical Inc. among others.

Geographical Expansion

  • In May 2018, BASF SE’s electronic grade sulfuric acid manufacturing plant started its operations at Jiaxing, China. The plant is projected to cater to the growing semiconductor manufacturing industry in the country.