According to the findings of the Facts and Factors report “Electronic Grade Sulfuric Acid Market By Type (Parts per trillion (ppt) and Parts per billion (ppb)) and By Application (Semiconductors, PCB Panels, and Pharmaceuticals): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020-2026,” the global Electronic Grade Sul The market is expected to grow at a CAGR of 7%, reaching around USD 485 million by 2026.

Market Overview:

The market for Electronic Grade Sulfuric Acid is expected to expand at a rapid pace during the forecast period. Electronic grade sulfuric acid, in particular, is designed for use in the electronic industry, such as the production of printed circuit boards. Custom grades range from 1% solution to 98% solution.

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Electronic-grade sulfuric acid has numerous applications. Growing investment in the electronics industry is expected to propel the market in the near future. The increased use of smartphones, as well as people’s preference for LCD and LED displays, is creating a favorable environment for the electronic-grade sulfuric acid market. The market’s expansion may be hampered by stringent chemical regulations. The semiconductor industry’s consistent demand is expected to create lucrative opportunities for electronic-grade sulfuric acid.

Segmental Overview:

The Electronic Grade Sulfuric Acid market is divided into two parts: type and application. The market is divided into two types: parts per trillion (ppt) and parts per billion (ppb) (ppb). Parts per trillion are expected to have the largest market share during the forecast period. It is commonly used to remove contaminated ions from silicon wafers. The semiconductor industry’s demand for the purest form of ppt is expected to drive the market. The market is divided into three application segments: semiconductors, PCB panels, and pharmaceuticals. In the semiconductor industry, electronic-grade sulfuric acid is used for etching and cleaning silicon wafers. The widespread use of sulfuric acid in the semiconductor industry is expected to boost the market in the near future.

Regional Overview:

The regional market is segmented as follows: The regional market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. During the forecast period, Asia Pacific is expected to lead the market. The region’s rapid growth in electronics, owing to smartphones, LED, and LCD, is expected to consume electronic grade sulfuric acid.In the forecast period, Asia Pacific is expected to be followed by North America and Europe. However, growth in Latin America, the Middle East, and Africa is expected to be moderate.

Key Players:

BASF SE, Moses Lake Industries, INEOS Group Holdings S.A., Reagent Chemicals, Trident Group, Chemtrade Logistics, PVS Chemicals, KMG Chemicals, The Linde Group, and Kanto Chemical Co.Inc. are the current market leaders in electronic grade sulfuric acid. To expand in the market, these players have used a variety of growth strategies. For better business opportunities, the companies are primarily focused on mergers, acquisitions, and partnerships. This aided these players in rapidly expanding their global footprint.

This report segments the Electronic Grade Sulfuric acid market as follows:

Global Electronic Grade Sulfuric acid Market: by Type Segmentation Analysis

  • Parts per trillion (ppt)
  • Parts per billion (ppb)

Global Electronic Grade Sulfuric acid Market: by Application Segmentation Analysis

  • Semiconductors
  • PCB Panels
  • Pharmaceuticals

Global Electronic Grade Sulfuric acid market: Regional Segmentation Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • The UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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