What is Global Electronic Grade Phosphoric Acid Market?
The Global Electronic Grade Phosphoric Acid Market is a specialized sector within the larger chemical industry. This market specifically deals with the production, distribution, and use of phosphoric acid that meets the stringent purity requirements for electronic applications. Phosphoric acid is a versatile chemical used in a variety of industries, but the electronic grade is particularly important for the manufacturing of semiconductors and other electronic components. The purity of the acid is crucial in these applications, as any impurities can significantly affect the performance and reliability of the electronic devices. The global market for this product is driven by the increasing demand for electronics, particularly in developing countries where the adoption of technology is rapidly growing. However, the market also faces challenges such as the need for continuous technological advancements to meet the evolving needs of the electronics industry, and the environmental concerns associated with the production and disposal of phosphoric acid. Despite these challenges, the market shows promising growth potential, driven by the ongoing digital revolution and the increasing reliance on electronics in various sectors including healthcare, automotive, and telecommunications.
Panel Level, IC Level in the Global Electronic Grade Phosphoric Acid Market:
The Global Electronic Grade Phosphoric Acid Market can be segmented based on the level of application, namely Panel Level and IC Level. The Panel Level refers to the use of the acid in the manufacturing of display panels for various electronic devices such as televisions, computers, and smartphones. The IC Level, on the other hand, refers to the use of the acid in the production of integrated circuits, which are the building blocks of all electronic devices. Both these segments are crucial for the overall market, as they cater to the core components of the electronics industry. The demand in these segments is driven by the increasing consumption of electronics, the ongoing technological advancements, and the miniaturization trend in the electronics industry. However, these segments also face challenges such as the need for continuous innovation to meet the evolving consumer expectations, and the environmental and health concerns associated with the use of phosphoric acid. Despite these challenges, both these segments show promising growth potential, driven by the increasing reliance on electronics in various sectors and the ongoing digital revolution.
Cleaning, Etching, Others in the Global Electronic Grade Phosphoric Acid Market:
The Global Electronic Grade Phosphoric Acid Market finds its usage in various areas including Cleaning, Etching, and Others. In the Cleaning segment, the acid is used for cleaning the surface of electronic components before the manufacturing process. This is crucial to ensure the reliability and performance of the electronic devices. In the Etching segment, the acid is used to etch the surface of the electronic components during the manufacturing process. This is important for the creation of intricate patterns and designs on the electronic components. The Others segment includes various other applications of the acid in the electronics industry. The demand in these segments is driven by the increasing consumption of electronics and the ongoing technological advancements. However, these segments also face challenges such as the environmental and health concerns associated with the use of phosphoric acid. Despite these challenges, these segments show promising growth potential, driven by the increasing reliance on electronics in various sectors and the ongoing digital revolution.
Global Electronic Grade Phosphoric Acid Market Outlook:
The outlook for the Global Electronic Grade Phosphoric Acid Market is positive, with significant growth expected in the coming years. In 2022, the market was valued at US$ 1100.4 million and it is projected to reach US$ 1651.5 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 5.9% during the forecast period from 2023 to 2029. The market is dominated by four major companies, which collectively hold a market share of more than 75%. The Asia-Pacific region is the largest market for Electronic Grade Phosphoric Acid, accounting for about 86% of the global market. This dominance can be attributed to the high concentration of electronics manufacturing industries in this region, particularly in countries like China, South Korea, and Taiwan. The growth of the market in this region is driven by the increasing consumption of electronics, the ongoing technological advancements, and the growing adoption of technology in various sectors.
| Report Metric | Details |
| Report Name | Electronic Grade Phosphoric Acid Market |
| Accounted market size in 2023 | US$ 1170.8 million |
| Forecasted market size in 2029 | US$ 1651.5 million |
| CAGR | 5.9 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Arkema, Solvay, ICL Performance Products, RIN KAGAKU KOGYO, Rasa Industries, Honeywell, Hubei Xingfa Chemicals Group, Chengxing Group, Yunphos (Taixing) Chemical, Guangxi Qinzhou Capital Success PHOS-Chemical |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
