Electronic Grade Sulfuric Acid Market Size, Share, Competitive Landscape and Trend Analysis Report by Grade and Application : Global Opportunity Analysis and Industry Forecast, 2021-2030

Sulfuric acid, also known as hydrogen sulfate, is a highly corrosive mineral acid with the formula H₂SO₄. It is transparent, colorless, and odorless. Electronic grade sulfuric acid is a high purity chemical used in the electronics industry for semiconductor and PCB cleaning and etching. A highly corrosive acid comes out as a yellowish viscous liquid. The manufacturing technology for electronic-grade sulfuric acid consists primarily of rectification methods and other procedures. The invention provides reliable electronic-grade sulfuric acid production method process protection, as well as high product purity and low contamination ion content, which can be used in the production of large-scale integrated circuits. Electronic-grade sulfuric acid is currently widely used in the IC manufacturing process; it peels off as resistance, and the most commonly used sulfuric acid has a concentration of 96% left and right. Sulfuric acid can be used to eliminate the organic pollutant on the substrate surface in conjunction with hydrogen peroxide or the ozone crossed before metal refining, and the natural pollutant that remains on the substrate and relevant device can have a negative impact on normal production. Sulfuric acid of electronic grade is used primarily for cleaning and etching semiconductors and PCBs. It is the most common and widely used specialty wet chemical in the semiconductor industry for specific and customized electronic applications.

COVID-19 Impact analysis

The COVID-19 outbreak has affected economies and industries in a number of countries due to lockdowns, travel bans, and business closures. All-major industries are experiencing severe disruptions, including supply chain breakdowns, technology event cancellations, and office closures because of the outbreak. China is the global manufacturing hub with the presence of and the largest raw material suppliers. The electronic grade sulfuric acid market is also suffering from the overall market breakdown caused by COVID-19 due to factory closures, supply chain obstacles, and the global economic downturn. The pandemic has had a significant impact on the electronic grade sulfuric acid end-use industries. Electrical and electronics, as well as automotive (automotive electronics), are among the industries that have been hardest hit by the pandemic. The industrial shutdown has had a negative impact on product and inventory transportation because logistic services have been hampered by the COVID-19 outbreak.

Top Impacting Factors

Increase in investment in the development of innovative products and advanced technology in circuit boards, as well as the provision and maintenance of standard rules and regulations set by semiconductor equipment and materials international, as well as increased demand from a variety of industries, are some of the factors that is projected to propel the electronic grade sulfuric acid market forward. The surge in use of electronic grade sulfuric acid in PCB panels drives the global electronic grade sulfuric acid market. Printed circuit board panels are used in a wide range of electronic devices, including computers, televisions, smartphones, washing machines, coffee makers, and other appliances. Electronic grade sulfuric acid is in high demand in PCB panels due to its increase in use in automotive, healthcare, industrial electronics, consumer electronics, maritime transport, aerospace & defense, and other industries. Furthermore, the increased development and acquisition activities of local businesses are aiding market expansion. In addition, rise in investment for the advancement of innovative products and advanced technology in circuit boards, as well as the provision and maintenance of standard rules and regulations set by the semiconductor equipment and materials international, is boosting the market growth.

Market Trends

• Automotive electronics, consumer electronics, computer, defense, and telecommunication are some of the sub-sectors of the electronics market. In these industries, PCBs are used as basic components for products. In comparison to North America and Europe, demand for and production of electronic devices has increased rapidly in Asia-Pacific.
• The electronic grade sulfuric acid market has been divided into parts per trillion (PPT) and parts per billion (PPB) based on grade (PPB). The parts per trillion (PPT) segment is expected to grow rapidly in the future because it is a preferred grade among wet chemicals in the electronics industry and is considered the purest grade of sulfuric acid.
• The high cost of producing electronic grade sulfuric acid is expected to stifle market growth. Furthermore, a scarcity of technological experts, high operating costs, high-energy consumption, and acid mist pollution are all impeding market expansion. Nonetheless, the market is expected to benefit from increasing technological advancements and product innovation.
• The market in Asia-Pacific is expected to grow at the fastest rate during the forecast period because of the presence of major electronics manufacturers in the region, as well as a large consumer base and cheap labor. Furthermore, rise in sulfuric acid production, aided by the easy availability of raw materials in the region, is expected to boost the market growth.
• North America is expected to hold a significant share of the market during the forecast period, owing to rise in demand for electronic devices fueled by high disposable income, as well as the region's growing chemical industry.

Key Benefits of the Report

• This study presents the analytical depiction of the electronic grade sulfuric acid market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the electronic grade sulfuric acid market share.
• The current market is quantitatively analyzed to highlight the electronic grade sulfuric acid market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed electronic grade sulfuric acid market analysis based on competitive intensity and how the competition will take shape in coming years

Questions Answered in the Electronic Grade Sulfuric Acid Report

• Who are the leading market players active in the electronic grade sulfuric acid market?
• What current trends will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What future projections would help in taking further strategic steps?
• What are electronic grade sulfuric acid?
• What does electronic grade sulfuric acid allow organizations to achieve?
• Which technologies combine to make electronic grade sulfuric acid critical organizational asset?
• What are the current trends and predicted trends?

  Electronic Grade Sulfuric Acid Market Report Highlights