logo
logo
Sign in

Electronics Manufacturing Is The Fastest Growing Segment Fueling The Growth Of Ultra Pure Sulfuric Acid Market

avatar
samruddhicmi12
Electronics Manufacturing Is The Fastest Growing Segment Fueling The Growth Of Ultra Pure Sulfuric Acid Market

The Global Ultra Pure Sulfuric Acid Market is estimated to be valued at US$ 16.65 Bn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Ultra pure sulfuric acid is a colorless, odorless and oily liquid that is highly corrosive in nature. It is widely used in electronics manufacturing as a cleaning agent and for etching of semiconductors and other electronic components due to its strong acidity and oxidizing properties.

Market key trends:

Ultra pure sulfuric acid finds major application in the electronics manufacturing industry where it is used for cleaning of metals and removal of organic contaminants from silicon wafers during the production of microchips, integrated circuits and other electronic components. The rapid growth of the electronics sector, especially smartphones, laptops, tablets and other consumer electronics is fueling the demand for ultra pure sulfuric acid from this key end use segment. Furthermore, increasing outsourcing of electronics production from developed markets to Asia Pacific is also propelling the growth of the ultra pure sulfuric acid market.

Segment Analysis

The global ultra pure sulfuric acid market is segmented based on application into electronic, pharmaceutical, and chemical industries. The electronic segment currently dominates the market and is expected to continue its dominance over the forecast period. Ultra pure sulfuric acid finds wide usage in semiconductor manufacturing processes such as wafer cleaning and etching. Growing demand for electronic devices is driving the consumption of ultra pure sulfuric acid in this segment.

Key Takeaways

The Global Ultra Pure Sulfuric Acid Market Size is expected to witness high growth, exhibiting a CAGR of 11% over the forecast period, due to increasing demand for semiconductors from the electronics industry.

Regional analysis

Asia Pacific currently holds the largest share in the ultra pure sulfuric acid market and is expected to remain the dominant as well as fastest growing regional market over the forecast period. Countries such as China, Taiwan, South Korea and Japan are major electronics manufacturing hubs, driving the consumption of ultra pure sulfuric acid in the region.

Key players

Key players operating in the ultra pure sulfuric acid market are Tampa Electric, Chemtrade, The Mosaic, Lucite International, Climax Molybdenum, Valero Energy, Solvay, DuPont, Akzonobel N.V, BASF,US Petrochemical, Shell, Avantor Performance Materials, Indian Oil Corporation Ltd., Ineos Enterprises, PVS Chemicals Inc., Moses Lake Industries, Sigma-Aldrich Co. LLC, KMG Chemicals Inc., Kanto Chemical Co. Inc. Linde Group, Reagent Chemicals, and Ineos Enterprises.


Explorer more information on this topic, Please visit @ https://www.rapidwebwire.com/boost-growth-of-the-global-ultra-pure-sulfuric-acid-market-analysis

 

collect
0
avatar
samruddhicmi12
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more