Electronic Grade Phosphoric Acid Market 2022-2028
PMR presents a detailed analysis and delivers key insights on the global electronic grade phosphoric acid market in its latest report titled ‘Electronic Grade Phosphoric Acid Market: Global Industry Analysis 2013-2017 and Forecast 2018-2028’. The long-term outlook on the global electronic grade phosphoric acid market remains positive with the market value pegged at over US$ 827.6 Mn at the end of 2018, which is anticipated to reach US$ 1,757.9 Mn by 2028 end.
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Among the segments by grade/purity, the less than 80% purity segment in the electronic grade phosphoric acid market is expected to account for a significant share in terms of both value and volume over the forecast period. From a regional point of view, countries in East Asia are anticipated to amass a substantial proportion of the market during the forecast period, witnessing 8.3% growth from 2018 to 2028. In this report, PMR throws light on the drivers, restraints, opportunities and trends likely to impact the electronic grade phosphoric acid market during this period.
Key Players:
The report has profiled some of the important players prevalent in the global like – Solvay SA, Arkema S.A., OCI Company Ltd, Israel Chemicals Ltd., Cabot Microelectronics Corporation, Merck KGaA, RIN KAGAKU KOGYO Co., Ltd., Taiwan Maxwave Co., Ltd., Asia Union Electronic Chemical Corp, SEMIAC Electronic Chemicals Co., Ltd., and Avantor, Inc and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Electronic Grade Phosphoric Acid Market.
Semiconductor Manufacturing Activities to Drive Global Electronic Grade Phosphoric Acid Market
Persistence Market Research recommends that the global electronic grade phosphoric acid market will register healthy growth over the forecast period, which can be attributed to the optimistic stance of the electronic parts manufacturing activities, mainly in manufacturing hubs such as China, Japan and South Korea. With rising demand from end-use industries such as consumer electronics, the consumption of electronic grade phosphoric acid in cleaning application is expected to witness strong growth during the forecast period. Also, in the manufacturing of large-scale integrated circuits such as VLSI and ULSI, electronic grade phosphoric acid is employed in cleaning applications and as an etchant.The need for pure metal sheets and particles in the manufacturing of microelectronic components has been significantly increasing the demand for electronic grade phosphoric acid in the marketplace.
The growing prominence of Liquid Crystal Display (LCD) panels in smartphones, televisions, tablets, computers and laptops, among other devices has been following a tremendous growth track. This, complimented by the distinguished characteristics of electronic grade phosphoric acid, are some prominent factors driving the market of electronic grade phosphoric acid.complimented by the distinguished characteristics of electronic grade phosphoric acid, are some prominent factors driving the market of electronic grade phosphoric acid.complimented by the distinguished characteristics of electronic grade phosphoric acid, are some prominent factors driving the market of electronic grade phosphoric acid.
However, the unfavourable stance of environmental and governing authorities on the overall mining sector, comprising phosphate rocks mining, pose a hindrance to the uninterrupted production of electronic grade phosphoric acid. The manufacturing of electronic grade phosphoric acid depends mainly on low purity phosphoric acid, which is further dependent on phosphate rocks used as raw materials. An irregular supply of water in some regions to the mining sector, due to competing claims such as water shortage for drinking and agriculture activities, restrain the market for electronic grade phosphoric acid from expanding to its full potential.
Global Electronic Grade Phosphoric Acid Market Segmentation Analysis
The electronic grade phosphoric acid market has been segmented on the basis of application into semiconductor, liquid crystal display (LCD), VLSI & ULSI and others.
- On the basis of application, the semiconductor segment is expected to remain at the forefront of the electronic grade phosphoric acid market in terms of revenue generation and consumption of electronic grade phosphoric acid
- The VLSI & ULSI segment is forecast to grow at a robust CAGR over the forecast period. Its market value is expected to grow over 2.1X between 2018 and 2028
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Global Electronic Grade Phosphoric Acid Market Regional Forecast
East Asia accounts for a 35% revenue share in the overall electronic grade phosphoric acid market. The overall electronic grade phosphoric acid market is expected to grow with a 7.8% Compound Annual Growth Rate while regions such as North America, South Asia and East Asia are expected to grow at a higher pace, owing to the growing demand in these regions.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Electronic Grade Phosphoric Acid Market Manufacturers
Electronic Grade Phosphoric Acid Market Distributors/Traders/Wholesalers
Electronic Grade Phosphoric Acid Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Electronic Grade Phosphoric Acid Market – Report Highlights
- A detailed overview of parent market of Electronic Grade Phosphoric Acid Market
- Changing Electronic Grade Phosphoric Acid Market dynamics in the industry
- In-depth segmentation of the Electronic Grade Phosphoric Acid Market
- Historical, current, and projected Electronic Grade Phosphoric Acid Market size regarding volume and value
- Recent industry trends and developments in Electronic Grade Phosphoric Acid Market
- Competitive landscape of the Electronic Grade Phosphoric Acid Market
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on Electronic Grade Phosphoric Acid Market performance
- Must-have information for Electronic Grade Phosphoric Acid Market players to sustain and enhance their market footprint
Key Questions Answered in the Electronic Grade Phosphoric Acid Market Report
How is the Electronic Grade Phosphoric Acid Market expected to grow over the projected period?
What direction is the Electronic Grade Phosphoric Acid Market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the Electronic Grade Phosphoric Acid Market in future?
What are the key market drivers in the Electronic Grade Phosphoric Acid Market?
What are significant opportunities and improvement areas for Electronic Grade Phosphoric Acid Market manufacturers?
What are the key developments and trends taking over the Electronic Grade Phosphoric Acid Market?
Which are the emerging countries that are expected to create significant growth opportunities in the Electronic Grade Phosphoric Acid Market?
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