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Electronic Grade Phosphoric Acid Market is expected to reach US$ 1.7 Bn by 2028 end

01-09-2023 04:07 PM CET | Industry, Real Estate & Construction

Press release from: Persistence Market Research Pvt. Ltd

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Electronic Grade Phosphoric Acid Market

Electronic Grade Phosphoric Acid Market

Electronic Grade Phosphoric Acid Market

The global Electronic Grade Phosphoric Acid Market is anticipated to be worth US$ 827 million By the end of 2018 and it is anticipated to be worth over US$ 1.7 billion by the end of 2028, growing at a CAGR of 7.8%. From 2018 to 2028, it is predicted that the global market would give an additional potential worth US$ 930 Mn.

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This PMR study offers a ten-year analysis and forecast for the global electronic grade phosphoric acid market for the period between 2018 and 2028. The study considers 2017 as the base year with market values estimated for 2017 and a forecast developed for the duration between 2018 and 2028.
The Compound Annual Growth Rate (CAGR) has been calculated from 2018 to 2028. The study covers various perspectives of the electronic grade phosphoric acid market, including market dynamics, value chain, pricing analysis, competition analysis, regional and segmental growth comparison and macro-economic and industry growth analysis, along with segment-level projections in a comprehensive manner.

Electronic Grade Phosphoric Acid Market Segmented Phosphoric Acid Electronic Grade, food grade phosphoric acid, Electronic Grade Phosphoric Acid

Key Companies- 

• Arkema
• 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
• Avantor, Inc.
• Other

The Electronic Grade Phosphoric Acid Market is expected to grow at a healthy rate over the forecast period. Electronic grade phosphoric acid (EGPA) is an inorganic compound used as an etching solution, cleaning agent, and corrosion inhibitor for electronic components such as flat-panel displays and semiconductors. Electronic grade phosphoric acid is noncombustible and nontoxic, making it an ideal material used in various industries.

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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.

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.

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Electronic Grade Phosphoric Acid Market: Segmentation

Electronic Grade Phosphoric Acid Market By Grade

• 80% Purity

Electronic Grade Phosphoric Acid Market By Application

• Semiconductor
• Liquid Crystal Display (LCD)
• VLSI & ULSI
• Others

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About PMR - Chemicals and Materials

The Chemicals and Materials division of Persistence Market Research offers distinct and pin-point analysis about chemicals and materials industry. Chemical coverage extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites and nanotechnology in particular with special emphasis on 'green alternatives', recycling and renewable technology developments, supply-demand-trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners and government bodies for developing - 'The Way Forward'.

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