Electronic Grade Nitric Acid Market Forecast 2025-2034: Key Trends, Growth Opportunities, and Revenue Outlook

Electronic Grade Nitric Acid Market

Polaris Market Research has recently published its latest research report titled, "Electronic Grade Nitric Acid Market Size, Share, & Industry Analysis Report: By Type (EL Grade, VL Grade, UL Grade, and SL Grade), By Application, and By Region - Market Forecast, 2025-2034."

The report analyzes the market for electronic grade nitric acid is projected to register a CAGR of 5.2% during 2025-2034. The market was valued at USD 86.51 billion in 2024 and is projected to grow to USD 143.08 billion by 2034.

Market Introduction

Electronic grade nitric acid is a highly purified form of nitric acid used primarily in the electronics and semiconductor industries. Its formulation ensures extremely low levels of impurities such as metals, organic compounds, and particulate matter. This is because even trace contaminants can have an adverse effect on the manufacturing process of sensitive electronic components. Electronic grade nitric acid is commonly used in the cleaning, etching, and chemical mechanical polishing (CMP) of silicon wafers and other semiconductor substrates. Its use contributes to enhancing the reliability, efficiency, and miniaturization of electronic devices.

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Market Dynamics

Increasing Investments in Renewable Energy Projects Globally: Governments globally are making significant investments in energy projects, resulting in increased manufacturing of high-efficiency solar panels. Producers of solar cells rely on electronic-grade nitric acid for various critical processes, including wafer texturing, doping, and surface cleaning. Thus, as renewable energy investments expand, the electronic grade nitric acid market demand continues to rise.

Growing Adoption of Electric Vehicles (EVs): EVs rely on a wide array of microchips for the operation of various systems, including battery management systems, power inverters, onboard chargers, thermal controls, and infotainment systems. These chips must meet stringent performance and reliability standards, especially in high voltage and thermal conditions typical in electric drivetrains. This adoption of microchips in EVs is fueling the need for electronic-grade nitric acid to ensure defect-free fabrication processes.

Market Key Players

The electronic grade nitric acid market is characterized by the presence of several global and regional players. These market participants focus on strengthening their market position through several strategic initiatives. A few of the key market players are:

• Asia Union Electronic Chemicals
• BASF
• Columbus Chemicals
• EuroChem
• Everest Kanto Cylinder
• Juhua Group
• KMG Electronic Chemicals
• Mitsubishi Chemical Corporation
• Suzhou Crystal Clear Chemical Co., Ltd.
• thyssenkrupp Uhde
• UBE Corporation

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Electronic Grade Nitric Acid Market Report Highlights

o In terms of type, the EL grade segment dominated the electronic grade nitric acid market share in 2024 due to its widespread use in semiconductor manufacturing processes such as wafer cleaning, etching, and doping.
o Based on application, the semiconductor segment accounted for a major market share in 2024 due to the critical role high-purity nitric acid plays in integrated circuit manufacturing.
o The solar energy segment is expected to grow at a robust pace in the coming years, owing to the growing shift toward renewable energy sources, where high-purity nitric acid is essential for producing high-efficiency solar cells.
o In 2024, Asia Pacific dominated the market share due to its strong presence in the global semiconductor and electronics manufacturing industries.
o The market in North America is expected to grow at a robust pace in the coming years, owing to the ongoing strategic efforts to strengthen domestic semiconductor production.
o The Europe electronic grade nitric acid market is expected to hold a substantial market share in the coming years, owing to the established base of specialty chemical manufacturers and growing investments in semiconductor and electronics production.

Market Segmentation

By Type Outlook (Revenue, USD Billion, 2020-2034)
• EL Grade
• VL Grade
• UL Grade
• SL Grade

By Application Outlook (Revenue, USD Billion, 2020-2034)
• Semiconductor
• Solar Energy
• LCD Panel
• Others

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Regional Analysis

By region, the industry report provides insight into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Asia Pacific led the global market in 2024, driven by its strong presence in the global semiconductor and electronics manufacturing industries. In addition, the rising adoption of EVs and smart technologies has fueled the demand for high-performance electronic components, thereby contributing to regional market dominance.

North America is projected to project to grow at a robust pace in the coming years, driven by its ongoing strategic efforts to strengthen domestic semiconductor production.

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