Electronic Grade Phosphoric Acid Market Set to Surge: Key Trends & Forecasts to 2032

Introduction

Electronic grade phosphoric acid, a high-purity chemical compound, plays a pivotal role in the fabrication of semiconductors, LCD panels, and other microelectronic components. Known for its excellent etching and cleaning properties, this acid ensures the removal of impurities from metal surfaces, enabling the precise and efficient manufacture of advanced electronic devices. Its usage in applications such as VLSI (Very Large Scale Integration), ULSI (Ultra Large Scale Integration), and photovoltaic devices highlights its relevance in the rapidly evolving electronics sector.

In recent years, the market for electronic grade phosphoric acid has gained significant traction, driven by surging demand from the semiconductor and display panel manufacturing industries. As of 2018, the global market was valued at US$ 827 million and is projected to double by 2028, reaching over US$ 1.7 billion at a CAGR of 7.8%. The semiconductor segment leads market demand due to its extensive use of high-purity phosphoric acid, while East Asia stands out as the top regional market, owing to the region's dominant electronics manufacturing base.

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➤ Key Highlights from the Report

1. ➤ The global electronic grade phosphoric acid market is expected to reach over US$ 1.7 billion by 2028.
2. ➤ Market growth is projected at a robust CAGR of 7.8% from 2018 to 2028.
3. ➤ East Asia remains the leading regional market due to strong electronics production.
4. ➤ >80% purity electronic grade phosphoric acid is witnessing increased adoption.
5. ➤ Semiconductor manufacturing continues to dominate the application segment.
6. ➤ Market consolidation is occurring through acquisitions and backward integration.

Market Segmentation

The electronic grade phosphoric acid market is segmented based on product grade and application. In terms of grade, the market is bifurcated into 80% purity types. Historically, 80% purity acid is growing rapidly, primarily due to its use in semiconductor manufacturing and high-precision applications that require ultra-clean environments.

On the basis of application, the market is categorized into semiconductors, LCD displays, VLSI & ULSI circuits, and others. The semiconductor segment commands the largest market share and is expected to retain its lead, driven by global chip demand across consumer electronics, automotive electronics, and cloud computing infrastructures. LCDs also form a substantial application base, especially in Asia-Pacific, where display manufacturing hubs are concentrated.

Regional Insights

East Asia remains the most prominent consumer of electronic grade phosphoric acid, primarily due to the presence of major semiconductor and LCD panel manufacturers in countries like China, South Korea, and Taiwan. The robust electronics infrastructure and heavy investments in new fabs support consistent growth in demand.

Meanwhile, North America and Europe together account for over 35% of the global market share. These regions are shifting towards >80% purity products due to stringent manufacturing standards and growing demand for high-performance electronic components. South Asia is emerging as a fast-growing region, favored by improving industrial policies and increased foreign investments.

Market Drivers

The increasing adoption of electronic devices across consumer and industrial sectors is a primary growth driver for the electronic grade phosphoric acid market. The proliferation of smart gadgets, IoT devices, and the expansion of the global semiconductor industry are bolstering demand for ultra-pure chemicals used in chip fabrication and cleaning processes.

Market Restraints

A key challenge facing the market is the dependence on phosphate rock mining, which is strictly regulated by environmental authorities. These regulations can disrupt supply chains and create raw material shortages, affecting production continuity. Additionally, the complex and costly purification processes for achieving high-grade acid can hinder widespread adoption in cost-sensitive markets.

Market Opportunities

The rising deployment of advanced technologies such as AI, 5G, and EVs offers lucrative opportunities for electronic grade phosphoric acid. These innovations necessitate high-performance semiconductors and compact display panels, directly increasing the consumption of high-purity chemicals. Furthermore, market players investing in backward integration and regional expansion can tap into emerging markets and gain a competitive edge.

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📌 Frequently Asked Questions

1. ➤ How Big is the Electronic Grade Phosphoric Acid Market?
2. ➤ Who are the Key Players in the Global Market for Electronic Grade Phosphoric Acid?
3. ➤ What is the Projected Growth Rate of the Market?
4. ➤ What is the Market Forecast for Electronic Grade Phosphoric Acid through 2032?
5. ➤ Which Region is Estimated to Dominate the Industry through the Forecast Period?

Company Insights

✦ 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.
✦ Avantor, Inc.

■ Merck KGaA acquired Sigma-Aldrich to strengthen global reach and product portfolio.

■ Cabot Microelectronics completed the acquisition of KMG Chemicals to enhance backward integration capabilities.

Conclusion

The electronic grade phosphoric acid market is on a dynamic growth trajectory, fueled by technological advancements in electronics manufacturing. While environmental regulations and supply constraints pose challenges, the surging demand for semiconductors and high-definition displays presents strong growth avenues. With East Asia leading consumption and North America and Europe pushing for higher purity products, the global market is poised for transformative expansion. Market players that focus on integration, strategic acquisitions, and geographical diversification will likely emerge as long-term leaders in this evolving landscape.

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This release was published on openPR.