Press release
Ultra Pure Sulphuric Acid Market to Witness Robust Expansion by 2025
Ultra-pure sulphuric acid has been used for applications in electronic industry in order to manufacture printed circuit boards. Thus increasing growth in the technology leads to increasing demand for ultra-pure sulphuric acid in bulk production of silicon wafers to manufacture integrated circuits and microchips to a great extent. Such chemical reagent for micro-electronic with the ongoing rapid development in electronic sector anticipates substantial growth over the forecast period. It is observed that the consumption in semiconductor industry is approximately one-third of the total ultra-pure sulphuric acid produced annually thus offers significant opportunities for the manufacturers over the forecast period.
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Although electronic industry has witnessed significant advancements in the past decade, use of ultra-pure sulphuric acid is substantial which helps in achieving significant yield in the removal of carbon deposits and inorganic residues on the silicon wafer while etching and cleaning electronic products. Thus, one big benefit and driver to ultra-pure sulphuric acid market is in meeting Level12 of chemical material, SEMI C12 standard articulated by Semiconductor Equipment and Materials Internationals.
However, lack of technological expertise in the production of ultra-pure sulphuric acid is the major obstruct for the market growth in terms of volume and eventually monetary gain. The direct distillation of raw material i.e. industrial sulphuric acid at its boiling point in order to remove impurities causes the problems of generation of acid mist resulting to pollution and its controlling measures along with the high energy consumption and high cost of operation. Therefore new manufacturing methods are required to overcome the pertaining complications and aiding to boost the ultra-pure sulphuric acid market over the forecast period.
Based on the geographic division, ultra-pure sulphuric acid market is expected to dominate in the Asia-Pacific region over the forecast period. This region is expected to be promising in ultra-pure sulphuric acid market due to high investment in new technological developments in electronic industries. Developing countries like China, Taiwan and Brazil are expected to boost the economy with the increasing demand of ultra-pure sulphuric acid in end-use industries during the forecast period.
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Regions like Europe and North America are expected to show a slight maturity in ultra-pure sulphuric acid market that results to incline towards the strategic capacity expansion in emerging market in the coming future.
Asia-Pacific is expected to dominate the ultra-pure sulphuric acid market with major developments witnessed in electronic core nations like South Korea, Japan and China. Thus it is anticipated to show a good scope for consumption of ultra-pure sulphuric acid market in this region over the forecast period. Such growth is attributed to the rise of production capacity and escalating demand for electronic devices. This will give progressive opportunities for ultra-pure sulphuric acid market. Rise in industrialization and Urbanization in ASEAN and Middle East Countries will promote the demand for ultra-pure sulphuric acid hence holds significant share in ultra-pure sulphuric acid market.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
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