Electronic Grade Phosphoric Acid Market

Electronic Grade Phosphoric Acid Market Study by <80% Purity and >80% Purity for Semiconductors, Liquid Crystal Displays, and VLSI & ULSI from 2024 to 2034

Analysis of Electronic Grade Phosphoric Acid Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Electronic Grade Phosphoric Acid Market Outlook (2024 to 2034)

The global electronic grade phosphoric acid market size is projected to increase from a valuation of US$ 1.36 billion in 2024 to US$ 2.85 billion by 2034-end, expanding at 7.7% CAGR between 2024 and 2034.

Electronic grade phosphoric acid plays a critical role in the manufacturing of semiconductors, integrated circuits, and other electronic components, where stringent purity requirements are essential for optimal performance. Increasing adoption of advanced technologies such as 5G, the Internet of Things (IoT), and artificial intelligence is further propelling the demand for electronic grade phosphoric acid.

Key market players are investing in research and development to enhance the purity levels of phosphoric acid, meeting the evolving specifications of electronic manufacturing processes. The expansion of the electronics sector is driving increased demand for high-quality phosphoric acid, with Asia-Pacific occupying a dominant market share due to its robust electronics manufacturing ecosystem.

Regulatory initiatives and environmental considerations are also influencing market dynamics, driving innovations in sustainable production methods for electronic grade phosphoric acid. The market is expanding alongside the germanium semiconductor market and semiconductor etch equipment market.

Report Attributes Details
Electronic Grade Phosphoric Acid Market Size (2024E) US$ 1.36 Billion
Projected Market Value (2034F) US$ 2.85 Billion
Global Market Growth Rate (2024 to 2034) 7.7% CAGR
China Market Value (2034F) US$ 627.1 Million
Canada Market Growth Rate (2024 to 2034) 8.2% CAGR
North America Market Share (2024E) 28.6%
East Asia Market Value (2034F) US$ 1.09 Billion
Key Companies Profiled
  • OCI Company Ltd.
  • Israel Chemicals Ltd.
  • Arkema
  • Solvay
  • Rasa Industries
  • Arkema
  • ICL Performance Products Chengxing Group

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What are the Key Electronic Grade Phosphoric Acid Market Trends to Watch Out For?

“Rising Demand for Electronic Devices and Shift toward Sustainable Manufacturing Practices”

The market is characterized by several noteworthy trends. Notably, there is an increasing shift towards sustainable manufacturing practices, with industry leaders investing in technologies that reduce the ecological footprint of phosphoric acid production, aligning with worldwide sustainability objectives.

Another significant trend revolves around the heightened focus on elevating the quality and purity of electronic grade phosphoric acid, responding to the stringent requirements set by the ever-evolving electronics sector. The surge in demand for exceptionally pure phosphoric acid is closely linked to the progress in semiconductor technology and the widespread use of electronic devices.

Asia Pacific remains a crucial player in this market, boasting a robust electronics manufacturing sector. Collaborations and strategic alliances among key industry players are becoming more prevalent, leveraging synergies to expand their market footprint. Evolving regulatory frameworks governing chemical production and utilization are influencing market dynamics, prompting companies to adapt and comply with emerging standards.

What’s Restraining Electronic Grade Phosphoric Acid Sales Growth?

“Susceptibility of Electronics Sector to Economic Fluctuations and Global Uncertainties”

Sales of electronic-grade phosphoric acid are currently constrained by several essential factors in the global market. The volatility in raw material prices, particularly phosphorus, is directly influencing manufacturing costs, introducing an element of unpredictability for producers. The electronics sector’s susceptibility to economic fluctuations and global uncertainties adds to the challenges, causing fluctuations in the demand for electronic-grade phosphoric acid.

Stringent environmental regulations present hurdles for manufacturers aiming to adopt cleaner production methods while maintaining product quality. The intricate supply chain and logistics associated with delivering high-purity phosphoric acid also contribute to the complexities faced by market players.

Gradual emergence of alternative materials and processes in semiconductor manufacturing poses a competitive threat to the traditional market for electronic grade phosphoric acid. Effectively addressing these restraining factors will be essential for ensuring sustained growth and competitiveness in the evolving landscape of electronic grade phosphoric acid.

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Country Wise Insights

Fact.MR, a market research and competitive intelligence provider, through its newly published analysis, asserts that East Asia is projected to hold 38.4% share of the global market by 2034.

What is Driving Widespread use of Electronic Grade Phosphoric Acid in China?

“Government Initiatives Promoting Production of Electronic Components and Devices”

Attribute China
Market Value (2024E) US$ 281.9 Million
Growth Rate (2024 to 2034) 8.3% CAGR
Projected Value (2034F) US$ 627.1 Million

China accounts for 56.9% of the electronic grade phosphoric acid market share in East Asia in 2024. A widespread preference for electronic-grade phosphoric acid in China can be attributed to several influencing factors. China's robust electronics manufacturing sector demands high-purity chemicals for semiconductor production. Electronic-grade phosphoric acid, known for its exceptional purity and quality, aligns perfectly with the stringent requirements of the rapidly expanding Chinese electronics sector.

The country's ambitious initiatives in 5G technology, artificial intelligence, and IoT deployment are contributing to the demand for electronic components and semiconductors. The government’s initiatives to promote the production of electronic devices, coupled with investments in research and development, have also influenced market growth.

As China continues to be a global hub for electronics manufacturing, the reliable quality and performance attributes of electronic-grade phosphoric acid solidify its position as a crucial component in the production processes.

Why are Electronic Grade Phosphoric Acid Producers Investing in the United States?

“Intense Focus on Technological Innovation to Produce Cutting-Edge Electronic Components”

Attribute United States
Market Value (2024E) US$ 278.3 Million
Growth Rate (2024 to 2034) 8.2% CAGR
Projected Value (2034F) US$ 609.6 Million

Evolution of the electronics sector in the country, marked by advancements in semiconductor technology, is a primary catalyst for the heightened demand for electronic grade phosphoric acid. Electronic grade phosphoric acid market growth in the United States can be attributed to its intense focus on technological innovation to produce cutting-edge electronic components.

The United States’ commitment to fostering a robust and competitive electronics manufacturing ecosystem and significant investments in research and development coming from collaborations with research institutions, universities, and private companies are driving market growth. Stringent quality standards in the United States are contributing to the preference for high-quality electronic grade phosphoric acid, positioning it as a vital component in the nation's expanding electronic manufacturing landscape.

Category-wise Insights

Which Application Accounts for High Revenue Generation?

“LCDs Lead Product Demand Due to High Demand for High-Definition Screens”

Attribute Liquid Crystal Displays
Segment Value (2024E) US$ 427.6 Million
Growth Rate (2024 to 2034) 7.9% CAGR
Projected Value (2034F) US$ 934.8 Million

Liquid crystal displays (LCDs) hold a leading share of the market. The proliferation of electronic devices, including televisions, smartphones, and monitors, has fueled the growth of the LCD market. Electronic-grade phosphoric acid plays a pivotal role in the manufacturing process of LCDs, contributing to the enhancement of display quality and performance.

As consumer preferences lean towards high-definition screens and technological advancements in the display industry persist, demand for electronic grade phosphoric acid in LCD production continues to rise. The extensive adoption of LCD technology across various applications and industries is influencing market growth.

Know thy Competitors

Competitive landscape highlights only certain players
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Competitive Landscape

Market growth is being driven by several factors, including evolving consumer preferences, technological advancements, and global economic conditions. Key players in the electronic grade phosphoric acid market include OCI Company Ltd., Israel Chemicals Ltd., Arkema, Solvay, Rasa Industries, Arkema, ICL Performance Products, and Chengxing Group.

Companies are focusing on conducting research and development and forming collaborations to establish a competitive edge. Businesses are consistently dedicated to advancing the production techniques for electronic-grade phosphoric acid, with a focus on meeting dynamic industry requirements and securing a leading position in the market.

Key Segments of Electronic Grade Phosphoric Acid Market Research

  • By Grade :

    • <80% Purity
    • >80% Purity
  • By Application :

    • Semiconductors
    • Liquid Crystal Displays
    • VLSI & ULSI
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East and Africa

- FAQs -

How big is the electronic grade market size in 2024?

The global electronic grade phosphoric acid market is set to reach US$ 1.36 billion in 2024.

What is the projected revenue from electronic grade phosphoric acid sales for 2034?

By 2034, worldwide revenue from electronic grade phosphoric acid sales is projected to reach US$ 2.85 billion.

How fast are electronic grade phosphoric acid sales projected to increase?

Electronic grade phosphoric acid sales are forecasted to increase at 7.7% CAGR through 2034.

What is the sales forecast for electronic grade phosphoric acid in North America?

Electronic grade phosphoric acid sales in North America are forecasted to increase at 7.9% CAGR from 2024 to 2034.

At what rate is the market in East Asia projected to expand?

The East Asia market is projected to expand at a CAGR of 8.2% from 2024 to 2034.

At what rate are electronic grade phosphoric acid sales forecasted to increase in Japan?

Electronic grade phosphoric acid sales in Japan are forecasted to rise at a CAGR of 7.4% from 2024 to 2034.

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Electronic Grade Phosphoric Acid Market

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