Electronic Grade Sulfuric Acid Market Research Insights 2022-28
The global electronic grade sulfuric acid market size was valued at USD 380.0 million in 2021 and is poised to grow at a significant CAGR of 6.6% during the forecast period 2022-28. Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on “Electronic grade sulfuric acid Market By Grade (PPB (Parts Per Billion) and PPT (Parts Per Trillion)) - Global/Region/Country Forecast to 2028”.
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PPT (Parts Per Trillion) Dominate the Electronic grade sulfuric acid Market:
Based on Grade, PPT (Parts Per Trillion) accounted 63.2% market share and it is expected to grow with a CAGR 7.3% from 2021-2026. The segment is likely to develop at a swift pace in the future as it is a chosen grade amongst wet chemicals in the electronics industry and it is considered to be the purest grade of sulfuric acid. It is the purest grade and is used in cleaning and etching of silicon wafers in the semiconductor industry.
Strategic New Product Launches, Mergers, Acquisitions and Agreements are the key strategies adopted by market players:
Electronic grade sulfuric acid market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, In Feb 2015, BASF expanded its business by opening new facilities in Taiwan. Investment into the Taiwan market shows dedication to be closer to customers in order to provide faster and more efficient solutions that satisfy their specific needs, enabling mutual growth and success in the fast-paced, competitive global market.
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Asia Pacific leads Electronic grade sulfuric acid Market:
Asia Pacific holds the market share 46.5% in the electronic grade sulfuric acid market during the forecast period and it is expected to continue the growth in the coming years owing to growing consumer electronics industry, lower manufacturing cost and increase in the production of electronic products such as smart phones and LED and LCD.
The global electronic grade sulfuric acid market key players are BASF SE, The Linde Group, Avantor Performance Materials, Moses Lake Industries Inc., Pvs Chemicals, Inc., Trident Group, Kanto Chemical Co., Inc, Chemtrade Logistics Inc., KMG Chemicals Inc., Mitsubishi Electric Corporation, Guangming Industrial (Kuang Ming), Aurubis, Ineos Enterprises, Limited, Sigma-Aldrich Co., Asia Union Electronic Chemicals, Chung HWA Chemicals Industrial Works, Ltd., Jaingyin Jianghua Microelectronics Materials Co. Ltd and Suzhou Crystal Clear Chemical Co., Ltd.
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