by The ultra pure sulfuric acid market is used widely in various sectors including chemicals, metals processing, and electronics. Ultra pure sulfuric acid finds applications in cleaning electronic components due to its strong oxidizing properties. It is employed for removing organic and inorganic impurities from silicon wafers during the production of integrated circuits and semiconductors. The growing usage of electronics products globally has augmented the demand for integrated circuits, thereby driving the ultra pure sulfuric acid market.
The Global ultra pure sulfuric acid market is estimated to be valued at US$ 19.19 Mn in 2024 and is expected to exhibit a CAGR of 1.7% over the forecast period 2024 to 2030.
Ultra pure sulfuric acid, also known as electronic grade sulfuric acid, refers to sulfuric acid with exceptionally high purity levels. It contains very minimal metallic and organic impurities, with an impurity level less than 1 part per billion. Due to its high oxidative strength and purity, ultra pure sulfuric acid plays a key role in cleaning metals and removing organic residues in manufacturing processes. It is mainly employed as an oxidizing agent in cleaning electronic components such as silicon wafers, integrated circuits, and microchips. The increasing demand for electronics has propelled the production of semiconductor devices globally. This rising demand for semiconductors from various end-use industries is augmenting the ultra pure sulfuric acid market.
Key Takeaways
Key players operating in the ultra pure sulfuric acid market are ACME Printing, Cenveo Corporation, R.R. Donnelley & Sons, Vistaprint (CIM PRESS PLC), Toppan Co Limited, Transcontinental Inc., and LSC Communications US LLC. Growing demand for integrated circuits and semiconductors from the burgeoning electronics industry has elevated the consumption of ultra pure sulfuric acid. Major electronics manufacturing countries including China, South Korea, Taiwan, and Japan dominate the global market due to high production of electronic components. With rising incomes in developing nations, the demand for consumer electronics is surging rapidly. This is prompting key players in the ultra pure sulfuric acid market to expand their geographic presence through partnerships with local players.
Market key trends
One of the key trends gaining traction in the Ultra Pure Sulfuric Acid Market Growth is increasing research efforts towards developing new purification techniques. Major players are investing in R&D to devise innovative production processes that can lower contamination levels and achieve higher purity standards. Techniques such as double distillation and ion exchange are being widely deployed to remove even trace metallic impurities from sulfuric acid. Higher purity levels of 99.999999% and above are being targeted as electronics components shrink to nanoscale levels. This, along with growing collaborations between acid manufacturers and electronics wafer fabricators, is anticipated to drive the demand for ultra pure sulfuric acid over the forecast period.
Porter’s Analysis
Threat of new entrants: Low capital requirement and technology barrier allows small players to enter the market.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes like nitric acid.
Bargaining power of suppliers: Suppliers have high bargaining power due to availability of raw materials from limited sources.
Threat of new substitutes: Products like nitric acid and hydrochloric acid pose threat of substitution.
Competitive rivalry: Intense competition exists among existing players to gain market share through product differentiation.
Geographical regions
North America holds the largest share of the ultra pure sulfuric acid market owing to presence of major electronics manufacturers. Countries like United States and Canada are major consumers due to high demand from semiconductor industry.
Asia Pacific region is expected to be the fastest growing market during forecast period. Developing economies like China, India, South Korea and Taiwan are contributing significantly to the growth owing to expansion of electronics sector. Government support towards manufacturing is attracting foreign investments in these countries augmenting demand.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
