Global Electronic Grade Phosphoric Acid Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Electronic Grade Phosphoric Acid Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Phosphoric acid, electronic grade 85%, is an inorganic acid, also known as orthophosphoric acid. Phosphoric acid is a common wet etchant in compound semiconductor processes: for example, it is used in combination with hydrogen peroxide and water to etch InGaAs that is selective for InP.

Market Overview:

The latest research study on the global Electronic Grade Phosphoric Acid market finds that the global Electronic Grade Phosphoric Acid market reached a value of USD 1110.69 million in 2022. It’s expected that the market will achieve USD 1637.05 million by 2028, exhibiting a CAGR of 6.68% during the forecast period.

Raw material restrictions

The production of electronic grade phosphoric acid is limited by raw materials. The mining of phosphorous ore and the production of phosphoric acid are restricted by the tightening of environmental protection policies, and there are some fluctuations in prices. Restrictions on raw materials and price fluctuations may affect the production of electronic grade phosphoric acid.

Increased demand for electronics and semiconductor applications

In recent years, emerging applications such as cloud computing, the Internet of Things, and artificial intelligence have entered a stage of rapid development. The rapid development of emerging application areas has continued to increase the demand for high-end integrated circuits, power devices, radio frequency devices and other products, while also driving innovation in chip technologies such as sensors, connection chips, and dedicated SoCs. With the popularization of new fields and new applications and the development of emerging markets, the future market prospects of the semiconductor and electronics industry are optimistic. The expansion of downstream markets will drive sales of electronic grade phosphoric acid products.

Product improvements and updates

Electronic grade phosphoric acid belongs to high-purity phosphoric acid and is widely used in microelectronics industries such as large-scale integrated circuits, thin film liquid crystal displays (TFT-1XD), etc. It is mainly used for chip cleaning and etching, and its purity and cleanliness affect the yield of electronic components. , Electrical conductivity and reliability have a great impact. Therefore, manufacturers of electronic grade phosphoric acid products need to continuously improve the production process to improve product quality and meet the high requirements of customers.

Region Overview:

In 2022, the share of the Electronic Grade Phosphoric Acid market in China stood at 25.89%.

Company Overview:

Hubei Xingfa Chemicals Group is one of the major players operating in the Electronic Grade Phosphoric Acid market, holding a share of 9.51% in 2023.

Hubei Xingfa Chemicals Group

Hubei Xingfa Chemical Group Co., Ltd. was established in 1994. It is a listed company whose main business is the development, production and sales of phosphorus chemical products and fine chemical products.

Rasa Industrie

RASA Industries is a chemical manufacturer in Japan. Participating industries include chemical fertilizers, non-ferrous metal refining, charcoal mining, sulfuric acid manufacturing, and mining machinery manufacturing industries.

Segmentation Overview:

By type, Panel Level segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Cleaning segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Electronic Grade Phosphoric Acid market covered in Chapter 3:

ICL Performance Products
Rin Kagaku Kogyo Co.
OCI
Guangxi Qinzhou Capital Success PHOS-Chemical
Solvay
Yunphos (Taixing) Chemical
Rasa Industries
Arkema
kmg Chemicals
Hubei Xingfa Chemicals Group
Honeywell

In Chapter 4 and Chapter 14.2, on the basis of types, the Electronic Grade Phosphoric Acid market from 2018 to 2029 is primarily split into:

Panel Level
IC Level
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Electronic Grade Phosphoric Acid market from 2018 to 2029 covers:

Cleaning
Etching
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)