Ultra-pure acids are high purity chemicals most commonly used in the electronic industry for etching and cleaning applications of semiconductors and printed circuit boards. One of the common ultra-pure acids is sulphuric acid. It is a colorless, dense, corrosive liquid, prepared by the reaction of sulphur trioxide with water. Ultra-pure sulphuric acid is primarily divided into two grades, parts per billion (ppb) and parts per trillion (ppt). The tremendous growth of the semiconductor industry across all the regions is the major contributor to the growth of the ultra-pure acid market.
MARKET DYNAMICS
The growth of the ultra-pure acid market is directly proportional to the growth of the semiconductor industry. According to the Semiconductor Industry Association (SIA), it is reported that the global sales of semiconductors during September 2019 were USD 3- 6 billion, and it reached USD 3- 6 billion during October 201- As per World Semiconductor Trade Statistics (WSTS), it is projected that the annual worldwide sales of semiconductors are anticipated to increase by - 4% in 2020, - 3% in 2021, further expanding the growth of ultra-pure acids market. Moreover, ultra-pure hydrofluoric acid is used in cleaning and etching of integrated circuits, photovoltaic cell manufacturing, LED devices, and many others. Governments of developed and developing economies are focusing on the expansion of solar energy infrastructure. Governments are highly investing in the development of existing and new projects to enhance solar energy production due to which demand for PV panels is increased worldwide. This growing demand for PV panel is a significant factor for the growth of the ultra-pure acid market.
MARKET SCOPE
The "Global Ultra-Pure Acid Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the ultra-pure acid market with detailed market segmentation by product type, application, end user and geography. The global ultra-pure acid market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading ultra-pure acid market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global ultra-pure acid market is segmented on the basis of product type, application, and end user. On the basis of type, ultra-pure acid market is classified into sulphuric acid, hydrochloric acid, and others. On the basis of application, market is segmented into cleaning, etching, reagent, and others. On the basis of end user, market is segmented into electrical and electronics, pharmaceuticals, automotive, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global ultra-pure acid market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The ultra-pure acid market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the ultra-pure acid market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the ultra-pure acid market in these regions.
MARKET PLAYERS
The reports cover key developments in the ultra-pure acid market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from ultra-pure acid market are anticipated to lucrative growth opportunities in the future with the rising demand for organic shrimps in the global market. Below mentioned is the list of few companies engaged in the ultra-pure acid market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the ultra-pure acid market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ANALYTIKA, spol. s r.o.
- BASF SE
- Chemtrade
- INEOS Group
- KANTO KAGAKU
- KMG Chemicals
- Mitsubishi Chemical Corporation
- Moses Lake Industries
- SEASTAR CHEMICALS
- Solvay SA
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