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Ultra Pure Sulfuric Acid Market Growth Accelerated By Strong Demand From Semiconductor Industry

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Pooja Khodke
Ultra Pure Sulfuric Acid Market Growth Accelerated By Strong Demand From Semiconductor Industry

Ultra pure sulfuric acid, also known as semiconductor grade sulfuric acid, is a colorless, odorless and non-combustible liquid that is widely used in the electronics industry for the manufacturing of integrated circuits and semiconductors. It is used for removing metallic impurities and inorganic contaminants from wafer surfaces during the cleaning and etching process.

The global Ultra Pure Sulfuric Acid Market is estimated to be valued at Us$ 16.65 Bn in 2024 and is expected to exhibit a CAGR Of 1.7% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.


Market key trends:


The increased demand for ultra pure sulfuric acid from the semiconductor industry has been a major factor driving the growth of this market. With the rise in demand for electronic devices globally, semiconductor manufacturers are increasingly producing more integrated circuits (ICs) and chips which has resulted in strong demand for ultra pure sulfuric acid for wafer cleaning. According to estimates, the global semiconductor industry is expected to grow at a rate of around 8% during the forecast period. This significant rise in semiconductor manufacturing volumes will require more sulfuric acid for cleaning applications and hence drive the growth of the ultra pure sulfuric acid market over the next few years.


Segment Analysis


The global ultra pure sulfuric acid market is dominated by the semiconductor sub segment. It accounts for over 40% of market share owing to its widespread usage for cleaning wafer steps for effective wafer processing. The high purity requirements of semiconductor applications drives demand for ultra pure sulfuric acid which facilitates defect free end products.


Key Takeaways


The Global Ultra Pure Sulfuric Acid Market Demand  is expected to witness high growth over the forecast period of 2023 to 2030. The global Ultra pure Sulfuric Acid Market is estimated to be valued at US$ 16.65 Bn in 2023 and is expected to exhibit a CAGR of 1.7% over the forecast period 2023 to 2030.


Regional analysis:


The Asia Pacific region currently dominates the ultra pure sulfuric acid market with a share of over 50% owing to large scale wafer fabrication in countries like China, Taiwan, South Korea and Japan. Rapid expansion of semiconductor manufacturing base is further fueling demand in the region. North America and Europe are other major consumers, although growth rates may be slower than Asia Pacific.


Key players:


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. These companies enjoy significant market share owing to their integrated manufacturing and supply chain capabilities to deliver products meeting stringent quality specifications demanded by semiconductor applications.


Get more insights on this topic : 

https://www.insightprobing.com/ultra-pure-sulfuric-acid-market-driven-by-increasing-demand-for-battery-manufacturing/


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