Electronic grade phosphoric acid is a high-purity phosphoric acid used in the production of electronics and microelectronics. Electronic grade phosphoric acid is primarily utilized in the production of thin film liquid crystal display panels, semiconductors and large-scale integrated circuits (VLSI and ULSI, for example). Wafer etching and cleaning applications commonly utilize electronic grade phosphoric acid. Electronic grade phosphoric acid's acidic characteristics remove contaminants from the metal surface, allowing it to be used in the electronics sector. Electronic grade phosphoric acid is primarily used in the semiconductor industry. In PV (photovoltaic) manufacturing, it can also act as a dopant. It's also used in the production of fuel cells and display panels like LCD displays for computers, smartphones, and televisions. Phosphoric acid of electronic grade is utilized in the production of high-quality electronic parts and components.
COVID-19 Impact analysis
- The worrying increase in COVID-19 instances throughout the world has harmed the electronics industry. During the pandemic, the market for electronic grade phosphoric acid slowed due to lower demand from end-use businesses, which was caused by consumers' declining buying power.
- The pandemic made a huge impact on the ecosystem, resulting in a reduction in workforce, government-imposed limitations or slowdown of supply chains, and a drop in demand for electronic devices and components, are only some of the factors that have slowed the industry's growth.
Top Impacting Factors
The electronic grade phosphoric acid market is predicted to grow considerably during the forthcoming years. Electronic grade phosphoric acid usage in cleaning applications is expected to rise rapidly over the forthcoming years, driven by the surge in demand from end-use sectors such as consumer electronics. Electronic grade phosphoric acid is also used in the fabrication of large-scale integrated circuits such as VLSI and ULSI for cleaning and as an etchant. The rise in demand for electronic grade phosphoric acid has been fueled by the requirement for pure metal sheets and particles in the manufacture of microelectronic components. The popularity of liquid crystal display (LCD) panels in mobile phones, televisions, tablets, desktops, and laptops, among other products, has been rapidly increasing. This, together with the distinct properties of electronic grade phosphoric acid, are some of the major drivers driving the growth of the electronic grade phosphoric acid market.
Market Trends
- Solvay's Performance Polyamides Business has been bought by DOMO Chemicals, a major manufacturer of high-quality engineering materials for a wide range of industries. This purchase will help DOMO Chemicals improve its nylon-based engineered materials business.
- Merck KGaA, Darmstadt, Germany, has acquired Versum Materials, Inc., a major semiconductor materials provider. Merck will be well-positioned to profit from long-term growth prospects in the electronic materials sector by purchasing Versum. Merck is also extending their Performance Materials portfolio, balancing it with three strong business sectors, and increasing their strategic focus on innovation-driven solutions.
Key Benefits of the Report
- This study presents the analytical depiction of the Electronic Grade Phosphoric Acid industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Electronic Grade Phosphoric Acid market share.
- The current market is quantitatively analyzed to highlight the Electronic Grade Phosphoric Acid market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed Electronic Grade Phosphoric Acid market analysis based on competitive intensity and how the competition will take shape in coming years
Questions answered in the Electronic Grade Phosphoric Acid Report
- Who are the leading market players active in the Electronic Grade Phosphoric Acid market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
Electronic Grade Phosphoric Acid Market Report Highlights
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