Ultra-Pure Sulfuric Acid Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.00 % |
| Fastest Growing Market | North America |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Ultra-Pure Sulfuric Acid Market Analysis
The market forultra-pure sulfuric acidis expected to grow at a CAGR of about3%globallyduringthe forecast period. Major factors driving the market studied
increasing demand from semiconductor industry and growing application in pharmaceutical industry. On the flip side, stringent environmental regulations is expected to hinder the growth of market.
- Ultra-Pure Sulfuric Acid market is expected to grow during the forecast period owing to increasing application in Electrical & Electronics Industry across the globe.
- Asia-Pacific region dominated the market across the globe with the largest consumption from the countries such as India, China and Japan
Ultra-Pure Sulfuric Acid Market Trends
This section covers the major market trends shaping the Ultra-Pure Sulfuric Acid Market according to our research experts:
Increasing Application in Electrical & Electronics Industry
- Sulfuric acid,also calledoil of vitriol, orhydrogen sulfate is dense, colorless, oily, corrosiveliquid, one of the most important of all chemicals, prepared industrially by thereactionofwaterwith sulfur trioxide. Ultra-pure sulfuric acid refers to the high concentration ranging about 98%.
- In electrical & electronics industry ultra-pure sulfuric acid is used in various concentrations during the manufacturing of printed circuit boards, as an etching agent for the production of semi-conductors, cleaning agent and others.
- According to the Semiconductor Industry Association (SIA), the worldwide sales of semiconductors reached a total of USD 36.6 billion for the month of October 2019, an increase of about 2.9% from the September month's total sales of USD 35.6 billion.
- According to World Semiconductor Trade Statistics (WSTS), it is estimated that theannual global sales of semiconductors is expected to increase by 5.4% in 2020, 6.3% in 2021, hence increasing the scope for this market during the coming years.
- Hence, owing to the growing applications in electrical & electronics industry especially in Asia-Pacific and North American countries, the demand for ultra-pure sulfuric acid is expected to increase over the forecast period.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific region is expected to dominate the market forultra-pure sulfuric acid during the forecast period. Due to the high demand application from countries like China, India and Japan the market forultra-pure sulfuric acid has been increasing.
- The largest producers of ultra-pure sulfuric acid are located in Asia-Pacific region. Some of the leading companies in the production of ultra-pure sulfuric acid are INEOS Group, BASF SE, KMG Chemicals, KANTO KAGAKU, PVS Chemicals.
- Chinese pharmaceutical industry which is valued at about ~USD 145 billion currently, represents the biggest emerging market with growth tipped to reach about ~USD 200 billion by 2022, thus increasing the scope of the market.
- India's total pharmaceutical production reported a 11% growth during the first quarter of FY'19 and reached a total of about ~USD 5 billion. During the same time, the pharma exports witnessed a 21.7% growth and reached a total of about ~USD 1.72 billion.
- Ultra-pure sulfuric acid is also used in pharmaceutical industry, automotive industry and many other industries where it has wide range of applications
- The Chinese government has introduced 'Made in China 2025' policy to increase the nation's self-sufficiency in integrated circuits production to 40% in 2020 and 70% by 2025.
- Ultra-pure sulfuric acid is one of the most popular types of wet chemicals used in the electronics industry. The aforementioned factors, coupled with government support, are contributing to the increasing demand for ultra-pure sulfuric acid during the forecast period.
Ultra-Pure Sulfuric Acid Industry Overview
The global ultra-pure sulfuric acid market is fragmented with players accounting for a marginal share of the market. Few companies include INEOS Group, BASF SE, KMG Chemicals, KANTO KAGAKU, PVS Chemicals
Ultra-Pure Sulfuric Acid Market Leaders
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INEOS Group
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BASF SE
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KMG Chemicals
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KANTO KAGAKU
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PVS Chemicals
*Disclaimer: Major Players sorted in no particular order
Ultra-Pure Sulfuric Acid Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
-
4.1 Drivers
- 4.1.1 Increasing Demand from Semiconductor Industry
- 4.1.2 Growing Application in Pharmaceutical Industry
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4.2 Restraints
- 4.2.1 Stringent Environmental Regulations
- 4.2.2 Other Restraints
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Degree of Competition
- 4.5 Technological Snapshot
5. MARKET SEGMENTATION
-
5.1 Acid Grade
- 5.1.1 Parts Per Trillion (PPT)
- 5.1.2 Parts Per Billion (PPB)
-
5.2 Application
- 5.2.1 Cleaning
- 5.2.2 Etching
- 5.2.3 Reagent
- 5.2.4 Others
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5.3 End-user Industry
- 5.3.1 Electrical & Electronics
- 5.3.2 Pharmaceuticals
- 5.3.3 Automotive
- 5.3.4 Others
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5.4 Geography
- 5.4.1 Asia-Pacific
- 5.4.1.1 China
- 5.4.1.2 India
- 5.4.1.3 Japan
- 5.4.1.4 South Korea
- 5.4.1.5 Rest of Asia-Pacific
- 5.4.2 North America
- 5.4.2.1 United States
- 5.4.2.2 Canada
- 5.4.2.3 Mexico
- 5.4.3 Europe
- 5.4.3.1 Germany
- 5.4.3.2 United Kingdom
- 5.4.3.3 France
- 5.4.3.4 Italy
- 5.4.3.5 Rest of Europe
- 5.4.4 South America
- 5.4.4.1 Brazil
- 5.4.4.2 Argentina
- 5.4.4.3 Rest of South America
- 5.4.5 Middle-East and Africa
- 5.4.5.1 Saudi Arabia
- 5.4.5.2 South Africa
- 5.4.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share/Ranking Analysis**
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 Aurubis AG
- 6.4.2 BASF SE
- 6.4.3 Boliden Group
- 6.4.4 Chemtrade
- 6.4.5 INEOS Group
- 6.4.6 KANTO KAGAKU
- 6.4.7 KMG Chemicals
- 6.4.8 Nouryon
- 6.4.9 PVS Chemicals
- 6.4.10 Trident Group
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Development of Recyling Technology to Reuse Sulfuric Acid
Ultra-Pure Sulfuric Acid Industry Segmentation
The Ultra-Pure Sulfuric Acid Market report include:
| Acid Grade | Parts Per Trillion (PPT) | |
| Parts Per Billion (PPB) | ||
| Application | Cleaning | |
| Etching | ||
| Reagent | ||
| Others | ||
| End-user Industry | Electrical & Electronics | |
| Pharmaceuticals | ||
| Automotive | ||
| Others | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Ultra-Pure Sulfuric Acid Market Research FAQs
What is the current Ultra-Pure Sulfuric Acid Market size?
The Ultra-Pure Sulfuric Acid Market is projected to register a CAGR of less than 3% during the forecast period (2024-2029)
Who are the key players in Ultra-Pure Sulfuric Acid Market?
INEOS Group , BASF SE , KMG Chemicals , KANTO KAGAKU and PVS Chemicals are the major companies operating in the Ultra-Pure Sulfuric Acid Market.
Which is the fastest growing region in Ultra-Pure Sulfuric Acid Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Ultra-Pure Sulfuric Acid Market?
In 2024, the Asia Pacific accounts for the largest market share in Ultra-Pure Sulfuric Acid Market.
What years does this Ultra-Pure Sulfuric Acid Market cover?
The report covers the Ultra-Pure Sulfuric Acid Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Ultra-Pure Sulfuric Acid Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Pure Sulfuric Acid Industry Report
Statistics for the 2024 Pure Sulfuric Acid market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Pure Sulfuric Acid analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
