Electronic Grade Phosphoric Acid Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region:

Description

The global electronic grade phosphoric acid market is poised for remarkable growth, with projections indicating a staggering valuation of $2.51 billion by the year 2031. A comprehensive market analysis conducted by leading research firms has revealed a robust Compound Annual Growth Rate (CAGR) of 13.7% over the forecast period.

Technological Advancements Drive Market Expansion

In the rapidly evolving landscape of electronics and microelectronics manufacturing, electronic grade phosphoric acid plays an indispensable role. Particularly noteworthy are its high-purity variants, with those exceeding 80% purity witnessing escalating demand, driven by their critical role in semiconductor production. This surge in demand is further fueled by the widespread adoption of electronic components across a spectrum of industries, including telecommunications, automotive, and consumer electronics.

Regional Dynamics: East Asia Emerges as a Key Consumer Hub

A notable shift is underway in the consumption landscape of electronic grade phosphoric acid, with East Asia emerging as a pivotal region in the global market. Renowned for its robust manufacturing ecosystem, East Asia hosts a myriad of electronic parts and components manufacturing entities, significantly contributing to the region's dominance in electronic grade phosphoric acid consumption.

The concentration of key players and cutting-edge manufacturing facilities in East Asia underscores the region's pivotal role in driving market demand. As the epicenter of technological innovation, East Asia remains at the forefront of advancements in semiconductor production and electronic component manufacturing, thereby fueling the need for high-quality electronic grade phosphoric acid.

Concurrently, technologically advanced regions such as North America and Europe are experiencing a discernible shift towards high-purity electronic grade phosphoric acid. This shift reflects an evolving industry landscape characterized by stringent quality standards and a heightened emphasis on product purity. As manufacturers in these regions strive to maintain a competitive edge in the global market, the adoption of high-purity electronic grade phosphoric acid emerges as a strategic imperative.

Strategic Acquisitions Enhance Market Competitiveness

Major players within the electronic grade phosphoric acid landscape are strategically positioning themselves for market dominance through mergers and acquisitions. Companies such as Merck KGaA and Avantor, Inc. are leveraging brownfield investment strategies to bolster their market share and global footprint. Additionally, the adoption of backward integration models by industry stalwarts like Israel Chemicals Limited and Cabot Microelectronics Corporation ensures streamlined production processes and cost efficiencies.

Environmental Regulations Pose Challenges and Opportunities

While the demand for electronic grade phosphoric acid continues to soar, the industry faces challenges stemming from stringent environmental regulations governing phosphate rock mining. The sustainable sourcing of raw materials remains a priority for manufacturers, necessitating innovative solutions to mitigate supply-demand gaps and ensure uninterrupted production cycles.

Future Outlook: Sustained Growth Trajectory

With a projected market value of $2.51 billion by 2031, the global electronic grade phosphoric acid market is poised for a transformative journey characterized by innovation and market expansion. Industry stakeholders are primed to capitalize on emerging opportunities, driven by advancements in semiconductor technology and the proliferation of electronic devices across diverse sectors.

Global Apparel Dry Wash Spray market is Segmented as Below:

By Grade:

<80%
80%

By Application:

Semiconductor
VLSI & ULSI
LCD
Others

By Region:

North America
Latin America
Europe
South Asia & Oceania
East Asia
Middle East & Africa (MEA)

1. Executive Summary

1.1. Global Electronic Grade Phosphoric Acid Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Production Output and Trade Statistics, 2018-2023

3.1. Global Electronic Grade Phosphoric Acid, Production Output, by Region, 2018 - 2023
- 3.1.1. North America
- 3.1.2. Europe
- 3.1.3. Asia Pacific
- 3.1.4. Latin America
- 3.1.5. Middle East & Africa

4. Global Electronic Grade Phosphoric Acid Market Outlook, 2018 - 2031

4.1. Global Electronic Grade Phosphoric Acid Market Outlook, by Grade, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 4.1.1. Key Highlights
  - 4.1.1.1. <80% Purity
  - 4.1.1.2. >80% Purity
4.2. Global Electronic Grade Phosphoric Acid Market Outlook, by Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 4.2.1. Key Highlights
  - 4.2.1.1. Semiconductor
  - 4.2.1.2. Liquid Crystal Display (LCD)
  - 4.2.1.3. VLSI & ULSI
  - 4.2.1.4. Others
4.3. Global Electronic Grade Phosphoric Acid Market Outlook, by Region, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 4.3.1. Key Highlights
  - 4.3.1.1. North America
  - 4.3.1.2. Europe
  - 4.3.1.3. Asia Pacific
  - 4.3.1.4. Latin America
  - 4.3.1.5. Middle East & Africa

5. North America Electronic Grade Phosphoric Acid Market Outlook, 2018 - 2031

5.1. North America Electronic Grade Phosphoric Acid Market Outlook, by Grade, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. <80% Purity
  - 5.1.1.2. >80% Purity
5.2. North America Electronic Grade Phosphoric Acid Market Outlook, by Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Semiconductor
  - 5.2.1.2. Liquid Crystal Display (LCD)
  - 5.2.1.3. VLSI & ULSI
  - 5.2.1.4. Others
- 5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. North America Electronic Grade Phosphoric Acid Market Outlook, by Country, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. U.S. Electronic Grade Phosphoric Acid Market by Grade, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 5.3.1.2. U.S. Electronic Grade Phosphoric Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 5.3.1.3. Canada Electronic Grade Phosphoric Acid Market by Grade, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 5.3.1.4. Canada Electronic Grade Phosphoric Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Europe Electronic Grade Phosphoric Acid Market Outlook, 2018 - 2031

6.1. Europe Electronic Grade Phosphoric Acid Market Outlook, by Grade, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. <80% Purity
  - 6.1.1.2. >80% Purity
6.2. Europe Electronic Grade Phosphoric Acid Market Outlook, by Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Semiconductor
  - 6.2.1.2. Liquid Crystal Display (LCD)
  - 6.2.1.3. VLSI & ULSI
  - 6.2.1.4. Others
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. Europe Electronic Grade Phosphoric Acid Market Outlook, by Country, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. Germany Electronic Grade Phosphoric Acid Market by Grade, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.2. Germany Electronic Grade Phosphoric Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.3. U.K. Electronic Grade Phosphoric Acid Market by Grade, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.4. U.K. Electronic Grade Phosphoric Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.5. France Electronic Grade Phosphoric Acid Market by Grade, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.6. France Electronic Grade Phosphoric Acid Market Grade, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.7. France Electronic Grade Phosphoric Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.8. Italy Electronic Grade Phosphoric Acid Market by Grade, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.9. Italy Electronic Grade Phosphoric Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.10. Turkey Electronic Grade Phosphoric Acid Market by Grade, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.11. Turkey Electronic Grade Phosphoric Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.12. Russia Electronic Grade Phosphoric Acid Market by Grade, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.13. Russia Electronic Grade Phosphoric Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.14. Rest of Europe Electronic Grade Phosphoric Acid Market by Grade, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.15. Rest of Europe Electronic Grade Phosphoric Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Asia Pacific Electronic Grade Phosphoric Acid Market Outlook, 2018 - 2031

7.1. Asia Pacific Electronic Grade Phosphoric Acid Market Outlook, by Grade, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. <80% Purity
  - 7.1.1.2. >80% Purity
7.2. Asia Pacific Electronic Grade Phosphoric Acid Market Outlook, by Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Semiconductor
  - 7.2.1.2. Liquid Crystal Display (LCD)
  - 7.2.1.3. VLSI & ULSI
  - 7.2.1.4. Others
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Asia Pacific Electronic Grade Phosphoric Acid Market Outlook, by Country, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. China Electronic Grade Phosphoric Acid Market by Grade, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.2. China Electronic Grade Phosphoric Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.3. Japan Electronic Grade Phosphoric Acid Market by Grade, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.4. Japan Electronic Grade Phosphoric Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.5. South Korea Electronic Grade Phosphoric Acid Market by Grade, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.6. South Korea Electronic Grade Phosphoric Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.7. India Electronic Grade Phosphoric Acid Market by Grade, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.8. India Electronic Grade Phosphoric Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.9. Southeast Asia Electronic Grade Phosphoric Acid Market by Grade, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.10. Southeast Asia Electronic Grade Phosphoric Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.11. Rest of Asia Pacific Electronic Grade Phosphoric Acid Market by Grade, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.12. Rest of Asia Pacific Electronic Grade Phosphoric Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Latin America Electronic Grade Phosphoric Acid Market Outlook, 2018 - 2031

8.1. Latin America Electronic Grade Phosphoric Acid Market Outlook, by Grade, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. <80% Purity
  - 8.1.1.2. >80% Purity
8.2. Latin America Electronic Grade Phosphoric Acid Market Outlook, by Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Latin America Electronic Grade Phosphoric Acid Market Outlook, by Country, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. Brazil Electronic Grade Phosphoric Acid Market by Grade, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.2. Brazil Electronic Grade Phosphoric Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.3. Mexico Electronic Grade Phosphoric Acid Market by Grade, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.4. Mexico Electronic Grade Phosphoric Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.5. Argentina Electronic Grade Phosphoric Acid Market by Grade, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.6. Argentina Electronic Grade Phosphoric Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.7. Rest of Latin America Electronic Grade Phosphoric Acid Market by Grade, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.8. Rest of Latin America Electronic Grade Phosphoric Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Middle East & Africa Electronic Grade Phosphoric Acid Market Outlook, 2018 - 2031

9.1. Middle East & Africa Electronic Grade Phosphoric Acid Market Outlook, by Grade, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 9.1.1. Key Highlights
  - 9.1.1.1. <80% Purity
  - 9.1.1.2. >80% Purity
9.2. Middle East & Africa Electronic Grade Phosphoric Acid Market Outlook, by Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 9.2.1. Key Highlights
  - 9.2.1.1. Semiconductor
  - 9.2.1.2. Liquid Crystal Display (LCD)
  - 9.2.1.3. VLSI & ULSI
  - 9.2.1.4. Others
- 9.2.2. BPS Analysis/Market Attractiveness Analysis
9.3. Middle East & Africa Electronic Grade Phosphoric Acid Market Outlook, by Country, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 9.3.1. Key Highlights
  - 9.3.1.1. GCC Electronic Grade Phosphoric Acid Market by Grade, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.3.1.2. GCC Electronic Grade Phosphoric Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.3.1.3. South Africa Electronic Grade Phosphoric Acid Market by Grade, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.3.1.4. South Africa Electronic Grade Phosphoric Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.3.1.5. Egypt Electronic Grade Phosphoric Acid Market by Grade, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.3.1.6. Egypt Electronic Grade Phosphoric Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.3.1.7. Nigeria Electronic Grade Phosphoric Acid Market by Grade, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.3.1.8. Nigeria Electronic Grade Phosphoric Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.3.1.9. Rest of Middle East & Africa Electronic Grade Phosphoric Acid Market by Grade, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.3.1.10. Rest of Middle East & Africa Electronic Grade Phosphoric Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 9.3.2. BPS Analysis/Market Attractiveness Analysis

10. Competitive Landscape

10.1.Source vs Application Heatmap 10.2.Manufacturer vs Application Heatmap 10.3.Company Market Share Analysis, 2022 10.4.Competitive Dashboard
10.5.Company Profiles
- 10.5.1. Arkema
  - 10.5.1.1. Company Overview
  - 10.5.1.2. Product Portfolio
  - 10.5.1.3. Financial Overview
  - 10.5.1.4. Business Strategies and Development
- 10.5.2. OCI Company Ltd
- 10.5.3. Israel Chemicals Ltd
- 10.5.4. Cabot Microelectronics Corporation
- 10.5.5. Merck KGaA
- 10.5.6. RIN KAGAKU KOGYO Co.,Ltd
- 10.5.7. Taiwan Maxwave Co., Ltd.
- 10.5.8. Asia Union Electronic Chemical Corp
- 10.5.9. Avantor, Inc.
- 10.5.10. Solvay
- 10.5.11. Rasa Industries
- 10.5.12. ICL Performance Products Chengxing Group
- 10.5.13. Honeywell
- 10.5.14. Hubei Xingfa Chemicals Group
- 10.5.15. Chengxing Group

11. Appendix

11.1.Research Methodology
11.2.Report Assumptions 11.3.Acronyms and Abbreviations

List of Region/Countries

North America
- U.S.
- Canada
Europe
- Germany
- U.K.
- France
- Italy
- Turkey
- Russia
- Rest of Europe
Asia Pacific
- China
- Japan
- South Korea
- India
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa