Electronic Grade Phosphoric Acid Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031

Description

The electronic grade phosphoric acid market, crucial for the electronics and microelectronics industries, is experiencing substantial growth. This market is integral to the production of semiconductors, thin film liquid crystal display (LCD) panels, and large-scale integrated circuits (VLSI and ULSI). Initially valued in the hundreds of millions, it is projected to surpass two billion in the coming years, reflecting a robust compound annual growth rate (CAGR) of nearly eight percent.

Market Insights

Electronic grade phosphoric acid is primarily categorized into two types: >80% purity and <80% purity. Historically, <80% purity has dominated the market; however, there is a significant shift toward the adoption of >80% high-purity grades. This transition is driven by the growing demand for high-quality materials in semiconductor manufacturing, particularly for wafer etching and cleaning processes. At the same time, <80% purity electronic grade phosphoric acid remains widely utilized in the cleaning of LCD panels, which are witnessing increased global production.

Drivers of Growth

Several key factors are driving the demand for electronic grade phosphoric acid. The semiconductor segment is anticipated to hold a prominent market share due to its critical applications in cleaning and etching. As the semiconductor industry continues to expand and evolve, the need for high-purity phosphoric acid also rises. Additionally, the growth in electronic device production and ongoing technological advancements further stimulate the demand for high-quality materials to enhance performance and efficiency.

Business Opportunities

The electronic grade phosphoric acid market presents significant business opportunities, with considerable potential for incremental growth. Companies are increasingly adopting brownfield investment strategies to expand their market share and reduce competition. Notable acquisitions, such as Merck KGaA's purchase of Sigma-Aldrich and Avantor, Inc.'s acquisition of VWR Corporation, underscore the ongoing consolidation within the industry. Furthermore, backward integration models adopted by key players like Israel Chemicals Limited and Cabot Microelectronics Corporation enable them to effectively manage manufacturing costs while maintaining high product quality.

Regional Analysis

East Asia is expected to emerge as a leading region for the consumption of electronic grade phosphoric acid, driven by a strong presence of electronic component manufacturers. North America and Europe, recognized for their technological advancements, collectively account for over 35% of the market share, with a growing preference for >80% purity electronic grade phosphoric acid. In contrast, developing countries in South Asia are projected to experience higher growth rates, fueled by favorable business environments and improved ease of doing business indices, making them attractive markets for investment.

Challenges Ahead

Despite the promising outlook, the market faces several challenges. The production of electronic grade phosphoric acid heavily relies on phosphate rock mining, which is strictly regulated by environmental and governmental authorities. This regulatory scrutiny can hinder consistent production and may create supply-demand imbalances in the future, posing challenges for market participants.

Key Players

The electronic grade phosphoric acid market features a moderately consolidated landscape, with several key players driving innovation and growth. Notable companies include Solvay SA, Arkema S.A., OCI Company Ltd, Israel Chemicals Ltd., Cabot Microelectronics Corporation, Merck KGaA, RIN KAGAKU KOGYO Co., Ltd., Taiwan Maxwave Co., Ltd., Asia Union Electronic Chemical Corp, SEMIAC Electronic Chemicals Co., Ltd., and Avantor, Inc. These companies are strategically positioned to capitalize on emerging opportunities through organic growth strategies, partnerships, and acquisitions.

Electronic Grade Phosphoric Acid Market: Segmentation

By Grade:

<80% Purity
80% Purity

By Application:

Semiconductor
Liquid Crystal Display (LCD)
VLSI & ULSI
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 and Volume, 2024
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. Price Analysis, 2019 - 2023

3.1. Global Average Price Analysis by Grade, 2019 - 2023
3.2. Prominent Factor Affecting Electronic Grade Phosphoric Acid Prices
3.3. Global Average Price Analysis by Region

4. Global Electronic Grade Phosphoric Acid Market Outlook, 2019 - 2031

4.1. Global Electronic Grade Phosphoric Acid Market Outlook, by Grade, Value (US$ Bn) and Volume (KT), 2019 - 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, Value (US$ Bn) and Volume (KT), 2019 - 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, Value (US$ Bn) and Volume (KT), 2019 - 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, 2019 - 2031

5.1. North America Electronic Grade Phosphoric Acid Market Outlook, by Grade, Value (US$ Bn) and Volume (KT), 2019 - 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, Value (US$ Bn) and Volume (KT), 2019 - 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. Attractiveness Analysis
5.3. North America Electronic Grade Phosphoric Acid Market Outlook, by Country, Value (US$ Bn) and Volume (KT), 2019 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. U.S. Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 5.3.1.2. U.S. Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 5.3.1.3. Canada Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 5.3.1.4. Canada Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031

6. Europe Electronic Grade Phosphoric Acid Market Outlook, 2019 - 2031

6.1. Europe Electronic Grade Phosphoric Acid Market Outlook, by Grade, Value (US$ Bn) and Volume (KT), 2019 - 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, Value (US$ Bn) and Volume (KT), 2019 - 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. Attractiveness Analysis
6.3. Europe Electronic Grade Phosphoric Acid Market Outlook, by Country, Value (US$ Bn) and Volume (KT), 2019 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. Germany Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 6.3.1.2. Germany Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 6.3.1.3. U.K. Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 6.3.1.4. U.K. Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 6.3.1.5. France Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 6.3.1.6. France Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 6.3.1.7. Italy Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 6.3.1.8. Italy Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 6.3.1.9. Turkey Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 6.3.1.10. Turkey Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 6.3.1.11. Russia Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 6.3.1.12. Russia Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 6.3.1.13. Rest of Europe Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 6.3.1.14. Rest of Europe Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031

7. Asia Pacific Electronic Grade Phosphoric Acid Market Outlook, 2019 - 2031

7.1. Asia Pacific Electronic Grade Phosphoric Acid Market Outlook, by Grade, Value (US$ Bn) and Volume (KT), 2019 - 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, Value (US$ Bn) and Volume (KT), 2019 - 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. Attractiveness Analysis
7.3. Asia Pacific Electronic Grade Phosphoric Acid Market Outlook, by Country, Value (US$ Bn) and Volume (KT), 2019 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. China Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 7.3.1.2. China Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 7.3.1.3. Japan Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 7.3.1.4. Japan Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 7.3.1.5. South Korea Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 7.3.1.6. South Korea Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 7.3.1.7. India Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 7.3.1.8. India Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 7.3.1.9. Southeast Asia Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 7.3.1.10. Southeast Asia Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 7.3.1.11. Rest of Asia Pacific Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 7.3.1.12. Rest of Asia Pacific Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031

8. Latin America Electronic Grade Phosphoric Acid Market Outlook, 2019 - 2031

8.1. Latin America Electronic Grade Phosphoric Acid Market Outlook, by Grade, Value (US$ Bn) and Volume (KT), 2019 - 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, Value (US$ Bn) and Volume (KT), 2019 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Semiconductor
  - 8.2.1.2. Liquid Crystal Display (LCD)
  - 8.2.1.3. VLSI & ULSI
  - 8.2.1.4. Others
  - 8.2.1.5. Attractiveness Analysis
8.3. Latin America Electronic Grade Phosphoric Acid Market Outlook, by Country, Value (US$ Bn) and Volume (KT), 2019 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. Brazil Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 8.3.1.2. Brazil Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 8.3.1.3. Mexico Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 8.3.1.4. Mexico Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 8.3.1.5. Argentina Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 8.3.1.6. Argentina Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 8.3.1.7. Rest of Latin America Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 8.3.1.8. Rest of Latin America Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031

9. Middle East & Africa Electronic Grade Phosphoric Acid Market Outlook, 2019 - 2031

9.1. Middle East & Africa Electronic Grade Phosphoric Acid Market Outlook, by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031
9.2. Middle East & Africa Electronic Grade Phosphoric Acid Market Outlook, by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031
- 9.2.2. Attractiveness Analysis
9.3. Middle East & Africa Electronic Grade Phosphoric Acid Market Outlook, by Country, Value (US$ Bn) and Volume (KT), 2019 - 2031
- 9.3.1. Key Highlights
  - 9.3.1.1. GCC Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 9.3.1.2. GCC Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 9.3.1.3. South Africa Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 9.3.1.4. South Africa Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 9.3.1.5. Egypt Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 9.3.1.6. Egypt Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 9.3.1.7. Nigeria Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 9.3.1.8. Nigeria Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 9.3.1.9. Rest of Middle East & Africa Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031
  - 9.3.1.10. Rest of Middle East & Africa Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031

10. Competitive Landscape

10.1. By Tire Type vs by Application Heatmap
10.2. Company Market Share Analysis, 2024
10.3. Competitive Dashboard
10.4. Company Profiles
- 10.4.1. Continental Group
  - 10.4.1.1. Company Overview
  - 10.4.1.2. Product Portfolio
  - 10.4.1.3. Financial Overview
  - 10.4.1.4. Business Strategies and Development
- 10.4.2. Cooper & Rubber Company
  - 10.4.2.1. Company Overview
  - 10.4.2.2. Product Portfolio
  - 10.4.2.3. Financial Overview
  - 10.4.2.4. Business Strategies and Development
- 10.4.3. Hankook Co. Ltd.,
  - 10.4.3.1. Company Overview
  - 10.4.3.2. Product Portfolio
  - 10.4.3.3. Financial Overview
  - 10.4.3.4. Business Strategies and Development
- 10.4.4. Goodyear & Rubber Company
  - 10.4.4.1. Company Overview
  - 10.4.4.2. Product Portfolio
  - 10.4.4.3. Financial Overview
  - 10.4.4.4. Business Strategies and Development
- 10.4.5. Michelin Group,
  - 10.4.5.1. Company Overview
  - 10.4.5.2. Product Portfolio
  - 10.4.5.3. Financial Overview
  - 10.4.5.4. Business Strategies and Development
- 10.4.6. Pirelli
  - 10.4.6.1. Company Overview
  - 10.4.6.2. Product Portfolio
  - 10.4.6.3. Financial Overview
  - 10.4.6.4. Business Strategies and Development
- 10.4.7. Sumitomo Rubber Industries Ltd.,
  - 10.4.7.1. Company Overview
  - 10.4.7.2. Product Portfolio
  - 10.4.7.3. Financial Overview
  - 10.4.7.4. Business Strategies and Development
- 10.4.8. The Bridgestone Group
  - 10.4.8.1. Company Overview
  - 10.4.8.2. Product Portfolio
  - 10.4.8.3. Financial Overview
  - 10.4.8.4. Business Strategies and Development

11. Appendix

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