PUBLISHER: Grand View Research | PRODUCT CODE: 1575085
PUBLISHER: Grand View Research | PRODUCT CODE: 1575085
The global electronic grade nitric acid market size was estimated at USD 83.6 million in 2023 and is expected to grow at a CAGR of 5.4% from 2024 to 2030.The growth of the global market for electronic grade nitric acid is primarily driven by the increasing demand for electronic devices worldwide. This acid is crucial in the cleaning and etching processes during semiconductor manufacturing, which is essential for producing high-performance electronics.
Electronic grade nitric acid is a highly pure form of nitric acid used in the electronics industry for cleaning and etching silicon wafers and other electronic components. It is produced through a multi-stage distillation process to achieve a purity level of 99.999% or higher. Additionally, advancements in technology and the growth of industries such as electronics and semiconductors further propel the demand for high-purity nitric acid. The expansion of the electronics sector, especially in developing countries, coupled with the trend towards miniaturization of electronic components, further fuels market growth.
Global Electronic Grade Nitric Acid Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global electronic grade nitric acid market report based on type, application, and region: