PUBLISHER: Value Market Research | PRODUCT CODE: 1547309
PUBLISHER: Value Market Research | PRODUCT CODE: 1547309
The global demand for Electronic Grade Hydrofluoric Acid Market is presumed to reach the market size of nearly USD 925.47 Million by 2032 from USD 482.31 Million in 2023 with a CAGR of 7.51% under the study period 2024-2032.
Electronic grade hydrofluoric acid is a colorless transparent solution containing hydrogen fluoride liquid and water. Its molecular formula is HF-H2O and its weight is 20.01. The relative density of this acid is somewhere between 1.15-1.18. It has strong corrosive properties and reacts with metals, metal oxides, and hydroxides. It works as an isotropic etching agent in electronic items and is used for etching glass and ceramics due to high corrosivity. It is widely used as a chip cleaner in the integrated circuit industry and also finds usage in the solar cell industry as a silicon surface cleaner. Apart from this, it acts as an industrial chemical reagent in the atomic energy sector, as an analytical reagent, and is used to make highly pure chemicals that contain fluorine.
The global electronic grade hydrofluoric acid market looks quite promising during the forecast period. The market for electronic grade hydrofluoric acid is primarily driven by the increasing production of electronic goods owing to the growing demand for electronic items such as computers with flat-screen monitors, smartphones, telecommunication equipment, and LED TVs. Increasing use of microelectronics and semiconductors in IoT and AI devices will augment the electronic grade hydrofluoric acid market as it is used for cleaning silicon wafers present in microelectronics and semiconductors. In addition, factors such as increasing demand for semiconductors in the automotive industry for manufacturing of autonomous cars and easy availability of raw materials and cheap labor in East Asia will also contribute to its market growth. However, lack of quality standards resulting in a large amount of impurities and the fact that it is considered fetal for health may restrict the growth of electronic grade hydrofluoric acid market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Electronic Grade Hydrofluoric Acid. The growth and trends of Electronic Grade Hydrofluoric Acid industry provide a holistic approach to this study.
This section of the Electronic Grade Hydrofluoric Acid market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Electronic Grade Hydrofluoric Acid market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Electronic Grade Hydrofluoric Acid market include Solvay S.A., Honeywell International Inc., Morita Chemical Industries Co. Ltd., Buss ChemTech AG, Zhejiang Sanmei Chemical Industry Co Ltd., Zhejiang Kaisn Fluorochemical Co. Ltd., Do-Fluoride Chemicals Co. Ltd., Derivados Del FluOr, Zhejiang Kaiheng Electronic Materials Co. Ltd., Fujian Shaowu Yongjing Chemical Co. Ltd., Shanghai Changhua New Energy & Technology Co. Ltd., Advance Research Chemicals Inc., KMG Chemicals Inc., Qshi Industry (Shanghai) Co. Ltd., Xinxiang Yellow River Fine Chemical Industry Co. Ltd., Stella Chemifa Corporation, Formosa Daikin Advanced Chemicals Co. Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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