Electronic Grade Hydrofluoric Acid Market Report

The global electronic grade hydrofluoric acid market is likely to increase its growth with rising demand for microelectronics and semiconductors used in AI and IoT devices. Fast-paced growth of the electronics industry due to increasing demand for smartphones, computers, and other devices is expected to promise lucrative growth opportunities for companies operating in the global electronic grade hydrofluoric acid market. Players may look to further enhance customer experience and promote digital transformation of customers in the coming years. In September 2019, science and technology company Merck announced the launch of its first flagship store on Alibaba’s 1688.com to improve customer experience in China.

Important Points to Remember

●  Requirement for electronic grade hydrofluoric acid to increase with need to clean silicon wafers used in microelectronics and semiconductors

●  China to create strong demand for EL grade products in the electronic grade hydrofluoric acid market

●  Monitor panel, glass product, solar energy, and integrated circuit are among important applications of electronic grade hydrofluoric acid

●  Asia Pacific to take a leading share of the global electronic grade hydrofluoric acid market

Growth in Production of Electronic Devices to Create Robust Demand

Electronic grade hydrofluoric acid finds important application in the process of cleaning silicon wafers used in photovoltaic cells, microelectronics, and semiconductors. It also finds use in ceramic etching and glass etching in the electronic devices sector. There are more applications in which electronic grade hydrofluoric acid is used because of its ability to easily react with oxidants, bases, and acids and its role as a corrosive, reactive, and strong agent. Increasing manufacture of electronic devices such as telecommunication equipment, TVs, smartphones, and computers is anticipated to push forward the demand for electronic grade hydrofluoric acid.

Players to Take Initiatives to Increase Production and Reduce Transportation Costs

Some of the popular players operating in the global electronic grade hydrofluoric acid market are Stella Chemifa Corp, Sanmei, FDAC, Yingpeng Group, Honeywell, Shaowu Huaxin, Solvay (Zhejiang Lansol), Shaowu Fluoride, Morita, Sunlit Chemical, Jiangyin Jianghua Microelectronics Materials, Zhejiang Kaiheng Electronic Materials, Suzhou Crystal Clear Chemical, and Do-Fluoride Chemicals. Companies are anticipated to concentrate on improving their production output and reducing transportation expenses during the forecast period.

In July 2019, Solvay, a Belgian chemical company, announced its first half year 2019 results. In the first half of 2019, the company’s net sales were up +2.6% and underlying EBITDA margin remained strong at 23%. The results also showed that demand stayed strong in the performance chemicals segment and that operational excellence and higher prices supported the company’s growth in the segment.

By Product

●  EL Grade

●  UP Grade

●  UP-SS Grade

●  UP-S Grade

By Application

●  Integrated Circuit

●  Monitor Panel

●  Glass Product

●  Solar Energy

●  Others

On the basis of product, the global electronic grade hydrofluoric acid market is segmented into EL grade, UP-SS grade, UP-S grade, and UP grade. Demand for EL grade products could be high in the China electronic grade hydrofluoric acid market. The report covers key application segments of the global electronic grade hydrofluoric acid market, such as monitor panel, glass product, solar energy, integrated circuit, and others. Demand for electronic grade hydrofluoric acid is expected to increase in the electronics and semiconductor industry.

By Region       

Regionally, Asia Pacific is anticipated to secure a commanding share of the global electronic grade hydrofluoric acid market. This could be due to the move of several electronics and semiconductor companies from Europe and North America to East Asia because of the advantages of low labor prices and easy availability of raw materials. South Korea, Taiwan, Japan, and China showing aggressive growth in industrialization are predicted to support the growth of Asia Pacific in the global electronic grade hydrofluoric acid market. Heavy presence of electronic components manufacturers and OEMs in Asia Pacific could be another factor contributing to the growth of the regional market.

The chemicals and materials sector has been witnessing an exponential rise in the past few years. The industrial boom and infrastructural growth across the globe has had a positive impact on the chemical and materials industry. Chemicals are an integral part of many industries, which, over the years, have created lucrative opportunities for players. Similarly, materials are an indispensable part of myriad industries. The rise of the chemicals and materials sector has been mapped by QYR Consulting through exhaustive research reports.

Analysts have used investigative approach to deduce important elements pertinent to the industry. The reports are aimed towards giving the reader a holistic approach about the industry’s development and future scenario. Competitive landscapes have been written with in-depth analysis of the historical data and careful understanding of the management styles. QYR Consulting aims to provide the readers a guided approach towards making well-informed business decisions through its research reports.