Electronic Grade Phosphoric Acid Market Report

Electronic grade phosphoric acid is a high purity phosphoric acid deployed in the electronics and microelectronics industries. It plays a key role in the manufacturing of semiconductors, large scale integrated circuits, and LCD panels. Other key applications of electronic grade phosphoric acid lies in wafer etching and cleaning. Its acidic properties wash off the impurities from the metal surface. These phosphoric acids also have to ability to serve as a dopant for photovoltaic production. These materials are further employed in the production of flash memory and flat panel display screens for electronics such as mobile phones, computers, and TVs.

The electronic grade phosphoric acid market has been witnessing a number of product innovations. One of them is phosphoric acid – electronic grade Ultrabex. It is a pure phosphoric acid manufactured with four grades comprising an iron content of varied levels to meet the requirements of the end-user industry.

Growing Demand from the Electronics Industry to Drive the Industry

Growing demand for electronic grade phosphoric acid from the electronics industry to manufacture semiconductor wafers is a key factor likely to drive the market in the near future. Widespread application of electronic grade phosphoric acid in the production of semiconductors, large scale integrated circuits, and thin film liquid crystal display panels is supporting the electronic grade phosphoric acid market growth. Electronic grade phosphoric acid offers a number of advantages including enhanced electrical performance, exceptional IC product output, and high reliability, consistency, and LCD quality, thus boosting its demand among the end-use industries.

In addition, rising usage as etchants in the manufacturing of semiconductors is positively impacting the electronic grade phosphoric acid market growth. Advancements in the electronics technology are calling for raw materials that can fulfil these high purity needs. This, in turn, is giving rise to demand for electronic grade phosphoric acid.

Key Players to Launch New Products

The key players operating in the global electronic grade phosphoric acid market are Hengxing Group, Solvay, Rasa Industries, ICL Performance Products, RIN KAGAKU KOGYO, Honeywell, Yunphos (Taixing) Chemical, Guangxi Qinzhou Capital Success PHOS-Chemical, Hubei Xingfa Chemicals Group, and Arkema. It has been observed that the key manufacturers in the market are laying stress on the development of fine phosphoric products with an aim to increase their market share as well as presence.

Lately, one of the prominent companies, Arkema launched phosphoric acid – electronic grade Superbex, which is obtained from the pure phosphoric acid with the help of a thermal process. Impurity contents are controlled while manufacturing Superbex in order to meet the requirements of the electronics industry, LCD, and photovoltaic.

Key Points to Remember

●  Growing demand from the electronics industry to act as a key driver in the global electronic grade phosphoric acid market

●  IC level to gain popularity in the market

●  Cleaning to witness substantial growth in the near future

●  Asia Pacific to emerge as a lucrative region in the global electronic grade phosphoric acid market in the forthcoming years

By Product Type

●  Panel Level

●  IC Level

●  Others

       By Application

●  Cleaning

●  Etching

●  Others

      As per the analysts, IC level product type is expected to grab a major share in the coming years. Electronic grade phosphoric acid is extensively employed in thin-film liquid crystal display, large-scale integrated circuits, and microelectronics industry. Electronic grade phosphoric acid is likely to find widespread application in cleaning and washing off the impurities from the metal surface, which makes the metal apt for use in the electronics sector. Etching is expected to gain traction in the forthcoming years.

By Region

Asia Pacific may emerge as a lucrative market in the coming years on account of presence of key companies manufacturing electronic parts and components. Developing economies and favorable conditions for emerging businesses are expected to drive the electronic grade phosphoric acid market in the region. North America and Europe are expected to capture a major share in the electronic grade phosphoric acid market owing to technological advancements and rising inclination towards electronic grade phosphoric acid.

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.