Market Overview:
The global electronic grade nitric acid market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for semiconductors and solar energy across the globe. Additionally, the growing LCD panel industry is also expected to fuel the demand for electronic grade nitric acid in the coming years. Based on type, EL grade held a major share of the global electronic grade nitric acid market in 2017 and is projected to maintain its dominance during the forecast period. This can be attributed to its high purity levels and suitability for use in various applications such as semiconductor, solar energy, LCD panel, and others.
Product Definition:
Electronic grade nitric acid is a higher quality than standard grade nitric acid. It is used in the manufacture of semiconductors and other electronic components.
EL Grade:
EL grade is used for the production of various chemicals such as nitric acid, sulfuric acid, and fumaric acid. Nitric acid is a colorless liquid with a pungent odor similar to ammonia. It dissolves in water easily and forms an ammonium solution which has fertilizing properties.
VL Grade:
VL grade is used for the production of electronic grade nitric acid. Electronic grade nitric acid is a colorless, highly corrosive liquid with a pungent odor. It has high thermal stability and decomposition temperature which makes it suitable to be used in semiconductor devices manufacturing processes.
The global VL-grade market size was valued at USD 1,37,500 thousand in 2016.
Application Insights:
The others application segment accounted for the largest revenue share of over 30% in 2017. The segment includes food processing, water treatment, pulp and paper, and pharmaceuticals among other applications. In the semiconductor industry, it is used as a source material for manufacturing electronic devices such as chipsets and integrated circuits. It is also used in various nitric acid-based processes such as aniline production which are integral to chip production including etchants cleaning using aqua regia (nitric acid solution) wash followed by dry cleaning using high purity grade of nitric acid or concentrated hydrofluoric acid solution.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is anticipated to continue its dominance over the forecast period. The region has a large number of electronic grade nitric acid manufacturers, which can be attributed to rapid industrialization and increasing demand for consumer electronics products. China, India, Japan, South Korea are some of the major countries that have witnessed high growth in recent years owing to rising demand from end-use industries such as solar energy & LCD manufacturing.
Europe is expected to witness significant growth over the forecast period owing to stringent government regulations regarding environmental protection coupled with growing investments by domestic manufacturers in R&D activities relatedto EGN production for use across various end-use industries such as semiconductors & LEDs manufacturing and solar energy generation. Germany emerged as one ofthe major producersof electronic grade nitric acid on account of technological advancements made by local players coupled with increased foreign direct investment (FDI).
Growth Factors:
- Increasing demand for semiconductors and electronic devices
- Growing number of electronics manufacturing facilities across the globe
- Rising adoption of nitric acid in various end-use industries
- Technological advancements in nitric acid production process
- Stringent environmental regulations governing the use of chemicals and pollutants
Scope Of The Report
Report Attributes
Report Details
Report Title
Electronic Grade Nitric Acid Market Research Report
By Type
EL Grade, VL Grade, UL Grade, SL Grade
By Application
Semiconductor, Solar Energy, LCD Panel, Others
By Companies
Mitsubishi Chemical, Kanto, BASF, Columbus Chemicals, UBE, Detrex Chemicals, T. N. C. Industrial, KMG Electronic Chemicals, EuroChem, Asia Union Electronic Chemicals, Juhua Group, Jianghua Microelectronics Materials, Suzhou Crystal Clear Chemical, Runma Chemical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Electronic Grade Nitric Acid Market Report Segments:
The global Electronic Grade Nitric Acid market is segmented on the basis of:
Types
EL Grade, VL Grade, UL Grade, SL Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Semiconductor, Solar Energy, LCD Panel, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Mitsubishi Chemical
- Kanto
- BASF
- Columbus Chemicals
- UBE
- Detrex Chemicals
- T. N. C. Industrial
- KMG Electronic Chemicals
- EuroChem
- Asia Union Electronic Chemicals
- Juhua Group
- Jianghua Microelectronics Materials
- Suzhou Crystal Clear Chemical
- Runma Chemical
Highlights of The Electronic Grade Nitric Acid Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- EL Grade
- VL Grade
- UL Grade
- SL Grade
- By Application:
- Semiconductor
- Solar Energy
- LCD Panel
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electronic Grade Nitric Acid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electronic grade nitric acid is a concentrated, colorless liquid that is used in industrial and laboratory settings. It is a powerful oxidizing agent that can be used to break down materials such as plastics, rubber, and metal.
Some of the major companies in the electronic grade nitric acid market are Mitsubishi Chemical, Kanto, BASF, Columbus Chemicals, UBE, Detrex Chemicals, T. N. C. Industrial, KMG Electronic Chemicals, EuroChem, Asia Union Electronic Chemicals, Juhua Group, Jianghua Microelectronics Materials, Suzhou Crystal Clear Chemical, Runma Chemical.
The electronic grade nitric acid market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electronic Grade Nitric Acid Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electronic Grade Nitric Acid Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electronic Grade Nitric Acid Market - Supply Chain
4.5. Global Electronic Grade Nitric Acid Market Forecast
4.5.1. Electronic Grade Nitric Acid Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electronic Grade Nitric Acid Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electronic Grade Nitric Acid Market Absolute $ Opportunity
5. Global Electronic Grade Nitric Acid Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electronic Grade Nitric Acid Market Size and Volume Forecast by Type
5.3.1. EL Grade
5.3.2. VL Grade
5.3.3. UL Grade
5.3.4. SL Grade
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electronic Grade Nitric Acid Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electronic Grade Nitric Acid Market Size and Volume Forecast by Application
6.3.1. Semiconductor
6.3.2. Solar Energy
6.3.3. LCD Panel
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electronic Grade Nitric Acid Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electronic Grade Nitric Acid Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electronic Grade Nitric Acid Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electronic Grade Nitric Acid Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electronic Grade Nitric Acid Demand Share Forecast, 2019-2026
9. North America Electronic Grade Nitric Acid Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electronic Grade Nitric Acid Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electronic Grade Nitric Acid Market Size and Volume Forecast by Application
9.4.1. Semiconductor
9.4.2. Solar Energy
9.4.3. LCD Panel
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electronic Grade Nitric Acid Market Size and Volume Forecast by Type
9.7.1. EL Grade
9.7.2. VL Grade
9.7.3. UL Grade
9.7.4. SL Grade
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electronic Grade Nitric Acid Demand Share Forecast, 2019-2026
10. Latin America Electronic Grade Nitric Acid Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electronic Grade Nitric Acid Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electronic Grade Nitric Acid Market Size and Volume Forecast by Application
10.4.1. Semiconductor
10.4.2. Solar Energy
10.4.3. LCD Panel
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electronic Grade Nitric Acid Market Size and Volume Forecast by Type
10.7.1. EL Grade
10.7.2. VL Grade
10.7.3. UL Grade
10.7.4. SL Grade
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electronic Grade Nitric Acid Demand Share Forecast, 2019-2026
11. Europe Electronic Grade Nitric Acid Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electronic Grade Nitric Acid Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electronic Grade Nitric Acid Market Size and Volume Forecast by Application
11.4.1. Semiconductor
11.4.2. Solar Energy
11.4.3. LCD Panel
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electronic Grade Nitric Acid Market Size and Volume Forecast by Type
11.7.1. EL Grade
11.7.2. VL Grade
11.7.3. UL Grade
11.7.4. SL Grade
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electronic Grade Nitric Acid Demand Share, 2019-2026
12. Asia Pacific Electronic Grade Nitric Acid Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electronic Grade Nitric Acid Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electronic Grade Nitric Acid Market Size and Volume Forecast by Application
12.4.1. Semiconductor
12.4.2. Solar Energy
12.4.3. LCD Panel
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electronic Grade Nitric Acid Market Size and Volume Forecast by Type
12.7.1. EL Grade
12.7.2. VL Grade
12.7.3. UL Grade
12.7.4. SL Grade
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electronic Grade Nitric Acid Demand Share, 2019-2026
13. Middle East & Africa Electronic Grade Nitric Acid Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electronic Grade Nitric Acid Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electronic Grade Nitric Acid Market Size and Volume Forecast by Application
13.4.1. Semiconductor
13.4.2. Solar Energy
13.4.3. LCD Panel
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electronic Grade Nitric Acid Market Size and Volume Forecast by Type
13.7.1. EL Grade
13.7.2. VL Grade
13.7.3. UL Grade
13.7.4. SL Grade
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electronic Grade Nitric Acid Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electronic Grade Nitric Acid Market: Market Share Analysis
14.2. Electronic Grade Nitric Acid Distributors and Customers
14.3. Electronic Grade Nitric Acid Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Mitsubishi Chemical
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Kanto
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. BASF
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Columbus Chemicals
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. UBE
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Detrex Chemicals
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. T. N. C. Industrial
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. KMG Electronic Chemicals
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. EuroChem
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Asia Union Electronic Chemicals
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Juhua Group
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Jianghua Microelectronics Materials
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Suzhou Crystal Clear Chemical
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Runma Chemical
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
