Market Overview:
The global ultra high purity phosphoric acid market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for semiconductors and other electronic devices, and the growing need for clean and etching processes in these devices. In terms of type, the panel level segment is expected to lead the global ultra high purity phosphoric acid market during the forecast period, followed by IC level and others segments. In terms of application, cleaning is expected to be the largest segment during the forecast period, followed by etching and others segments.
Product Definition:
Ultra high purity phosphoric acid (>99.9999%) is used as a etching agent for semiconductor device fabrication and in the production of pharmaceuticals, agrochemicals, and other specialty chemicals.
Panel Level:
The global panel level is the most significant trend in the UHPPA market. It has been observed that manufacturers are increasingly inclined towards ultra-high purity phosphoric acid (UHPP) products, which can be used as a substitute for other highly pure chemicals such as orthophosphoric acid and fumaric acid. Panel level technology helps in producing high quality UHPP with less by-product contamination, thus resulting into more efficient end product.
IC Level:
The International Chemical Industry Council (ICI) level is a term used in the food and beverage industry for controlling and monitoring the quality of raw materials during their processing. It helps to maintain product quality, enhance productivity, reduce costs & risks along with protecting consumers from harmful chemicals.
It also helps to ensure that every aspect of the operation is being performed at an optimal level which includes production as well as supply chain management.
Application Insights:
Cleaning was the largest application segment in 2017 and is projected to grow at a CAGR of XX% over the forecast period. Ultra high purity phosphoric acid is used for cleaning applications including etching, drilling, rinsing, surface treatment and others. The increasing use of UHPPA for cleaning metals on account of its superior properties such as strong acids and bases resistance coupled with low volatility has widened its scope in recent years.
Etching emerged as the second-largest application segment in 2017 owing to growing demand from various industries including automotive & transportation which requires highly pure phosphoric acid products for manufacturing car parts along with other related components such as paints & coatings and abrasives wheels among others.
Regional Analysis:
Asia Pacific was the largest market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a surge in demand for PAA from various industries owing to rapid industrialization, especially in China and India. Growing chemical manufacturing sector due to increasing foreign investments coupled with favorable government regulations is projected to drive industry expansion over the coming years.
The European market for UHPA Acid accounted for more than 20% of global volume share in 2017 on account of high technological advancements across several countries including Germany, UK, France and Russia among others which are amongst Europe’s major phosphoric acid consuming nations. However, stringent environmental norms regarding waste disposal are expected to pose a challenge for this segment during the forecast period as most manufacturers have shifted their base outside EU countries thus affecting overall regional growth negatively since 2016-2017 season when prices started surging rapidly (Chart 1).
Growth Factors:
- Increasing demand for fertilizers from the agriculture sector is expected to drive the growth of the ultra high purity phosphoric acid market during the forecast period.
- The increasing demand for UHP phosphoric acid from end-use industries such as food & beverage, detergents, and pharmaceuticals is also projected to fuel market growth in the coming years.
- Growing awareness about the benefits of using UHP phosphoric acid is another key factor that is expected to propel market growth in the near future.
- Stringent environmental regulations regarding emissions and effluents are likely to create opportunities for players operating in this market over the next few years. 5) The increasing use of ultra high purity phosphoric acid in various applications such as water treatment, metal processing, and others is anticipated to boost demand duringthe forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Ultra High Purity Phosphoric Acid Market Research Report
By Type
Panel Level, IC Level, Others
By Application
Cleaning, Etching, Others
By Companies
Arkema, Solvay, ICL Performance Products, RIN KAGAKU KOGYO, Rasa Industries, Honeywell, Hubei Xingfa Chemicals Group, Chengxing Group, Yunphos (Taixing) 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
202
Number of Tables & Figures
142
Customization Available
Yes, the report can be customized as per your need.
Global Ultra High Purity Phosphoric Acid Market Report Segments:
The global Ultra High Purity Phosphoric Acid market is segmented on the basis of:
Types
Panel Level, IC Level, Others
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
Cleaning, Etching, 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:
- Arkema
- Solvay
- ICL Performance Products
- RIN KAGAKU KOGYO
- Rasa Industries
- Honeywell
- Hubei Xingfa Chemicals Group
- Chengxing Group
- Yunphos (Taixing) Chemical
Highlights of The Ultra High Purity Phosphoric 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:
- Panel Level
- IC Level
- Others
- By Application:
- Cleaning
- Etching
- 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 Ultra High Purity Phosphoric 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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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?
Ultra high purity phosphoric acid is a type of phosphoric acid that has been purified to have a purity level of 99.9%. This type of phosphoric acid is often used in industrial applications because it has a higher quality than other types of phosphoric acid.
Some of the major players in the ultra high purity phosphoric acid market are Arkema, Solvay, ICL Performance Products, RIN KAGAKU KOGYO, Rasa Industries, Honeywell, Hubei Xingfa Chemicals Group, Chengxing Group, Yunphos (Taixing) Chemical.
The ultra high purity phosphoric acid market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ultra High Purity Phosphoric Acid Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Ultra High Purity Phosphoric Acid Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ultra High Purity Phosphoric Acid Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Ultra High Purity Phosphoric Acid Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Ultra High Purity Phosphoric Acid Market Size & Forecast, 2020-2028
4.5.1 Ultra High Purity Phosphoric Acid Market Size and Y-o-Y Growth
4.5.2 Ultra High Purity Phosphoric Acid Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Panel Level
5.2.2 IC Level
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Cleaning
6.2.2 Etching
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ultra High Purity Phosphoric Acid Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ultra High Purity Phosphoric Acid Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Panel Level
9.6.2 IC Level
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Cleaning
9.10.2 Etching
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Panel Level
10.6.2 IC Level
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Cleaning
10.10.2 Etching
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Panel Level
11.6.2 IC Level
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Cleaning
11.10.2 Etching
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Panel Level
12.6.2 IC Level
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Cleaning
12.10.2 Etching
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Panel Level
13.6.2 IC Level
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Cleaning
13.10.2 Etching
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ultra High Purity Phosphoric Acid Market: Competitive Dashboard
14.2 Global Ultra High Purity Phosphoric Acid Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Arkema
14.3.2 Solvay
14.3.3 ICL Performance Products
14.3.4 RIN KAGAKU KOGYO
14.3.5 Rasa Industries
14.3.6 Honeywell
14.3.7 Hubei Xingfa Chemicals Group
14.3.8 Chengxing Group
14.3.9 Yunphos (Taixing) Chemical
