[FURL=https://www.industryarc.com/Report/18840/china-electronic-grade-sulfuric-acid-market?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]China electronic grade sulfuric acid market[/FURL] size is forecast to reach US$96.8 million by 2026, after growing at a CAGR of 7.2% during 2021-2026. Electronic grade sulfuric acid is specifically manufactured for electronic industrial applications. The acid primarily finds its usage in semiconductors and ultra-large-scale integrated circuit assembly and processing. The growing demand for electronic devices in China is driving the market growth for electronic sulfuric acid during the forecast period.Key Takeaways
Growing consumer spending on electronic goods such as computers, TVs, smartphones, washing machines, and others are driving the market.
Demand and production of electronic devices in China increased with rapid pace due to the adoption of advanced technologies in end-use industries such as automotive, wearable devices, and aerospace & defense among others.
The manufacturers are involved in developing advanced sulfuric acid for the electronics sector. Investments in research and developments to enhance the capabilities of electronic grade sulfuric acid are supporting the market growth.
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China Electronic Grade Sulfuric Acid Market Segment Analysis - By Manufacturing Process
The contact process segment is expected to hold the largest market share in the China electronic grade sulfuric acid market during the forecast period. Contact process is a modern industrial method used for the production of sulfuric acid. In the contact process initially the sulfur dioxide is converted into sulfur trioxide and later it is converted into sulfuric acid. The lead chamber segment is also expected to register moderate growth rate during the forecast period. The lead-chamber process is a method used for the production of sulfur acid by oxidizing sulfur dioxide with moist air, and gaseous nitrogen oxides.
China Electronic Grade Sulfuric Acid Market Drivers:
Growing demand for home appliances
Growing usage of PCB panels among end-use industries
China Electronic Grade Sulfuric Acid Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the China Electronic Grade Sulfuric Acid market. Major players in the China Electronic Grade Sulfuric Acid market are BASF SE, INEOS Group Holdings S.A., KMG Chemicals, Kanto Chemical Co., Inc., Trident Group, The Linde Group, PVS Chemicals, Reagent Chemicals, and Moses Lake Industries, Seastar Chemicals, Supraveni Chemicals Pvt. LTD., National Company for Sulphur Products (NCSP), Airedale Chemical, TAIWAN FERTILIZER CO., LTD., HENG I CHEMICAL, Chung Hwa Chemical Industrial Works, Ltd. and others.
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