Electronic Grade Phosphoric Acid Market Forecast, Trend Analysis & Competition Tracking - Global Review: 2018 - 2028

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Electronic Grade Phosphoric Acid Market Forecast, Trend Analysis & Competition Tracking - Global Review: 2018 - 2028

Status : March, 2020 | Chemical & Materials | PPT format

Report Digest


Introduction:

Electronic grade phosphoric acid is an electronic chemical having purity in the range of 79-86%. Electronic chemicals refer to special chemicals that are compatible with electronic applications, and help enhance the performance of electronic products. Electronic grade phosphoric acid is prevalently used in microelectronics cleaning applications. Electronic grade phosphoric acid is widely used in the electronics industry, especially during VLSI manufacturing, microelectronics, and large screen liquid crystal display, among other applications. Electronic grade phosphoric acid is used for the wet etching and wet cleaning of ICs, chips, and other microelectronic products. Generally, electronic grade phosphoric acid is used for cleaning before substrate coating, etching, and final stripping, semiconductor film etching, during lithography cleaning and insulating film etching, conductor film etching, organic material etching, and in the fabrication of silicon wafers, among others. Owing to its excellent performance, electronic grade phosphoric acid has become an indispensable part of the electronics industry, and this is set to increase steadily over the forecast period. The uses of electronic grade phosphoric acid for electronic applications depends upon metal impurities and particle requirements.

Generally, electronic grade phosphoric acid is produced by treating high purity phosphorus, high-purity phosphorus trichloride, or phosphorus oxychloride, among others. In the high purity phosphorus process, high purity yellow or red phosphorus is burnt in the presence of pure air & dry air to form P2O5 gas. This formed P2O5 gas is sprayed with ultrapure water to prepare electronic grade phosphoric acid. Further, the purification of phosphoric acid is done in order to match the required purity. In this process, the air and water used must be in the pure form. Industrially, this method is preferred, as it offers several advantages such as low-cost production, simple operation, and high purity of electronic grade phosphoric acid. Also, phosphorus oxidation in this process, resolves the problem of the viscosity of phosphoric acid, and provides ease for the filtration and purification of electronic grade phosphoric acid

The use of electronic grade phosphoric acid offers several advantages, such as enhanced IC product yield, improved electrical performance, increased reliability and liquid crystal display (LCD) quality, among other. Owing to these, the demand for electronic grade phosphoric acid is increasing with the growth of electronics industry. With the development of microelectronic technology, the size of electronic components is continuously shrinking, coupled with increasing chip area with complex integration. Due to this, the demand for effective electronic chemicals is increasing, which, in turn, boosts the demand for electronic grade phosphoric acid.  

Segmentation:

Based on application, the global electronic grade phosphoric acid market is segmented into:

  • Semiconductors
  • Liquid Crystal Displays (LCDs)
  • VLSI
  • Others

Regional Outlook:

Currently, there are only a few countries in the world, such as the United States, Japan, and Korea who can produce the product. Over the recent past, significant growth and development of the electronics and solar panel industry in China has led to several key manufacture of IC foundry, semiconductors, LEDs, and TFT-LCD giants investing in China. This, in turn, has resulted into an increase in the demand for electronic grade phosphoric acid. Moreover, the domestic production capacity of ultra-clean, high-purity phosphoric acid is significant, and accounts for a majority share of the global market. Along with this, the availability of raw material in China, will, in turn, help the country dominate the global electronic grade phosphoric acid market over the forecast period. Albeit, China's production of yellow phosphorus and phosphoric acid ranks first in the world, fine phosphorus chemical products account for nearly 4% of the total. Thus, electronic grade phosphoric acid has become a high value-added product in China. China’s electronic grade phosphoric acid market is expected to register healthy growth over the forecast period. South Korea, Japan, and Taiwan are the major markets for electronic grade phosphoric acid, owing to the rising demand from electronic and semiconductor applications. It is expected that the electronic grade phosphoric acid market in these countries will register steady growth over the forecast period. 

Key Players:

Some of the key players identified across the value chain of the electronic grade phosphoric acid market are:

  • Solvay Sa
  • Arkema
  • Merck KGaA
  • RIN KAGAKU KOGYO Co., Ltd.
  • Febex SA
  • Hubei Xingfa Chemicals Group Co. Ltd
  • Guangxi Qinzhou Capital Success Phos-Chemical Co., Ltd.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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