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 : November, 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.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

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

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?