Ultra-Pure Sulfuric Acid Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Ultra-Pure Sulfuric Acid Market is segmented by Acid Grade (Parts Per Trillion, and Parts Per Billion), Application (Cleaning, Etching, Reagent, and Others), End-user Industry (Semiconductor, Pharmaceuticals, Automotive, and Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

Ultra-Pure Sulfuric Acid Market Snapshot

Ultra-Pure Sulfuric Acid - Market Summary
Study Period: 2016 - 2026
Base Year: 2021
Fastest Growing Market: North America
Largest Market: Asia Pacific
CAGR: <3 %

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Market Overview

The market for ultra-pure sulfuric acid is expected to grow at a CAGR of about 3% globally during the forecast period. Major factors driving the market studied 

increasing demand from semiconductor industry and growing application in pharmaceutical industry. On the flip side, stringent environmental regulations is expected to hinder the growth of market.

  • Ultra-Pure Sulfuric Acid market is expected to grow during the forecast period owing to increasing application in Electrical & Electronics Industry  across the globe.
  • Asia-Pacific region dominated the market across the globe with the largest consumption from the countries such as India, China and Japan

Scope of the Report

The Ultra-Pure Sulfuric Acid Market report include: 

Acid Grade
Parts Per Trillion (PPT)
Parts Per Billion (PPB)
Application
Cleaning
Etching
Reagent
Others
End-user Industry
Electrical & Electronics
Pharmaceuticals
Automotive
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Increasing Application in Electrical & Electronics Industry

  • Sulfuric acid, also called oil of vitriol, or hydrogen sulfate is dense, colorless, oily, corrosive liquid, one of the most important of all chemicals, prepared industrially by the reaction of water with sulfur trioxide. Ultra-pure sulfuric acid refers to the high concentration ranging about 98%.
  • In electrical & electronics industry ultra-pure sulfuric acid is used in various concentrations during the manufacturing of printed circuit boards, as an etching agent for the production of semi-conductors, cleaning agent and others.
  • According to the Semiconductor Industry Association (SIA), the worldwide sales of semiconductors reached a total of USD 36.6 billion for the month of October 2019, an increase of about 2.9% from the September month’s total sales of USD 35.6 billion.
  • According to World Semiconductor Trade Statistics (WSTS), it is estimated that the annual global sales of semiconductors is expected to increase by 5.4% in 2020,  6.3% in 2021, hence increasing the scope for this market during the coming years.
  • Hence, owing to the growing applications in electrical & electronics industry especially in Asia-Pacific and North American countries, the demand for ultra-pure sulfuric acid is expected to increase over the forecast period.
Ultra-Pure Sulfuric Acid  Market Revenue Share

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific region is expected to dominate the market for ultra-pure sulfuric acid during the forecast period. Due to the high demand application from countries like China, India and Japan the market for ultra-pure sulfuric acid has been increasing.
  • The largest producers of ultra-pure sulfuric acid are located in Asia-Pacific region. Some of the leading companies in the production of ultra-pure sulfuric acid are INEOS Group, BASF SE, KMG Chemicals, KANTO KAGAKU, PVS Chemicals.
  • Chinese pharmaceutical industry which is valued at about ~USD  145 billion currently, represents the biggest emerging market with growth tipped to reach about ~USD 200 billion by 2022, thus increasing the scope of the market.
  • India's total pharmaceutical production reported a 11% growth during the first quarter of FY'19 and reached a total of about ~USD 5 billion. During the same time, the pharma exports witnessed a 21.7% growth and reached a total of about ~USD 1.72 billion.
  • Ultra-pure sulfuric acid is also used in pharmaceutical industry, automotive industry and many other industries where it has wide range of applications
  • The Chinese government has introduced “Made in China 2025” policy to increase the nation's self-sufficiency in integrated circuits production to 40% in 2020 and 70% by 2025.
  • Ultra-pure sulfuric acid is one of the most popular types of wet chemicals used in the electronics industry. The aforementioned factors, coupled with government support, are contributing to the increasing demand for ultra-pure sulfuric acid during the forecast period.
Ultra-Pure Sulfuric Acid Market Regional Trends

Competitive Landscape

The global ultra-pure sulfuric acid market is fragmented with players accounting for a marginal share of the market. Few companies include INEOS Group, BASF SE, KMG Chemicals, KANTO KAGAKU, PVS Chemicals

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand from Semiconductor Industry

      2. 4.1.2 Growing Application in Pharmaceutical Industry

    2. 4.2 Restraints

      1. 4.2.1 Stringent Environmental Regulations

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

    5. 4.5 Technological Snapshot

  5. 5. MARKET SEGMENTATION

    1. 5.1 Acid Grade

      1. 5.1.1 Parts Per Trillion (PPT)

      2. 5.1.2 Parts Per Billion (PPB)

    2. 5.2 Application

      1. 5.2.1 Cleaning

      2. 5.2.2 Etching

      3. 5.2.3 Reagent

      4. 5.2.4 Others

    3. 5.3 End-user Industry

      1. 5.3.1 Electrical & Electronics

      2. 5.3.2 Pharmaceuticals

      3. 5.3.3 Automotive

      4. 5.3.4 Others

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 France

        4. 5.4.3.4 Italy

        5. 5.4.3.5 Rest of Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Aurubis AG

      2. 6.4.2 BASF SE

      3. 6.4.3 Boliden Group

      4. 6.4.4 Chemtrade

      5. 6.4.5 INEOS Group

      6. 6.4.6 KANTO KAGAKU

      7. 6.4.7 KMG Chemicals

      8. 6.4.8 Nouryon

      9. 6.4.9 PVS Chemicals

      10. 6.4.10 Trident Group

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Development of Recyling Technology to Reuse Sulfuric Acid

**Subject to Availability

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Frequently Asked Questions

The Ultra-Pure Sulfuric Acid Market market is studied from 2016 - 2026.

The Ultra-Pure Sulfuric Acid Market is growing at a CAGR of <3% over the next 5 years.

North America is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2021.

INEOS Group , BASF SE , KMG Chemicals , KANTO KAGAKU, PVS Chemicals are the major companies operating in Ultra-Pure Sulfuric Acid Market.

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