The market for electronic grade sulfuric acid is expected to increase from USD 300 million in 2019 to USD 415 million by 2024, at a CAGR of 6.7% over the forecast period, according to the report "Electronic Grade Sulfuric Acid Market by Grade (PPT, PPB), Application (Semiconductors, PCB Panels, Pharmaceutical), and Region (North America, Europe, APAC, Middle East & Africa, South America). During the projected period, the market is anticipated to grow due to rising electronic device production and consumption in the developing economies of the APAC region as well as a shift in major electronics manufacturers' attention to the area.

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According to estimates, the electronic grade sulfuric acid market is dominated by PPT grade.

In 2018, PPT dominated the market for electronic-grade sulfuric acid. The PPT grade is favoured in the production of semiconductors and integrated circuits (ICs) because only the purest sulfuric acid of the highest grade can be used to clean and etch semiconductors and ICs.

During the projection period, the electronic grade sulfuric acid segment is anticipated to experience the quickest growth.

During the projection period, the electronic grade sulfuric acid segment is anticipated to experience the quickest growth. A PCB is an electronic circuit that offers mechanical support in electronic gadgets. Almost every electronic device, including computers, TVs, smartphones, washing machines, coffee makers, and others, uses PCB panels. The growing use of electronic grade sulfuric acid in the automotive, healthcare, industrial electronics, consumer electronics, maritime transportation, aerospace & defense, and other industries is a major factor driving the demand for it in PCB panel applications.

The largest electronic grade sulfuric acid market is anticipated to be in APAC during the forecast period.

The largest electronic grade sulfuric acid market is anticipated to be in APAC during the forecast period. During the forecast period, the market is anticipated to be driven by the region's expanding electronics sector and rising PCB panel and semiconductor demand.

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The leading companies in the electronic grade sulfuric acid market are BASF SE (Germany), INEOS Group Holdings S.A. (UK), Chemtrade Logistics (Canada), KMG Chemicals (US), Kanto Chemical Co., Inc. (Japan), Trident Group (India), The Linde Group (Ireland), PVS Chemicals (US), Reagent Chemicals (UK), and Moses Lake Industries (US).

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