PUNE, India, November 30, 2015 /PRNewswire/ --
The report "Ultra-Pure Sulfuric Acid Market by Grade (PPT & PPB), by End-Use Industry (Semiconductor & Pharmaceutical) and by Region - Global Trends and Forecasts to 2020", published by MarketsandMarkets, The global Ultra-Pure Sulfuric Acid Market is projected to be worth USD 311.2 Million by 2020, registering a CAGR of 6.3% between 2015 and 2020.
Browse 66 market data Tables and 49 Figures spread through 129 Pages and in-depth TOC on "Ultra-Pure Sulfuric Acid Market".
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The global ultra-pure sulfuric acid market size is projected to reach USD 311.2 Million by 2020. This growth is fueled by the growing technological dominance, increasing demand for electronics devices, rising development strategies, and increasing expansion and acquisition activities.
PPT Grade: The fastest growing grade in ultra-pure sulfuric acid market
PPT grade is considered as purest grade of ultra-pure sulfuric acid. It is generally used for cleaning and etching applications in the semiconductor industry. The market for ppt graded ultra-pure sulfuric acid is projected to be the fastest-growing grade and accounts for the major share of the overall market. Asia-Pacific is currently the largest user of high purity grade (ppt) of ultra-pure sulfuric acid. The ppt or parts per trillion grades are applied for more sophisticated semiconductors and PCBs where the ppb or part per billion graded ultra-pure sulfuric acid properties cannot be used due to lower purity level. Ppb is commonly used for very small units.
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Semiconductor - The largest market for ultra-pure sulfuric acid
The semiconductor industry is the biggest consumer of ultra-pure sulfuric acid and accounted for the major share of the market, in terms of value, in 2014. A wet etching solution is used to remove the patterned photoresist layer over the wafer or substrate, one of such wet chemical used is ultra-pure sulfuric acid. This acid is widely used in semiconductors for ultra-large scale integrated circuit assembly and processing. The demand for ultra-pure sulfuric acid is directly proportional to the demand for semiconductors as a major share of ultra-pure sulfuric acid is used for the semiconductor industry. The market for ultra-pure sulfuric acid in the semiconductor industry is driven by the rise in advanced and hi-tech electronic devices and gadgets.
Asia-Pacific - The largest market for ultra-pure sulfuric acid
Asia-Pacific is the largest market for ultra-pure sulfuric acid with major developments witnessed in China, Japan, Taiwan, and South Korea. The Asia-Pacific market accounted for half of the global ultra-pure sulfuric acid market size, in terms of value, in 2014. This region is expected to dominate the market till 2020, with advanced technological developments in electronic devices and semiconductors for end users. Asia-Pacific is expected to remain the biggest region till 2020 with high investments in emerging applications such as cleaning and etching in semiconductor industry. Also, Asia-Pacific is projected to be the fastest-growing market for ultra-pure sulfuric acid market. This high growth is attributed to expansion of production capacity, demand for advanced electronic devices, and others.
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Major players such as Chemtrade Logistics, Inc. (Canada), KMG Chemicals Inc (U.S.), INEOS Enterprises Limited (U.K.), PVS Chemical Inc. (U.S.), and others have adopted development strategies such as expansions, acquisitions, and product developments to achieve growth in the global ultra-pure sulfuric acid market.
This report covers the market, by value, for ultra-pure sulfuric acid and forecasts the market size till 2020. The report includes the market segmentation by grade, by end-use industry, and by region. It also provides company profiles and competitive strategies adopted by the major market players in the global ultra-pure sulfuric acid market.
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