Electronic Grade Sulfuric Acid Market Size, Share, Opportunities, And Trends By Grade Type (PPB Purity, PPM Purity), By Concentration Type (Below 96%, 96%-97%, Above 97%), By Application (Semiconductors, PCB Panels, Photovoltaic, Others), By End-User Industry (Semiconductor & Microelectronics, Consumer Electronics, Automotive Electronics, Telecommunications & I.T., Aerospace & Defense Electronics, Energy Storage & Battery, Healthcare & Medical Devices, Industrial Electronics), And By Geography – Forecasts From 2025 To 2030

Electronic Grade Sulfuric Acid Market Size:

The electronic-grade sulfuric acid market is expected to grow at a compound annual growth rate (CAGR) of 6.60% during the forecast period (2025-2030). 

Electronic-grade sulfuric acid is a corrosive acid and soluble in water.  Sulfuric acid, commonly known as battery acid, is one of the staple products in the chemical industry due to its application as a raw material for many chemicals. It is also used as an intermediary in many chemical processes.

The electronic grade sulfuric acid has the highest purity, approximately 96% purity. High purity is necessary for the electronic-grade sulfuric acid, as impurities in the solution could damage the circuits, semiconductors, etc., in cleaning and etching processes.

The semiconductor is used in medical devices, communications, computing, defense and aerospace, transportation and infrastructure, energy, and technologies of the future, such as artificial intelligence, quantum computing, and advanced wireless networks. According to the World Semiconductor Trade Statistics (WSTS), semiconductor industry sales were $556 billion in 2023 and are expected to increase to $602 billion in 2024. This expansion within the electronic industries for the application of modern devices would relatively increase the demand for electronic-grade sulfuric acid as a major ingredient.

Furthermore, the increase in the renewable energy sector with the demand for solar energy would drive the demand for electronic-grade sulfuric acid. The solar energy sector now accounts for 4.5% of total global electricity generation. This will likely increase because of government policies, regulations, and incentives.

India is making significant strides in the renewable energy segment, combining solar, wind, hydrogen, etc. India attracted an investment of US$15.5 billion for solar PV projects. An Interim Budget of US$1.02 billion has been allocated to solar power grid infrastructure development in the fiscal 2024-2025. 

What are the Electronic Grade Sulfuric Acid Market Drivers?

• Growing demand from the semiconductor industry.

The semiconductor industry is critical worldwide, with transformative applications in many aspects of innovative machines. The growth of semiconductors is imminent as governments worldwide provide incentives and policies for semiconductor development. For instance, the CHIPS and Science Act by the United States government offers research investments and manufacturing incentives to the semiconductor industries in the country. Semiconductor technology is developing to deliver more advanced products and process technologies for memory, logic, analog, and MPU.

With global demand for semiconductors, the increase in research and development of semiconductors is leading to the establishment of new plants and facilities for semiconductors. Thus, the relative demand for electronic-grade sulfuric acid would increase. This acid removes the finest impurities on the surface of wafer chips during cleaning and semiconductor manufacturing. The essential application of electronic-grade sulfuric acid would increase its demand for the growing semiconductor manufacturing industry. Asia Pacific countries (China, Japan, South Korea, Taiwan) and the United States have been the largest players in the semiconductor market, having a global share of about 91%, according to the World Semiconductor Trade Statistics (WSTS).

• Expanding demand in the electronic industry

The electronic industry worldwide has been on the rise due to internet penetration. According to the International Telecommunication Union (ITU), in 2023, nearly 67% of the world’s population, or 5.4 billion people, had access to the Internet. This figure shows rise of 3.92% from 2021 to 2022 and 5.88% from 2022 to 2023. Access to the internet is only possible through electronic devices, and the rise in the demand for electronic devices has led to industry supply chain challenges to meet this demand. The manufacturing of electronic devices needs sophisticated technological applications and raw materials such as electronic-grade sulfuric acid.

Two-stage leaching of printed circuit boards (PCBs) requires sulfuric and nitric acids. PCBs are becoming crucial in electrical and electronic equipment such as TV sets, computers, printers, mobile phones, liquid crystal display (LCD) monitors, and laptops. The use of mobile phones has been rising; in 2023, about 78% of the total population worldwide owned a mobile phone. This growth in the use of mobile telephones has increased demand for electronic-grade sulfuric acid for manufacturing.

• Rise in the solar energy sector

The solar energy sector has become the core of renewable energy sources worldwide, especially in tropical regions with sunlight. In 2022, Solar PV generation has increased by 26% from the previous year, adding 270TWh of power to global energy production. The subsequent demand for solar energy power is due to the need for the manufacturing process to bring net carbon emissions to zero, according to climate change factors. Solar energy is the largest renewable energy sector that contributes to energy production. According to the International Energy Agency (IEA), the progressive increase of Solar PV is anticipated to be 10.10% from 2025 to 2026, 9.87% from 2026 to 2027, and 10.43% from 2027 to 2028. This significant growth rate indicates the rising demand for photovoltaic wafers for energy capture of the sunlight.

Chemical cleaning is necessary in solar cell fabrication to prevent equipment contamination. Uncleaned wafers can be problematic when diffused into the wafers, especially regarding overall performance. The overall hydrophobicity of the silicon wafer can be improved by completely dehydrating the oxidation film on the silicon wafer. The growing number of utility plants, improved production capacity, innovation for efficient designs, policy interventions, and investments, among others, led to the scaling up of the solar energy power sector.

Electronic Grade Sulfuric Acid Market Major Challenges:

• Major challenges hindering the growth of the electronic-grade sulfuric acid market:

The major challenge for electronic-grade sulfuric acid is its high manufacturing cost to gain the expected purity grade. This makes it difficult for companies to handle the process and requires expertise. The cost of expertise and related high-cost manufacturing technology make the electronic-grade sulfuric acid a difficult process to procure. Additionally, the certification, regulation, and quality standards are necessary for the processing of sulfuric acid.

Electronic Grade Sulfuric Acid Market Geographical Outlook:

• The electronic-grade sulfuric acid market is segmented into three regions worldwide

Geography-wise, the market of electronic grade sulfuric acid is divided into the Americas, Europe, the Middle East and Africa, and Asia Pacific. Leading large economies of the world are located in the region, such as China, Japan, India, and South Korea. These countries are part of G20. The fastest-growing economies are also present in this region. According to the International Monetary Fund (IMF), Asia and the Pacific has a GDP growth rate of 4.4 %, including South Asia having 6.3% and Southeast Asia having a growth rate of 4.6% in 2023. This high growth rate can also be seen in the industrial sector. The region is becoming a major supplier of raw materials and finished goods worldwide.

Moreover, China contributed 38% of solar PV generation growth in 2022. China is the leading country in solar PV capacity additions, with 100 GW added in 2022. Another leading player is India, which allocated a substantial outlay of US$2.9 billion for the Production Linked Incentive (PLI) Scheme for the photovoltaic cells and integrated around a capacity of 8,737 MW. Further, India established 11 solar parks with a capacity of 8,521 MW across different states.

Additionally, the semiconductor industry's growth is another factor leading to the electronic-grade sulfuric acid market growth. China, Taiwan, Korea, and Japan held 43% of the market share for the semiconductor industry in 2022, according to the World Semiconductor Trade Statistics (WSTS). Above all, the growing economies of India and China have been the largest consumers of electronics goods and technologies.

Electronic Grade Sulfuric Acid Market Key Developments: 

In October 2024, Samsung C&T Trading & Investment Group, with the partnership of NES Materials, a member of Samsung C&T's Yeosu National Industrial Complex plant, completed its manufacturing facility for electronic-grade sulfuric acid in August 2024 and announced the completion of the first shipment of electronic-grade sulfuric acid.

Electronic Grade Sulfuric Acid Market Scope:

Report Metric	Details
Electronic Grade Sulfuric Acid Market Size in 2025	US$113.006 billion
Electronic Grade Sulfuric Acid Market Size in 2030	US$157.693 billion
Growth Rate	CAGR of 6.60%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Billion
Segmentation	Grade Type Concentration Type Application End-User Industry Geography
Geographical Segmentation	Americas, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in the Electronic Grade Sulfuric Acid Market	Spectrum Chemicals BASF SE Chemtrade Logistics Columbus Chemicals Thermo Fisher Scientific Inc.
Customization Scope	Free report customization with purchase

 

The Electronic Grade Sulfuric Acid Market is segmented and analyzed as follows:

• By Grade Type
  • PPB (Parts Per Billion) Purity
  • PPM (Parts Per Million) Purity
• By Concentration Type
  • Below 96%
  • 96%-97%
  • Above 97%
• By Application
  • Semiconductors
  • PCB panels
  • Photovoltaic
  • Others
• By End-User Industry
  • Semiconductor & Microelectronics Industry
  • Consumer Electronics Industry
  • Automotive Electronics
  • Telecommunications & I.T.
  • Aerospace & Defense Electronics
  • Energy Storage & Battery Industry
  • Healthcare & Medical Devices
  • Industrial Electronics
• By Geography
  • Americas
    • US
  • Europe, the Middle East, and Africa
    • Germany
    • Netherlands
    • Others
  • Asia Pacific
    • China
    • Japan
    • Taiwan
    • South Korea
    • Others

Our Best-Performing Industry Reports:

• Bias Resistor Transistors (BRTs) Market
• Electronic Grade Sulfuric Acid Market
• Optical Waveguide Market

---

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. The Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. ELECTRONIC GRADE SULFURIC ACID MARKET BY GRADE TYPE

5.1. Introduction

5.2. PPB (Parts Per Billion) Purity

5.3. PPM (Parts Per Million) Purity

6. ELECTRONIC GRADE SULFURIC ACID MARKET BY CONCENTRATION TYPE

6.1. Introduction

6.2. Below 96%

6.3. 96%-97%

6.4. Above 97%

7. ELECTRONIC GRADE SULFURIC ACID MARKET BY APPLICATION

7.1. Introduction

7.2. Semiconductors

7.3. PCB panels

7.4. Photovoltaic

7.5. Others

8. ELECTRONIC GRADE SULFURIC ACID MARKET BY END-USER INDUSTRY

8.1. Introduction

8.2. Semiconductor & Microelectronics Industry

8.3. Consumer Electronics Industry

8.4. Automotive Electronics

8.5. Telecommunications & I.T.

8.6. Aerospace & Defense Electronics

8.7. Energy Storage & Battery Industry

8.8. Healthcare & Medical Devices

8.9. Industrial Electronics

9. ELECTRONIC GRADE SULFURIC ACID MARKET BY GEOGRAPHY

9.1. Global Overview

9.2. Americas

9.2.1. US

9.3. Europe, Middle East, and Africa

9.3.1. Germany

9.3.2. Netherlands

9.3.3. Others

9.4. Asia-Pacific

9.4.1. China

9.4.2. Japan

9.4.3. Taiwan

9.4.4. South Korea

9.4.5. Others

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

10.1. Major Players and Strategy Analysis

10.2. Market Share Analysis

10.3. Mergers, Acquisitions, Agreements, and Collaborations

10.4. Competitive Dashboard

11. COMPANY PROFILES

11.1. Spectrum Chemicals 

11.2. BASF SE 

11.3. Chemtrade Logistics 

11.4. Columbus Chemicals 

11.5. Thermo Fisher Scientific Inc. 

11.6. RCI Labscan Limited 

11.7. Kanto Chemical Co., Inc. (Japan) 

11.8. Trident Group 

11.9. Sumitomo Chemical Company Limited 

11.10. Nouryon 

11.11. Lab Alley 

11.12. Moses Lake Industries 

LIST OF FIGURES

LIST OF TABLES

Spectrum Chemicals 

BASF SE 

Chemtrade Logistics 

Columbus Chemicals 

Thermo Fisher Scientific Inc. 

RCI Labscan Limited 

Kanto Chemical Co., Inc. (Japan) 

Trident Group 

Sumitomo Chemical Company Limited 

Nouryon 

Lab Alley 

Moses Lake Industries