Electronic Grade Hydrofluoric Acid Market Size, Share & Industry Analysis, By Type ( UP- Grade, UP-S Grade, UP-SS Grade, EL Grade, Others ), By Application ( Integrated Circuits, Solar Energy, Monitor Panel, Glass Product, Others ) and regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
Hydrofluoric acid, with chemical formula HF is a solution of hydrogen fluoride in water. It is colourless, strong, reactive, acidic and corrosive in nature. It is used as precursor for most of the fluorine containing compounds like anti-depressant fluoxetine. It is also employed in inscription of silicon wafers and glass. Electronic grade hydrofluoric acid is generally employed in semiconductor industry for etching the circuits.
Increasing demand for electronic equipment like smartphones, laptops, TV sets, IoTs- enabled devices, AI-enabled devices, cloud computing systems shall drive the market growth. Additionally, adoption of silicon wafers and ICs in semiconductors, photovoltaic cells, microelectronics and other high-end applications is expected to raise the demand for etching agent like HF.
However, the chemical is acidic and corrosive in nature which can cause severe damage on spilling and splashing. This is expected to hamper the market growth.
Market Segmentation:
Based on type, the market is segmented into UP-grade, UP-S grade, UP-SS grade, EL grade, and others. Based on application, the market is segmented into integrated circuits, solar energy, glass products, monitor panels, and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Market Driver -
Increasing demand from semiconductor and electronics sector.
Key Market Restraint -
Acidic and corrosive nature of acid
Key Players Covered:
The global electronic grade hydrofluoric acid market consists of global & regional players operating. Some of the key players in the market include Stella Chemifa Corp, Honeywell, Morita, Suzhou Crystal Clear Chemical, Solvay (Zhejiang Lansol) Sunlit Chemical, Jiangyin Jianghua Microelectronics Materials, Arkema, and others.
Key Insights
- New Advancements in Production Technologies
- Key Trends in the Electronic Grade Hydrofluoric Acid Market
- New Product Launches, Expansions, Key Players
- Ranking of Key Players in the Market
Regional Analysis:
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is the largest market attributed to the easy availability of raw material required for manufacturing. China and Mongolia has ample availability of the raw materials. Additionally, the rapidly developing electronics sector in Taiwan, Japan, South Korea, India and China is estimated to drive the regional market. North America is expected to show significant growth due to the extensive R&D in electronic sector. Europe is estimated to show considerable growth attributed to the increasing demand for electronic devices like smartphones, laptops, and others. Latin America and Middle East & Africa is expected to show sluggish growth by the end of the forecast period.
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Segmentation
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Electronic Grade Hydrofluoric Acid Industry Developments
- In June 2020, Arkema and Nutrien built an anhydrous fluoride manufacturing facility at Nutrien’s site in Aurora, North Carolina, which will use the by-product fluorine containing compounds obtained from phosphate mining.
- Ongoing
- 2023
- 2019-2022
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