Electronic Grade Sulfuric Acid Market size was over USD 416.97 million in 2024 and is projected to reach USD 957.08 million by 2037, witnessing around 6.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of electronic grade sulfuric acid is assessed at USD 440.36 million.
The growth of the market can be attributed to the varied application of the electronic grade sulfuric acid, including the manufacturing of semiconductors, PCB panels, fertilizers, and others. Rising demand for smartphones, laptops, and other electronic devices that require PCB panels and semiconductors, is estimated to drive the market growth. More than 1.4 billion smartphones were sold in 2020, and is estimated to cross 1.5 billion smartphones by the end of 2021. Electronic grade sulfuric acid is very strong and pure in nature, with the concentration above 95%. The changing trends in the electronics market, coupled with rapid global digitalization, is anticipated to boost the electronic grade sulfuric acid market growth.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
6.6% |
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Base Year Market Size (2024) |
USD 416.97 million |
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Forecast Year Market Size (2037) |
USD 957.08 million |
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Regional Scope |
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The global electronic grade sulfuric acid market is segmented by application into semiconductors, PCB panels, and others, out of which, the semiconductors segment is anticipated to hold the largest share in the market during the forecast period. Sulfuric acid is essential for the manufacturing of semiconductors. The growing demand for electronic gadgets is estimated to boost the growth of the segment. On the basis of end-user industries, the market is segmented into chemical, electronics, and others, out of which, the electronics segment is anticipated to hold a noteworthy share over the forecast period, owing to the utility of sulfuric acid in the manufacturing of printed circuit boards.
Our in-depth analysis of the global market includes the following segments:
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By Grade |
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By Application |
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By End-User Industries |
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Asia Pacific industry is anticipated to account for largest revenue share by 2037, owing to presence of major electronics manufacturers in the region, backed by large consumer base and cheap labor., owing to presence of major electronics manufacturers in the region, backed by large consumer base and cheap labor. Moreover, increasing production of sulfuric acid, supported by the easy availability of raw materials in the region, is anticipated to boost the market growth. The market in the North America is projected to hold a significant share in the electronic grade sulfuric acid market, during the forecast period, on the back of increasing demand for electronic devices backed by high disposable income, coupled with growing chemical industry in the region.
Author Credits: Abhishek Verma
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