Electronic Grade Sulfuric Acid Market Size

Electronic Grade Sulfuric Acid Market size was over USD 391.15 million in 2023 and is projected to cross USD 897.82 million by the end of 2036, witnessing more than 6.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of electronic grade sulfuric acid is estimated at USD 411.8 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.