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Electronic Grade Sulfuric Acid Market poised for substantial growth due to rising demand for high-purity acid in semiconductor and electronics manufacturing. Increasing technological advancements and expanding electronic industry drive market expansion.
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Electronic Grade Sulfuric Acid Market worth $415 million by 2024- Exclusive Report by MarketsandMarkets™ The report "Electronic Grade Sulfuric Acid Market by Grade (PPT, PPB), Application (Semiconductors, PCB Panels, Pharmaceutical) and Region (North America, Europe, APAC, Middle East & Africa, South America) - Global Forecast to 2024", is projected to grow from USD 300 million in 2019 to USD 415 million by 2024, at a CAGR of 6.7% during the forecast period. The increasing electronic device manufacturing and demand in the developing economies of the APAC region, along with the shift in focus of major electronics manufacturers toward the region, is expected to boost the market during the forecast period. Request a Report Sample to Gain Valuable Insights at https://www.marketsandmarkets.com/requestsampleNew.asp?id=205618803 PPT grade is estimated to dominate the electronic grade sulfuric acid market. PPT was the most significant grade of electronic grade sulfuric acid market in 2018. The PPT grade is preferred in semiconductor and IC manufacturing as only the highest grade of sulfuric acid with purity level can be used for the cleaning and etching purpose of semiconductors and ICs. The PCB panels segment is projected to be the fastest-growing application of electronic grade sulfuric acid during the forecast period. The PCB panels segment is projected to be the fastest-growing application of electronic grade sulfuric acid during the forecast period. PCB is an electronic circuit used in electronic devices to provide mechanical support. PCB panels find application in almost all electronic devices, including computers, TVs, smartphones, washing machines, coffee makers, and others. The demand for electronic grade sulfuric acid in PCB panel application is majorly driven by its increasing use in automotive, healthcare, industrial electronics, consumer electronics, maritime transport, aerospace & defense, and other industries. APAC is estimated to be the largest electronic grade sulfuric acid market during the forecast period. APAC is projected to be the largest electronic grade sulfuricacid market during the forecast period. The booming electronics industry, along with the rising demand for PCB panels and semiconductors, in the region is expected to drive the market during the forecast period. Speak with Our Expert for More Details at https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=205618803 BASF SE (Germany), INEOS Group Holdings S.A. (UK), Chemtrade Logistics (Canada), KMG Chemicals (US), Kanto Chemical Co., Inc. (Japan), Trident Group (India), The Linde Group (Ireland), PVS Chemicals (US), Reagent Chemicals (UK), and Moses Lake Industries (US) are the major players in the electronic grade sulfuric acid market. About MarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
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