How Has the Electronic Grade Hydrofluoric Acid Market Evolved Historically and What is its Current Size?
The electronic grade hydrofluoric acid market has seen considerable growth due to a variety of factors.
• The electronic grade hydrofluoric acid market has expanded rapidly. It will increase from $1.82 billion in 2024 to $1.96 billion in 2025, at a CAGR of 7.6%.
This growth is driven by rising demand for electronic equipment, more electronic applications, increased demand from the electronics industry, and expanded production capacities.
What is the Forecasted Market Size and CAGR for the Electronic Grade Hydrofluoric Acid Market?
The electronic grade hydrofluoric acid market is expected to maintain its strong growth trajectory in upcoming years.
• The electronic grade hydrofluoric acid market is forecast to grow to $2.6 billion by 2029, with a CAGR of 7.3%.
Growth drivers include rising demand for electronic devices, aluminum, semiconductors, advanced electronic components, and smart devices. Key trends will include technological advances, automation in integrated circuits, strategic partnerships, and research and development in portable media devices.
What Key Factors and Trends Are Driving The Growth Electronic Grade Hydrofluoric Acid Market?
The rising adoption of electronic products is expected to fuel the growth of the electronic-grade hydrofluoric acid market. The growing demand for consumer gadgets and larger electronics, such as smartphones and appliances, is driven by technological advancements, affordability, and the increasing need for connectivity. Electronic-grade hydrofluoric acid is crucial for precise manufacturing in the electronics sector. In February 2024, the Japan Electronics and Information Technology Industries Association reported that consumer electronics production reached $201.91 million, a significant rise from $149.27 million in January 2023. This increased adoption of electronics is expected to drive the growth of the electronic-grade hydrofluoric acid market.
What Are The Market Segments In The Electronic Grade Hydrofluoric Acid Market?
The electronic grade hydrofluoric acid market covered in this report is segmented –
1) By Type: Ultra-Pure Grade, Ultra-Pure Special Grade, Ultra-Pure Super Special Grade, Electronic Grade
2) By Application: Integrated Circuits, Solar Energy, Glass Product, Monitor Panel, Other Applications
3) By End-User: Electronics, Semiconductor, Photovoltaic, Chemical, Automotive, Other End-Users
Subsegments:
1) By Ultra-Pure Grade: High-Purity Ultra-Pure Grade Hydrofluoric Acid, Standard Ultra-Pure Grade Hydrofluoric Acid
2) By Ultra-Pure Special Grade: Special Grade For Semiconductor Manufacturing, Special Grade For Lcd Panel Production
3) By Ultra-Pure Super Special Grade: Super Special Grade For Advanced Lithography, Super Special Grade For Photovoltaic Applications
4) By Electronic Grade: Electronic Grade For Etching Applications, Electronic Grade For Cleaning Applications
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Which Emerging Market Trends Are Altering The Electronic Grade Hydrofluoric Acid Industry?
Companies in the electronic-grade hydrofluoric acid market are expanding production capabilities to improve purity, enhance efficiency, and reduce environmental impact, ensuring high-quality materials for semiconductor manufacturing and advanced applications. For example, in October 2024, Sunlit Fluo & Chemical Co. Ltd., a Taiwanese chemicals company, opened a new facility in Phoenix that specializes in electronic-grade hydrofluoric acid and other materials used in semiconductors. The facility uses advanced technology, quality control, and sustainable practices to meet the rising demand for specialty chemicals.
Who Are the Key Players In The Electronic Grade Hydrofluoric Acid Market?
Major companies operating in the electronic grade hydrofluoric acid market are:
• Honeywell International Inc.
• Merck KGaA
• Solvay S.A.
• Air Products and Chemicals Inc.
• Formosa Daikin Advanced Chemicals Co. Ltd.
• Formosa Plastics Corporation
• Shandong Dongyue Chemical Co. Ltd.
• KMG Chemicals
• Zhejiang Juhua Co. Ltd.
• Stella Chemifa Corporation
• Suzhou Crystal Clear Chemical Co. Ltd.
• Derivados del Fluor SAU
• Zhejiang Sanmei Chemical Incorporated Company
• G. Frederick Smith Chemical Company
• Advance Research Chemicals Inc.
• Fujian Shaowu Yongfei Chemical Co. Ltd.
• Buss ChemTech AG
• Loba Chemie Pvt Ltd.
• Morita Chemical Industries Co. Ltd.
• Kanto Chemical Co. Inc.
• Sunlit Chemical Co. Ltd.
• Hangzhou Dayangchem Co. Ltd.
• Rishiroop Polymers Pvt. Ltd.
• Sinochem Lantian Co. Ltd.
• Xinxiang Yellow River Fine Chemical Industry Co. Ltd.
What Are The Regional Insights Into The Electronic Grade Hydrofluoric Acid Market?
North America was the largest region in the electronic grade hydrofluoric acid market in 2024. The regions covered in the electronic grade hydrofluoric acid market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
