China Electronic Grade Sulfuric Acid Market- By Grade, Application, & End Use Industry Analysis - Forecast(2024 - 2030)

China Electronic Grade Sulfuric Acid Market Overview

China electronic grade sulfuric acid market size is forecast to reach US$1.27 Billion by 2030, after growing at a CAGR of 7.2% during 2024-2030. Electronic-grade sulfuric acid is specifically manufactured for electronic industrial applications. The acid primarily finds its usage in semiconductors and ultra-large-scale integrated circuit assembly and processing. The growing demand for electronic devices in China is driving the market growth for electronic sulfuric acid during the forecast period. The growing demand for printed circuit boards and semiconductors among end-use industries such as automotive, telecommunication and home appliances are supporting the market growth for China electronic grade sulfuric acid between 2024-2030. Growing technological advancements in China along with the presence of electronic manufacturers are positively driving the market for electronic grade sulfuric acid in China. However, high energy consumption and the cost of production of electronic grade sulfuric acid are likely to hamper the market growth during the forecast period.

As semiconductor technologies advance, the demand for higher purity chemicals, including electronic grade sulfuric acid, continues to escalate. Electronic grade sulfuric acid is indispensable for cleaning and etching silicon wafers during semiconductor fabrication processes. With the shrinking feature sizes of semiconductor components, the impurity tolerance levels in electronic grade sulfuric acid have become increasingly stringent. Manufacturers in China are thus compelled to invest in advanced purification techniques and manufacturing processes to meet the evolving purity standards demanded by semiconductor producers. Additionally, the rise of emerging technologies such as 5G, artificial intelligence, and the Internet of Things (IoT) fuels the demand for more sophisticated semiconductors, driving the need for ultra-pure chemicals like electronic grade sulfuric acid. Consequently, Chinese manufacturers are exploring innovative purification methods and investing in research and development to enhance the quality and purity of electronic grade sulfuric acid, thereby catering to the evolving requirements of the electronics industry.
Environmental sustainability has emerged as a key focus area for China's chemical industry, including electronic grade sulfuric acid production. Stringent environmental regulations aimed at curbing pollution and reducing carbon emissions have prompted sulfuric acid manufacturers to adopt cleaner production processes and invest in pollution control technologies. In China, the government's stringent environmental policies, such as the implementation of the Environmental Protection Tax Law and the Blue Sky Protection Campaign, have compelled sulfuric acid producers to improve their environmental performance and reduce their carbon footprint. 

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Report Coverage

The report: “China Electronic Grade Sulfuric Acid Market – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the China Electronic Grade Sulfuric Acid industry.
By Manufacturing Process: Lead Chamber Process, Contact Process, Wet Sulfuric Acid Process, and Others
By Purity: 95% Sulfuric Acid, 96% Sulfuric Acid, 97% Sulfuric Acid, 98% Sulfuric Acid, and 99% Sulfuric Acid
By Application: Semiconductors, PCB Panels, Microchips, Photovoltaic, Silicon wafers, Integrated circuits, and others
By Application: Wearable devices, Information & Technology, Home Appliances, Entertainment, Automotive electronics, Telecommunication, Pharmaceutical, Aerospace & Defense, and Others

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Key Takeaways

• Growing consumer spending on electronic goods such as computers, TVs, smartphones, washing machines, and others are driving the market.
• Demand and production of electronic devices in China increased with rapid pace due to the adoption of advanced technologies in end-use industries such as automotive, wearable devices, and aerospace & defense among others.
• The manufacturers are involved in developing advanced sulfuric acid for the electronics sector. Investments in research and developments to enhance the capabilities of electronic grade sulfuric acid are supporting the market growth.

China Electronic Grade Sulfuric Acid Market Segment Analysis - By Manufacturing Process

The contact process segment is expected to hold the largest market share in the China electronic grade sulfuric acid market during the forecast period. Contact process is a modern industrial method used for the production of sulfuric acid. In the contact process initially the sulfur dioxide is converted into sulfur trioxide and later it is converted into sulfuric acid. The lead chamber segment is also expected to register moderate growth rate during the forecast period. The lead-chamber process is a method used for the production of sulfur acid by oxidizing sulfur dioxide with moist air, and gaseous nitrogen oxides. The process is used to produce sulfuric acid in large quantities.

China Electronic Grade Sulfuric Acid Market Segment Analysis – By Application

Electronic grade sulfuric acid is used in the production and development of semiconductors, PCB Panels, and Photovoltaic, among others. The semiconductors segment accounted for approximately 24% of the market share in 2023 and is estimated to grow at a significant CAGR during the forecast period. Sulfuric acid is the most common and widely used specialty chemical for the development of customized electronic components in the semiconductor industry. The growing electronic industry in China is driving the market for the semiconductors segment which is further driving the market for electronic grade sulfuric acid. According to an article published by the World Economic Forum, approximately 90% of China’s electronics are produced in the Shenzhen province of China. Semiconductor finds its application in transistors, microchips, solar cells, and LED displays among others. These products are used in many industries such as IT, telecommunication, and automotive among others. PCB panels segment is expected to register a high CAGR of 7.5% during the forecast period 2024-2030.

China Electronic Grade Sulfuric Acid Market Segment Analysis – By End-Use Industry

The automotive electronics segment accounted for approximately 11% of the market share in 2023 and is estimated to grow at a significant CAGR during the forecast period. Automotive electronics are used in engine management, in-car entertainment systems, telematics, ignition, and carputers among others. The growing production of passenger cars in China is driving the automotive electronics sector. According to the data released by Beijing-headquartered Commercial Vehicle World, approximately 1.6 million heavy trucks are sold in China in 2020. The home appliances segment also expected to hold significant share during the forecast period 2024-2030. The growing sales and production of home appliances such as TVs, washing machines, refrigerators, micro woven, and others are driving the market for electronic grade sulfuric acid in China.

China Electronic Grade Sulfuric Acid Market Drivers:

Growing demand for home appliances

Rapid growth in the electronics sector along with the growing consumer spending in China is driving the market growth of home appliances. Home appliances are also known as domestic appliances used in household functions. Home appliances include washing machines, refrigerators, microwaves, grinders, and others. Rapid Technological advancements have led the manufacturers to develop smart appliances which have further driven the market for home appliances in China. The growing e-commerce channel in China along with the convenience of shopping of the e-commerce sector is supporting home appliances sales in China.

Growing usage of PCB panels among end-use industries

PCB panels are used to connect electronic components through signal traces, tracks, and conductive pathways. The rising trend for small, light-weighted, and high-performance printed circuit boards in smart wearables, medical devices, and various portable electronics are driving the demand for PCB panels. Consumer electronics manufacturers are focusing on advanced PCB panels, to deliver high compactness and battery powering of IoT devices.

China Electronic Grade Sulfuric Acid Market Challenges:

Strict environmental regulations due to toxicological effects of sulfuric acid
Sulfuric acid is the world's largest volume industrial chemical used in many end-use industries such as agriculture, electronics, automotive, textile, and others. It is used to manufacture explosives, other acids, dyes, glue, electronic components, and automobile batteries among others. Sulfuric acid is very reactive and corrosive and burns any plants, birds, or land animals exposed to it. Industrial emissions of sulfuric acid can produce elevated concentrations in the atmosphere which may lead to acid rain and acid fog. These are the major challenges restraining the market growth during the forecast period 2024-2030.

China Electronic Grade Sulfuric Acid Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the China Electronic Grade Sulfuric Acid market. Major players in the China Electronic Grade Sulfuric Acid market are:

1. BASF SE
2. Merck Millipore
3. Hubei Xingfa Chemicals Group Co., Ltd.
4. Kanto Chemical Co., Inc.
5. Sumitomo Chemical Co., Ltd.
6. The Linde Group
7. PVS Chemicals
8. TAIWAN FERTILIZER CO., LTD.
9. FUJIFILM Wako Pure Chemical Corporation
10. Chung Hwa Chemical Industrial Works, Ltd. others.

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