Summary

The electronic grade phosphoric acid market, essential for the electronics and microelectronics sectors, is experiencing significant growth. This market plays a critical role in manufacturing semiconductors, thin film liquid crystal display (LCD) panels, and large-scale integrated circuits (VLSI and ULSI). Initially valued in the hundreds of millions, projections suggest it will reach a value exceeding two billion in the coming years, reflecting a strong compound annual growth rate (CAGR) of nearly eight percent. Market Insights Electronic grade phosphoric acid is categorized into two main types: >80% purity and <80% purity. Historically, <80% purity has dominated the market, but there is a notable shift toward the adoption of >80% high-purity grades. This transition is driven by the increasing need for high-quality materials in semiconductor manufacturing, particularly in wafer etching and cleaning processes. Meanwhile, <80% purity electronic grade phosphoric acid continues to be extensively used in the cleaning of LCD panels, which are experiencing heightened global production. Drivers of Growth Several key factors are propelling the demand for electronic grade phosphoric acid. The semiconductor segment is expected to hold a prominent share of the market, primarily due to its crucial applications in cleaning and etching. As the semiconductor industry expands and evolves, so does the need for high-purity phosphoric acid. Moreover, the surge in electronic device production and technological advancements further fuels the demand for high-quality materials to ensure enhanced performance and efficiency. Business Opportunities The electronic grade phosphoric acid market offers significant business opportunities, with substantial incremental potential. Companies are increasingly embracing brownfield investment strategies to enhance market share and mitigate competition. Notable examples include major acquisitions, such as Merck KGaA's purchase of Sigma-Aldrich and Avantor, Inc.'s acquisition of VWR Corporation, which underscore the ongoing consolidation within the industry. Furthermore, backward integration models adopted by key players like Israel Chemicals Limited and Cabot Microelectronics Corporation allow them to effectively control manufacturing costs and maintain high product quality. Regional Analysis East Asia is expected to emerge as a leading region for the consumption of electronic grade phosphoric acid, driven by a robust presence of electronic component manufacturers. North America and Europe, known for their technological advancements, collectively account for over 35% of the market share, showing a growing inclination toward >80% purity electronic grade phosphoric acid. Conversely, developing countries in South Asia are projected to witness higher growth rates, thanks to favorable business environments and improved ease of doing business indices, making them attractive markets for investment. Challenges Ahead Despite the promising outlook, several challenges could impact the market. The production of electronic grade phosphoric acid relies heavily on the mining of phosphate rocks, which is strictly regulated by environmental and governmental authorities. This regulatory scrutiny can hinder consistent production and may lead to supply-demand gaps in the future, posing challenges for market participants. Key Players The electronic grade phosphoric acid market features a moderately consolidated landscape, with several key players spearheading innovation and growth. Notable companies include Solvay SA, Arkema S.A., OCI Company Ltd, Israel Chemicals Ltd., Cabot Microelectronics Corporation, Merck KGaA, RIN KAGAKU KOGYO Co., Ltd., Taiwan Maxwave Co., Ltd., Asia Union Electronic Chemical Corp, SEMIAC Electronic Chemicals Co., Ltd., and Avantor, Inc. These companies are strategically positioned to leverage emerging opportunities through organic growth strategies, partnerships, and acquisitions. Electronic Grade Phosphoric Acid Market: Segmentation By Grade •<80% Purity •>80% Purity By Application •Semiconductor •Liquid Crystal Display (LCD) •VLSI & ULSI •Others By Region •North America •Latin America •Europe •South Asia & Oceania •East Asia •Middle East & Africa (MEA)

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Table of Contents

1. Executive Summary 1.1. Global Electronic Grade Phosphoric Acid Market Snapshot 1.2. Future Projections 1.3. Key Market Trends 1.4. Regional Snapshot, by Value and Volume, 2024 1.5. Analyst Recommendations 2. Market Overview 2.1. Market Definitions and Segmentations 2.2. Market Dynamics 2.2.1. Drivers 2.2.2. Restraints 2.2.3. Market Opportunities 2.3. Value Chain Analysis 2.4. Porter’s Five Forces Analysis 2.5. COVID-19 Impact Analysis 2.5.1. Supply 2.5.2. Demand 2.6. Impact of Ukraine-Russia Conflict 2.7. Economic Overview 2.7.1. World Economic Projections 2.8. PESTLE Analysis 3. Price Analysis, 2019 - 2023 3.1. Global Average Price Analysis by Grade, 2019 - 2023 3.2. Prominent Factor Affecting Electronic Grade Phosphoric Acid Prices 3.3. Global Average Price Analysis by Region 4. Global Electronic Grade Phosphoric Acid Market Outlook, 2019 - 2031 4.1. Global Electronic Grade Phosphoric Acid Market Outlook, by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031 4.1.1. Key Highlights 4.1.1.1. <80% Purity 4.1.1.2. >80% Purity 4.2. Global Electronic Grade Phosphoric Acid Market Outlook, by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031 4.2.1. Key Highlights 4.2.1.1. Semiconductor 4.2.1.2. Liquid Crystal Display (LCD) 4.2.1.3. VLSI & ULSI 4.2.1.4. Others 4.3. Global Electronic Grade Phosphoric Acid Market Outlook, by Region, Value (US$ Bn) and Volume (KT), 2019 - 2031 4.3.1. Key Highlights 4.3.1.1. North America 4.3.1.2. Europe 4.3.1.3. Asia Pacific 4.3.1.4. Latin America 4.3.1.5. Middle East & Africa 5. North America Electronic Grade Phosphoric Acid Market Outlook, 2019 - 2031 5.1. North America Electronic Grade Phosphoric Acid Market Outlook, by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031 5.1.1. Key Highlights 5.1.1.1. <80% Purity 5.1.1.2. >80% Purity 5.2. North America Electronic Grade Phosphoric Acid Market Outlook, by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031 5.2.1. Key Highlights 5.2.1.1. Semiconductor 5.2.1.2. Liquid Crystal Display (LCD) 5.2.1.3. VLSI & ULSI 5.2.1.4. Others 5.2.2. Attractiveness Analysis 5.3. North America Electronic Grade Phosphoric Acid Market Outlook, by Country, Value (US$ Bn) and Volume (KT), 2019 - 2031 5.3.1. Key Highlights 5.3.1.1. U.S. Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031 5.3.1.2. U.S. Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031 5.3.1.3. Canada Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031 5.3.1.4. Canada Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031 6. Europe Electronic Grade Phosphoric Acid Market Outlook, 2019 - 2031 6.1. Europe Electronic Grade Phosphoric Acid Market Outlook, by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031 6.1.1. Key Highlights 6.1.1.1. <80% Purity 6.1.1.2. >80% Purity 6.2. Europe Electronic Grade Phosphoric Acid Market Outlook, by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031 6.2.1. Key Highlights 6.2.1.1. Semiconductor 6.2.1.2. Liquid Crystal Display (LCD) 6.2.1.3. VLSI & ULSI 6.2.1.4. Others 6.2.2. Attractiveness Analysis 6.3. Europe Electronic Grade Phosphoric Acid Market Outlook, by Country, Value (US$ Bn) and Volume (KT), 2019 - 2031 6.3.1. Key Highlights 6.3.1.1. Germany Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031 6.3.1.2. Germany Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031 6.3.1.3. U.K. Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031 6.3.1.4. U.K. Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031 6.3.1.5. France Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031 6.3.1.6. France Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031 6.3.1.7. Italy Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031 6.3.1.8. Italy Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031 6.3.1.9. Turkey Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031 6.3.1.10. Turkey Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031 6.3.1.11. Russia Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031 6.3.1.12. Russia Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031 6.3.1.13. Rest of Europe Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031 6.3.1.14. Rest of Europe Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031 7. Asia Pacific Electronic Grade Phosphoric Acid Market Outlook, 2019 - 2031 7.1. Asia Pacific Electronic Grade Phosphoric Acid Market Outlook, by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031 7.1.1. Key Highlights 7.1.1.1. <80% Purity 7.1.1.2. >80% Purity 7.2. Asia Pacific Electronic Grade Phosphoric Acid Market Outlook, by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031 7.2.1. Key Highlights 7.2.1.1. Semiconductor 7.2.1.2. Liquid Crystal Display (LCD) 7.2.1.3. VLSI & ULSI 7.2.1.4. Others 7.2.2. Attractiveness Analysis 7.3. Asia Pacific Electronic Grade Phosphoric Acid Market Outlook, by Country, Value (US$ Bn) and Volume (KT), 2019 - 2031 7.3.1. Key Highlights 7.3.1.1. China Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031 7.3.1.2. China Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031 7.3.1.3. Japan Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031 7.3.1.4. Japan Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031 7.3.1.5. South Korea Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031 7.3.1.6. South Korea Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031 7.3.1.7. India Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031 7.3.1.8. India Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031 7.3.1.9. Southeast Asia Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031 7.3.1.10. Southeast Asia Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031 7.3.1.11. Rest of Asia Pacific Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031 7.3.1.12. Rest of Asia Pacific Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031 8. Latin America Electronic Grade Phosphoric Acid Market Outlook, 2019 - 2031 8.1. Latin America Electronic Grade Phosphoric Acid Market Outlook, by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031 8.1.1. Key Highlights 8.1.1.1. <80% Purity 8.1.1.2. >80% Purity 8.2. Latin America Electronic Grade Phosphoric Acid Market Outlook, by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031 8.2.1. Key Highlights 8.2.1.1. Semiconductor 8.2.1.2. Liquid Crystal Display (LCD) 8.2.1.3. VLSI & ULSI 8.2.1.4. Others 8.2.1.5. Attractiveness Analysis 8.3. Latin America Electronic Grade Phosphoric Acid Market Outlook, by Country, Value (US$ Bn) and Volume (KT), 2019 - 2031 8.3.1. Key Highlights 8.3.1.1. Brazil Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031 8.3.1.2. Brazil Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031 8.3.1.3. Mexico Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031 8.3.1.4. Mexico Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031 8.3.1.5. Argentina Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031 8.3.1.6. Argentina Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031 8.3.1.7. Rest of Latin America Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031 8.3.1.8. Rest of Latin America Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031 9. Middle East & Africa Electronic Grade Phosphoric Acid Market Outlook, 2019 - 2031 9.1. Middle East & Africa Electronic Grade Phosphoric Acid Market Outlook, by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031 9.1.1.1. Key Highlights 9.1.1.2. <80% Purity 9.1.1.3. >80% Purity 9.2. Middle East & Africa Electronic Grade Phosphoric Acid Market Outlook, by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031 9.2.1.1. Key Highlights 9.2.1.2. Semiconductor 9.2.1.3. Liquid Crystal Display (LCD) 9.2.1.4. VLSI & ULSI 9.2.1.5. Others 9.2.2. Attractiveness Analysis 9.3. Middle East & Africa Electronic Grade Phosphoric Acid Market Outlook, by Country, Value (US$ Bn) and Volume (KT), 2019 - 2031 9.3.1. Key Highlights 9.3.1.1. GCC Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031 9.3.1.2. GCC Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031 9.3.1.3. South Africa Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031 9.3.1.4. South Africa Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031 9.3.1.5. Egypt Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031 9.3.1.6. Egypt Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031 9.3.1.7. Nigeria Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031 9.3.1.8. Nigeria Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031 9.3.1.9. Rest of Middle East & Africa Electronic Grade Phosphoric Acid Market by Grade, Value (US$ Bn) and Volume (KT), 2019 - 2031 9.3.1.10. Rest of Middle East & Africa Electronic Grade Phosphoric Acid Market by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031 10. Competitive Landscape 10.1. By Tire Type vs by Application Heatmap 10.2. Company Market Share Analysis, 2024 10.3. Competitive Dashboard 10.4. Company Profiles 10.4.1. Continental Group 10.4.1.1. Company Overview 10.4.1.2. Product Portfolio 10.4.1.3. Financial Overview 10.4.1.4. Business Strategies and Development 10.4.2. Cooper & Rubber Company 10.4.2.1. Company Overview 10.4.2.2. Product Portfolio 10.4.2.3. Financial Overview 10.4.2.4. Business Strategies and Development 10.4.3. Hankook Co. Ltd., 10.4.3.1. Company Overview 10.4.3.2. Product Portfolio 10.4.3.3. Financial Overview 10.4.3.4. Business Strategies and Development 10.4.4. Goodyear & Rubber Company 10.4.4.1. Company Overview 10.4.4.2. Product Portfolio 10.4.4.3. Financial Overview 10.4.4.4. Business Strategies and Development 10.4.5. Michelin Group, 10.4.5.1. Company Overview 10.4.5.2. Product Portfolio 10.4.5.3. Financial Overview 10.4.5.4. Business Strategies and Development 10.4.6. Pirelli 10.4.6.1. Company Overview 10.4.6.2. Product Portfolio 10.4.6.3. Financial Overview 10.4.6.4. Business Strategies and Development 10.4.7. Sumitomo Rubber Industries Ltd., 10.4.7.1. Company Overview 10.4.7.2. Product Portfolio 10.4.7.3. Financial Overview 10.4.7.4. Business Strategies and Development 10.4.8. The Bridgestone Group 10.4.8.1. Company Overview 10.4.8.2. Product Portfolio 10.4.8.3. Financial Overview 10.4.8.4. Business Strategies and Development 11. Appendix 11.1. Research Methodology 11.2. Report Assumptions 11.3. Acronyms and Abbreviations