Economic Growth of Nitric Acid for Electronic Applications Anticipated to Reach 5.8% by 2034
In the dynamic world of semiconductor manufacturing, the demand for Electronic Grade Nitric Acid (EGNA) is on the rise, particularly in the Asia Pacific region. This region, which houses some of the world's largest fabrication facilities, accounted for a staggering 52.9% share of the EGNA market in 2024, valued at USD 44.3 million.
Leading the charge in Japan is Mitsubishi Gas Chemical, a company that has recently built a new production facility for EGNA to cater to the growing demand from the semiconductor industry sector in Southeast Asia.
The preference for EGNA in advanced semiconductor and precision electronics manufacturing is due to its ultra-high purity and reliability, a quality that is increasingly important as the industry transitions towards sub-5nm chip architectures. This transition has intensified the purity requirements in the semiconductor sector.
Other players in the market are also gearing up to meet these evolving needs. For instance, BASF SE has expanded its high-purity chemical capacities, including EGNA, to support the semiconductor industry's growth, particularly in Asia. Similarly, UBE Corporation has invested in expanding its EGNA production, both in Japan and abroad, such as in a new manufacturing plant in Thailand.
Meanwhile, KMG Electronic Chemicals, Inc. has focused on investments in purification technology and quality assurance systems to meet the evolving purity requirements for advanced semiconductor nodes. Columbus Chemicals, too, is working on securing the domestic supply chain for electronic-grade acids in North America.
T. N. C. Industrial Co., Ltd. is actively expanding its capacity for high-purity chemicals to serve the dense semiconductor industry in Taiwan. The need for EGNA is also rising in response to the growing demand for advanced electronics, renewable energy, and medical devices.
The market's growth rate is projected to be a CAGR of 5.8% from 2025 to 2034, with the Global Electronic Grade Nitric Acid Market expected to reach USD 147.4 million by 2034. This growth can be attributed to the increasing demand for ultra-pure nitric acid in high-tech industries like semiconductors, solar energy, and consumer electronics.
Moreover, rapid advancements in electronics, 5G infrastructure, electric vehicles, and photovoltaic manufacturing have increased demand for high-purity chemicals like EGNA in wafer cleaning and microfabrication. The semiconductor sector relies on EGNA for precision and defect-free chip fabrication.
In conclusion, the Electronic Grade Nitric Acid market is poised for significant growth, driven by the increasing demand for advanced electronics, renewable energy, and medical devices, and the ongoing advancements in various high-tech industries. Companies like Mitsubishi Gas Chemical, BASF SE, UBE Corporation, KMG Electronic Chemicals, Inc., Columbus Chemicals, and T. N. C. Industrial Co., Ltd. are at the forefront of this growth, investing in new production facilities and technologies to meet the evolving needs of the semiconductor industry.
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