Ultra-Pure Sulfuric Acid Market: Capacity expansion and new plant additions to drive growth
Electrical and electronics, pharmaceutical, and Automotive are some of the major end-users of sulfuric acid. The demand and consumption of sulfuric acid among these industries are expected to increase significantly over the next decade. This is compelling producers of sulfuric acid to expand their production capacities. For instance, in July 2021, BASF SE, Zhejiang Jiahua Energy Chemical Industry Co. Ltd and its fully-owned subsidiary Zhejiang Jiafu New Material Technology Co. Ltd announced its plans to expand the production capacity of electronic-grade sulfuric acid in Jiaxing, China. The site expansion is expected to be completed by the end of 2023. Such expansion plans are expected to drive the growth of the global ultra-pure sulfuric acid market during the forecast period.
As per Technavio, the growing demand from diversified applications will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2022-2026.
Ultra-Pure Sulfuric Acid Market: Growing demand from diversified applications
Sulfuric acid can act as both oxidizing and dehydrating agent. Such properties of sulfuric acid have increased its use in various applications such as explosives, synthetics, viscose, and washing agents. This is increasing the demand for sulfuric acid among the petroleum and chemical industries. Thus, the increasing demand for sulfuric acid from diverse applications is expected to foster the growth of the market during the forecast period.
"Increasing M&A, collaborations and partnerships and the recovery of byproduct sulfuric acid at smelters will further boost the of the market", says an analyst at Technavio.
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Ultra-Pure Sulfuric Acid Market: Segmentation Analysis
This market research report segments the ultra-pure sulfuric acid market by end-user (electronics and electrical, pharmaceuticals, and others) and geography (APAC, North America, Europe, South America, and Middle East and Africa).
By application, the electronics and electrical segment generated maximum revenue in the market. The segment is driven by the increasing use of semiconductors in data processing, communications, consumer electronics, automotive, and industrial applications. The market growth in the segment will be significant during the forecast period.
The APAC region led the ultra-pure sulfuric acid market in 2021, followed by North America, Europe, South America, and Middle East and Africa respectively. During the forecast period, the APAC region is expected to register the highest incremental growth due to the increasing demand for sulfuring acid from end-user industries.
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Some of the key topics covered in the report include:
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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Ultra-Pure Sulfuric Acid Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.46% |
Market growth 2022-2026 |
USD 59.08 million |
Market structure |
Fragmented |
YoY growth (%) |
2.5 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 45% |
Key consumer countries |
US, China, Taiwan, South Korea, and UK |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Avantor Inc., BASF SE, Chemtrade Logistics Income Fund, INEOS Group Holdings SA, Jiangyin Jianghua Microelectronic Materials Co. Ltd., Jingrui Electronic Materials Co. Ltd., Kanto Chemical Co. Inc., KMG Chemicals, Linde Plc, Merck KGaA, Moses Lake Industries, PVS Chemicals Inc., SEASTAR CHEMICALS, and Trident Ltd. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents:
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by End-user
- 5.1 Market segments
- Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
- Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
- 5.2 Comparison by End-user
- Exhibit 26: Chart on Comparison by End-user
- Exhibit 27: Data Table on Comparison by End-user
- 5.3 Electronics and electrical - Market size and forecast 2021-2026
- Exhibit 28: Chart on Electronics and electrical - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Electronics and electrical - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Electronics and electrical - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Electronics and electrical - Year-over-year growth 2021-2026 (%)
- 5.4 Pharmaceuticals - Market size and forecast 2021-2026
- Exhibit 32: Chart on Pharmaceuticals - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Pharmaceuticals - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Pharmaceuticals - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Pharmaceuticals - Year-over-year growth 2021-2026 (%)
- 5.5 Others - Market size and forecast 2021-2026
- Exhibit 36: Chart on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Others - Year-over-year growth 2021-2026 (%)
- 5.6 Market opportunity by End-user
- Exhibit 40: Market opportunity by End-user ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 42: Chart on Market share by geography 2021-2026 (%)
- Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 44: Chart on Geographic comparison
- Exhibit 45: Data Table on Geographic comparison
- 7.3 APAC - Market size and forecast 2021-2026
- Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.4 North America - Market size and forecast 2021-2026
- Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.5 Europe - Market size and forecast 2021-2026
- Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.8 US - Market size and forecast 2021-2026
- Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.9 China - Market size and forecast 2021-2026
- Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.10 Taiwan - Market size and forecast 2021-2026
- Exhibit 74: Chart on Taiwan - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on Taiwan - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on Taiwan - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Taiwan - Year-over-year growth 2021-2026 (%)
- 7.11 UK - Market size and forecast 2021-2026
- Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 7.12 South Korea - Market size and forecast 2021-2026
- Exhibit 82: Chart on South Korea - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on South Korea - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on South Korea - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on South Korea - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 86: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.3 Impact of drivers and challenges
- Exhibit 87: Impact of drivers and challenges in 2021 and 2026
9 Vendor Landscape
- 9.2 Vendor landscape
- Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 89: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 90: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 91: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 92: Matrix on vendor position and classification
- 10.3 Avantor Inc.
- Exhibit 93: Avantor Inc. - Overview
- Exhibit 94: Avantor Inc. - Business segments
- Exhibit 95: Avantor Inc. - Key news
- Exhibit 96: Avantor Inc. - Key offerings
- Exhibit 97: Avantor Inc. - Segment focus
- 10.4 BASF SE
- Exhibit 98: BASF SE - Overview
- Exhibit 99: BASF SE - Business segments
- Exhibit 100: BASF SE - Key news
- Exhibit 101: BASF SE - Key offerings
- Exhibit 102: BASF SE - Segment focus
- 10.5 Chemtrade Logistics Income Fund
- Exhibit 103: Chemtrade Logistics Income Fund - Overview
- Exhibit 104: Chemtrade Logistics Income Fund - Business segments
- Exhibit 105: Chemtrade Logistics Income Fund - Key offerings
- Exhibit 106: Chemtrade Logistics Income Fund - Segment focus
- 10.6 INEOS Group Holdings SA
- Exhibit 107: INEOS Group Holdings SA - Overview
- Exhibit 108: INEOS Group Holdings SA - Business segments
- Exhibit 109: INEOS Group Holdings SA - Key offerings
- Exhibit 110: INEOS Group Holdings SA - Segment focus
- 10.7 Jiangyin Jianghua Microelectronic Materials Co. Ltd.
- Exhibit 111: Jiangyin Jianghua Microelectronic Materials Co. Ltd. - Overview
- Exhibit 112: Jiangyin Jianghua Microelectronic Materials Co. Ltd. - Product / Service
- Exhibit 113: Jiangyin Jianghua Microelectronic Materials Co. Ltd. - Key offerings
- 10.8 Kanto Chemical Co. Inc.
- Exhibit 114: Kanto Chemical Co. Inc. - Overview
- Exhibit 115: Kanto Chemical Co. Inc. - Product / Service
- Exhibit 116: Kanto Chemical Co. Inc. - Key offerings
- 10.9 KMG Chemicals
- Exhibit 117: KMG Chemicals - Overview
- Exhibit 118: KMG Chemicals - Product / Service
- Exhibit 119: KMG Chemicals - Key offerings
- 10.10 Linde Plc
- Exhibit 120: Linde Plc - Overview
- Exhibit 121: Linde Plc - Business segments
- Exhibit 122: Linde Plc - Key news
- Exhibit 123: Linde Plc - Key offerings
- Exhibit 124: Linde Plc - Segment focus
- 10.11 PVS Chemicals Inc.
- Exhibit 125: PVS Chemicals Inc. - Overview
- Exhibit 126: PVS Chemicals Inc. - Product / Service
- Exhibit 127: PVS Chemicals Inc. - Key offerings
- 10.12 SEASTAR CHEMICALS
- Exhibit 128: SEASTAR CHEMICALS - Overview
- Exhibit 129: SEASTAR CHEMICALS - Product / Service
- Exhibit 130: SEASTAR CHEMICALS - Key offerings
11 Appendix
- 11.2 Inclusions and exclusions checklist
- Exhibit 131: Inclusions checklist
- Exhibit 132: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 133: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 134: Research methodology
- Exhibit 135: Validation techniques employed for market sizing
- Exhibit 136: Information sources
- 11.5 List of abbreviations
- Exhibit 137: List of abbreviations
- Under this segment, the company offers ultra-pure sulfuric acid that includes sulfuric acid cleanroom mb, sulfuric acid gigabit, sulfuric acid gigabit drum, sulfuric acid cleanroom tote.
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SOURCE Technavio
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