Electronic Grade Hydrofluoric Acid Market - Snapshot

Electronic grade hydrofluoric acid, referred to as hydrofluoric acid used in electronic devices, is a solution of hydrogen fluoride in water. It is a colorless and transparent liquid. It easily reacts with common metals, metal oxides, and hydroxides to produce various salts. Electronic grade hydrofluoric acid is soluble in water and alcohol, but is insoluble in organic solvents. It is an excellent corrosive agent and strong acid cleaner. Electronic grade hydrofluoric acid is primarily used in glass etching in silicon wafers. These silicon wafers are then installed in semiconductors, microelectronics, and photovoltaic cells. The global electronic grade hydrofluoric acid market is expected to expand at a significant pace during the forecast period driven by the increase in demand for electronic devices. The electronic grade hydrofluoric acid market was valued at around US$ 290 Mn in 2017 and is projected to expand at a CAGR of around 7.0% during the forecast period.

Purest form of silicon is required in processing of silicon wafers to enable effective conduction of electricity. Purity grade of electronic grade hydrofluoric acid tends to affect the etching process of silicon wafers. High purity electronic grade hydrofluoric acid is required for effective etching of silicon wafers in the electronics industry. Rise in concerns about the purity of electronic grade hydrofluoric acid is expected to adversely impact the electronic grade hydrofluoric acid market. =>49% concentration based electronic grade hydrofluoric acid is used in high-end applications such as IOT devices and artificial intelligence. Rise in demand for semiconductors and microelectronics applications in IOT devices and artificial intelligence is projected to boost the demand for =>49% concentration based electronic grade hydrofluoric acid. However, the hazardous nature of electronic grade hydrofluoric acid and the complexity in handling them are anticipated to hamper the electronic grade hydrofluoric acid market during the forecast period.

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Photovoltaic system engages solar panels and solar cells to generate solar energy. Silicon wafers are used in solar cells for effective conduction of electricity. Growth in awareness about photovoltaic systems and increase in utilization rate of solar energy through photovoltaic/solar cells are anticipated to boost the demand for silicon wafers in photovoltaic systems. Electronic grade hydrofluoric acid is primarily used as an etching agent for silicon wafers; therefore, increase in demand for silicon wafers in solar cells/photovoltaic applications is projected to drive the global electronic grade hydrofluoric acid market.

Asia Pacific is the key region accounting for significant share of the electronic grade hydrofluoric acid market. Transition of companies operating in semiconductors and microelectronics industries from North America and Europe to East Asia is expected to boost the demand for electronic grade hydrofluoric acid in Asia Pacific. Major electronic component manufacturers shifted their production bases to East Asia owing to the ease in availability of raw materials and competitive labor pricing in the region. Demand for electronic grade hydrofluoric acid increased significantly in Asia Pacific in 2017 due to the strong presence of large OEMs and electronic component manufacturers in the region. Rapid industrialization in developing nations such as China, Japan, Taiwan, and South Korea is expected to drive the global electronic grade hydrofluoric acid market. The electronic grade hydrofluoric acid market in North America and Europe is anticipated to expand at a moderate pace during the forecast period.

Key players operating in the electronic grade hydrofluoric acid market include Zhejiang Juhua Co., Ltd. (Zhejiang Kaiheng Electronic Materials Co., Ltd. and Zhejiang Kaisn Fluorochemical Co., Ltd.,), Stella Chemifa Corporation, Formosa Daikin Advanced Chemicals Co., Ltd., and Morita Chemical Industries Co.,Ltd. These players are focusing on integrating their suppliers in order to cut down transportation costs and enhance the production output. Other eminent players include ADVANCE RESEARCH CHEMICALS. INC, Buss ChemTech AG, Derivados del Flúor, Do-Fluoride Chemicals Co., Ltd., Fujian Shaowu Yongjing Chemical Co., Ltd., Honeywell International Inc., KMG Electronic Chemicals, Loba Chemie Pvt. Ltd., Qiaoli Chemical Industry Co., Ltd. (Sunlit Fluo & Chemical Co.,LTD), Qshi Industry (Shanghai) Co., Ltd., Shanghai Changhua New Energy & Technology Co., Ltd., Solvay S.A., Xinxiang Yellow River Fine Chemical Industry Co., Ltd., and Zhejiang Sanmei Chemical Incorporated Company.

Electronic Grade Hydrofluoric Acid Market - Overview

This report focuses on the study of electronic grade hydrofluoric acid at the global and regional level. It analyzes and forecasts the market for electronic grade hydrofluoric acid based on revenue (US$ Mn) and volume (tons) from 2018 to 2026. The market has been forecast based on historical trends, demand-supply scenario, drivers, restraints, and opportunities.

The report encompasses a detailed value chain analysis, which provides an inclusive view of the global electronic grade hydrofluoric acid market. Porter’s Five Forces model for the electronic grade hydrofluoric acid market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein applications are benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the global electronic grade hydrofluoric acid market by segmenting it in terms of HF concentration, purity, and application. The segments have been analyzed based on present and future trends. Regional segmentation includes the current and projected demand for electronic grade hydrofluoric acid in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers the demand for individual HF concentration, purity, and application segments in all the regions. Key players operating in the electronic grade hydrofluoric acid market include ADVANCE RESEARCH CHEMICALS. INC, Buss ChemTech AG, Derivados del Flúor, Do-Fluoride Chemicals Co., Ltd., FORMOSA DAIKIN ADVANCED CHEMICALS CO., LTD., Fujian Shaowu Yongjing Chemical Co., Ltd., Honeywell International Inc., KMG Electronic Chemicals, Loba Chemie Pvt. Ltd., Morita Chemical Industries Co.,Ltd., Qiaoli Chemical Industry Co., Ltd. (Sunlit Fluo & Chemical Co.,LTD), Qshi Industry (Shanghai) Co., Ltd., Shanghai Changhua New Energy & Technology Co., Ltd., Solvay S.A., Stella Chemifa Corporation, Xinxiang Yellow River Fine Chemical Industry Co., Ltd., Zhejiang Kaiheng Electronic Materials Co., Ltd., Zhejiang Kaisn Fluorochemical Co., Ltd., and Zhejiang Sanmei Chemical Incorporated Company. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.

The report offers the estimated market size of electronic grade hydrofluoric acid for 2017 and forecast for the next nine years. The size of the global electronic grade hydrofluoric acid market has been provided in terms of revenue and volume. Market numbers have been estimated based on HF concentration, purity, and application of electronic grade hydrofluoric acid. Market size and forecast for each major HF concentration, purity, and application have been provided in terms of the global and regional market.

In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players operating in various end-use industries, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet source, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.

Electronic Grade Hydrofluoric Acid, by HF Concentration

  • <49%
  • =>49%

Electronic Grade Hydrofluoric Acid, by Purity

  • EL
  • UP
  • UPS
  • UPSS

Electronic Grade Hydrofluoric Acid, by Application

  • Solar Cells/Photovoltaic
  • Microelectronics
  • Semiconductors
  • Others

Electronic Grade Hydrofluoric Acid, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa
    • South Africa
    • GCC
    • Rest of Middle East & Africa

Key Takeaways

  • A pervasive analysis of the electronic grade hydrofluoric acid market trends and shares from 2017 to 2026 to identify market opportunities and analyze industry developments
  • A list of key developments in the electronic grade hydrofluoric acid market made by major players
  • A list of vital factors responsible for building the upcoming opportunistic roadmap for the electronic grade hydrofluoric acid market at global, regional, and country level
  • Comprehensive analysis with respect to investments and price trends that impact the outlook of the global electronic grade hydrofluoric acid market between 2017 and 2026
  • Insights into market opportunities for various stakeholders in the value chain and detailed competition landscape for key players dominating the industry to understand competition level
  • Porters’ Five Forces analysis highlights the potency of buyers and suppliers and enables stakeholders to make profit-oriented business decisions
  • Electronic grade hydrofluoric acid manufacturing process adopted by key players in the market
  • Future potential applications stating the lucrativeness of the market for the next few years. These applications are expected to provide the ability to identify and capitalize on the fast moving sectors in the market.
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