The ultra-pure sulphuric acid industry is highly promoted today as the most demanded chemical compound that can be used for numerous applications both at the industrial and household level. Ultra- purity sulfuric acid is usually traded in a high concentration of 95% at most to 98% by several chemicals company distributors and manufacturers. The other type of ultra-sulphureted sulfuric is known as low sulfur, in which it is mixed with lower molecular weight sulfuric acid to achieve the same effect as higher molecular weight sulfuric. This type of sulfur is usually marketed in lesser concentrations. It is quite popular and widely used in several industries like pharmaceuticals, food and chemical industry, nanotechnology, energy, and chemical markets. Some of the other industries that make use of this acid include paper, textile industry, leather industry, paper & rubber industry, cement industry, etc.
Increasing demand for electronic products is a prime factor driving the growth of the ultra-pure sulphuric acid market. Ultra-pure sulphuric acid is widely used in electronic devices mostly in the manufacturing of semiconductors. According to the India Brand Equity Foundation, the Indian appliance and consumer electronics (ACE) market reached Rs. 76,400 crore (US$ 10.93 billion) in 2019. Appliances and consumer electronics industry is expected to double to reach Rs. 1.48 lakh crore (US$ 21.18 billion) by 2025. It is used in its purest form i.e. crystal clear. This form is also known as electronic grade sulphuric acid. Growing bulk production of silicon wafers to manufacture integrated circuits and microchips is also projected to propel the growth of the ultra-pure sulphuric acid market.
The Asia Pacific is projected to gain significant growth over the forecast period and this is attributed to the high demand for semiconductors in the region. China is making a significant contribution to the market due to the increasing focus of key manufacturers to expand the production capacity of the product in order to cater to the growing demand. For instance, in May 2018, BASF started operations at a new electronic-grade sulfuric acid (H2SO4) plant in Jiaxing, China, to serve the country’s growing semiconductor manufacturing industry.
Key Developments:
In January 2020, CN and NorFalco Sales, announced they have signed a new multi-year agreement to provide freight transportation of Sulphuric Acid from NorFalco’s rail-served productions facilities in Sudbury
Key Players:
Sigma-Aldrich, PVS Chemicals, Kanto Chemical, KMG Chemicals, Linde, Chemtrade Logistics, Reagent Chemicals, Avantor Performance Materials, and Ineos
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