Global Electronic Grade Phosphoric Acid Market Size is Expected to Grow to $1657.31 Million by 2028

Global Electronic Grade Phosphoric Acid Market Overview

According to Global Market Monitor, the global electronic grade phosphoric acid market size is expected to reach $1657.31 million with a CAGR of 6.68% from 2023 to 2028.

The electronic grade phosphoric acid is a kind of high-purity phosphoric acid. It is widely used in large-scale integrated circuits, thin film liquid crystal displays (TFT-LCD), and other microelectronics industries. It is mainly used for chip cleaning and etching, and preparation of high-purity phosphate, and can also be used as an ultra-high-purity reagent and optical fiberglass raw materials.

In recent years, emerging applications such as cloud computing, the Internet of Things, and artificial intelligence have entered a stage of rapid development, which stimulates the demand for high-end integrated circuits, power devices, radio frequency devices, and other products, while also driving innovation in chip technologies such as sensors, and connection chips. With the popularization of new fields and applications and the development of emerging markets, the market prospects of the semiconductor and electronics industry are optimistic. The expansion of downstream markets will drive sales of electronic-grade phosphoric acid products.

Global Electronic Grade Phosphoric Acid Market Overview

According to Global Market Monitor, the global electronic grade phosphoric acid market size is expected to reach $1657.31 million with a CAGR of 6.68% from 2023 to 2028.

The electronic grade phosphoric acid is a kind of high-purity phosphoric acid. It is widely used in large-scale integrated circuits, thin film liquid crystal displays (TFT-LCD), and other microelectronics industries. It is mainly used for chip cleaning and etching, and preparation of high-purity phosphate, and can also be used as an ultra-high-purity reagent and optical fiberglass raw materials.

In recent years, emerging applications such as cloud computing, the Internet of Things, and artificial intelligence have entered a stage of rapid development, which stimulates the demand for high-end integrated circuits, power devices, radio frequency devices, and other products, while also driving innovation in chip technologies such as sensors, and connection chips. With the popularization of new fields and applications and the development of emerging markets, the market prospects of the semiconductor and electronics industry are optimistic. The expansion of downstream markets will drive sales of electronic-grade phosphoric acid products.

Drivers	Growing Demand For Renewable Energy Sources Fuels
	Increasing Demand for Electronics and Semiconductor Applications
	Product Improvements and Updates
Limitations	High Cost of Production
	Limited Availability of Raw Materials