Electronic-grade nitric acid is refined pure nitric acid, a high-purity chemical with a purity of up to 99.999%, a temperature of up to 120℃, and a melting point of -41℃.

Overview of Market Development

Electronic-grade nitric acid, as a high-purity chemical, plays a crucial role in semiconductor manufacturing, photovoltaic cell production, display panel manufacturing, and other fields. With the continuous advancement of technology and the improvement of process requirements, the purity requirements for electronic-grade nitric acid are also increasing, which has promoted the steady development of the market. According to our research data, the estimated revenue of the global electronic-grade nitric acid market in 2024 is $110 million, an increase of 3.77% compared to 2023.

Looking ahead, with the global economic recovery and rapid development of various industries, the electronic-grade nitric acid market is expected to continue to maintain stable growth. It is expected that by 2029, the global electronic-grade nitric acid market revenue will continue to increase to $135 million. In addition, the strengthening of environmental policies and the increasing demand for electronic product quality from consumers will also promote the development of the electronic-grade nitric acid market towards higher purity and environmental protection.

Segmented Market Analysis

From the perspective of product types, electronic grade nitric acid can usually be classified into four levels based on purity: EL level, VL level, UL level, and SL level. Among them, EL electronic-grade nitric acid holds the highest market share, estimated at 41.77% in 2024.

From downstream applications, electronic-grade nitric acid is widely used in fields such as semiconductors, solar energy, and LCD panel manufacturing. Among them, the semiconductor industry is the largest downstream application market, with an expected application share of 41.75% by 2024.

Source: www.globalmarketmonitor.com

Market Analysis of Major Regions/Countries

From a regional perspective, the global electronic-grade nitric acid market is dominated by the Asia Pacific region. The consumption of electronic-grade nitric acid in the Asia Pacific region accounts for over 70% of the global total consumption. From a national perspective, Japan is the largest consumer country. According to the data, the estimated consumption of electronic grade nitric acid in Japan in 2024 is 51.2k tons, with an expected consumption proportion of 39.30%; China is the second largest consumer country, with an estimated 33.19% of electronic grade nitric acid consumption in 2024.

Global Electronic-Grade Nitric Acid Consumption and Proportion by Region/Country Forecast in 2024

Regions/Countries	Consumption (K Tons)	Proportion
North America	23.0	14.93%
Europe	15.0	9.75%
China	51.2	33.19%
Japan	60.7	39.30%
Others	4.4	2.83%