Product Code: GVR-4-68040-476-3
Market Size & Trends:
The global semiconductor grade nitric acid market size was estimated at USD 1,268.04 million in 2023 and is projected to grow at a CAGR of 3.0% from 2024 to 2030. The market is experiencing growth due to the increasing semiconductor manufacturing industry worldwide. The rising demand for high-purity chemicals in the semiconductor industry is expected to drive the market during the projection period. Nitric acid is extensively used in producing semiconductors, primarily for cleaning and etching silicon wafers. The latest trends in the market focus on developing advanced purification techniques to achieve higher purity levels, thereby enhancing the performance of semiconductors.
Semiconductor-grade nitric acid is essential in the fabrication of integrated circuits and microelectronics. It is primarily used for cleaning silicon wafers and as an etching agent, which is crucial for achieving the high purity levels required in semiconductor production. The demand for high-purity chemicals, including nitric acid, is increasing as manufacturers strive for improved performance and reliability in electronic devices.
The rapid expansion of the electronics sector, particularly with the rise of consumer electronics, smartphones, and IoT devices, has led to increased production of semiconductors. This surge in demand directly influences the consumption of semiconductor-grade nitric acid, as it is a vital component in various manufacturing processes.
As countries invest heavily in building new semiconductor fabrication plants (fabs) to meet growing global demand, there is a corresponding increase in the need for high-quality chemicals like semiconductor-grade nitric acid. These investments are often part of national strategies to enhance self-sufficiency in semiconductor production.
Global Semiconductor Grade Nitric Acid Market Report Segmentation
This report forecasts volume & revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global semiconductor grade nitric acid market report based on application & region:
- Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- Solar Energy
- LCD Panels
- Other Applications
- Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- South Korea
- Central & South America
- Middle East and Africa
- Saudi Arabia
- South Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Semiconductor Grade Nitric Acid Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Trends
- 3.2.2. Manufacturing/ Technology Trends
- 3.2.3. Sales Channel Analysis
- 3.2.4. Price Trend Analysis
- 3.2.4.1. Factors Influencing Prices
- 3.3. Regulatory Framework, By Regions
- 3.4. Supply Demand Analysis
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Industry Challenges
- 3.5.4. Industry Opportunities
- 3.6. Industry Analysis Tools
- 3.6.1. Porter's Five Forces Analysis
- 3.6.2. Macro-environmental Analysis
Chapter 4. Semiconductor Grade Nitric Acid Market: Application Estimates & Trend Analysis
- 4.1. Application Movement Analysis & Market Share, 2023 & 2030
- 4.2. Solar Energy
- 4.2.1. Semiconductor Grade Nitric Acid Market Estimates & Forecast, in Solar Energy, 2018 to 2030 (USD Million) (Kilotons)
- 4.3. LCD Panels
- 4.3.1. Semiconductor Grade Nitric Acid Market Estimates & Forecast, in LCD Panels, 2018 to 2030 (USD Million) (Kilotons)
- 4.4. Other Applications
- 4.4.1. Semiconductor Grade Nitric Acid Market Estimates & Forecast, in Other Applications, 2018 to 2030 (USD Million) (Kilotons)
Chapter 5. Semiconductor Grade Nitric Acid Market: Regional Estimates & Trend Analysis
- 5.1. Regional Movement Analysis & Market Share, 2023 & 2030
- 5.2. North America
- 5.2.1. North America Semiconductor Grade Nitric Acid Coatings Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.2.2. U.S.
- 5.2.2.1. Key country dynamics
- 5.2.2.2. U.S. Semiconductor Grade Nitric Acid Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.2.3. Canada
- 5.2.3.1. Key country dynamics
- 5.2.3.2. Canada Semiconductor Grade Nitric Acid Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.2.4. Mexico
- 5.2.4.1. Key country dynamics
- 5.2.4.2. Mexico Semiconductor Grade Nitric Acid Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.3. Europe
- 5.3.1. Europe Opacifier Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.3.2. Germany
- 5.3.2.1. Key country dynamics
- 5.3.2.2. Germany Semiconductor Grade Nitric Acid Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.3.3. UK
- 5.3.3.1. Key country dynamics
- 5.3.3.2. UK Semiconductor Grade Nitric Acid Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.3.4. France
- 5.3.4.1. Key country dynamics
- 5.3.4.2. France Semiconductor Grade Nitric Acid Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.3.5. Italy
- 5.3.5.1. Key country dynamics
- 5.3.5.2. Italy Semiconductor Grade Nitric Acid Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.3.6. Spain
- 5.3.6.1. Key country dynamics
- 5.3.6.2. Spain Semiconductor Grade Nitric Acid Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.4. Asia Pacific
- 5.4.1. Asia Pacific Semiconductor Grade Nitric Acid Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.4.2. China
- 5.4.2.1. Key country dynamics
- 5.4.2.2. China Semiconductor Grade Nitric Acid Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.4.3. India
- 5.4.3.1. Key country dynamics
- 5.4.3.2. India Semiconductor Grade Nitric Acid Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.4.4. Japan
- 5.4.4.1. Key country dynamics
- 5.4.4.2. Japan Semiconductor Grade Nitric Acid Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.4.5. South Korea
- 5.4.5.1. Key country dynamics
- 5.4.5.2. South Korea Semiconductor Grade Nitric Acid Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.5. Central & South America
- 5.5.1. Central & South America Semiconductor Grade Nitric Acid Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.5.2. Brazil
- 5.5.2.1. Key country dynamics
- 5.5.2.2. Brazil Semiconductor Grade Nitric Acid Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.5.3. Argentina
- 5.5.3.1. Key country dynamics
- 5.5.3.2. Argentina Semiconductor Grade Nitric Acid Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.6. Middle East & Africa
- 5.6.1. Middles East & Africa Semiconductor Grade Nitric Acid Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.6.2. Saudi Arabia
- 5.6.2.1. Key country dynamics
- 5.6.2.2. Saudi Arabia Semiconductor Grade Nitric Acid Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.6.3. South Africa
- 5.6.3.1. Key country dynamics
- 5.6.3.2. South Africa Semiconductor Grade Nitric Acid Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
Chapter 6. Semiconductor Grade Nitric Acid Market - Competitive Landscape
- 6.1. Recent Developments & Impact Analysis, By Key Market Participants
- 6.2. Key Company Categorization
- 6.3. Company Market Share/Position Analysis, 2023
- 6.4. Company Heat Map Analysis
- 6.5. Vendor Landscape
- 6.5.1. List of Distributors
- 6.6. Strategy Mapping
- 6.7. Company Profiles
- 6.7.1. Dow
- 6.7.1.1. Participant's overview
- 6.7.1.2. Financial performance
- 6.7.1.3. Product benchmarking
- 6.7.1.4. Recent developments
- 6.7.2. Nutrien Ltd.
- 6.7.2.1. Participant's overview
- 6.7.2.2. Financial performance
- 6.7.2.3. Product benchmarking
- 6.7.2.4. Recent developments
- 6.7.3. CF Industries
- 6.7.3.1. Participant's overview
- 6.7.3.2. Financial performance
- 6.7.3.3. Product benchmarking
- 6.7.3.4. Recent developments
- 6.7.4. Honeywell International Inc.
- 6.7.4.1. Participant's overview
- 6.7.4.2. Financial performance
- 6.7.4.3. Product benchmarking
- 6.7.4.4. Recent developments
- 6.7.5. Central Drug House
- 6.7.5.1. Participant's overview
- 6.7.5.2. Financial performance
- 6.7.5.3. Product benchmarking
- 6.7.5.4. Recent developments
- 6.7.6. Sasol
- 6.7.6.1. Participant's overview
- 6.7.6.2. Financial performance
- 6.7.6.3. Product benchmarking
- 6.7.6.4. Recent developments
- 6.7.7. Colombus Chemicals
- 6.7.7.1. Participant's overview
- 6.7.7.2. Financial performance
- 6.7.7.3. Product benchmarking
- 6.7.7.4. Recent developments
- 6.7.8. UBE Corporation
- 6.7.8.1. Participant's overview
- 6.7.8.2. Financial performance
- 6.7.8.3. Product benchmarking
- 6.7.8.4. Recent developments
- 6.7.9. RCI Labscan Limited
- 6.7.9.1. Participant's overview
- 6.7.9.2. Financial performance
- 6.7.9.3. Product benchmarking
- 6.7.9.4. Recent developments
- 6.7.10. BASF SE
- 6.7.10.1. Participant's overview
- 6.7.10.2. Financial performance
- 6.7.10.3. Product benchmarking
- 6.7.10.4. Recent developments
- 6.7.11. Mitsubishi Chemical Corporation
- 6.7.11.1. Participant's overview
- 6.7.11.2. Financial performance
- 6.7.11.3. Product benchmarking
- 6.7.11.4. Recent developments