From Globe Newswire: 2025-06-17 10:00:00

The Electronic Grade Nitric Acid Market was valued at USD 87.80 million in 2024 and is projected to reach USD 135.10 million by 2032, with a CAGR of 5.54%. High-tech industries are driving the demand for ultra-pure nitric acid in semiconductor and electronics manufacturing, leading to increased production capacities by companies like BASF and Honeywell.

In the U.S., the Electronic Grade Nitric Acid market reached USD 13.91 million in 2024, with a 72% market share. Heavy investments in semiconductor fabs and renewable energy sectors are fueling market growth, with companies like Honeywell and DuPont scaling production to meet increasing demand. Stringent EPA regulations ensure quality and environmental safety.

The Ultra-High Purity segment dominated the Electronic Grade Nitric Acid Market in 2024 with a 51.6% market share, driven by semiconductor manufacturing requirements for wafer cleaning and etching. Leading manufacturers like Intel and TSMC rely on ultra-high purity nitric acid, with BASF’s purification technology ensuring consistent supply. Investments in advanced fabrication tools further boost demand.

Semiconductor applications held a 57.2% market share in the Electronic Grade Nitric Acid Market in 2024, driven by the crucial role of nitric acid in semiconductor fabrication processes. The demand for semiconductors across various industries like consumer electronics and data centers is propelling growth. Collaboration between key players and chemical suppliers ensures compliance with electronic grade standards.

Asia Pacific dominated the Electronic Grade Nitric Acid Market in 2024, holding a 44.3% market share, driven by strong semiconductor manufacturing bases in countries like China, Taiwan, and South Korea. Government initiatives and investments in fabs support local production, with growing industries like solar and LCD panels further increasing demand. Key chemical producers have regional facilities, strengthening the region’s market dominance.



Read more at Globe Newswire: Electronic Grade Nitric Acid Market to Reach USD 135.10