Growth of Electronics Sector Fuels Electronic Grade Phosphoric Acid Market

San Francisco, California, July 17, 2018 – TMR Research presents a new market study on the global electronic grade phosphoric acid market for the forecast period between 2018 and 2028. The report, titled “Electronic Grade Phosphoric Acid Market Forecast, Trend Analysis & Competition Tracking – Global Review: 2018 – 2028”, looks into each and every aspect that could have a bearing on the growth of the said market until the end of the forecast period in 2028.

The growth of electronic grade phosphoric acid market is attributed to several factors. Firstly, electronic grade phosphoric acid finds extensive application in the electronics industry. It is used during VLSI manufacturing, large screen liquid crystal display, and microelectronics. Some other use of electronic grade phosphoric acid include wet etching and wet cleaning of Integrated Circuits, microelectronic products, and chips.

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Electronic grade phosphoric acid offers enhanced IC product yield, increased reliability and liquid crystal display (LCD), and better electrical performance among other. Electronic grade phosphoric acid is an electronic chemical that offers 79-86% purity. Electronic chemicals are used for electronics that help enhance their performance.

Due to a number of favorable properties of electronic grade phosphoric acid, the growth of the electronics industry is fuelling the demand for electronic grade phosphoric acid.

Furthermore, with the development of microelectronic technology the size of electronic components is shrinking. This is fuelling demand for effective chemicals, thereby boosting the electronic grade phosphoric acid.

The global electronic grade phosphoric acid market could be segmented in terms of application and region. By application, the electronic grade phosphoric acid could be divided into semiconductors, VLSI, liquid crystal displays, and others.

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Leading players in the global electronic grade phosphoric acid market include Solvay Sa, Merck KGaA, Febex SA, Arkema, RIN KAGAKU KOGYO Co. Ltd., and Hubei Xingfa Chemicals Group Co. Ltd.