1 Different Types of Electronic Grade Hydrochloric Acid Market
Based on type, the Electronic Grade Hydrochloric Acid is primarily split into Concentration: 31-33% and Concentration>33%.
Table Different Types of Electronic Grade Hydrochloric Acid
Types | Description |
Concentration: 31-33% | The electronic-grade hydrochloric acid market can be categorized into two types based on its concentration. The first type consists of hydrochloric acid with a concentration ranging from 31-33%. This concentration level can used in the electronics industry for applications such as cleaning and etching electronic components. |
Concentration>33% | The second type comprises hydrochloric acid with a concentration higher than 33%. This higher concentration is typically employed as a raw material in the production of microchips and electronic devices due to its superior purity and reactivity. Both types play crucial roles in various electronic manufacturing processes, semiconductors, display panels, the solar industry, and the pharmaceutical field. |
2 Different Applications of Electronic Grade Hydrochloric Acid Market
Based on applications, the Electronic Grade Hydrochloric Acid is primarily split into Semiconductor, Display Panel, Solar Industry, and Pharmaceutical.
TTable Different Applications of Electronic Grade Hydrochloric Acid
Applications | Description |
A semiconductor is a material that has an electrical conductivity value falling between that of a conductor, such as copper, and an insulator, such as glass. Semiconductors are employed in the manufacture of various kinds of electronic devices, including diodes, transistors, and integrated circuits. Electronic grade hydrochloric acid can be used in the production of semiconductor components, the assembly of ultra-large-scale integrated circuits, as well as cleaning and corrosion during processing. | |
Display Panel | A panel display is an electronic display used to display visual content such as text or images. It is present in consumer, medical, transportation, and industrial equipment. |
Solar Industry | The solar industry ‘s strong growth and many benefits have it primed to become a key aspect of renewable energy resources in the future. From solar panel production to the solar conversion process itself, there are a number of common chemicals utilized, which include Electronic Grade Hydrochloric Acid. Specifically, the processed silicon used in solar cells is almost completely pure – sometimes up to 99.6 percent purity. But that is often not pure enough for effective use. In these cases, the silicon must go through more chemical processing, where it is mixed with copper and hydrochloric acid. |
Pharmaceutical | In the pharmaceutical industry, Electronic Grade Hydrochloric Acid can be used for drug formulation and manufacturing, as well as in laboratory research. |
Other | In addition to the above applications, Electronic Grade Hydrochloric Acid is used in other fields such as chemistry. |
3 Global Electronic Grade Hydrochloric Acid Sales by Type
From 2018 to 2023, the global sales of Electronic Grade Hydrochloric Acid (EGHA) were categorized into two primary concentrations: 31-33% and over 33%. In 2018, the sales for the 31-33% concentration were 3,937 tons, and by 2023, this figure increased to 4,901 tons, illustrating a steady growth pattern. In contrast, the sales of EGHA with a concentration greater than 33% were significantly higher, beginning at 10,530 tons in 2018 and escalating to 13,935 tons in 2023, clearly indicating that this higher concentration grade accounts for the majority of the market share and has experienced a substantial increase over the five-year period.
Table Global Electronic Grade Hydrochloric Acid Sales (Tons) by Types (2018-2023)
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Concentration: 31-33% | 3937 | 4162 | 3971 | 4414 | 4582 | 4901 |
Concentration>33% | 10530 | 11269 | 10873 | 12191 | 12812 | 13935 |
Total | 14467 | 15431 | 14844 | 16605 | 17394 | 18836 |
4 Global Electronic Grade Hydrochloric Acid Sales by Application
From 2018 to 2023, the global sales of Electronic Grade Hydrochloric Acid (EGHA) across various applications were led by the semiconductor industry, which accounted for a significant share of the market. In 2018, semiconductor applications initiated with 6,820 tons and experienced a gradual increase, reaching 8,897 tons by 2023. The display panel sector also demonstrated a substantial consumption, starting at 4,813 tons in 2018 and growing to 6,024 tons over the same period. The solar industry and pharmaceutical applications, while smaller in comparison, showed consistent growth, with the solar industry beginning at 1,609 tons and expanding to 2,340 tons by 2023, and the pharmaceutical sector increasing from 647 tons to 879 tons. Other applications also contributed to the total sales, which summed up to 14,467 tons in 2018 and escalated to 18,836 tons by 2023, reflecting the diverse and expanding utilization of EGHA in multiple industries.
Table Global Electronic Grade Hydrochloric Acid Sales (Tons) by Applications (2018-2023)
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Semiconductor | 6820 | 7267 | 7001 | 7849 | 8196 | 8897 |
Display panel | 4813 | 5094 | 4861 | 5394 | 5604 | 6024 |
Solar industry | 1609 | 1753 | 1719 | 1964 | 2131 | 2340 |
Pharmaceutical | 647 | 698 | 682 | 766 | 809 | 879 |
Other | 577 | 619 | 581 | 631 | 653 | 696 |
Total | 14467 | 15431 | 14844 | 16605 | 17394 | 18836 |
5 Global Electronic Grade Hydrochloric Acid Market Forecast by Type
5.1 Global Electronic Grade Hydrochloric Acid Sales Forecast by Type
The global sales forecast for Electronic Grade Hydrochloric Acid (EGHA) by types from 2023 to 2028 indicates a continued growth trend. The sales for the concentration of 31-33% are expected to rise from 4,901 tons in 2023 to 7,049 tons by 2028, while the higher concentration grades, those above 33%, are projected to increase more substantially from 13,935 tons to 21,281 tons over the same period. This forecast reflects the expanding demand for EGHA, particularly for higher concentration grades, which are anticipated to dominate the market share in the coming years due to their critical applications in the semiconductor and other high-tech industries.
Table Global Electronic Grade Hydrochloric Acid Sales (Tons) by Types (2023-2028)
| 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
Concentration: 31-33% | 4901 | 5303 | 5707 | 6070 | 6539 | 7049 |
Concentration>33% | 13935 | 15259 | 16605 | 17812 | 19421 | 21281 |
Total | 18836 | 20562 | 22312 | 23883 | 25960 | 28330 |
5.2 Global Electronic Grade Hydrochloric Acid Value Forecast by Type
The global value of electronic grade hydrochloric acid is anticipated to escalate from $140.70 million in 2023 to $203.64 million by 2028, with the market share divided between hydrochloric acid concentrations of 31-33% and over 33%. The segment with a concentration greater than 33% is expected to dominate, holding a market share of approximately 79.18% in 2023, while the 31-33% concentration segment will account for the remaining share. This growth is driven by the increasing utilization of electronic grade hydrochloric acid in the manufacturing of semiconductors, display panels, and other advanced electronic components, which necessitates high purity acids, thus propelling the market value for both concentration types.
Table Global Electronic Grade Hydrochloric Acid Value (M USD) by Types (2023-2028)
| 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
Concentration: 31-33% | 29.29 | 31.36 | 33.38 | 35.93 | 38.21 | 40.53 |
Concentration>33% | 111.41 | 120.63 | 129.73 | 140.77 | 151.40 | 163.10 |
Total | 140.70 | 151.99 | 163.11 | 176.71 | 189.61 | 203.64 |
6 Global Electronic Grade Hydrochloric Acid Market Forecast by Application
6.1 Global Electronic Grade Hydrochloric Acid Sales Forecast by Applications
The global sales of electronic grade hydrochloric acid across all applications are anticipated to experience a significant increase from 18,836 tons in 2023 to 28,330 tons by 2028. This expansion is driven by the semiconductor segment, which is expected to lead with sales growing from 8,897 tons to 13,480 tons over the same period, reflecting the substantial demand for electronic grade hydrochloric acid in the production of advanced electronic components. The display panel application will also contribute significantly to the market growth, with sales projected to rise from 6,024 tons to 8,709 tons by 2028. The solar industry and pharmaceutical applications, although smaller in comparison, will also show a positive growth trend, with the solar industry sales increasing from 2,340 tons to 3,878 tons and the pharmaceutical sector from 879 tons to 1,381 tons during the forecast period. Other applications will similarly follow an upward trajectory, adding to the overall market growth. These projections indicate the broad reliance on electronic grade hydrochloric acid across various high-tech industries, underlining its importance in modern manufacturing processes.
Table Global Electronic Grade Hydrochloric Acid Sales (Tons) by Applications (2023-2028)
| 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
Semiconductor | 8897 | 9701 | 10543 | 11311 | 12324 | 13480 |
Display panel | 6024 | 6524 | 7024 | 7457 | 8040 | 8709 |
Solar industry | 2340 | 2609 | 2886 | 3156 | 3504 | 3878 |
Pharmaceutical | 879 | 971 | 1070 | 1151 | 1261 | 1381 |
Other | 696 | 756 | 789 | 808 | 831 | 881 |
Total | 18836 | 20562 | 22312 | 23883 | 25960 | 28330 |
6.2 Global Electronic Grade Hydrochloric Acid Value Forecast by Applications
The global value of electronic grade hydrochloric acid market in various applications is projected to increase from $140.70 million in 2023 to $203.64 million by 2028, with semiconductors accounting for the largest share at 54.37% in 2023, followed by display panels at 29.72%, solar industry at 8.49%, pharmaceuticals at 4.45%, and others at 2.96%. This growth is indicative of the escalating demand for electronic grade hydrochloric acid in the production of semiconductors, display panels, and other high-tech applications, reflecting the expanding role of this chemical in the global electronics industry.
Table Global Electronic Grade Hydrochloric Acid Value (M USD) by Applications (2023-2028)
| 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
Semiconductor | 76.51 | 82.56 | 88.73 | 96.35 | 103.62 | 111.55 |
Display panel | 41.82 | 44.82 | 47.72 | 51.27 | 54.57 | 58.18 |
Solar industry | 11.95 | 13.18 | 14.42 | 15.96 | 17.49 | 19.05 |
Pharmaceutical | 6.26 | 6.84 | 7.46 | 8.12 | 8.78 | 9.46 |
Other | 4.17 | 4.59 | 4.79 | 5.01 | 5.14 | 5.40 |
Total | 140.70 | 151.99 | 163.11 | 176.71 | 189.61 | 203.64 |
