Electronic Grade Nitric Acid Market Size, Share, & Industry Analysis Report: By Type (EL Grade, VL Grade, UL Grade, and SL Grade), By Application, and By Region

Description

List of Tables

The electronic grade nitric acid market size is expected to reach USD 143.08 billion by 2034, according to a new study by Polaris Market Research. The report "Electronic Grade Nitric Acid Market Share, Size, & Industry Analysis Report: By Type (EL Grade, VL Grade, UL Grade, and SL Grade), By Application, and By Region; Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.

Electronic grade nitric acid (EGNA) is a high-purity form of nitric acid (HNO3) specifically designed for use in the semiconductor and electronics industries. Unlike industrial-grade nitric acid, which may contain impurities, EGNA undergoes rigorous purification processes to meet stringent quality standards, ensuring minimal contamination. This makes it crucial for applications such as wafer cleaning, etching, and the removal of metallic residues during the fabrication of integrated circuits (ICs) and other microelectronic devices.

The rapid expansion of the semiconductor industry, driven by the proliferation of IoT devices, 5G technology, and artificial intelligence (AI), is boosting the demand for electronic grade nitric acid. The miniaturization of semiconductor components, particularly in nodes below 10 nanometers, is necessitating ultra-clean processing. EGNA plays a critical role in ensuring the precision and reliability of these processes, as even minute contaminants can lead to circuit failures or reduced performance.

Electronic Grade Nitric Acid Market Report Highlights

In terms of type, the EL grade segment dominated the electronic grade nitric acid market share in 2024 due to its widespread use in semiconductor manufacturing processes such as wafer cleaning, etching, and doping.

Based on application, the semiconductor segment accounted for a major market share in 2024 due to the critical role high-purity nitric acid plays in integrated circuit manufacturing.

The solar energy segment is expected to grow at a robust pace in the coming years, owing to the growing shift toward renewable energy sources, where high-purity nitric acid is essential for producing high-efficiency solar cells.

In 2024, Asia Pacific dominated the market share due to its strong presence in the global semiconductor and electronics manufacturing industries.

The market in North America is expected to grow at a robust pace in the coming years, owing to the ongoing strategic efforts to strengthen domestic semiconductor production.

The Europe electronic grade nitric acid market is expected to hold a substantial market share in the coming years, owing to the established base of specialty chemical manufacturers and growing investments in semiconductor and electronics production.

A few global key market players include Asia Union Electronic Chemicals; BASF; Columbus Chemicals; EuroChem; Everest Kanto Cylinder; Juhua Group; KMG Electronic Chemicals; Mitsubishi Chemical Corporation; Suzhou Crystal Clear Chemical Co., Ltd.; thyssenkrupp Uhde; and UBE Corporation.

Polaris Market Research has segmented the market report on the basis of type, application, and region:

By Type Outlook (Revenue, USD Billion, 2020-2034)

EL Grade

VL Grade

UL Grade

SL Grade

By Application Outlook (Revenue, USD Billion, 2020-2034)

Semiconductor

Solar Energy

LCD Panel

Others

By Regional Outlook (Revenue, USD Billion, 2020-2034)

North America

Canada

Europe

Germany

France

Italy

Spain

Netherlands

Russia

Rest of Europe

Asia Pacific

China

Japan

India

Malaysia

South Korea

Indonesia

Australia

Vietnam

Rest of Asia Pacific

Middle East & Africa

Saudi Arabia

UAE

Israel

South Africa

Rest of Middle East & Africa

Latin America

Mexico

Brazil

Argentina

Rest of Latin America

Product Code: PM5702

1. Introduction

1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary

2.1. Market Highlights

3. Research Methodology

3.1. Overview
- 3.1.1. Data Mining
3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources

4. Global Electronic Grade Nitric Acid Market Insights

4.1. Electronic Grade Nitric Acid Market - Market Snapshot
4.2. Electronic Grade Nitric Acid Market Dynamics
- 4.2.1. Drivers and Opportunities
  - 4.2.1.1. Increasing demand for electronic devices worldwide
  - 4.2.1.2. Ongoing trend towards miniaturization of electronic devices
- 4.2.2. Restraints and Challenges
  - 4.2.2.1. Corrosive and toxic nature
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Electronic Grade Nitric Acid Market Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global Electronic Grade Nitric Acid Market, by Type

5.1. Key Findings
5.2. Introduction
- 5.2.1. Global Electronic Grade Nitric Acid Market, by Type, 2020-2034 (USD Billion)
5.3. EL Grade
- 5.3.1. Global Electronic Grade Nitric Acid Market, by EL Grade, by Region, 2020-2034 (USD Billion)
5.4. VL Grade
- 5.4.1. Global Electronic Grade Nitric Acid Market, by VL Grade, by Region, 2020-2034 (USD Billion)
5.5. UL Grade
- 5.5.1. Global Electronic Grade Nitric Acid Market, by UL Grade, by Region, 2020-2034 (USD Billion)
5.6. SL Grade
- 5.6.1. Global Electronic Grade Nitric Acid Market, SL Grade, by Region, 2020-2034 (USD Billion)

6. Global Electronic Grade Nitric Acid Market, by Application

6.1. Key Findings
6.2. Introduction
- 6.2.1. Global Electronic Grade Nitric Acid Market, by Application, 2020-2034 (USD Billion)
6.3. Semiconductor
- 6.3.1. Global Electronic Grade Nitric Acid Market, by Semiconductor, by Region, 2020-2034 (USD Billion)
6.4. Solar Energy
- 6.4.1. Global Electronic Grade Nitric Acid Market, by Solar Energy, by Region, 2020-2034 (USD Billion)
6.5. LCD Panel
- 6.5.1. Global Electronic Grade Nitric Acid Market, by LCD Panel, by Region, 2020-2034 (USD Billion)
6.6. Others
- 6.6.1. Global Electronic Grade Nitric Acid Market, by Others, by Region, 2020-2034 (USD Billion)

7. Global Electronic Grade Nitric Acid Market, by Geography

7.1. Key Findings
7.2. Introduction
- 7.2.1. Electronic Grade Nitric Acid Market Assessment, By Geography, 2020-2034 (USD Billion)
7.3. Electronic Grade Nitric Acid Market - North America
- 7.3.1. North America: Electronic Grade Nitric Acid Market, by Type, 2020-2034 (USD Billion)
- 7.3.2. North America: Electronic Grade Nitric Acid Market, by Application, 2020-2034 (USD Billion)
- 7.3.3. Electronic Grade Nitric Acid Market - U.S.
  - 7.3.3.1. U.S.: Electronic Grade Nitric Acid Market, by Type, 2020-2034 (USD Billion)
  - 7.3.3.2. U.S.: Electronic Grade Nitric Acid Market, by Application, 2020-2034 (USD Billion)
- 7.3.4. Electronic Grade Nitric Acid Market - Canada
  - 7.3.4.1. Canada: Electronic Grade Nitric Acid Market, by Type, 2020-2034 (USD Billion)
  - 7.3.4.2. Canada: Electronic Grade Nitric Acid Market, by Application, 2020-2034 (USD Billion)
7.4. Electronic Grade Nitric Acid Market - Europe
- 7.4.1. Europe: Electronic Grade Nitric Acid Market, by Type, 2020-2034 (USD Billion)
- 7.4.2. Europe: Electronic Grade Nitric Acid Market, by Application, 2020-2034 (USD Billion)
- 7.4.3. Electronic Grade Nitric Acid Market - UK
  - 7.4.3.1. UK: Electronic Grade Nitric Acid Market, by Type, 2020-2034 (USD Billion)
  - 7.4.3.2. UK: Electronic Grade Nitric Acid Market, by Application, 2020-2034 (USD Billion)
- 7.4.4. Electronic Grade Nitric Acid Market - France
  - 7.4.4.1. France: Electronic Grade Nitric Acid Market, by Type, 2020-2034 (USD Billion)
  - 7.4.4.2. France: Electronic Grade Nitric Acid Market, by Application, 2020-2034 (USD Billion)
- 7.4.5. Electronic Grade Nitric Acid Market - Germany
  - 7.4.5.1. Germany: Electronic Grade Nitric Acid Market, by Type, 2020-2034 (USD Billion)
  - 7.4.5.2. Germany: Electronic Grade Nitric Acid Market, by Application, 2020-2034 (USD Billion)
- 7.4.6. Electronic Grade Nitric Acid Market - Italy
  - 7.4.6.1. Italy: Electronic Grade Nitric Acid Market, by Type, 2020-2034 (USD Billion)
  - 7.4.6.2. Italy: Electronic Grade Nitric Acid Market, by Application, 2020-2034 (USD Billion)
- 7.4.7. Electronic Grade Nitric Acid Market - Spain
  - 7.4.7.1. Spain: Electronic Grade Nitric Acid Market, by Type, 2020-2034 (USD Billion)
  - 7.4.7.2. Spain: Electronic Grade Nitric Acid Market, by Application, 2020-2034 (USD Billion)
- 7.4.8. Electronic Grade Nitric Acid Market - Netherlands
  - 7.4.8.1. Netherlands: Electronic Grade Nitric Acid Market, by Type, 2020-2034 (USD Billion)
  - 7.4.8.2. Netherlands: Electronic Grade Nitric Acid Market, by Application, 2020-2034 (USD Billion)
- 7.4.9. Electronic Grade Nitric Acid Market - Russia
  - 7.4.9.1. Russia: Electronic Grade Nitric Acid Market, by Type, 2020-2034 (USD Billion)
  - 7.4.9.2. Russia: Electronic Grade Nitric Acid Market, by Application, 2020-2034 (USD Billion)
- 7.4.10. Electronic Grade Nitric Acid Market - Rest of Europe
  - 7.4.10.1. Rest of Europe: Electronic Grade Nitric Acid Market, by Type, 2020-2034 (USD Billion)
  - 7.4.10.2. Rest of Europe: Electronic Grade Nitric Acid Market, by Application, 2020-2034 (USD Billion)
7.5. Electronic Grade Nitric Acid Market - Asia Pacific
- 7.5.1. Asia Pacific: Electronic Grade Nitric Acid Market, by Type, 2020-2034 (USD Billion)
- 7.5.2. Asia Pacific: Electronic Grade Nitric Acid Market, by Application, 2020-2034 (USD Billion)
- 7.5.3. Electronic Grade Nitric Acid Market - China
  - 7.5.3.1. China: Electronic Grade Nitric Acid Market, by Type, 2020-2034 (USD Billion)
  - 7.5.3.2. China: Electronic Grade Nitric Acid Market, by Application, 2020-2034 (USD Billion)
- 7.5.4. Electronic Grade Nitric Acid Market - India
  - 7.5.4.1. India: Electronic Grade Nitric Acid Market, by Type, 2020-2034 (USD Billion)
  - 7.5.4.2. India: Electronic Grade Nitric Acid Market, by Application, 2020-2034 (USD Billion)
- 7.5.5. Electronic Grade Nitric Acid Market - Malaysia
  - 7.5.5.1. Malaysia: Electronic Grade Nitric Acid Market, by Type, 2020-2034 (USD Billion)
  - 7.5.5.2. Malaysia: Electronic Grade Nitric Acid Market, by Application, 2020-2034 (USD Billion)
- 7.5.6. Electronic Grade Nitric Acid Market - Japan
  - 7.5.6.1. Japan: Electronic Grade Nitric Acid Market, by Type, 2020-2034 (USD Billion)
  - 7.5.6.2. Japan: Electronic Grade Nitric Acid Market, by Application, 2020-2034 (USD Billion)
- 7.5.7. Electronic Grade Nitric Acid Market - Indonesia
  - 7.5.7.1. Indonesia: Electronic Grade Nitric Acid Market, by Type, 2020-2034 (USD Billion)
  - 7.5.7.2. Indonesia: Electronic Grade Nitric Acid Market, by Application, 2020-2034 (USD Billion)
- 7.5.8. Electronic Grade Nitric Acid Market - South Korea
  - 7.5.8.1. South Korea: Electronic Grade Nitric Acid Market, by Type, 2020-2034 (USD Billion)
  - 7.5.8.2. South Korea: Electronic Grade Nitric Acid Market, by Application, 2020-2034 (USD Billion)
- 7.5.9. Electronic Grade Nitric Acid Market - Australia
  - 7.5.9.1. Australia: Electronic Grade Nitric Acid Market, by Type, 2020-2034 (USD Billion)
  - 7.5.9.2. Australia: Electronic Grade Nitric Acid Market, by Application, 2020-2034 (USD Billion)
- 7.5.10. Electronic Grade Nitric Acid Market - Rest of Asia Pacific
  - 7.5.10.1. Rest of Asia Pacific: Electronic Grade Nitric Acid Market, by Type, 2020-2034 (USD Billion)
  - 7.5.10.2. Rest of Asia Pacific: Electronic Grade Nitric Acid Market, by Application, 2020-2034 (USD Billion)
7.6. Electronic Grade Nitric Acid Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Electronic Grade Nitric Acid Market, by Type, 2020-2034 (USD Billion)
- 7.6.2. Middle East & Africa: Electronic Grade Nitric Acid Market, by Application, 2020-2034 (USD Billion)
- 7.6.3. Electronic Grade Nitric Acid Market - Saudi Arabia
  - 7.6.3.1. Saudi Arabia: Electronic Grade Nitric Acid Market, by Type, 2020-2034 (USD Billion)
  - 7.6.3.2. Saudi Arabia: Electronic Grade Nitric Acid Market, by Application, 2020-2034 (USD Billion)
- 7.6.4. Electronic Grade Nitric Acid Market - UAE
  - 7.6.4.1. UAE: Electronic Grade Nitric Acid Market, by Type, 2020-2034 (USD Billion)
  - 7.6.4.2. UAE: Electronic Grade Nitric Acid Market, by Application, 2020-2034 (USD Billion)
- 7.6.5. Electronic Grade Nitric Acid Market - Israel
  - 7.6.5.1. Israel: Electronic Grade Nitric Acid Market, by Type, 2020-2034 (USD Billion)
  - 7.6.5.2. Israel: Electronic Grade Nitric Acid Market, by Application, 2020-2034 (USD Billion)
- 7.6.6. Electronic Grade Nitric Acid Market - South Africa
  - 7.6.6.1. South Africa: Electronic Grade Nitric Acid Market, by Type, 2020-2034 (USD Billion)
  - 7.6.6.2. South Africa: Electronic Grade Nitric Acid Market, by Application, 2020-2034 (USD Billion)
- 7.6.7. Electronic Grade Nitric Acid Market - Rest of Middle East & Africa
  - 7.6.7.1. Rest of Middle East & Africa: Electronic Grade Nitric Acid Market, by Type, 2020-2034 (USD Billion)
  - 7.6.7.2. Rest of Middle East & Africa: Electronic Grade Nitric Acid Market, by Application, 2020-2034 (USD Billion)
7.7. Electronic Grade Nitric Acid Market - Latin America
- 7.7.1. Latin America: Electronic Grade Nitric Acid Market, by Type, 2020-2034 (USD Billion)
- 7.7.2. Latin America: Electronic Grade Nitric Acid Market, by Application, 2020-2034 (USD Billion)
- 7.7.3. Electronic Grade Nitric Acid Market - Mexico
  - 7.7.3.1. Mexico: Electronic Grade Nitric Acid Market, by Type, 2020-2034 (USD Billion)
  - 7.7.3.2. Mexico: Electronic Grade Nitric Acid Market, by Application, 2020-2034 (USD Billion)
- 7.7.4. Electronic Grade Nitric Acid Market - Brazil
  - 7.7.4.1. Brazil: Electronic Grade Nitric Acid Market, by Type, 2020-2034 (USD Billion)
  - 7.7.4.2. Brazil: Electronic Grade Nitric Acid Market, by Application, 2020-2034 (USD Billion)
- 7.7.5. Electronic Grade Nitric Acid Market - Argentina
  - 7.7.5.1. Argentina: Electronic Grade Nitric Acid Market, by Type, 2020-2034 (USD Billion)
  - 7.7.5.2. Argentina: Electronic Grade Nitric Acid Market, by Application, 2020-2034 (USD Billion)
- 7.7.6. Electronic Grade Nitric Acid Market - Rest of Latin America
  - 7.7.6.1. Rest of Latin America: Electronic Grade Nitric Acid Market, by Type, 2020-2034 (USD Billion)
  - 7.7.6.2. Rest of Latin America: Electronic Grade Nitric Acid Market, by Application, 2020-2034 (USD Billion)

8. Competitive Landscape

8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions

9. Company Profiles

9.1. Asia Union Electronic Chemicals
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
9.2. BASF
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
9.3. Columbus Chemicals
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
9.4. EuroChem
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
9.5. Everest Kanto Cylinder
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
9.6. Juhua Group
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
9.7. KMG Electronic Chemicals
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
9.8. Mitsubishi Chemical Corporation
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
9.9. Suzhou Crystal Clear Chemical Co., Ltd.
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
9.10. thyssenkrupp Uhde
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
9.11. UBE Corporation
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development