Market Research Report
COVID-19 Impact on Global Ultra-Pure Sulfuric Acid Market Insights, Forecast to 2027
|Published by||QYResearch||Product code||943925|
|Published||Content info||131 Pages
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|COVID-19 Impact on Global Ultra-Pure Sulfuric Acid Market Insights, Forecast to 2027|
|Published: June 24, 2020||Content info: 131 Pages||
Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 200 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt and will significantly affect the Ultra-Pure Sulfuric Acid market in 2020.
COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.
The High Purity Sulfuric Acid market has been experiencing high growth during the past years especially in China. Leading suppliers like BASF and Mitsubishi Chemical have claimed major expansion since 2013. As the development of China mainland semiconductor industry, more players are setting new plants in China to prepare for the fast growth of China IC market. The supply and consumption of High Purity Sulfuric Acid would gradually shift from Taiwan and Japan to China Mainland in the coming years. Post-COVID-19 scenario, the market for Ultra-Pure Sulfuric Acid is projected to grow from US$ 255.95 million in 2020 to US$ 398.75 million by 2027; it is expected to grow at a CAGR of 6.54% during 2021-2027.
Ultra-Pure Sulfuric Acid market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Ultra-Pure Sulfuric Acid market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type, and by Application for the period 2015-2027.