Electronic Grade Nitric Acid Market Trends:
The global electronic grade nitric acid market size was valued at USD 87.8 million in 2024 and is expected to grow at a CAGR of 5.5% from 2025 to 2030. The growth of the global market for electronic-grade nitric acid is primarily driven by the increasing demand for electronic devices worldwide. This acid is crucial in the cleaning and etching processes during semiconductor manufacturing and is essential for producing high-performance electronics.
Electronic grade nitric acid is a highly pure form of nitric acid used in the electronics industry for cleaning and etching silicon wafers and other electronic components. It is produced through a multi-stage distillation process to achieve a purity level of 99.999% or higher. Additionally, technological advancements and the growth of industries such as electronics and semiconductors further propel the demand for high-purity nitric acid. The expansion of the electronics sector, especially in developing countries, coupled with the trend towards miniaturization of electronic components, further fuels market growth.
As the global emphasis on renewable energy sources intensifies, the demand for photovoltaic cells, which convert sunlight into electricity, has surged. Electronic-grade nitric acid is used in the texturization process of silicon wafers to improve the efficiency of photovoltaic cells. This application significantly contributes to the growing demand for electronic-grade nitric acid, driven by the expanding solar energy sector.
The ongoing trend towards miniaturization of electronic devices, coupled with advancements in technology, necessitates the use of high-purity chemicals like electronic grade nitric acid. The need for smaller, more complex devices with higher performance standards increases the reliance on materials that can ensure the highest levels of precision and cleanliness in manufacturing processes.
However, nitric acid is highly corrosive and toxic, posing substantial risks during production, transport, and storage. Handling nitric acid requires specific safety measures to protect workers and prevent environmental contamination. Regulatory bodies worldwide have imposed strict guidelines on using, storing, and disposing of hazardous chemicals, including nitric acid.
Global Electronic Grade Nitric Acid Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and analyzes the latest industry trends in each sub-segment from 2018 to 2030. For this study, Grand View Research has segmented the global electronic grade nitric acid market report based on, product type, application, and region.
- Product Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- EL Grade
- VL Grade
- UL Grade
- SL Grade
- Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- Semiconductor
- Solar Energy
- LCD Panel
- Others
- Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- South Korea
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Electronic Grade Nitric Acid Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Regulatory Framework
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Industry Analysis Tools
- 3.5.1. Porter's Five Forces Analysis
- 3.5.2. Macro-environmental Analysis
Chapter 4. Electronic Grade Nitric Acid Market: Product Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Electronic Grade Nitric Acid Market: Product Type Movement Analysis & Market Share, 2024 & 2030
- 4.3. EL Grade
- 4.3.1. EL Grade Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.4. VL Grade
- 4.4.1. VL Grade Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.5. UL Grade
- 4.5.1. UL Grade Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.6. SL Grade
- 4.6.1. SL Grade Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5. Electronic Grade Nitric Acid Market: Application Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Electronic Grade Nitric Acid Market: Application Movement Analysis & Market Share, 2024 & 2030
- 5.3. Semiconductor
- 5.3.1. Semiconductor Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4. Solar Energy
- 5.4.1. Solar Energy Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.5. LCD Panel
- 5.5.1. LCD Panel Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.6. Others
- 5.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6. Electronic Grade Nitric Acid Market: Regional Estimates & Trend Analysis
- 6.1. Regional Movement Analysis & Market Share, 2024 & 2030
- 6.2. North America
- 6.2.1. North America Chemical Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.2. U.S.
- 6.2.2.1. Key Country Dynamics
- 6.2.2.2. U.S. Electronic Grade Nitric Acid Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.3. Canada
- 6.2.3.1. Key Country Dynamics
- 6.2.3.2. Canada Electronic Grade Nitric Acid Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.4. Mexico
- 6.2.4.1. Key Country Dynamics
- 6.2.4.2. Mexico Electronic Grade Nitric Acid Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.3. Europe
- 6.3.1. Europe Chemical Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.2. Germany
- 6.3.2.1. Key Country Dynamics
- 6.3.2.2. Germany Electronic Grade Nitric Acid Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.3. UK
- 6.3.3.1. Key Country Dynamics
- 6.3.3.2. UK Electronic Grade Nitric Acid Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.4. France
- 6.3.4.1. Key Country Dynamics
- 6.3.4.2. France Electronic Grade Nitric Acid Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.5. Italy
- 6.3.5.1. Key Country Dynamics
- 6.3.5.2. Italy Electronic Grade Nitric Acid Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.6. Spain
- 6.3.6.1. Key Country Dynamics
- 6.3.6.2. Spain Electronic Grade Nitric Acid Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Asia Pacific Chemical Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.2. China
- 6.4.2.1. Key Country Dynamics
- 6.4.2.2. China Electronic Grade Nitric Acid Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.3. Japan
- 6.4.3.1. Key Country Dynamics
- 6.4.3.2. Japan Electronic Grade Nitric Acid Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.4. India
- 6.4.4.1. Key Country Dynamics
- 6.4.4.2. India Electronic Grade Nitric Acid Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.5. South Korea
- 6.4.5.1. Key Country Dynamics
- 6.4.5.2. South Korea Electronic Grade Nitric Acid Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.5. Latin America
- 6.5.1. Latin America Chemical Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.5.2. Brazil
- 6.5.2.1. Key Country Dynamics
- 6.5.2.2. Brazil Electronic Grade Nitric Acid Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.5.3. Argentina
- 6.5.3.1. Key Country Dynamics
- 6.5.3.2. Argentina Electronic Grade Nitric Acid Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.6. Middle East & Africa
- 6.6.1. Middles East & Africa Chemical Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.6.2. South Africa
- 6.6.2.1. Key Country Dynamics
- 6.6.2.2. South Africa Electronic Grade Nitric Acid Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.6.3. Saudi Arabia
- 6.6.3.1. Key Country Dynamics
- 6.6.3.2. Saudi Arabia Electronic Grade Nitric Acid Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
Chapter 7. Electronic Grade Nitric Acid Market - Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Company Categorization
- 7.3. Company Heat Map/ Position Analysis, 2024
- 7.4. Strategy Mapping
- 7.4.1. Expansion
- 7.4.2. Mergers & Acquisition
- 7.4.3. Partnerships & Collaborations
- 7.4.4. New Product Type Launches
- 7.4.5. Research and Development
- 7.5. Company Profiles
- 7.5.1. Mitsubishi Chemical Corporation
- 7.5.1.1. Participant's Overview
- 7.5.1.2. Financial Performance
- 7.5.1.3. Product Benchmarking
- 7.5.1.4. Recent Developments
- 7.5.2. Everest Kanto Cylinder
- 7.5.2.1. Participant's Overview
- 7.5.2.2. Financial Performance
- 7.5.2.3. Product Benchmarking
- 7.5.2.4. Recent Developments
- 7.5.3. BASF SE
- 7.5.3.1. Participant's Overview
- 7.5.3.2. Financial Performance
- 7.5.3.3. Product Benchmarking
- 7.5.3.4. Recent Developments
- 7.5.4. Columbus Chemicals
- 7.5.4.1. Participant's Overview
- 7.5.4.2. Financial Performance
- 7.5.4.3. Product Benchmarking
- 7.5.4.4. Recent Developments
- 7.5.5. UBE Corporation
- 7.5.5.1. Participant's Overview
- 7.5.5.2. Financial Performance
- 7.5.5.3. Product Benchmarking
- 7.5.5.4. Recent Developments
- 7.5.6. T. N. C. Industrial
- 7.5.6.1. Participant's Overview
- 7.5.6.2. Financial Performance
- 7.5.6.3. Product Benchmarking
- 7.5.6.4. Recent Developments
- 7.5.7. KMG Electronic Chemicals
- 7.5.7.1. Participant's Overview
- 7.5.7.2. Financial Performance
- 7.5.7.3. Product Benchmarking
- 7.5.7.4. Recent Developments
- 7.5.8. EuroChem
- 7.5.8.1. Participant's Overview
- 7.5.8.2. Financial Performance
- 7.5.8.3. Product Benchmarking
- 7.5.8.4. Recent Developments
- 7.5.9. Asia Union Electronic Chemicals
- 7.5.9.1. Participant's Overview
- 7.5.9.2. Financial Performance
- 7.5.9.3. Product Benchmarking
- 7.5.9.4. Recent Developments
- 7.5.10. Juhua Group
- 7.5.10.1. Participant's Overview
- 7.5.10.2. Financial Performance
- 7.5.10.3. Product Benchmarking
- 7.5.10.4. Recent Developments