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Electronic Grade Sulfuric Acid Market Developme...

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The global electronic grade sulfuric acid market size is estimated at USD 300 million in 2019 and is projected to reach USD 415 million by 2024, at a CAGR of 6.7% between 2019 and 2024. The growth of the market is fueled by the increasing technological advancements and demand for electronics devices globally. The PCB panels segment is projected to be the fastest-growing application of electronic grade sulfuric acid during the forecast period. PCB is an electronic circuit used in electronic devices to provide mechanical support. PCB panels find application in almost all electronic devices, including computers, TVs, smartphones, washing machines, coffee makers, and others. The demand for electronic grade sulfuric acid in PCB panel application is majorly driven by its increasing use in automotive, healthcare, industrial electronics, consumer electronics, maritime transport, aerospace & defense, and other industries. APAC is projected to be the largest electronic grade sulfuric acid market during the forecast period. The booming electronics industry, along with the rising demand for PCB panels and semiconductors, in the region is expected to drive the market during the forecast period. The key players in the electronic grade sulfuric acid market are BASF SE (Germany), INEOS Group Holdings S.A. (UK), Chemtrade Logistics (Canada), KMG Chemicals (US), Kanto Chemical Co., Inc. (Japan), Trident Group (India), The Linde Group (Ireland), PVS Chemicals (US), Reagent Chemicals (UK), and Moses Lake Industries (US).

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