HOME › Research Insight › Emerging demand of electronic devices in Asia-Pacific region is the reason behind increased consumption of ultra pure sulfuric acid in developing countries
Emerging demand of electronic devices in Asia-Pacific region is the reason behind increased consumption of ultra pure sulfuric acid in developing countries
The ultra pure sulfuric acid (UPS) market has been gaining impetus with the rise in the demand for electronic devices and semiconductors. This recovery is dominantly led by the increased demand in Asia-Pacific. UPS have gained prominence in the recent past due to an increasing demand from the end-user industries, especially in developing countries such as China, Japan, Taiwan, and Brazil. With the boost in the economy, the Asia-Pacific market has picked up the fastest pace toward growth with respect to electronic chemicals and materials.
The growth in the UPS market is highly influenced by changing trends in the electronics market which are expected to boost the demand for semiconductor and IC industries. The emerging developments in electronic devices market are due to technological advancements and new regional markets especially that in the Asia-Pacific region. There has been a subsequent shift of demand and production facilities from North America and Europe to Asia-Pacific. This is evident from the fact that Asia-Pacific is estimated to account for the highest market share and is expected to increase manifolds in terms of market share as well as growth rate.
By 2019, Asia-Pacific is expected to be the world’s largest consumer of the UPS acid market with an expected market of $290 million industry. North America and Europe together are losing their market dominance due to the saturation of these respective markets and therefore are focusing toward expansions in emerging markets. The semiconductor and electronic devices market in these regions is expected to grow at a slow pace in the period of 2014 to 2019, as only a few key industrial developments will take place in these regions.
The ppt graded UPS market is expected account for the highest market share of $169 million by 2019. The ppb graded UPS market is gradually being replaced by the ppt graded UPS market; therefore, the former is expected to grow relatively slower between 2014 to 2019.
Ultra Pure Sulfuric Acid Market by Grade (PPT & PPB), Application (semiconductors & pharmaceuticals) & Geography - Regional Trends & Forecast to 2019
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252