Global Electronic Grade Phosphoric Acid Market is projected to exhibit a CAGR of 6.84% between 2016 and 2023

The global Electronic Grade Phosphoric Acid market is valued at USD 764 million in 2016 and is expected to reach USD 1463 million by the end of 2023, growing at a Growth Rate of 9.73% between 2017 and 2023. The market is driven by various end-user industries, such as Cleaning and Etching.

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The industry is concentration, the key brand include Arkema, Solvay, ICL Performance Products, RIN KAGAKU KOGYO, Rasa Industries, Honeywell, Hubei Xingfa Chemicals Group, Chengxing Group, Yunphos (Taixing) Chemical, Guangxi Qinzhou Capital Success PHOS-Chemical and so on. Among them, Arkema and ICL Performance Products are the leaders.

Global Electronic Grade Phosphoric Acid Market is projected to exhibit a CAGR of 6.84% between 2016 and 2023

The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

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The global consumption of Electronic Grade Phosphoric Acid increases from 185.1 K MT in 2012 to 291.0 K MT in 2016, at a CAGR of more than 7.00%. In 2016, the global Electronic Grade Phosphoric Acid consumption market is led by China and China is the largest region consumption market, accounting for about 64.54% of global consumption of Electronic Grade Phosphoric Acid.

Electronic Grade Phosphoric Acid downstream is wide and recently Electronic Grade Phosphoric Acid has acquired increasing significance in various fields of Cleaning, Etching and Others. Globally, the Electronic Grade Phosphoric Acid market is mainly driven by growing demand for Cleaning and Etching. Cleaning and Etching accounts for nearly 95.61% of total downstream consumption of Electronic Grade Phosphoric Acid in global.

Electronic Grade Phosphoric Acid can be mainly divided into Panel Level, IC Level and Others which Panel Level captures about 60.71% of Electronic Grade Phosphoric Acid market in 2016. According to our research and analysis, manufacturers from North America are the major leaders in the international market of Electronic Grade Phosphoric Acid.

The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Electronic Grade Phosphoric Acid industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.

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