DALLAS, June 24, 2014 /PRNewswire/ --
According to a new market research report, "Ultra Pure Sulfuric Acid Market by Grade (PPT & PPB), Application (semiconductors & pharmaceuticals), and Geography - Regional Trends & Forecast to 2019" published by MarketsandMarkets, The Ultra Pure Sulfuric Acid Market in terms of value is expected to reach $290 Million by 2019, growing at a CAGR of 6.1% between 2014 and 2019.
Browse 44 market data Tables and 24 Figures spread through 125 Pages and in-depth TOC on"Ultra Pure Sulfuric Acid Market"
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It also identifies the driving and restraining factors for the UPS acid market with an analysis of trends, opportunities, burning issues, and winning imperatives. The market is segmented and the forecast analysis is done based on the major regions such as North America, Asia-Pacific, Europe, and Rest of the World (ROW). Further, the market is segmented and the forecast analysis is done based on the major applications for UPS acid in various electronic components such as consumer electronics, flat panel displays, and others.
Semiconductors & Pharmaceuticals-major market for UPS acid
The UPS acid market is segmented into following grades: ppt and ppb. The ppt or parts per trillion grades are applied for more sophisticated semiconductors where the ppb or part per billion graded UPS acid properties and applications. The UPS acid has application specific demands which depend on placement, cost, and efficiency. The semiconductor industry is the major consumer of UPS acid and is accounted for $182 million in 2013. The ppb is commonly used unit of concentration for very small units. It is not considered as the highest part of purity level compared to ppt, which are considered as the highest level of purity. The ultra pure sulfuric acid is generally considered to be PPT graded.
UPS acid market to reach $290 Million by 2019
The UPS acid market in terms of value is expected to reach $290 million by 2019, growing at a CAGR of 6.1% between 2014 and 2019. Asia-Pacific dominated the UPS acid market in terms of value in 2013. Asia-Pacific is expected to remain the major region by 2019, growing at a CAGR of 8.0% between 2014 and 2019. The ROW is expected to be the fastest growing market at a CAGR of 5.4% between 2014 and 2019. Europe and North America are experiencing a slower growth rate during the period under study, at a CAGR of 3.3% and 3.5% respectively between 2014 and 2019, owing to the rising consumption in the Asia-Pacific region, where the end-user markets of UPS acid are growing steadily.
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Asia-Pacific alone accounted for more than 53% of the UPS acid market size by value in 2013
Asia-Pacific is the largest region with major developments in China, Japan, Taiwan, and South Korea. It alone accounted for 53% of the UPS acid market size in terms value in 2013. This region is expected to dominate the market by 2019, with advanced technological developments in electronic devices and semiconductors for end-users. Asia-Pacific is expected to remain the major region by 2019, with high investments in emerging applications because of the growing population and demand.
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