Electronic Grade Nitric Acid Market Size Worth USD 143.08 Billion by 2034 | CAGR: 5.2%

The electronic grade nitric acid market size is expected to reach USD 143.08 billion by 2034, according to a new study by Polaris Market Research. The report “Electronic Grade Nitric Acid Market Share, Size, & Industry Analysis Report: By Type (EL Grade, VL Grade, UL Grade, and SL Grade), By Application, and By Region; Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Electronic grade nitric acid (EGNA) is a high-purity form of nitric acid (HNO₃) specifically designed for use in the semiconductor and electronics industries. Unlike industrial-grade nitric acid, which may contain impurities, EGNA undergoes rigorous purification processes to meet stringent quality standards, ensuring minimal contamination. This makes it crucial for applications such as wafer cleaning, etching, and the removal of metallic residues during the fabrication of integrated circuits (ICs) and other microelectronic devices.

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The rapid expansion of the semiconductor industry, driven by the proliferation of IoT devices, 5G technology, and artificial intelligence (AI), is boosting the demand for electronic grade nitric acid. The miniaturization of semiconductor components, particularly in nodes below 10 nanometers, is necessitating ultra-clean processing. EGNA plays a critical role in ensuring the precision and reliability of these processes, as even minute contaminants can lead to circuit failures or reduced performance.

Top of FormElectronic Grade Nitric Acid Market Report Highlights

• In terms of type, the EL grade segment dominated the electronic grade nitric acid market share in 2024 due to its widespread use in semiconductor manufacturing processes such as wafer cleaning, etching, and doping.
• Based on application, the semiconductor segment accounted for a major market share in 2024 due to the critical role high-purity nitric acid plays in integrated circuit manufacturing.
• The solar energy segment is expected to grow at a robust pace in the coming years, owing to the growing shift toward renewable energy sources, where high-purity nitric acid is essential for producing high-efficiency solar cells.
• In 2024, Asia Pacific dominated the market share due to its strong presence in the global semiconductor and electronics manufacturing industries.
• The market in North America is expected to grow at a robust pace in the coming years, owing to the ongoing strategic efforts to strengthen domestic semiconductor production.
• The Europe electronic grade nitric acid market is expected to hold a substantial market share in the coming years, owing to the established base of specialty chemical manufacturers and growing investments in semiconductor and electronics production.
• A few global key market players include Asia Union Electronic Chemicals; BASF; Columbus Chemicals; EuroChem; Everest Kanto Cylinder; Juhua Group; KMG Electronic Chemicals; Mitsubishi Chemical Corporation; Suzhou Crystal Clear Chemical Co., Ltd.; thyssenkrupp Uhde; and UBE Corporation.

Polaris Market Research has segmented the market report on the basis of type, application, and region:

By Type Outlook (Revenue, USD Billion, 2020–2034)

• EL Grade
• VL Grade
• UL Grade
• SL Grade

By Application Outlook (Revenue, USD Billion, 2020–2034)

• Semiconductor
• Solar Energy
• LCD Panel
• Others

By Regional Outlook (Revenue, USD Billion, 2020–2034)

• North America

• US
• Canada

• Europe

• Germany
• France
• UK
• Italy
• Spain
• Netherlands
• Russia
• Rest of Europe

• Asia Pacific

• China
• Japan
• India
• Malaysia
• South Korea
• Indonesia
• Australia
• Vietnam
• Rest of Asia Pacific

• Middle East & Africa

• Saudi Arabia
• UAE
• Israel
• South Africa
• Rest of Middle East & Africa

• Latin America

• Mexico
• Brazil
• Argentina
• Rest of Latin America