Electronic Grade Hydrofluoric Acid Market Segmentation:
Concentration Segment Analysis
The >49% concentration segment in the electronic grade hydrofluoric acid market is estimated to gain a robust revenue share of 60% in the coming years owing to the growing demand for semiconductors. The worldwide semiconductor market is expected to reach trillion-dollar by 2030 and is expected to increase at a rate of over 9% over the next ten years. This is attributed to widespread deployment of 5G, the growing need for smartphones, and the robust demand for AI chips. Etching is a sophisticated technology used in the semiconductor industry that is vital for selectively removing material layers from semiconductor wafers. >49% concentration HF specifically caters to the electronics industry to clean silicon wafers and etch semiconductors. The advancements in semiconductor technologies, such as the development of smaller transistor structures, necessitate more sophisticated etching and cleaning processes, thus driving the demand for high-purity HF.
Application Segment Analysis
The semiconductors segment in electronic grade hydrofluoric acid market is set to garner a notable share by 2035. Chip manufacturing in the U.S. for instance, is estimated to reach 28% of global capacity by 2032 and account for 28% of the overall capital expenditures (capex) between 2024 and 2032, according to the Semiconductor Industry Association (SIA). For better context, in the absence of CHIPS Act implementation, the U.S. would have captured only 9% of the capex by the end of 2032. The CHIPS Program Office (CPO) is making significant progress in the deployment of the USD 39 billion worth of the CHIPS manufacturing incentives program. Consistent with its vision, the CHIPS and Science Act incentives disclosed their efforts to enhance national security, boost the U.S. economy, and create employment. As of August 2024, the CPO has revealed 17 preliminary agreements valuing more than USD 28 billion in loans and USD 32 billion in grants for 26 projects across 16 states.
Our in-depth analysis of the global electronic grade hydrofluoric acid market includes the following segments:
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