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Electronic Grade Hydrofluoric Acid Market: Proliferation of IoT and Steady Momentum of Artificial Intelligence to Drive Growth

Press release Description

Albany, New York, September 5, 2018: Growth of the electronic grade hydrofluoric acid market is expected to remain influenced by extensive application of the compound in glass etching silicon wafers used for electronic materials. Rising adoption of electronic devices, coupled with low production cost of hydrofluoric acid, will further underpin demand for electronic grade hydrofluoric acid in the near future. These insights have been obtained from the report, titled “Electronic Grade Hydrofluoric Acid Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026” added recently to the immense repository of Market Research Reports Search Engine (MRRSE).

Electronic grade hydrofluoric acid plays a vital role in the production of electronic devices owing to its unique chemical properties such as superlative corrosive abilities, insolubility in organic solvents, and quick reaction to metals and metal oxides. Revenues from the electronic grade hydrofluoric acid market were estimated at approximately US$ 290 Mn in 2017, and are projected to record an impressive 7% CAGR through 2026..

Lack of inadequate quality standards has led impurities in hydrofluoric acid to have adverse impacts on etching process of silicon wafers. Growth of the electronic grade hydrofluoric acid market arrested by this challenge is expected to be offset by the advent of artificial intelligence along with proliferation of IoT devices. Volatile properties and complicated handling procedures associated with electronic grade hydrofluoric acid will continue to confine their adoption during the forecast period.

Key companies operating in the electronic grade hydrofluoric acid market are entering into mergers & acquisition activities with suppliers, to cut down cost on transportation and enhance efficiency of manufacturing processes. . This report has studied in detail, major players in the electronic grade hydrofluoric acid market including The report has profiled and examined key players contributing to growth of the electronic grade hydrofluoric acid market, which include Zhejiang Juhua Co. Ltd., Morita Chemical Industries Co. Ltd., Honeywell International Inc., and Do-Fluoride Chemicals Co. Ltd.

Electronic Grade Hydrofluoric Acid Market – Report Overview

This report provides comprehensive analysis and forecast on the electronic grade hydrofluoric acid market at a global and regional level, and the market size has been evaluated in terms of revenue (US$ Mn) and volume (tons).. A detailed analysis and forecast for large and small-scale economic aspects of the market has been extracted in the report. Important market numbers such as Y-o-Y growth rate and CAGR have been provided to give an implication of current and future prospects of the electronic grade hydrofluoric acid market.

The report offers a comprehensive, insightful study on the electronic grade hydrofluoric acid market. In addition, readers can better understand the prevailing competition between new and established players owing to the use of Porter’s Five Forces model. The report also includes a study on market attractiveness, where applications are assessed based on aspects such as general attractiveness, growth rate, and market size.

Electronic Grade Hydrofluoric Acid Market – Research Approach

 The report has been compiled with the help of comprehensive interviews and insightful discussions with a vast number of industry experts and opinion leaders. Primary research forms the majority of the inputs, to provide readers with accurate and factual data on the electronic grade hydrofluoric market. This has been complemented with substantial secondary research.

Leading and emerging players of the electronic grade hydrofluoric acid market have been assessed here. Data sources such as annual reports, press releases, and other relevant documents have been studied to help readers achieve a greater comprehension on the dynamics between competing players and other factors influencing the electronic grade hydrofluoric acid market. This approach of research has been found to be very effective in gaining reliable insights on market data, industry players, and untapped opportunities for business.

Browse Full Global Electronic Grade Hydrofluoric Acid Market Report with TOC :

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