High Purity Chemicals Market - Forecast(2021 - 2026)

There are numerous high purity chemicals produced by many industries in the global market. Some of the examples are aluminum chloride 99.999%, aluminum isopropoxide 99.99%, aluminum nitrate 99.999% and many more. The total export quantity of aluminum chloride around the world in 2017 is 382,982 tons. Germany has exported more quantity than any other country with a total of 85,409 tons of aluminum chloride. Germany is followed by India and the United States of America with total exports of 58,117 tons and 13,287 tons respectively. The CAGR of exports of aluminum chloride from 2013 to 2017 is -0.0045%. The total import quantity of aluminum chloride in 2017 in the world is 485,428 tons. Belgium had topped the list of countries in the world with total imports of 61,585 tons. Belgium is followed by France and Germany with 47,859 tons and 24,479 tons of aluminum chloride respectively.  

High Purity Chemicals Market Outlook:

High purity chemicals are used extensively in many end user industries. In the pharmaceutical, biotechnology, cosmetics and chemicals industry, there is a growing need for High Performance Liquid Chromatography (HPLC) solvent. Acetonitrile and Methanol HPLC solvents are purified with advanced technologies which are free from UV absorbing impurities. Another important high purity chemical are dry-etching gases. These gases have high demand in ultrafine fabrication for LSI devices and other IC products in the semiconductor industry. High purity aqueous ammonium is used to clean silicon wafers in the semiconductor devices. It is purified up to the extent that it does not contain any traces of metal ion particles.  

High Purity Chemicals Market report comprises of pricing analysis for different types of high purity chemicals. The price is expected to range from $200 to $13,000 per one kilogram of high purity chemical. 

High Purity Chemicals Market Growth Drivers: High Purity Chemicals are extensively used in the production and cleaning of semiconductors. Semiconductors will not work as expected if it contains an impurity stuck while cleaning it. Semiconductor industry is growing at an exponential rate. This significant growth in the semiconductor industry is considered to be one of the factors boosting the global High Purity Chemicals Market. 

High Purity Chemicals Market Challenges: One of the major challenges in the global High Purity Chemicals Market is the production process and storage of high purity chemicals. The production process of these chemicals should be in a closed and sterile environment and should be monitored properly from time to time. This will not only require lot of capital but also man power while storing and transporting these high purity chemicals. 

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High Purity Chemicals Market Research Scope:

The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the High Purity Chemicals market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of High Purity Chemicals market and their specific applications in different types of vehicles.

High Purity Chemicals Market Report: Industry Coverage

Grades of High Purity Chemicals:  Reagent, American Chemical Society (ACS), Muti-Compendial, Food Chemical Codex (FCC), United States Pharmacopeia (USP), National Formulary (NF), Food, Electronic, Ultra-Pure, Purified.

High Purity Chemicals by Category: Acids, Bases, Salts, Biological Buffer Salts, pH Buffers, Conductivity Standards, Fuming Acids, Solvents, Mixed Acid Etchants, BOE Etchants, Fiberglass Reinforced Chemicals, Blends & Solutions and Others.

Applications of High Purity Chemicals: Semiconductors, Liquid Crystals, Electroplating, Lithium Ion Batteries, Resins, Catalysts and Others.

High Purity Chemicals market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:

North America: The U.S., Canada, Mexico

South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica

Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark

APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong

The Middle East and Africa: Israel, South Africa, Saudi Arabia

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High Purity Chemicals Market Key Players Perspective: 

Myron Petruch, DIC Executive Officer and President of Sun Chemical Performance Pigments, on the acquisition of Cathay Industries said “this acquisition further demonstrates Sun Chemical and DIC’s commitment to be the leading and most innovative color and effects supplier to the global cosmetics market. The demand for the unique, ultra-high-purity products produced at this site will continue to grow rapidly across the globe, as the cosmetics industry continues to tighten specifications and implement new regulations to ensure the highest purity raw materials in all of their products.”

Some of the key players mentioned in this report are BASF SE, The Dow Chemical Company, DuPont, ExxonMobil, Akzo Nobel N.V., Evonik Industries AG, Asahi Kasei Corp, Bayer, Linde AG, and Mitsubishi Chemical Holdings among others. 

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High Purity Chemicals Market Trends:

Scientists from Bhabha Atomic Research Centre, Hyderabad, India have published a report on direct determination of impurities in high purity chemicals like such as ammonium hydroxide, hydrogen peroxide and sulfuric acid by Electrolyte Cathode Discharge Atomic Emission Spectrometry (ELCAD-AES). ELCAD-AES method can be used as an alternative analytical rapid and direct analysis technique to check the levels of metallic impurities and quality of these high pure chemicals in various industries. 

Researchers from Suranaree University of Technology, Thailand have formulated a new method for the production of very high purity succinic acid from fermentation broth using microfiltration and Nano filtration which are assisted with crystallization. Nan filteration has will also helpful in the separation of organic acids from proteins and other macromolecules. The integration of these membrane based processes and cooling crystallization directly produced the ultra-high purity succinic acid crystal from fermentation broth without the need for any auxiliary component. 

December 4, 2017: Sumitomo Chemical, a major japanese high purity chemicals producing company  is expanding its production capacity for high purity chemicals for semiconductors at Sumika Electronic Materials Co Ltd, a wholly owned subsidiary in Xi'an City, China. This facility is scheduled to start commercial scale production by early 2019.

March 7, 2018: Sun Chemical and its parent company, DIC Corporation has acquired the high purity iron oxides business of Cathay Industries, Valparaiso, USA.  

December 19, 2017: AkzoNobel’s Specialty Chemicals business is planning to expand the production of high purity vacuum salt at its Delfzijl site in the Netherlands. This project is expected to increase output at the facility by around 25%.

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