Core Viewpoint - The Chinese electronic-grade phosphoric acid industry has made significant technological breakthroughs, achieving high purity levels that meet international standards, thus enhancing its competitiveness in the global market [1][10]. Industry Overview - Electronic-grade phosphoric acid is a high-purity phosphoric acid with extremely low impurity levels, widely used in high-tech fields such as semiconductors and optoelectronics [2]. - The industry is categorized into E1 ordinary electronic-grade phosphoric acid and E2 high-purity electronic-grade phosphoric acid according to national standards [2]. Industry Development History - The industry has evolved through three stages: exploration (pre-2008), initial development (2008-2019), and rapid development (2020-present) [4]. - Prior to 2008, the market was dominated by imports from the US, Japan, and Germany, with significant technological barriers [4]. - From 2008 to 2019, domestic companies began to develop electronic-grade phosphoric acid, achieving initial production and export capabilities [4]. - Since 2020, the rapid growth of the domestic electronic industry has driven demand for electronic-grade phosphoric acid, leading to increased R&D investments and market expansion [4]. Industry Supply Chain - The upstream of the electronic-grade phosphoric acid industry includes raw materials like phosphate rock and production equipment [6]. - The midstream involves the production and manufacturing of electronic-grade phosphoric acid, while the downstream applications include semiconductor manufacturing and display panels [6]. Market Size - The demand for electronic-grade phosphoric acid in China is projected to reach 0.91 million tons in 2024, representing a year-on-year growth of 13.75% [10]. - Leading companies like Xingfu Electronics have successfully entered the supply chains of top international wafer manufacturers, indicating a significant enhancement in global competitiveness [10]. Key Company Performance - Xingfu Electronics holds a dominant position in the market, with a 2023 market share of 69.69% in China and approximately 15% globally [12]. - The company’s products meet the highest international standards, with metal ion content controlled below 3 ppb, outperforming many international competitors [12]. - In Q1 2025, Xingfu Electronics reported a revenue of 327 million yuan, a year-on-year increase of 38.60% [12]. Industry Development Trends 1. Technological Upgrades and High-End Development - The industry is expected to accelerate technological upgrades, focusing on higher purity products to meet the stringent requirements of advanced semiconductor processes [17]. - Domestic companies are improving production processes and developing new applications for electronic-grade phosphoric acid [17]. 2. Growing Market Demand and Accelerated Domestic Substitution - The demand for electronic-grade phosphoric acid is anticipated to continue rising, driven by the rapid development of downstream industries like integrated circuits and new sectors such as AI and electric vehicles [18]. - The domestic substitution rate is projected to increase significantly, reducing reliance on imports [18]. 3. Industry Chain Integration and Collaborative Development - The industry will strengthen supply chain integration to enhance overall competitiveness, with companies focusing on resource stability and cost reduction [19]. - Sustainable practices, such as waste recycling and zero discharge technologies, are being explored to align with global ESG trends [19].
研判2025！中国电子级磷酸行业产业链、需求量及发展趋势分析：行业技术突破加速国产化，市场需求激增驱动全球竞争力跃升[图]