The global electronic grade sulfuric acid market is estimated to grow on the back of the applications of sulfuric acid in various end-user industries. Electronic grade sulfuric acid, with concentration 95% or above, is used in the manufacturing of PCB panels. The rising manufacturing and sale of electronic goods is estimated to boost the growth of the market.
The market for cellular rubber is anticipated to record a CAGR of around 6% over the forecast period 2020-2028. The automotive, rubber, electronic and space industries will account for the rise in the market growth. Cellular rubber in automotive industry is used for various purposes, such as, load supports, sealing strips, rattle protection and other uses.
The transparent conductive coating (TCC) market is anticipated to grow at a moderate CAGR during the forecast period, i.e. 2020-2028. For smooth and equal flow of current, transparent conductive coatings are being used in various electronic devices such as liquid-crystal displays, OLEDs, touchscreens and photovoltaic.
Travel restrictions imposed during the coronavirus outbreak has changed how the ICT industry operates on a significant scale. The pandemic has resulted in suspension of major business decisions in the sector. In addition, a number of projects have either been delayed or cancelled. Consequently, the demand for indium gallium arsenide is likely to dip in the near term. On the other hand, the demand for InGaAs is likely to be disrupted only till the end of 2020. The global indium gallium arsenide market has been projected to grow at an impressive 8.5% CAGR throughout the assessment period between 2020 and 2030.