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Wet Chemicals Market For Electronics And Semiconductor Applications Market Size (2024 - 2029)

The electronic wet chemicals market is experiencing growth driven by the expanding electronics industry and increasing demand from modern technologies, particularly in the semiconductor sector. Despite challenges such as waste management issues and stringent regulations, the market is poised for expansion, with opportunities arising from semiconductor recycling and favorable conditions in regions like Malaysia. The Asia-Pacific region leads in market dominance and is expected to continue its rapid growth trajectory.

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Market Size of Wet Chemicals Industry For Electronics And Semiconductor Applications

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Wet Chemicals Market For Electronics And Semiconductor Applications Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 8.14 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Wet Chemicals Market For Electronics And Semiconductor Applications Major Players

*Disclaimer: Major Players sorted in no particular order
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Electronic Wet Chemicals Market Analysis

The global wet chemicals market for electronics and semiconductor applications is estimated at USD 1.73 billion currently, and it is projected to reach USD 2.55 billion in the next five years, registering a CAGR of 8.14% during the forecast period.

The wet chemicals market for electronics and semiconductor applications was hampered by the COVID-19 pandemic in 2020. However, the rising growth of the electronics industry is expected to positively impact the demand for the wet chemicals market for electronics and semiconductor applications in the near future.

  • Over the medium term, rising demand from industries driven by modern technologies, along with surging demand for hydrogen peroxide from the semiconductor industry, is expected to drive the market's growth.
  • However, on the other hand, waste management of semiconductors and stringent health and environmental regulations regarding the use of certain chemicals are anticipated to hinder the market's growth.
  • Nevertheless, the recycling of semiconductors and the favorable growth market for semiconductors in Malaysia are likely to create lucrative growth opportunities for the market studied.
  • Asia-Pacific dominated the global market. It is also expected to register the highest CAGR over the forecast period.

Electronic Wet Chemicals Industry Segmentation

Wet chemicals are extensively used in various stages during the fabrication of electronic products, such as used semiconductors, and various electronics applications, like integrated circuit (IC) manufacturing, printed circuit boards (PCB) manufacturing, LCDs, LEDs, display panels, monitors, television, and other electronics. These chemicals are used in semiconductors for cleaning and etching processes.

The wet chemicals market for electronics and semiconductor applications is segmented by product type, application, and region. By product type, the market is segmented into acetic acid, isopropyl alcohol (IPA), hydrogen peroxide, hydrochloric acid, ammonium hydroxide, hydrofluoric acid, nitric acid, phosphoric acid, sulfuric acid, and other product types. By application, the market is segmented into semiconductors (cleaning and etching) and other electronic applications (integrated circuit (IC) manufacturing and printed circuit boards (PCB) manufacturing). The report also covers the market size and forecasts for the wet chemicals market for electronics and semiconductor applications in 11 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD).

Product Type
Acetic Acid
Isopropyl Alcohol (IPA)
Hydrogen Peroxide
Hydrochloric Acid
Ammonium Hydroxide
Hydrofluoric Acid
Nitric Acid
Phosphoric Acid
Surfuric Acid
Other Product Types
Application
Semiconductor
Cleaning
Etching
Other Electronic Applications
Integrated Circuit (IC) Manufacturing
Printed Circuit Boards (PCB) Manufacturing
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Russia
Rest of Europe
Rest of the World
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Wet Chemicals Market For Electronics And Semiconductor Applications Size Summary

The electronic wet chemicals market, integral to the electronics and semiconductor industries, is poised for significant growth over the coming years. Despite challenges posed by the COVID-19 pandemic, the market is expected to expand steadily, driven by the burgeoning demand for semiconductors fueled by advancements in technologies such as artificial intelligence, quantum computing, and 5G networks. Wet chemicals play a crucial role in semiconductor production, particularly in cleaning and etching processes. The Asia-Pacific region, dominated by countries like China, India, and Japan, is a key player in this market, with China leading in electronics manufacturing. The region's growth is supported by favorable government policies and investments aimed at boosting electronics and semiconductor production, which in turn is expected to drive the demand for wet chemicals.

The market landscape is characterized by a high concentration of major players, with companies like Entegris, BASF SE, Avantor Inc., Honeywell International Inc., and Kanto Kagaku holding significant market shares. Strategic acquisitions and collaborations, such as Entegris' acquisition of CMC Materials and its partnership with Lam Research Corp, highlight the competitive dynamics and efforts to enhance capabilities in the semiconductor ecosystem. However, the market also faces challenges, including waste management issues and stringent regulations on chemical use. Despite these hurdles, opportunities for growth remain, particularly in regions like Malaysia, where semiconductor recycling and market expansion present promising prospects.

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Wet Chemicals Market For Electronics And Semiconductor Applications Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Rising Demand from Industries Driven by Modern Technologies

      2. 1.1.2 Surging Demand for Hydrogen Peroxide from the Semiconductor Industry

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Waste Management for Semiconductors

      2. 1.2.2 Stringent Health and Environmental Regulations on the Use of Certain Chemicals

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Revenue)

    1. 2.1 Product Type

      1. 2.1.1 Acetic Acid

      2. 2.1.2 Isopropyl Alcohol (IPA)

      3. 2.1.3 Hydrogen Peroxide

      4. 2.1.4 Hydrochloric Acid

      5. 2.1.5 Ammonium Hydroxide

      6. 2.1.6 Hydrofluoric Acid

      7. 2.1.7 Nitric Acid

      8. 2.1.8 Phosphoric Acid

      9. 2.1.9 Surfuric Acid

      10. 2.1.10 Other Product Types

    2. 2.2 Application

      1. 2.2.1 Semiconductor

        1. 2.2.1.1 Cleaning

        2. 2.2.1.2 Etching

      2. 2.2.2 Other Electronic Applications

        1. 2.2.2.1 Integrated Circuit (IC) Manufacturing

        2. 2.2.2.2 Printed Circuit Boards (PCB) Manufacturing

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Russia

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 Rest of the World

Wet Chemicals Market For Electronics And Semiconductor Applications Market Size FAQs

The Wet Chemicals Market for Electronics and Semiconductor Applications Industry is projected to register a CAGR of 8.14% during the forecast period (2024-2029)

Entegris, BASF SE, Avantor Inc., Honeywell International Inc. and KANTO KAGAKU are the major companies operating in the Wet Chemicals Market for Electronics and Semiconductor Applications Industry.

Electronic Wet Chemical Market Report Snapshots

Electronic Wet Chemicals Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)