Pune, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Market Size & Growth Outlook:
According to the S&S Insider, “The Semiconductor Chemicals Market was valued at USD 12.8 Billion in 2023 and is expected to reach USD 35.63 Billion by 2032, growing at a CAGR of 12.05% during 2024-2032.”
Increasing Demand for High-Performance Electronics
The growing demand for high-performance electronics and next-generation devices has become a key driver in the semiconductor chemicals market. As consumer electronics, automotive technologies, and artificial intelligence applications evolve, the need for semiconductor materials that support high-speed, low-power, and miniaturized components continues to rise. The increasing adoption of 5G technology, Internet of Things (IoT) devices, and smart technologies is pushing semiconductor manufacturers to use advanced chemicals that enhance the quality, durability, and performance of their components. Additionally, innovations in nanotechnology and the integration of advanced materials like photoresists and wet chemicals in semiconductor fabrication are driving significant growth in the market.
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Leading Market Players with their Product Listed in this Report are:
- BASF SE (Electronic materials for semiconductor manufacturing, including ultra-pure chemicals and gases)
- DuPont (Advanced photoresists and electronic materials)
- Sumitomo Chemical Co., Ltd. (Photoresists, chemical mechanical planarization (CMP) slurries)
- Merck KGaA (Specialty chemicals for semiconductor lithography and patterning)
- Linde PLC (High-purity gases like argon, hydrogen, and nitrogen for semiconductor manufacturing)
- Avantor, Inc. (High-purity process chemicals and solutions for semiconductor fabrication)
- Air Liquide (Specialty gases like fluorine and nitrogen trifluoride for semiconductor etching)
- Kanto Chemical Co., Inc. (High-purity chemicals for etching and cleaning semiconductor wafers)
- JSR Corporation (Photoresists and CMP materials for semiconductor lithography)
- Cabot Microelectronics (CMP slurries and polishing pads)
- Entegris, Inc. (Advanced filtration and purification solutions for semiconductor processes)
- Hitachi Chemical Co., Ltd. (CMP slurries and other chemical solutions for wafer processing)
- Fujifilm Holding Corporation (Photoresists and high-performance chemical solutions)
- Mitsubishi Chemical Corporation (Specialty chemicals for semiconductor processing)
- Honeywell International Inc. (High-purity chemicals and gases for semiconductor manufacturing)
Semiconductor Chemicals Market Report Scope:
| Report Attributes | Details |
| Market Size in 2023 | USD 12.8 Billion |
| Market Size by 2032 | USD 35.63 Billion |
| CAGR | CAGR of 12.05% From 2024 to 2032 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (High Performance Polymers, Acid & Base Chemicals, Adhesives, Solvents, Others) • By End-Use (Integrated Circuits (ICS), Discrete Semiconductor, Optoelectronics, Sensors) • By Application (Photoresist, Etching, Deposotion, Cleaning, Doping, Others) |
| Key Drivers | • Increase in need for production of semiconductor chemicals in local areas. • Rapid Increase in Electric Vehicle and Advanced Technology Adoption |
Semiconductor Chemicals Market Soars with Advancements in Consumer Electronics and EVs
The semiconductor chemicals market is experiencing rapid growth, driven by increasing demand for consumer electronics and the rise of electric vehicles (EVs). Taiwan Semiconductor Manufacturing Company (TSMC), which produces around half of the world’s microprocessor chips, is at the forefront of this expansion, supported by the Taiwanese government’s USD 5.4 billion fund for semiconductor manufacturing. The rise of 5G, AI, and IoT applications is further fueling demand for high-performance chips, requiring ultra-pure semiconductor chemicals. While global corporations dominate the market, India is emerging as a specialty manufacturer, supported by Production-Linked Incentive (PLI) schemes. By improving infrastructure and meeting global purity standards, India is poised to become a significant player in the global semiconductor chemicals market.
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Semiconductor Chemicals Market Surges with Demand for Acid & Base Chemicals and Integrated Circuits (ICs)
In 2023, Acid & Base Chemicals accounted for the largest revenue share in the Semiconductor Chemicals Market, capturing 40%. Their dominance is due to their critical role in key semiconductor manufacturing processes like wafer cleaning, etching, and doping, where maintaining high purity is essential. Leading companies are innovating with new products, such as ultra-pure hydrofluoric and sulfuric acids designed for advanced semiconductor applications, enhancing efficiency. Additionally, the introduction of pH-neutral etching solutions reduces defects in manufacturing. Ongoing R&D investments and the growing demand for AI and IoT are expected to drive further growth, solidifying the importance of acid and base chemicals in the market.
In 2023, Integrated Circuits (ICs) captured 50% of the revenue in the Semiconductor Chemicals Market, driven by demand from consumer electronics, automotive, and telecommunications. Companies are focusing on R&D to meet stringent IC production needs. Recent innovations include high-purity photoresists for advanced IC lithography and dielectric materials that improve energy efficiency. The rise of 5G and AI is expected to further increase demand for high-performance ICs, driving growth in specialized semiconductor chemicals and strengthening partnerships between semiconductor and chemical manufacturers.
Asia-Pacific and North America Lead the Charge in the Global Semiconductor Chemicals Market
In 2023, the Asia-Pacific semiconductor chemicals market led globally with a 37.56% share, driven by technological advancements and rising demand across industries. The region's dominance stems from key players like South Korea, Japan, and Taiwan, which are major semiconductor producers. China's semiconductor chemicals market ranked second, supported by government initiatives such as the "Made in China 2025" campaign, aimed at boosting domestic production and reducing reliance on foreign suppliers. The China Semiconductor Application Association predicts the country's market will reach USD 300 billion by 2025, fueled by government-backed R&D and incentives for semiconductor firms.
In 2023, North America emerged as the fastest-growing region in the semiconductor chemicals market, driven by significant investments in local semiconductor manufacturing and technological advancements. The U.S. prioritized the industry with the CHIPS and Science Act, fueling demand for essential chemicals. Major companies like Dow Inc. and Air Products introduced innovative products, including high-performance dielectric materials and upgraded specialty gases for semiconductor processes. Intel's expansion of manufacturing plants further emphasized the region's focus on strengthening its semiconductor supply chain and mitigating global disruptions.
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Recent Development
- In August 2023, BASF expanded the electronic materials R&D center in Asia Pacific to its facility in Ansan, South Korea. The new, larger facility focuses on engineering plastics and semiconductor materials, catering to local and global customers
- In January 2023, JSR Corp. acquired additional shares of JSR Electronic Materials Korea Co., Ltd., its Korean subsidiary. The move helped JSR solidify its global position in the semiconductor chemicals business and expand its type portfolio
- On August 2024, JSR Corporation announced plans to expand its global development and production of leading-edge photoresists by establishing a new R&D base in Japan and constructing a semiconductor photoresist plant at its subsidiary JSR Micro Korea Co., Ltd. (JMK).
Table of Contents - Major Points
1. Introduction
2. Executive Summary
3. Research Methodology
4. Market Dynamics Impact Analysis
5. Statistical Insights and Trends Reporting
5.1 Production Capacity and Sales Volumes, 2020-2032, by Region
5.2 Regulatory Compliance, by Region
5.3 Feedstock Prices Analysis by Region
5.4 Technology Adoption, by Rates
5.5 Consumer Preferences, by Region
6. Competitive Landscape
7. Semiconductor Chemicals Market Segmentation, by Type
8. Semiconductor Chemicals Market Segmentation, by End-Use
9. Semiconductor Chemicals Market Segmentation, by Application
10. Regional Analysis
11. Company Profiles
12. Use Cases and Best Practices
13. Conclusion
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