Summary

Global Electronic Wet Chemicals Market is valued at approximately USD 3.54 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 7.2% during the forecast period 2023-2030. Electronic Wet Chemicals are specialized chemical substances integral to the manufacturing of electronic components, particularly in the semiconductor industry. These chemicals serve essential functions such as cleaning silicon wafers, defining patterns in photolithography, etching semiconductor surfaces, and depositing thin metal layers. They play a crucial role in ensuring the cleanliness, precision, and functionality of electronic devices by removing impurities, creating intricate circuitry, and facilitating the overall manufacturing process. The surge in the production of electronic devices, coupled with the high focus on constant product innovation, the growing trend of miniaturization of electronic components, rapid proliferation of consumer electronics are the most prominent factors that are propelling the market demand across the world.

In addition, the flourishing development of the semiconductor industry is directly associated with the demand for the electronic wet chemicals, which, in turn, accelerates the market growth globally. Specialized wet chemicals are fundamental to the intricate fabrication processes of semiconductors, which serve as the foundation of modern electronics. These chemicals are essential for critical stages such as wafer cleaning, photolithography, and metallization. According to Statista, in 2021, it was estimated that the semiconductor industry accounted for USD 117.2 billion in the Americas, USD 47.7 billion in Europe, USD 43 billion in Japan, USD 188.4 in China, and USD 147.8 billion in the Americas. Also, in 2022, China dominated the semiconductor industry, accounting for the largest share of sales at USD 185.5 billion. Meanwhile, the Asia Pacific region, excluding China, registered USD 153.1 billion in semiconductor sales, and the Americas contributed USD 142.7 billion to semiconductor sales during the same year. The continuous growth of the semiconductor industry, propelled by emerging technologies such as 5G, IoT, and AI, stands as a key catalyst for the Electronic Wet Chemicals Market. These chemicals play a pivotal role in enabling and optimizing various essential processes in the semiconductor fabrication field. Moreover, the rise in technological advancements in the electronics industry, as well as the growing usage of PCB in the telecommunication industry presents various lucrative opportunities over the forecast years. However, the stringent health and environmental regulations on the use of certain chemicals and the growing concern over waste management for semiconductors are hindering the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Electronic Wet Chemicals Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the China and ASEAN countries being major contributors to semiconductor production. Additionally, there is a significant surge in demand for electronics, along with the expansion of the printed circuit board industry is closely tied to advancements in telecommunications, IT, smart cards, electronic gaming, and consumer electronics (such as digital cameras, mobile phones, and personal computers). Consequentially, these factors contribute to the overall growth of the market during the estimated period of 2023-2030. Whereas, North America is expected to grow with a significant CAGR over the forecast years. The rising technological advancements in electronics, rising focus on automation and efficiency, along ongoing investments in research and development activities are significantly propelling the market demand across the region.

Major market players included in this report are:
Linde plc
Air Products and Chemicals, Inc.
Cabot Microelectronics Corporation
BASF AG
Hitachi Chemical Company, Ltd.
Air Liquide S.A.
Solvay A.G.
Shin-Etsu Chemical Co., Ltd.
Covestro AG
Songwon Industrial Co., Ltd.

Recent Developments in the Market:
 In January 2022, Honeywell International, Inc. (US) completed the acquisition of 100% of the issued and outstanding shares of US Digital Designs, Inc. (US), a prominent provider of first responder technologies. The total consideration for the acquisition amounted toUSD186 million. This newly acquired business is now incorporated into the Honeywell Building Technologies reportable business segment.
 In July 2022, Entegris announced the acquisition of CMC Materials, further establishing its status as the foremost global leader in electronic materials. This strategic acquisition strengthened Entegris' position in the industry, fortifying its portfolio and boosting operational capabilities for applications within the fab environment and throughout the entire semiconductor ecosystem.
 In July 2022, Lam Research Corp, Entegris, and Gelest Inc. unveiled a strategic partnership aimed at ensuring global semiconductor manufacturers have consistent access to precursor chemicals essential for Lam's innovative dry photoresist technology in Extreme Ultraviolet (EUV) lithography.

Global Electronic Wet Chemicals Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered - Type, Form, Application, End-use Industry, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
 Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Acetic acid
Isopropyl alcohol
Hydrogen peroxide
Hydrochloric acid
Ammonium hydroxide
Hydrofluoric acid
Nitric acid
Phosphoric acid
Sulfuric acid
Others

By Form:
Liquid form
Gas form
Solid form

By Application:
Semiconductor
IC packaging
PCB
Others

By End-use Industry:
Consumer goods
Automotive
Aerospace & defence
Medical
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Table of Contents

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Electronic Wet Chemicals Market, by Region, 2020-2030 (USD Billion)
1.2.2. Electronic Wet Chemicals Market, by Type, 2020-2030 (USD Billion)
1.2.3. Electronic Wet Chemicals Market, by Form, 2020-2030 (USD Billion)
1.2.4. Electronic Wet Chemicals Market, by Application, 2020-2030 (USD Billion)
1.2.5. Electronic Wet Chemicals Market, by End-use Industry, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Electronic Wet Chemicals Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Electronic Wet Chemicals Market Dynamics
3.1. Electronic Wet Chemicals Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Rapid proliferation of consumer electronics
3.1.1.2. Flourishing development of the semiconductor industry
3.1.2. Market Challenges
3.1.2.1. Stringent health and environmental regulations on the use of certain chemicals
3.1.2.2. Growing concern over waste management for semiconductor
3.1.3. Market Opportunities
3.1.3.1. Rise in technological advancements in electronics industry
3.1.3.2. Growing usage of PCB in telecommunication industry
Chapter 4. Global Electronic Wet Chemicals Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Electronic Wet Chemicals Market, by Type
5.1. Market Snapshot
5.2. Global Electronic Wet Chemicals Market by Type, Performance - Potential Analysis
5.3. Global Electronic Wet Chemicals Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Electronic Wet Chemicals Market, Sub Segment Analysis
5.4.1. Acetic acid
5.4.2. Isopropyl alcohol
5.4.3. Hydrogen peroxide
5.4.4. Hydrochloric acid
5.4.5. Ammonium hydroxide
5.4.6. Hydrofluoric acid
5.4.7. Nitric acid
5.4.8. Phosphoric acid
5.4.9. Sulfuric acid
5.4.10. Others
Chapter 6. Global Electronic Wet Chemicals Market, by Form
6.1. Market Snapshot
6.2. Global Electronic Wet Chemicals Market by Form, Performance - Potential Analysis
6.3. Global Electronic Wet Chemicals Market Estimates & Forecasts by Form 2020-2030 (USD Billion)
6.4. Electronic Wet Chemicals Market, Sub Segment Analysis
6.4.1. Liquid form
6.4.2. Gas form
6.4.3. Solid form
Chapter 7. Global Electronic Wet Chemicals Market, by Application
7.1. Market Snapshot
7.2. Global Electronic Wet Chemicals Market by Application, Performance - Potential Analysis
7.3. Global Electronic Wet Chemicals Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Electronic Wet Chemicals Market, Sub Segment Analysis
7.4.1. Semiconductor
7.4.2. IC packaging
7.4.3. PCB
7.4.4. Others
Chapter 8. Electronic Wet Chemicals Market, by End-use Industry
8.1. Market Snapshot
8.2. Global Electronic Wet Chemicals Market by End-use Industry, Performance - Potential Analysis
8.3. Global Electronic Wet Chemicals Market Estimates & Forecasts by End-use Industry 2020-2030 (USD Billion)
8.4. Electronic Wet Chemicals Market, Sub Segment Analysis
8.4.1. Consumer goods
8.4.2. Automotive
8.4.3. Aerospace & defence
8.4.4. Medical
8.4.5. Others
Chapter 9. Global Electronic Wet Chemicals Market, Regional Analysis
9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Electronic Wet Chemicals Market, Regional Market Snapshot
9.4. North America Electronic Wet Chemicals Market
9.4.1. U.S. Electronic Wet Chemicals Market
9.4.1.1. Type breakdown estimates & forecasts, 2020-2030
9.4.1.2. Form breakdown estimates & forecasts, 2020-2030
9.4.1.3. Application breakdown estimates & forecasts, 2020-2030
9.4.1.4. End-use Industry breakdown estimates & forecasts, 2020-2030
9.4.2. Canada Electronic Wet Chemicals Market
9.5. Europe Electronic Wet Chemicals Market Snapshot
9.5.1. U.K. Electronic Wet Chemicals Market
9.5.2. Germany Electronic Wet Chemicals Market
9.5.3. France Electronic Wet Chemicals Market
9.5.4. Spain Electronic Wet Chemicals Market
9.5.5. Italy Electronic Wet Chemicals Market
9.5.6. Rest of Europe Electronic Wet Chemicals Market
9.6. Asia-Pacific Electronic Wet Chemicals Market Snapshot
9.6.1. China Electronic Wet Chemicals Market
9.6.2. India Electronic Wet Chemicals Market
9.6.3. Japan Electronic Wet Chemicals Market
9.6.4. Australia Electronic Wet Chemicals Market
9.6.5. South Korea Electronic Wet Chemicals Market
9.6.6. Rest of Asia Pacific Electronic Wet Chemicals Market
9.7. Latin America Electronic Wet Chemicals Market Snapshot
9.7.1. Brazil Electronic Wet Chemicals Market
9.7.2. Mexico Electronic Wet Chemicals Market
9.8. Middle East & Africa Electronic Wet Chemicals Market
9.8.1. Saudi Arabia Electronic Wet Chemicals Market
9.8.2. South Africa Electronic Wet Chemicals Market
9.8.3. Rest of Middle East & Africa Electronic Wet Chemicals Market

Chapter 10. Competitive Intelligence
10.1. Key Company SWOT Analysis
10.1.1. Company 1
10.1.2. Company 2
10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. Linde plc
10.3.1.1. Key Information
10.3.1.2. Overview
10.3.1.3. Financial (Subject to Data Availability)
10.3.1.4. Product Summary
10.3.1.5. Recent Developments
10.3.2. Air Products and Chemicals, Inc.
10.3.3. Cabot Microelectronics Corporation
10.3.4. BASF AG
10.3.5. Hitachi Chemical Company, Ltd.
10.3.6. Air Liquide S.A.
10.3.7. Solvay A.G.
10.3.8. Shin-Etsu Chemical Co., Ltd.
10.3.9. Covestro AG
10.3.10. Songwon Industrial Co., Ltd.
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption