Summary
This report covers the market landscape and supply-chain for wet chemicals used in semiconductor device fabrication. It includes information about key suppliers, issues/trends in the material supply chain, estimates on supplier market share, and forecast for the material segments.
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Covers the wet chemicals market and supply-chain issues for such used in semiconductor device fabrication.
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Contains data and analysis from TECHCET’s database and Sr. Analyst experience, as well as that developed from primary and secondary market research.
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Provides focused information for electronics supply-chain managers, process integration and R&D directors, as well as business and financial analysts.
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Covers information about key semiconductor wet chemical suppliers, issues/trends in the wet chemicals material supply chain, estimates on supplier market share, and forecast for the wet chemicals material segments.
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Table of Contents
1 EXECUTIVE SUMMARY 9
1.1 WET CHEMICALS AND SPECIALTY CLEANS BUSINESS –
MARKET OVERVIEW 10
1.2 MARKET TRENDS IMPACTING 2024 OUTLOOK 11
1.3 WET CHEMICALS AND SPECIALTY CLEANS 5-YEAR UNIT
SHIPMENT FORECAST BY SEGMENT 12
1.4 WET CHEMICALS AND SPECIALTY CLEANS 5-YEAR REVENUE
FORECAST BY SEGMENT 13
1.5 WET CHEMICALS AND SPECIALTY CLEANS SEGMENT TRENDS 14
1.6 TECHNOLOGY TRENDS 15
1.7 COMPETITIVE LANDSCAPE 16
1.8 EHS, TRADE, AND/OR LOGISTICS ISSUES/CONCERNS 17
1.9 ANALYST ASSESSMENT OF WET CHEMICALS AND
SPECIALTY CLEANS 18
2 SCOPE, PURPOSE AND METHODOLOGY 20
2.1 SCOPE 21
2.2 METHODOLOGY 22
2.3 OVERVIEW OF OTHER TECHCET CMR™ OFFERINGS 23
3 SEMICONDUCTOR INDUSTRY MARKET STATUS & OUTLOOK 24
3.1 WORLDWIDE ECONOMY AND OUTLOOK 25
3.1.1 SEMICONDUCTOR INDUSTRIES TIES TO THE GLOBAL ECONOMY 27
3.1.2 SEMICONDUCTOR SALES GROWTH 28
3.1.3 TAIWAN OUTSOURCE MANUFACTURER MONTHLY
SALES TRENDS 29
3.2 CHIPS SALES BY ELECTRONIC GOODS SEGMENT 30
3.2.1 ELECTRONICS OUTLOOK 31
3.2.2 AUTOMOTIVE INDUSTRY OUTLOOK 32
3.2.2.1 ELECTRIC VEHICLE (EV) MARKET TRENDS 33
3.2.2.2 INCREASE IN SEMICONDUCTOR CONTENT FOR AUTOS 34
3.2.3 SMARTPHONE OUTLOOK 35
3.2.4 PC OUTLOOK 36
3.2.5 SERVERS / IT MARKET 37
3.3 SEMICONDUCTOR FABRICATION GROWTH & EXPANSION 38
3.3.1 IN THE MIDST OF HUGE INVESTMENT IN CHIP EXPANSIONS 39
3.3.2 NEW FABS IN THE US 40
3.3.3 WW FAB EXPANSION DRIVING GROWTH 41
3.3.4 EQUIPMENT SPENDING TRENDS 42
3.3.5 ADVANCED LOGIC TECHNOLOGY ROADMAPS 43
3.3.5.1 DRAM TECHNOLOGY ROADMAPS 44
3.3.5.2 3D NAND TECHNOLOGY ROADMAPS 45
3.3.6 FAB INVESTMENT ASSESSMENT 46
3.4 POLICY & TRADE TRENDS AND IMPACT 47
3.5 SEMICONDUCTOR MATERIALS OVERVIEW 48
3.5.1 TECHCET WAFER STARTS FORECAST THROUGH 2028 49
3.5.2 TECHCET MATERIALS MARKET FORECAST THROUGH 2028 50
4 WET CHEMICALS AND SPECIALTY CLEANS MARKET TRENDS 51
4.1 WET CHEMICALS AND SPECIALTY CLEANS MARKET OUTLOOK 52
4.1.1 2023 WET CHEMICALS AND SPECIALTY CLEANS MARKET
LEADING INTO 2024 53
4.2 WET CHEMICALS AND SPECIALTY CLEANS 5-YEAR UNIT
SHIPMENT FORECAST BY SEGMENT 54
4.2.1 WET CHEMICALS AND SPECIALTY CLEANS 5-YEAR REVENUE
FORECAST BY SEGMENT 55
4.2.2 H2SO4 VOLUME FORECAST 56
4.2.2.1 H2SO4 REVENUE FORECAST 57
4.2.3 H2O2 VOLUME FORECAST 58
4.2.3.1 H2O2 REVENUE FORECAST 59
4.2.4 H3PO4 VOLUME FORECAST 60
4.2.4.1 H3PO4 REVENUE FORECAST 61
4.2.5 NH4OH VOLUME FORECAST 62
4.2.5.1 NH4OH REVENUE FORECAST 63
4.2.6 IPA VOLUME FORECAST 64
4.2.6.1 IPA REVENUE FORECAST 65
4.2.7 HF VOLUME FORECAST 66
4.2.7.1 HF REVENUE FORECAST 67
4.2.8 HCL VOLUME FORECAST 68
4.2.8.1 HCL REVENUE FORECAST 69
4.2.9 HNO3 VOLUME FORECAST 70
4.2.9.1 HNO3 REVENUE FORECAST 71
4.2.10 AL PERR VOLUME FORECAST 72
4.2.10.1 AL PERR REVENUE FORECAST 73
4.2.11 CU PERR VOLUME FORECAST 74
4.2.11.1.CU PERR REVENUE FORECAST 75
4.2.12 PCMP REVENUE FORECAST 76
4.3 WET CHEMICALS AND SPECIALTY CLEANS SUPPLIERS
BY REGION 77
4.4 WET CHEMICALS AND SPECIALTY CLEANS PRODUCTION
CAPACITY EXPANSIONS 78
4.4.1 INVESTMENT ANNOUNCEMENTS OVERVIEW 79
4.4.2 INVESTMENT ACTIVITY ADDITIONAL COMMENTS 81
4.5 WET CHEMICALS AND SPECIALTY CLEANS SUPPLY VS.
DEMAND BALANCE – OVERVIEW 82
4.6 PRICING TRENDS 83
4.7 WET CHEMICALS AND SPECIALTY CLEANS GENERAL
TECHNOLOGY OVERVIEW 84
4.7.1 WET CHEMICALS AND SPECIALTY CLEANS TECHNOLOGY
TRENDS 85
4.7.2 EMERGING WET CHEMICALS AND SPECIALTY CLEANS
APPLICATION 86
4.8 REGIONAL CONSIDERATIONS 87
4.8.1 REGIONAL ASPECTS AND DRIVERS 88
4.9 EHS AND TRADE/LOGISTIC ISSUES 90
4.9.1 EHS ISSUES 92
4.9.2 TRADE/LOGISTICS ISSUES 94
4.10 ANALYST ASSESSMENT OF WET CHEMICALS AND
SPECIALTY CLEANS MARKET TRENDS 95
5 SUPPLY-SIDE MARKET LANDSCAPE 96
5.1 WET CHEMICALS MARKET SHARE 97
5.2 SPECIALTY CLEANS MARKET SHARE 98
5.3 M&A ACTIVITY AND PARTNERSHIPS 99
5.4 PLANT CLOSURES – NONE 100
5.5 NEW ENTRANTS 101
5.6 SUPPLIERS OR PARTS/PRODUCT LINES THAT ARE AT RISK OF
DISCONTINUATIONS - NONE 102
5.7 TECHCET ANALYST ASSESSMENT OF WET CHEMICALS
AND SPECIALTY CLEANS SUPPLIERS 103
6 SUB-TIER SUPPLY CHAIN, WET CHEMICALS AND SPECIALTY CLEANS 105
6.1 SUB-TIER SUPPLY CHAIN: SOURCES & MARKETS OVERVIEW 106
6.1.1 SUB-TIER SUPPLIERS: A REPRESENTATIVE BUT
NON-COMPREHENSIVE LIST 107
6.1.2 SUB-TIER MATERIAL MARKET BACKGROUND 109
6.1.3 SUB-TIER MATERIAL MARKET TRENDS 110
6.1.4 SUB-TIER MATERIAL INDUSTRIAL VS. SEMICONDUCTOR GRADE 111
6.1.5 SEMICONDUCTOR-GRADE SUB-TIER MATERIAL SUPPLIER NEWS 112
6.2 SUB-TIER SUPPLY CHAIN TECHCET ANALYST ASSESSMENT 114
7 SUPPLIER PROFILES 115
ATOTECH
AUECC
AVANTOR
BASF
CHANG CHUN PETROCHEMICAL
…AND 40+ MORE
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List of Tables/Graphs
FIGURES
FIGURE 1.1: WET CHEMICALS AND SPECIALTY CLEANS
SHIPMENT FORECAST BY SEGMENT 12
FIGURE 1.2: WET CHEMICALS AND SPECIALTY CLEANS REVENUE
FORECAST BY SEGMENT 13
FIGURE 1.3: 2023 SPECIALTY CLEANS SUPPLIER MARKET
SHARE BY REVENUE 16
FIGURE 3.1: GLOBAL ECONOMY AND THE ELECTRONICS
SUPPLY CHAIN (2023) 27
FIGURE 3.2: WORLDWIDE SEMICONDUCTOR SALES 28
FIGURE 3.3: TECHCET’S TAIWAN SEMICONDUCTOR INDUSTRY
INDEX (TTSI) 29
FIGURE 3.4: 2023 SEMICONDUCTOR CHIP APPLICATIONS 30
FIGURE 3.5: GLOBAL LIGHT VEHICLE UNIT SALES (IN MILLIONS OF UNITS) 32
FIGURE 3.6: ELECTRIFICATION TREND BY WORLD REGION 33
FIGURE 3.7: AUTOMOTIVE SEMICONDUCTOR PRODUCTION 34
FIGURE 3.8: MOBILE PHONE SHIPMENTS, WW ESTIMATES 35
FIGURE 3.9: WORLDWIDE PC AND TABLET FORECAST 36
FIGURE 3.10: TSMC PHOENIX CAMPUS WITH THE 2ND FAB VISIBLE
IN THE BACKGROUND 38
FIGURE 3.11: ESTIMATED GLOBAL FAB SPENDING 2023-2028 39
FIGURE 3.12: FAB EXPANSIONS WITHIN THE US 40
FIGURE 3.13: SEMICONDUCTOR CHIP MANUFACTURING REGIONS OF
THE WORLD 41
FIGURE 3.14: GLOBAL TOTAL EQUIPMENT SPENDING (US$ M)
AND Y-O-Y CHANGE 42
FIGURE 3.15: ADVANCED LOGIC DEVICE TECHNOLOGY
ROADMAP OVERVIEW 43
FIGURE 3.16: DRAM TECHNOLOGY ROADMAP OVERVIEW 44
FIGURE 3.17: 3D NAND TECHNOLOGY ROADMAP OVERVIEW 45
FIGURE 3.18: INTEL OHIO PLANT SITE AS OF FEB. 2024 46
FIGURE 3.19: TECHCET WAFER START FORECAST BY NODE SEGMENTS 49
FIGURE 3.20: TECHCET WORLDWIDE MATERIALS FORECAST ($M USD) 50
FIGURE 4.1: WET CHEMICALS AND SPECIALTY CLEANS SHIPMENT
FORECAST BY SEGMENT 54
FIGURE 4.2: WET CHEMICALS AND SPECIALTY CLEANS REVENUE
FORECAST BY SEGMENT 55
FIGURE 4.3: H2SO4 VOLUME FORECAST 56
FIGURE 4.4: H2SO4 REVENUE FORECAST 57
FIGURE 4.5: H2O2 VOLUME FORECAST 58
FIGURE 4.6: H2O2 REVENUE FORECAST 59
FIGURE 4.7: H3PO4 VOLUME FORECAST 60
FIGURE 4.8: H3PO4 REVENUE FORECAST 61
FIGURE 4.9: NH4OH VOLUME FORECAST 62
FIGURE 4.10: NH4OH REVENUE FORECAST 63
FIGURE 4.11: IPA VOLUME FORECAST 64
FIGURE 4.12: IPA REVENUE FORECAST 65
FIGURE 4.13: HF VOLUME FORECAST 66
FIGURE 4.14: HF REVENUE FORECAST 67
FIGURE 4.15: HCL VOLUME FORECAST 68
FIGURE 4.16: HCL REVENUE FORECAST 69
FIGURE 4.17: HNO3 VOLUME FORECAST 70
FIGURE 4.18: HNO3 REVENUE FORECAST 71
FIGURE 4.19: AL PERR VOLUME FORECAST 72
FIGURE 4.20: AL PERR REVENUE FORECAST 73
FIGURE 4.21: CU PERR VOLUME FORECAST 74
FIGURE 4.22: CU PERR REVENUE FORECAST 75
FIGURE 4.23: PCMP REVENUE FORECAST 76
FIGURE 4.24: SELECTIVE ISOTROPIC SIGE ETCH 86
FIGURE 4.25: CMP PROCESSES IN FEOL, MOL, BEOL 86
FIGURE 4.26: 4NM METALLIZATION STACK EMPLOYING W, CU, TA, CO 86
FIGURE 4.27: PHOTORESIST PATTERN COLLAPSE 86
FIGURE 4.28: 2023 WET CHEMICALS AND SPECIALTY CLEANS
REVENUE SHARE ESTIMATE BY REGION 87
FIGURE 5.1: 2023 SPECIALTY CLEANS SUPPLIER MARKET SHARE
BY REVENUE 98
FIGURE 6.1: MATERIAL DEMAND SEMICONDUCTOR VS. GLOBAL 111
FIGURE 6.2: ENERGY COST TRENDS (NATURAL GAS AND CRUDE
OIL REPORTED BY ST. LOUIS FED 5/2024) 112
FIGURE 6.3: FLUORSPAR PRICING 113
FIGURE 6.4: PROPYLENE PRICING 113
TABLES
TABLE 1.1: WET CHEMICALS AND SPECIALTY CLEANS GROWTH
OVERVIEW 10
TABLE 3.1: GLOBAL GDP AND SEMICONDUCTOR REVENUES 25
TABLE 3.2: WORLD BANK ECONOMIC OUTLOOK (JANUARY 2024) 26
TABLE 3.3: BATTERY ELECTRIC VEHICLE (BEV) REGIONAL TRENDS 33
TABLE 3.4: DATA CENTER SYSTEMS AND COMMUNICATION
SERVICES MARKET SPENDING 2023 37
TABLE 4.1: WET CHEMICALS AND SPECIALTY CLEANS LEADING
SUPPLIER MANUFACTURING LOCATIONS 77
TABLE 4.2: OVERVIEW OF ANNOUNCED 2023/2024 WET CHEMICALS
AND SPECIALTY CLEANS SUPPLIER INVESTMENTS 79
TABLE 4.3: OVERVIEW OF ANNOUNCED 2023/2024 WET CHEMICALS
AND SPECIALTY CLEANS SUPPLIER INVESTMENTS, CONTINUED 80
TABLE 4.4: REGIONAL WET CHEMICALS AND SPECIALTY
CLEANS MARKETS 88
TABLE 4.5: REGIONAL WET CHEMICALS AND SPECIALTY
CLEANS MARKETS, CONTINUED 89
TABLE 5.1: 2023 TIER 1 WET CHEMICALS SUPPLIER BREADTH
OF OFFERINGS 97
TABLE 6.1: SUB-TIER SUPPLIERS 107
TABLE 6.2: SUB-TIER SUPPLIERS,, CONTINUED 108
Press Release
April 24, 2024
Semiconductor Wet Chemicals Growth Underway
Suppliers remain “expansion-ready” for incoming fabs
San Diego, CA, April 24, 2024: TECHCET — the advisory firm providing materials market information for semiconductor supply chain resilience — is anticipating an 8% rebound in the semiconductor wet chemicals market in 2024, which will hit US $5.5 billion. The future ramp in wet chemicals will be largely driven by growth in chemical consumption from leading-edge device technology, especially as expansion in 3DNAND layers ramp to 5XXL layer count, as highlighted in TECHCET’s Critical Materials Report on Wet Chemicals.
The dynamics of the US chemical supply are progressively changing as expansion activities ensue. TECHCET is forecasting a jump in the US domestic share of the semiconductor material market up to 13%-15% by 2027, as support grows for incoming fab expansions. While this outlook is looking generally positive for the US semiconductor industry, uncertainties with timing expansions have made it difficult for suppliers to plan effectively, and CHIPS Act funding does not seem to be helping as much as initially anticipated. Fabs and equipment manufacturers remain the priority of CHIPS Act funding, while material suppliers see the Notice of Funding Opportunity (NOFO) as offering little support.
US expansions appear to be slowing down based on TSMC’s delay announcement to 2025, alongside delays by Intel and Samsung. Noting this, many suppliers remain “expansion-ready,” and are just awaiting continued progress and demand signals from chip manufacturers. To hear more on this topic, Kevin McLaughlin, Sr. Director at TECHCET, will speak on “The Intersection of Semiconductors and Governments: Increased Funding, Support…and Regulations” at the Surface Preparation and Cleaning Conference (SPCC) on April 25, 2024.
Investments are evident from Japan, Taiwan and Korea in new chemical facilities and expansions both regionally, external in Asia Pacific, and in the US. In Europe, major players like Intel and TSMC are also building new fabrication plants, increasing demand for wet chemicals.
