Summary

The electronic chemicals market size was valued at US$ 46.35 billion in 2022 and is expected to reach US$ 76.38 billion by 2030; it is estimated to register a CAGR of 6.4% from 2022 to 2030.

The electronics industry utilizes a wide range of specialty chemicals such as CMP slurries, solvents, surfactants, photoresist chemicals, wet chemicals, and acids for the manufacturing of electronic components and products, including silicon wafers, printed circuit boards, and integrated circuits. Electronic components are used in many industries, such as automotive, consumer electronics, telecommunication, and energy storage systems. The growing consumption of integrated circuits and development in the semiconductor industry, supported by government policies is boosting the global electronics industry, subsequently driving the electronic chemicals market. The global electronic chemicals market size is likely to surge by 2030 owing to the emerging applications in renewable energy.

Major factors driving the market growth are the expanding semiconductor industry and rising demand for flat-panel displays. The semiconductor industry is witnessing considerable growth owing to the increasing demand for electronic devices and the proliferation of emerging applications such as artificial intelligence, Internet of Things, and automotive electronics. As a result of continuous innovation, semiconductor technology has evolved rapidly in the past few years, enabling the development of small, fast, and energy-efficient chips with better processing capabilities. Furthermore, the growing focus on technological advancements in semiconductor manufacturing contributes significantly to the electronic chemicals market growth. Additionally, flat-panel displays such as liquid crystal displays, organic light-emitting diode displays, and microLED displays require sophisticated manufacturing processes that rely on electronic chemicals. These chemicals are used for cleaning, patterning, coating, encapsulation, and surface treatment steps to fabricate various layers and components of flat-panel displays. Cleaning agents such as solvents, surfactants, and etchants are used to remove contaminants, particles, and residues from glass substrates and semiconductor layers. Thus, the automotive industry is contributing to the growing electronic chemicals market size.

Based on product type, the market is segmented into CMP slurries, photoresist chemicals, wet chemicals, acids, and others. The wet chemicals segment accounts for the largest electronic chemicals market share. Wet chemicals encompass a wide range of solutions and formulations tailored to specific applications, including cleaning, etching, stripping, and surface modification processes. One of the primary uses of wet chemicals is wafer cleaning, where they remove contaminants, residues, and particles from semiconductor surfaces to ensure optimal device performance and reliability. Cleaning solutions may include acids, bases, organic solvents, surfactants, and chelating agents, carefully formulated to target specific contaminants while minimizing damage to sensitive materials. Etching is another essential process facilitated by wet chemicals, whereby materials are selectively removed from semiconductor substrates to create intricate patterns and features.

In 2022, Asia Pacific held a significant electronic chemicals market share. Electronics and semiconductor manufacturing in Asia Pacific has been a major driver for global trade. Asia Pacific is a global hub for the production and export of technical consumer goods—including consumer electronics such as laptops, desktops, cellphones, radio sets, sound systems, and televisions—and other essential electronic parts and domestic appliances. The increase in the number of on-fleet vehicles in Asian countries such as China, India, and South Korea is propelling the demand for printed circuit boards (PCB)s and semiconductors. China is one of the high-skilled manufacturing hubs.

Fujifilm Holding Corp, Solvay SA, BASF SE, Linde Plc, Honeywell International Inc, Songwon Industrial Co Ltd, Hitachi High-Tech Corp, RBP Chemical Technology Inc, PVS Chemical Solutions Inc, and Esprix Technologies LP are among the prominent players profiled in the electronic chemicals market report. In addition, several other players have been studied and analyzed during the study to get a holistic view of the market and its ecosystem. The electronic chemicals market report also includes company positioning and concentration to evaluate the performance of competitors/players in the market.



The overall global electronic chemicals market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. Participants in this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the electronic chemicals market.

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Table of Contents

1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Electronic Chemicals Market Landscape
4.1 Overview
4.2 Porter’s Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. Electronic Chemicals Market – Key Market Dynamics
5.1 Electronic Chemicals Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Growth of Semiconductor Industry
5.2.2 Rising Demand for Flat-Panel Displays
5.3 Market Restraints
5.3.1 Stringent Environmental and Regulatory Requirements
5.4 Market Opportunities
5.4.1 Emerging Applications in Renewable Energy
5.5 Future Trends
5.5.1 Adoption of Nanotechnology in Electronic Devices
5.6 Impact of Drivers and Restraints:
6. Electronic Chemicals Market – Global Market Analysis
6.1 Global Electronic Chemicals Market Revenue (US$ Million), 2022–2030
6.2 Global Electronic Chemicals Market Forecast Analysis
7. Electronic Chemicals Market Analysis – By Product Type
7.1 CMP Slurries
7.1.1 Overview
7.1.2 CMP Slurries: Electronic Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
7.2 Photoresist Chemicals
7.2.1 Overview
7.2.2 Photoresist Chemicals: Electronic Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
7.3 Wet Chemicals
7.3.1 Overview
7.3.2 Wet Chemicals: Electronic Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Acids
7.4.1 Overview
7.4.2 Acids: Electronic Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Electronic Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
8. Electronic Chemicals Market Analysis – By End Use
8.1 Semiconductors
8.1.1 Overview
8.1.2 Semiconductors: Electronic Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
8.2 Flat Panel Displays
8.2.1 Overview
8.2.2 Flat Panel Displays: Electronic Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
8.3 Printed Circuit Boards
8.3.1 Overview
8.3.2 Printed Circuit Boards: Electronic Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Photovoltaics
8.4.1 Overview
8.4.2 Photovoltaics: Electronic Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Electronic Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
9. Electronic Chemicals Market – Geographical Analysis
9.1 Overview
9.2 North America
9.2.1 North America Electronic Chemicals Market Overview
9.2.2 North America: Electronic Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
9.2.3 North America: Electronic Chemicals Market Breakdown, by Product Type
9.2.3.1 North America: Electronic Chemicals Market – Revenue and Forecast Analysis – by Product Type
9.2.4 North America: Electronic Chemicals Market Breakdown, by End Use
9.2.4.1 North America: Electronic Chemicals Market – Revenue and Forecast Analysis – by End Use
9.2.5 North America: Electronic Chemicals Market – Revenue and Forecast Analysis – by Country
9.2.5.1 North America: Electronic Chemicals Market – Revenue and Forecast Analysis – by Country
9.2.5.2 United States: Electronic Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
9.2.5.2.1 United States: Electronic Chemicals Market Breakdown, by Product Type
9.2.5.2.2 United States: Electronic Chemicals Market Breakdown, by End Use
9.2.5.3 Canada: Electronic Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
9.2.5.3.1 Canada: Electronic Chemicals Market Breakdown, by Product Type
9.2.5.3.2 Canada: Electronic Chemicals Market Breakdown, by End Use
9.2.5.4 Mexico: Electronic Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
9.2.5.4.1 Mexico: Electronic Chemicals Market Breakdown, by Product Type
9.2.5.4.2 Mexico: Electronic Chemicals Market Breakdown, by End Use
9.3 Europe
9.3.1 Europe Electronic Chemicals Market Overview
9.3.2 Europe: Electronic Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
9.3.3 Europe: Electronic Chemicals Market Breakdown, by Product Type
9.3.3.1 Europe: Electronic Chemicals Market – Revenue and Forecast Analysis – by Product Type
9.3.4 Europe: Electronic Chemicals Market Breakdown, by End Use
9.3.4.1 Europe: Electronic Chemicals Market – Revenue and Forecast Analysis – by End Use
9.3.5 Europe: Electronic Chemicals Market – Revenue and Forecast Analysis – by Country
9.3.5.1 Europe: Electronic Chemicals Market – Revenue and Forecast Analysis – by Country
9.3.5.2 Germany: Electronic Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
9.3.5.2.1 Germany: Electronic Chemicals Market Breakdown, by Product Type
9.3.5.2.2 Germany: Electronic Chemicals Market Breakdown, by End Use
9.3.5.3 France: Electronic Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
9.3.5.3.1 France: Electronic Chemicals Market Breakdown, by Product Type
9.3.5.3.2 France: Electronic Chemicals Market Breakdown, by End Use
9.3.5.4 Italy: Electronic Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
9.3.5.4.1 Italy: Electronic Chemicals Market Breakdown, by Product Type
9.3.5.4.2 Italy: Electronic Chemicals Market Breakdown, by End Use
9.3.5.5 United Kingdom: Electronic Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
9.3.5.5.1 United Kingdom: Electronic Chemicals Market Breakdown, by Product Type
9.3.5.5.2 United Kingdom: Electronic Chemicals Market Breakdown, by End Use
9.3.5.6 Russian Federation: Electronic Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
9.3.5.6.1 Russian Federation: Electronic Chemicals Market Breakdown, by Product Type
9.3.5.6.2 Russian Federation: Electronic Chemicals Market Breakdown, by End Use
9.3.5.7 Rest of Europe: Electronic Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
9.3.5.7.1 Rest of Europe: Electronic Chemicals Market Breakdown, by Product Type
9.3.5.7.2 Rest of Europe: Electronic Chemicals Market Breakdown, by End Use
9.4 Asia Pacific
9.4.1 Asia Pacific Electronic Chemicals Market Overview
9.4.2 Asia Pacific: Electronic Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
9.4.3 Asia Pacific: Electronic Chemicals Market Breakdown, by Product Type
9.4.3.1 Asia Pacific: Electronic Chemicals Market – Revenue and Forecast Analysis – by Product Type
9.4.4 Asia Pacific: Electronic Chemicals Market Breakdown, by End Use
9.4.4.1 Asia Pacific: Electronic Chemicals Market – Revenue and Forecast Analysis – by End Use
9.4.5 Asia Pacific: Electronic Chemicals Market – Revenue and Forecast Analysis – by Country
9.4.5.1 Asia Pacific: Electronic Chemicals Market – Revenue and Forecast Analysis – by Country
9.4.5.2 Australia: Electronic Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
9.4.5.2.1 Australia: Electronic Chemicals Market Breakdown, by Product Type
9.4.5.2.2 Australia: Electronic Chemicals Market Breakdown, by End Use
9.4.5.3 China: Electronic Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
9.4.5.3.1 China: Electronic Chemicals Market Breakdown, by Product Type
9.4.5.3.2 China: Electronic Chemicals Market Breakdown, by End Use
9.4.5.4 India: Electronic Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
9.4.5.4.1 India: Electronic Chemicals Market Breakdown, by Product Type
9.4.5.4.2 India: Electronic Chemicals Market Breakdown, by End Use
9.4.5.5 Japan: Electronic Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
9.4.5.5.1 Japan: Electronic Chemicals Market Breakdown, by Product Type
9.4.5.5.2 Japan: Electronic Chemicals Market Breakdown, by End Use
9.4.5.6 South Korea: Electronic Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
9.4.5.6.1 South Korea: Electronic Chemicals Market Breakdown, by Product Type
9.4.5.6.2 South Korea: Electronic Chemicals Market Breakdown, by End Use
9.4.5.7 Rest of APAC: Electronic Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
9.4.5.7.1 Rest of APAC: Electronic Chemicals Market Breakdown, by Product Type
9.4.5.7.2 Rest of APAC: Electronic Chemicals Market Breakdown, by End Use
9.5 Middle East and Africa
9.5.1 Middle East and Africa Electronic Chemicals Market Overview
9.5.2 Middle East and Africa: Electronic Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
9.5.3 Middle East and Africa: Electronic Chemicals Market Breakdown, by Product Type
9.5.3.1 Middle East and Africa: Electronic Chemicals Market – Revenue and Forecast Analysis – by Product Type
9.5.4 Middle East and Africa: Electronic Chemicals Market Breakdown, by End Use
9.5.4.1 Middle East and Africa: Electronic Chemicals Market – Revenue and Forecast Analysis – by End Use
9.5.5 Middle East and Africa: Electronic Chemicals Market – Revenue and Forecast Analysis – by Country
9.5.5.1 Middle East and Africa: Electronic Chemicals Market – Revenue and Forecast Analysis – by Country
9.5.5.2 South Africa: Electronic Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
9.5.5.2.1 South Africa: Electronic Chemicals Market Breakdown, by Product Type
9.5.5.2.2 South Africa: Electronic Chemicals Market Breakdown, by End Use
9.5.5.3 Saudi Arabia: Electronic Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
9.5.5.3.1 Saudi Arabia: Electronic Chemicals Market Breakdown, by Product Type
9.5.5.3.2 Saudi Arabia: Electronic Chemicals Market Breakdown, by End Use
9.5.5.4 United Arab Emirates: Electronic Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
9.5.5.4.1 United Arab Emirates: Electronic Chemicals Market Breakdown, by Product Type
9.5.5.4.2 United Arab Emirates: Electronic Chemicals Market Breakdown, by End Use
9.5.5.5 Rest of Middle East and Africa: Electronic Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
9.5.5.5.1 Rest of Middle East and Africa: Electronic Chemicals Market Breakdown, by Product Type
9.5.5.5.2 Rest of Middle East and Africa: Electronic Chemicals Market Breakdown, by End Use
9.6 South and Central America
9.6.1 South and Central America Electronic Chemicals Market Overview
9.6.2 South and Central America: Electronic Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
9.6.3 South and Central America: Electronic Chemicals Market Breakdown, by Product Type
9.6.3.1 South and Central America: Electronic Chemicals Market – Revenue and Forecast Analysis – by Product Type
9.6.4 South and Central America: Electronic Chemicals Market Breakdown, by End Use
9.6.4.1 South and Central America: Electronic Chemicals Market – Revenue and Forecast Analysis – by End Use
9.6.5 South and Central America: Electronic Chemicals Market – Revenue and Forecast Analysis – by Country
9.6.5.1 South and Central America: Electronic Chemicals Market – Revenue and Forecast Analysis – by Country
9.6.5.2 Brazil: Electronic Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
9.6.5.2.1 Brazil: Electronic Chemicals Market Breakdown, by Product Type
9.6.5.2.2 Brazil: Electronic Chemicals Market Breakdown, by End Use
9.6.5.3 Argentina: Electronic Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
9.6.5.3.1 Argentina: Electronic Chemicals Market Breakdown, by Product Type
9.6.5.3.2 Argentina: Electronic Chemicals Market Breakdown, by End Use
9.6.5.4 Rest of South and Central America: Electronic Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
9.6.5.4.1 Rest of South and Central America: Electronic Chemicals Market Breakdown, by Product Type
9.6.5.4.2 Rest of South and Central America: Electronic Chemicals Market Breakdown, by End Use
10. Electronic Chemicals Market – Impact of COVID-19 Pandemic
10.1 Pre & Post COVID-19 Impact
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition
13. Company Profiles
13.1 FUJIFILM Holdings Corp
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Songwon Industrial Co Ltd
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 PVS Chemical Solutions Inc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Hitachi High-Tech Corp
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Solvay SA
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 BASF SE
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Linde Plc
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Honeywell International Inc
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 RBP Chemical Technology Inc
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Esprix Technologies LP
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners