1. Market Research
  2. > Manufacturing
  3. > Electronic Component
  4. > Semiconductor Market Trends
Wet Chemicals Market for Electronics & Semiconductor Applications - Growth, Trends, and Forecast (2019 - 2024)

Wet Chemicals Market for Electronics & Semiconductor Applications - Growth, Trends, and Forecast (2019 - 2024)

  • July 2019
  • 141 pages
  • ID: 5786706
  • Format: PDF
  • Mordor Intelligence LLP
Up to $1200 off Until Mar 10th 2021

Summary

Table of Contents

Search Inside

Market Overview
The wet chemicals market for electronics and semiconductor applications is expected to grow at a CAGR of 6.36% during the forecast period of 2019 – 2024. Rising demand from modern technology industries and surging demand for hydrogen peroxide from the semiconductor industry are expected to drive the growth of the market studied.

- However, sudden dip in the semiconductor industry and waste management of semiconductors are anticipated to hinder the growth of the market studied.
- By product type, the hydrogen peroxide segment accounted for the largest share of 25 %, in 2018.
- By geography, Asia-Pacific dominated the global market. In 2018. It also expected to register the fastest CAGR of 7.05% over the forecast period.

Key Market Trends
Increasing Demand for Hydrogen Peroxide

- The hydrogen peroxide chemical is estimated to hold the highest share in the global market, on account of its extensive use in the semiconductor industry as a wet chemical, from the long-established applications in the etching of printed circuit boards to the more recent application of ultra-high purity grades in the semiconductor production.
- The manufacturing and processing of semiconductor wafers mainly involve wet chemistry steps, where hydrogen peroxide (H2O2) is used in combination with other chemicals for cost-effective cleaning and etching. The main application of hydrogen peroxide in the electronics industry include:
- In the first step of RCA cleaning, it is used with ammonia (removal of organic impurities and particles on wafers)
- In the third step of RCA cleaning, it is used with hydrochloric acid (removal of metallic impurities on wafers)
- Finally, with sulfuric acid in “piranha acid”, for residual organic film removal
- High purity hydrogen peroxide is a key chemical in the manufacturing of semiconductor chips. The demand for ultra-pure hydrogen peroxide increases with the increase in the complexity of computer chips and the miniaturization of circuits in them.
- Due to rapid expansion in the electronics industry, the demand for electronic chemicals used to clean and etch large-scale integrated circuits and semiconductors has also surged. To offset that demand, companies have started investing in new hydrogen peroxide production plants.
- For instance, in 2018, Solvay announced to open a new electronic grade hydrogen peroxide plant in China. With an annual capacity up to 24,000 metric ton, the new facility is likely to supply the semiconductor industry with an essential chemical agent for the production of integrated electronic circuits.
- All the aforementioned factors, in turn, are expected to increase the demand for wet chemicals in the electronics and semiconductor applications.

Asia-Pacific Region to Dominate the Market

- Asia-Pacific region dominated the global market share in 2018. With growing demand for the electronics in the countries such as China, India, and Japan, the usage of wet chemicals is increasing in the region.
- The semiconductors market in China is currently lagging behind. Currently, China is the net importer of semiconductor chips with China manufacturing less than 20% of semiconductors used. As part of the country’s ambitious “Made in China 2025” plan, the Chinese government has announced their decision to reach output of USD 305 billion by 2030, and therefore meet 80% of its domestic demand. In 2018, China imported semiconductor chips worth USD 312 billion.
- Similarly, over 90% of the IC’s that are currently being used by China are either imported or domestically manufactured by foreign chipmakers. In 2018, the total imported volume of integrated circuits in China was about 417.60 billion units, representing an increase of 10.80% Y-o-Y over 2017. The total imported value of these integrated circuits was about USD 312.06 billion, representing an increase of 20% Y-o-Y over 2017.
- The Chinese government has declared to invest above USD100 billion over the following decade to catch up with the United States in semiconductor technology. Some of the cities which have announced their plans for the production facilities for semiconductors include Chongqing, Shanghai, Beijing, Chengdu, Hefei, Shenzhen, Wuhan, Xiamen and Liaoning, and Shaanxi. Therefore with the establishment of new semiconductor manufacturing facilities, the demand for wet chemicals is expected to rapidly increase over the forecast period.
- The aforementioned factors are contributing to the increasing demand for wet chemicals consumption in the region during the forecast period.

Competitive Landscape
The wet chemicals market for electronics and semiconductor applications is highly concentrated, with top five players accounting for over 60% of the market share in 2018. Major players in the market include KMG Chemicals, BASF SE, Avantor Inc., Honeywell International LLC and KANTO CHEMICAL CO. INC., amongst others

Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client’s requirements
- 3 months of analyst support

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
10% Off

$6000

  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Electronic Chemicals and Materials Market by Type, Application and Region - Global forecast to 2025

  • $ 4950
  • January 2021
  • 181 pages

The electronic chemicals and materials market size is projected to grow from USD 58.8 billion in 2020 to USD 81.7 billion by 2025, at a compound annual growth rate (CAGR) of 6.8% during the forecast period. ...

  • World
  • Europe
  • Semiconductor
  • Industry analysis
  • Semiconductor Production
  • Electronics Production

ref:plp2019

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on