Electronic Wet Chemicals Market worth $5.4 billion by 2028 – At a CAGR of 7.2%

As per the recently published report by MarketsandMarkets™, The Electronic Wet Chemicals Market by Type (Acetic Acid, Isopropyl Alcohol, Phosphoric Acid) Form (Liquid Form, Solid Form, Gas Form) Application (Semiconductor, IC Packaging, PCB), End-use Industry, And Region – Global Forecast to 2028″, is 3.8 billion in 2023 and is projected to reach USD 5.4 billion by 2028, at a CAGR of 7.2% from USD 3.8 billion in 2023. The market growth is driven by technological advancements in the electronics industry and rise in the demand for hydrogen peroxide from the semiconductor industry.

Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=265979069
  • 337 Market data Tables
  • 50 Figures
  • 284 Pages and in-depth TOC on “Electronic Wet Chemicals Market – Global Forecast to 2028” 
This report also provides a comprehensive analysis of the companies listed below:

The key players in electronic wet chemicals market are Avantor Inc. (US), BASF SE (Germany), Cabot Microelectronics (US), and Kanto Chemical Co. Inc. (Japan), Honeywell International, Inc. (US), Eastman Chemical Company (US), Linde Plc (Ireland), Solvay (Belgium), Fujifilm Corporation (Japan), and Technic Inc. (US)etc. These companies are strong in their home regions and explore geographic diversification alternatives to grow their businesses. They focus on increasing their market shares through new product launches and other expansions.

Recent Developments in Electronic Wet Chemicals Market
  1. In December 2023, BASF SE (Germany)and Vattenfall (Netherland) are in advanced and exclusive discussions to partner on the Nordlicht 1 and 2 projects through a sale of 49% of the project shares to BASF. Both parties signed a Memorandum of Understanding to formally express their joint ambition. Vattenfall will use its share of the fossil free electricity to supply its German customers.
  2. In April 2023, Cabot Microelectronics Corporation (US) announced that it has acquired the Chiba solar farm (China).
  3. In January 2022, Honeywell International, Inc. (US) acquired 100% of the issued and outstanding shares of US Digital Designs, Inc.,(Us) a leading provider of technologies for first responders, for total consideration of $186 million. The business is included within the Honeywell Building Technologies reportable business segment.
  4. In June 2019, Kanto Chemical Co. Inc invested around USD 63.7 million to expand its production facility in Taiwan to meet the growing demand of major local clients from the semiconductors industry. This facility will increase the annual output of semiconductor products from 120,000 tons to 200,000 tons.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=265979069

Avantor Inc. – Avantor Inc. provides high-quality products and services to customers in the biopharma, healthcare, education & government, and advanced technologies & applied materials industries. The company operates through three geographic segments based on customer location- Americas, Europe, and AMEA (Asia, Middles East & Africa). Each segment manufactures and distributes products and solutions for life science and applied technologies & applied materials industries. The company offers electronic wet chemicals under the brand name J.T. Baker. It provides photoresist strippers, residue removers, and material etching and cleaning chemistries for various semiconductors and microelectromechanical systems (MEMS).  It operates in more than 30 countries and delivers an extensive portfolio of products and services. It primarily operates in the US and has an active presence in Europe, APAC, the Middle East & Africa.

BASF SE – BASF SE engages in the production of sales of a wide range of chemicals and intermediate solutions. The company operates through seven business segments – chemicals, materials, industrial solutions, surface technologies, nutrition & care, agricultural solutions, and others. The company offers electronic wet chemicals through the chemicals business segment. It provides performance chemicals for numerous industries, such as oil & gas, paper mining, and water treatment.  BASF SE has a strong global presence, and it operates through 390 production facilities across Europe, more than 90 countries, through subsidiaries. It primarily operates in Europe and has an active presence in North America, APAC, South America, Africa, and the Middle East.

Cabot Microelectronics Corporation – Cabot Microelectronics is involved in the development, production, distribution, and sales of specialty chemicals and performance materials for semiconductors, pipeline & energy services, and industrial wood preservation markets. The company operates in two business segments – electronic chemicals and performance materials. It caters to the electronic wet chemicals market through the electronic chemicals business segment. Electronic materials provide products and solutions for the semiconductors industry. The electronic materials segment consists of CMP slurries and polishing pads businesses and KMG electronic chemicals business. The company generates 57% of the revenue from 5 electronics giants, out of which Samsung, Taiwan Semiconductor Manufacturing Company (TSMC), and SK Hynix Inc. contribute 18%, 12%, and 10%, respectively. The company has its operations in the US and European and Asian countries.

Honeywell International, Inc. – Honeywell International, Inc. is a software industrial company, which offers solutions to aerospace and automotive products and services. It operates through four business segments – aerospace, Honeywell building technologies, performance materials and technologies, and safety and productivity solutions. The company caters to the electronic wet chemicals market through the performance materials and technologies business segment. It offers high-purity and ultra-high-purity chemicals such as straight acids and bases, selective etchants and blends, solvents, and wafer thinning materials for the semiconductors and electronics industries.

Kanto Chemical Co. Inc. – Kanto Chemical Co. Inc. engages in the manufacturing and sales of high-purity chemicals and automatic chemical dispense systems. The company has a wide range of product lines from fundamental reagents supporting advanced science and technologies to a variety of chemicals and chemical materials necessary for highly technological industries such as electronics and semiconductors. The company has a strong distribution network in APAC.

The electronic wet chemicals market experiences its largest share in the Asia-Pacific region, driven by various interconnected factors that collectively contribute to its dominance in this sector. A key factor is the region’s remarkable growth as a prominent global hub for electronics manufacturing. Countries like China, South Korea, Taiwan, and Japan have emerged as significant centers for semiconductor fabrication and electronics assembly, fostering considerable demand for electronic wet chemicals throughout various stages of the manufacturing process. Additionally, the Asia-Pacific region benefits from a thriving consumer electronics market, propelled by an expanding middle class and rising disposable income. This heightened demand for electronic devices such as smartphones, tablets, televisions, and other gadgets directly correlates with an increased need for wet chemicals in their production.

Furthermore, there has been a noticeable shift in semiconductor production towards Asia-Pacific nations, further solidifying the region’s crucial role in driving the electronic wet chemicals market. This strategic relocation aligns with the region’s expertise, infrastructural development, and capacity to meet the growing demand for semiconductors and electronic components. Collectively, these factors firmly establish the Asia-Pacific region as the foremost and most influential market for electronic wet chemicals, underscoring its pivotal position in the global electronics manufacturing landscape.

Inquire Now: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=265979069

Download Reports PDF Brochure of Now Trending in APAC Region

Leave a Comment

Your email address will not be published. Required fields are marked *