Electronic Wet Chemicals Market Size – by Product Type (Acetic Acid, Isopropyl Alcohol (IPA), Hydrogen Peroxide, Hydrochloric Acid, Ammonium Hydroxide, Hydrofluoric Acid, Nitric Acid, Phosphoric Acid, Sulfuric Acid, and Others), Application (Integrated Circuits (ICs), Printed Circuit Boards (PCBs), Flat Panel Displays (FPDs), Photovoltaic Cells and others); By Form (Liquid, Solid and Gas); By Distribution Channel (Direct Sales, Distributors, Online Sales and Others); & Region – Global Forecasts 2024 - 2034
- PUBLISHED ON
- 2024-06-06
- NO OF PAGES
- 231
- CATEGORY
- Chemicals & Materials
Market Overview
The Electronic Wet Chemicals market is predicted to develop at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2034, when it is projected to reach USD 8,624.75 Million in 2034, based on an average growth pattern. The market is estimated to reach a value of USD 4,257.47 Million in 2024.
SOURCE: We Market Research
Electronic wet
chemicals are specialized chemicals used in the manufacturing and processing of
electronic components and devices. These chemicals play crucial roles in
various steps of electronic manufacturing, including cleaning, etching,
stripping, and surface preparation of electronic substrates such as silicon
wafers, printed circuit boards (PCBs), and flat panel displays. The high purity
and specific chemical properties of these wet chemicals are essential for
ensuring the precision and reliability required in the electronics industry.
The global
electronic wet chemicals market refers to the industry involved in the
production, distribution, and use of high-purity chemical compounds
specifically formulated for applications in the manufacturing and processing of
electronic components and devices. These wet chemicals are essential in various
stages of electronic device fabrication, including cleaning, etching, doping,
stripping, and surface preparation of substrates such as silicon wafers,
printed circuit boards (PCBs), flat panel displays (FPDs), and other
semiconductor devices.
Electronic wet
chemicals are characterized by their extremely high purity levels, often
requiring purities of 99.99% or higher, to ensure the performance and
reliability of electronic components.
Market Scope
|
Report Attributes |
Description |
|
Market Size in 2024 |
USD 4,257.47 Million |
|
Market Forecast in 2034 |
USD 8,624.75 Million |
|
CAGR % 2024-2034 |
8.2% |
|
Base Year |
2023 |
|
Historic Data |
2016-2022 |
|
Forecast Period |
2024-2034 |
|
Report USP
|
Production, Consumption, company share, company
heatmap, company production capacity, growth factors and more |
|
Segments Covered |
By Product Type, By Form By Application, By Distribution Channel and
By Region |
|
Regional Scope |
North America, Europe, APAC, South America and
Middle East and Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic
Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia;
Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa;
Nigeria |
Electronic Wet Chemicals Industry: Dynamics & Restrains
Market opportunity:
We Market Research: Electronic Wet Chemicals Dashboard
Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.
Electronic Wet Chemicals Segmentation
Market- By Product Type Analysis
By Product Type, the Electronic Wet Chemicals market is categories into Acetic Acid, Isopropyl Alcohol (IPA), Hydrogen Peroxide, Hydrochloric Acid, Ammonium Hydroxide, Hydrofluoric Acid, Nitric Acid, Phosphoric Acid, Sulfuric Acid, and Others. The Acetic Acid segment currently dominates the Electronic Wet Chemicals market share, accounting for around 28% as of 2024. Acetic acid is commonly used as a solvent in various electronic wet chemical processes, such as cleaning and etching. Its usage is prevalent in PCB manufacturing and semiconductor fabrication. The market share for acetic acid in electronic wet chemicals can be significant, driven by its versatility and cost-effectiveness.
The
following segments are part of an in-depth analysis of the global Electronic
Wet Chemicals market:
|
Market Segments |
|
|
By Product Type |
·
Acetic Acid ·
Isopropyl Alcohol (IPA) ·
Hydrogen Peroxide ·
Hydrochloric Acid ·
Ammonium Hydroxide ·
Hydrofluoric Acid ·
Nitric Acid ·
Phosphoric Acid ·
Sulfuric Acid ·
Others |
|
By Application |
·
Integrated Circuits (ICs) ·
Printed Circuit Boards (PCBs) ·
Flat Panel Displays (FPDs) ·
Photovoltaic Cells ·
others |
|
By Form |
·
Liquid ·
Solid ·
Gas |
|
By Distribution Channel |
·
Direct Sales ·
Distributors ·
Online Sales ·
Others |
Electronic Wet Chemicals Industry: Regional Analysis
Asia Pacific Market Forecast
Asia Pacific is one of the largest and fastest-growing markets for electronic wet chemicals. Countries like China, Japan, South Korea, and Taiwan are major manufacturing hubs for electronics, semiconductors, and PCBs. The region's booming electronics industry, favorable government policies, and cost-effective manufacturing processes contribute to its significant market share in electronic wet chemicals.
Europe Market Statistics
Europe also
holds a notable share in the global electronic wet chemicals market. Countries
like Germany, France, and the United Kingdom are key contributors to the
region's market share. The presence of leading semiconductor companies,
stringent quality standards, and emphasis on environmental sustainability drive
the demand for electronic wet chemicals in Europe.
North America Market Forecasts
North America,
particularly the United States, is a significant player in the electronic wet
chemicals market. The region is home to several prominent electronic
manufacturing companies, semiconductor fabs, and PCB manufacturers. Factors
such as technological innovation, high demand for consumer electronics, and robust
R&D activities contribute to the region's substantial market share in
electronic wet chemicals.
Middle East & Africa Market Statistics
MEA region has a
smaller market share compared to other regions in the electronic wet chemicals
market. However, countries like Israel, Saudi Arabia, and the UAE are investing
in semiconductor manufacturing and technology development, which may drive the
demand for electronic wet chemicals in the region. Additionally, the growth of
electronics manufacturing in Africa presents opportunities for market expansion
in the future.
Key Market Players
The Electronic Wet ChemicalsMarket is dominated by a few large companies, such as
·
BASF SE
·
Honeywell International Inc.
·
Ashland Global Holdings Inc.
·
Cabot Microelectronics Corporation
·
Avantor Inc.
·
Linde plc
·
Air Products and Chemicals, Inc.
·
Fujifilm Holdings Corporation
·
Solvay SA
·
Tokyo Ohka Kogyo Co., Ltd. (TOK)
·
KMG Chemicals, Inc.
·
The Dow Chemical Company
·
Eastman Chemical Company
·
Merck KGaA
·
Mitsubishi Chemical Corporation
·
Other
1.
Global
Electronic Wet Chemicals Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Global Electronic Wet Chemicals
Market Scope and Market Estimation
1.2.1. Global Electronic Wet Chemicals Overall
Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2024 - 2034)
1.2.2. Global Electronic Wet Chemicals
Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2034
1.3. Market Segmentation
1.3.1. Product Type of Global Electronic
Wet Chemicals Market
1.3.2. Application of Global Electronic
Wet Chemicals Market
1.3.3. Form of Global Electronic Wet
Chemicals Market
1.3.4. Distribution Channel of Global Electronic
Wet Chemicals Market
1.3.5. Region of Global Electronic Wet
Chemicals Market
2.
Executive Summary
2.1. Global Electronic Wet Chemicals Market Industry Trends under COVID-19
Outbreak
2.1.1. Global COVID-19 Status Overview
2.1.2. Influence of COVID-19 Outbreak
on Global Electronic Wet Chemicals Market
Industry Development
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Limitations
2.2.3. Opportunities
2.2.4. Impact Analysis of Drivers and
Restraints
2.3. Pricing Trends Analysis &
Average Selling Prices (ASPs)
2.4. Key Mergers & Acquisitions,
Expansions, JVs, Funding / VCs, etc.
2.5. Porter’s Five Forces Analysis
2.5.1. Bargaining Power of Suppliers
2.5.2. Bargaining Power of Buyers
2.5.3. Threat of Substitutes
2.5.4. Threat of New Entrants
2.5.5. Competitive Rivalry
2.6. Value Chain / Ecosystem Analysis
2.7. Russia-Ukraine War Impacts
Analysis
2.8. Economic Downturn Analysis
2.9. Market Investment Opportunity
Analysis (Top Investment Pockets), By Segments & By Region
3.
Global Electronic Wet Chemicals
Market Estimates & Historical Trend
Analysis (2019 - 2023)
4.
Global Electronic Wet Chemicals
Market Estimates & Forecast Trend
Analysis, by Product Type
4.1. Global Electronic Wet Chemicals
Market Revenue (US$ Mn) Estimates and Forecasts, by Product Type, 2019 - 2034
4.1.1. Acetic Acid
4.1.2. Isopropyl Alcohol (IPA)
4.1.3. Hydrogen Peroxide
4.1.4. Hydrochloric Acid
4.1.5. Ammonium Hydroxide
4.1.6. Hydrofluoric Acid
4.1.7. Nitric Acid
4.1.8. Phosphoric Acid
4.1.9. Sulfuric Acid
4.1.10. Others
5.
Global Electronic Wet Chemicals
Market Estimates & Forecast Trend
Analysis, by Application
5.1. Global Electronic Wet Chemicals
Market Revenue (US$ Mn) Estimates and Forecasts, by Application, 2019 - 2034
5.1.1. Integrated Circuits (ICs)
5.1.2. Printed Circuit Boards (PCBs)
5.1.3. Flat Panel Displays (FPDs)
5.1.4. Photovoltaic Cells
5.1.5. others
6.
Global Electronic Wet Chemicals
Market Estimates & Forecast Trend
Analysis, by Form
6.1. Global Electronic Wet Chemicals
Market Revenue (US$ Mn) Estimates and Forecasts, by Form, 2019 - 2034
6.1.1. Solid
6.1.2. Liquid
6.1.3. Gas
7.
Global Electronic Wet Chemicals
Market Estimates & Forecast Trend
Analysis, by Distribution Channel
7.1. Global Electronic Wet Chemicals
Market Revenue (US$ Mn) Estimates and Forecasts, by Distribution Channel, 2019
- 2034
7.1.1. Direct Sales
7.1.2. Distributors
7.1.3. Online Sales
7.1.4. Others
8.
Global Electronic Wet Chemicals
Market Estimates & Forecast Trend
Analysis, by Region
8.1. Global Electronic Wet Chemicals
Market Revenue (US$ Mn) Estimates and Forecasts, by Region, 2019 - 2034
8.1.1. North America
8.1.2. Europe
8.1.3. Asia Pacific
8.1.4. Middle East & Africa
8.1.5. South America
9.
North
America Electronic Wet Chemicals Market: Estimates & Forecast Trend Analysis
9.1.
North
America Electronic Wet Chemicals Market Assessments & Key Findings
9.1.1. North America Electronic Wet
Chemicals Market Introduction
9.1.2. North America Electronic Wet
Chemicals Market Size Estimates and Forecast (US$ Million) (2019 - 2034)
9.1.2.1. By Product Type
9.1.2.2. By Application
9.1.2.3. By Form
9.1.2.4. By Distribution
Channel
9.1.2.5. By Country
9.1.2.5.1. The U.S.
9.1.2.5.2. Canada
9.1.2.5.3. Mexico
10. Europe Electronic
Wet Chemicals Market: Estimates &
Forecast Trend Analysis
10.1. Europe Electronic Wet Chemicals
Market Assessments & Key Findings
10.1.1. Europe Electronic Wet Chemicals
Market Introduction
10.1.2. Europe Electronic Wet Chemicals
Market Size Estimates and Forecast (US$ Million) (2019 - 2034)
10.1.2.1. By Product Type
10.1.2.2. By Application
10.1.2.3. By Form
10.1.2.4. By Distribution
Channel
10.1.2.5. By Country
10.1.2.5.1. Germany
10.1.2.5.2. U.K.
10.1.2.5.3. France
10.1.2.5.4. Italy
10.1.2.5.5. Spain
10.1.2.5.6. Russia
10.1.2.5.7. Rest of Europe
11. Asia Pacific Electronic
Wet Chemicals Market: Estimates &
Forecast Trend Analysis
11.1. Asia Pacific Market Assessments
& Key Findings
11.1.1. Asia Pacific Electronic Wet
Chemicals Market Introduction
11.1.2. Asia Pacific Electronic Wet
Chemicals Market Size Estimates and Forecast (US$ Million) (2019 - 2034)
11.1.2.1. By Product Type
11.1.2.2. By Application
11.1.2.3. By Form
11.1.2.4. By Distribution
Channel
11.1.2.5. By Country
11.1.2.5.1. China
11.1.2.5.2. Japan
11.1.2.5.3. India
11.1.2.5.4. Australia
11.1.2.5.5. South Korea
11.1.2.5.6. ASEAN
11.1.2.5.7. Rest of Asia Pacific
12. Middle East & Africa Electronic
Wet Chemicals Market: Estimates &
Forecast Trend Analysis
12.1. Middle East & Africa Market
Assessments & Key Findings
12.1.1. Middle
East & Africa Electronic
Wet Chemicals Market Introduction
12.1.2. Middle
East & Africa Electronic
Wet Chemicals Market Size Estimates and Forecast (US$ Million) (2019 - 2034)
12.1.2.1. By Product Type
12.1.2.2. By Application
12.1.2.3. By Form
12.1.2.4. By Distribution
Channel
12.1.2.5. By Country
12.1.2.5.1. U.A.E.
12.1.2.5.2. Saudi Arabia
12.1.2.5.3. Egypt
12.1.2.5.4. South Africa
12.1.2.5.5. Rest of Middle East & Africa
13. South America
Electronic Wet Chemicals Market:
Estimates & Forecast Trend Analysis
13.1. South America Market Assessments
& Key Findings
13.1.1. South America Electronic Wet
Chemicals Market Introduction
13.1.2. South America Electronic Wet
Chemicals Market Size Estimates and Forecast (US$ Million) (2019 - 2034)
13.1.2.1. By Product Type
13.1.2.2. By Application
13.1.2.3. By Form
13.1.2.4. By Distribution
Channel
13.1.2.5. By Country
13.1.2.5.1. Brazil
13.1.2.5.2. Argentina
13.1.2.5.3. Colombia
13.1.2.5.4. Rest of South America
14. Competition Landscape
14.1. Global Electronic Wet Chemicals
Market Competition Matrix & Benchmarking, by Leading Players / Innovators /
Emerging Players / New Entrants
14.2. Global Electronic Wet Chemicals
Market Competition White Space Analysis, By End-user
14.3. Global Electronic Wet Chemicals
Market Competition Heat Map Analysis, By End-user
14.4. Global Electronic Wet Chemicals
Market Concentration & Company Market Shares (%) Analysis, 2023
15. Company Profiles
15.1. BASF SE
15.1.1. Company Overview & Key Stats
15.1.2. Financial Performance & KPIs
15.1.3. Product Portfolio
15.1.4. Business Strategy & Recent
Developments
* Similar details would be provided
for all the players mentioned below
15.2. Honeywell
International Inc.
15.3. Ashland Global
Holdings Inc.
15.4. Cabot
Microelectronics Corporation
15.5. Avantor Inc.
15.6. Linde plc
15.7. Air Products
and Chemicals, Inc.
15.8. Fujifilm
Holdings Corporation
15.9. Solvay SA
15.10. Tokyo Ohka
Kogyo Co., Ltd. (TOK)
15.11. KMG Chemicals,
Inc.
15.12. The Dow
Chemical Company
15.13. Eastman
Chemical Company
15.14. Merck KGaA
15.15. Mitsubishi
Chemical Corporation
15.16. Others
16. Research
Methodology
16.1. External Transportations /
Databases
16.2. Internal Proprietary Database
16.3. Primary Research
16.4. Secondary Research
16.5. Assumptions
16.6. Limitations
16.7. Report FAQs
17. Research
Findings & Conclusion
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Frequently Asked Questions
What is the market size of Electronic Wet Chemicals Market in 2024?
Electronic Wet Chemicals Market was valued at USD 4,257.47 Million in 2024.
What is the growth rate for the Electronic Wet Chemicals Market?
Electronic Wet Chemicals Market size will increase at approximate CAGR of 8.2% during the forecasted period.
Which are the top companies operating within the market?
Major companies operating within the Electronic Wet Chemicals Market are BASF SE, Honeywell International Inc., Ashland Global Holdings Inc., Cabot Microelectronics Corporation, Avantor Inc., Linde plc, Air Products and Chemicals, Inc., Fujifilm Holdings Corporation, Solvay SA and others.
Which region dominates the Electronic Wet Chemicals Market?
Asia Pacific dominates the market with an active share of 45%.
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