Electronic Wet Chemicals Market Size Worth $8.80 Billion By 2032 | CAGR: 8.1%

The global electronic wet chemicals market size is expected to reach USD 8.80 billion by 2032, according to a new study by Polaris Market Research. The report “Electronic Wet Chemicals Market Share, Size, Trends, Industry Analysis Report, By Form (Liquid, Solid, Gas); By Type; By Application; By End-Use; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Wet electronic chemicals are essential to the handling and manufacturing of semiconductors. These substances are widely used in many diverse applications, including the production of semiconductor chips, photovoltaic cells, LEDs, and flat panel displays. There is a large selection of electronic wet chemicals available in the market.

These include electronic wet chemicals with phosphoric and hydrofluoric corrosive grades, as well as electronic grades of hydrogen peroxide and hydrogen peroxide. One of the most common electronic wet chemicals used in the semiconductor industry is hydrogen peroxide. Chemicals utilized in industries, labs, and research that are liquid are referred to as wet chemicals. These are industrial chemicals, including ammonium hydroxide, hydrogen peroxide, nitric acid, and sulfuric acid, among many more. These substances are employed in cleaning and etching procedures. Hydrogen peroxide can be used to maintain a clean atmosphere throughout the chip fabrication process. Sulfuric acid is also used in the manufacture and wet stripping of semiconductors.

The demand for semiconductors, which are used in electronic components, is rising due to the growing use of integrated circuits, chips, and microchips in electronics and other electrical appliances. This is further propelling the wet chemicals industry. The usage of peroxides, hydroxides, and acids for substrate surface etching and cleaning is also increasing the demand. The semiconductor industry's most sought-after wet chemical is hydrogen peroxide, which is used for long-term tasks, including etching and cleaning integrated circuits.

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The electronic chemicals market has grown rapidly due to the increasing usage of semiconductors in the production of computers, tablets, smartphones, and other electronic appliances, as well as in the aerospace, defense, and automotive industries. The usage of electronic chemicals in the fabrication of integrated circuits and chips has further fueled the market for electronic chemicals. These results in increasing growth of the market share during the forecast period.

Electronic Wet Chemicals Market Report Highlights

• In 2023, The Hydrochloric acid segment held the largest revenue share. The growing usage of electronic devices and electric cars has dominated the rise of the acid section, which includes hydrochloric acid, which now holds the greatest sales share.   Sulfuric and hydrochloric acids are powerful acids that are necessary for cleaning and etching silicon wafers in semiconductor fabrication operations. Acid demand is largely being driven by the continued growth of the semiconductor industry.
• The consumer goods segment expected to witness the fastest CAGR during the forecast period, due to its use in automotive industry, wet chemicals are utilized for battery production, paint and coating processes, and surface treatment.
• In 2023, North America accounted for the largest market due to the high the significant market for electronic wet chemicals due to the abundance of semiconductor fabrication facilities, assembly lines, and research and development centers.
• The Asia-Pacific region expected to witness the fastest CAGR in the electronic wet chemicals market due to consumer goods like, electronic devices, electric vehicles and others expected to dominate the market during the forecast period.

• The global key market players include Covestro, Air Liquid, BASF AG, Linde plc, Shin-Etsu, Songwon, Cabot Microelectronics, Solvay A.G., Hitachi Chemical, T.N.C. Industrial Co., Honeywell International Inc, Mitsubishi Chemical Corporation.

Polaris Market Research has segmented the Electronic Wet Chemicals Market report based on form, type, application, end-use, and region:

Electronic Wet Chemicals, Form Outlook (Revenue - USD Billion, 2019 - 2032)

• Liquid
• Solid
• Gas

Electronic Wet Chemicals, Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Isopropyl Alcohol
• Hydrogen Peroxide
• Ammonium Hydroxide
• Hydrofluoric Acid
• Nitric Acid
• Sulfuric Acid
• Hydrochloric Acid
• Acetic Acid
• Phosphoric Acid
• Others

Electronic Wet Chemicals, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Semiconductor
• Etching
• Cleaning
  • Ic Packaging
  • PCB
  • Others

Electronic Wet Chemicals, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)

• Consumer Goods
• Automotive
• Aerospace & Defense
• Medical
• Others

Electronic Wet Chemicals, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Electronic Wet Chemicals Market Report Scope