Global Electronic Grade Solvents for Semiconductor Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Electronic Grade Solvents for Semiconductor Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Electronic grade solvents for semiconductors refer to chemicals used in the semiconductor manufacturing industry and the electronics industry which are generally used for cleaning, stripping, degreasing, handling, and packaging in semiconductor or microprocessor manufacturing. They must have very low levels of impurities, such as water, metals, and particles because even tiny amounts of impurities can affect the performance and reliability of semiconductor devices.

Market Overview:

The latest research study on the global Electronic Grade Solvents for Semiconductor market finds that the global Electronic Grade Solvents for Semiconductor market reached a value of USD 2552.53 million in 2022. It’s expected that the market will achieve USD 3897.74 million by 2028, exhibiting a CAGR of 7.31% during the forecast period.

The continuous advancement of integrated circuit manufacturing processes and the transfer of industrial structure have boosted the demand for electronic-grade solvents for semiconductors.

Electronic grade solvents for semiconductors are various liquid chemical materials used in the wet process of microelectronics and optoelectronics and are widely used in cleaning, photolithography, development, etching, etc. It is one of the indispensable key materials in the production process of semiconductors, display panels, and photovoltaics. Since the second half of 2020, in order to cope with the tight supply and demand of chips, global fabs have expanded their production on a large scale. The rapid development of downstream electronic information industries such as new energy, information communication, and consumer electronics requires that the replacement speed of electronic-grade solvents for semiconductors be continuously accelerated. The improvement of semiconductor manufacturing processes has a greater demand for G5-grade electronic grade solvents for semiconductor, and the rapid expansion of downstream demand, Drives the growth of demand for electronic-grade solvents for semiconductors.

Region Overview:

In 2021, the share of the Electronic Grade Solvents for Semiconductor market in Asia Pacific stood at 70.88%.

Company Overview:

BASF's product portfolio ranges from chemicals, plastics, performance products, and crop protection products to oil and gas. As the world's leading chemical company, BASF combines economic success with environmental protection and social responsibility. BASF has 11 divisions organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions.

Segmentation Overview:

By type, Ultra High Purity Reagents segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Cleaning Solvents segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Electronic Grade Solvents for Semiconductor market covered in Chapter 3:

Stella Chemifa
Fujifilm
Mitsubishi Chemical
OCI Chemical
Solvay
BASF
Chang Chun Group
CMC Materials
Technic
Honeywell
Dow
KANTO CHEMICAL
Ashland
Avantor
ICL Performance Products

In Chapter 4 and Chapter 14.2, on the basis of types, the Electronic Grade Solvents for Semiconductor market from 2018 to 2029 is primarily split into:

Ultra High Purity Reagents
Functional Chemicals

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Electronic Grade Solvents for Semiconductor market from 2018 to 2029 covers:

Cleaning Solvents
Etching Solvents
Deposition Solvents
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)