Electronic Wet Chemicals Market Forecasts to 2028 – Global Analysis By Type (Isopropyl Alcohol (IPA) (C3H8O), Hydrogen Peroxide (H2), Ammonium Hydroxide (NH4OH), and Others), Form (Solid, Liquid and Gas), Application, End User and By Geography

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,150	175 Pages	Stratistics Market Research Consulting	June, 2023	SMR18014548

Best Price Guarantee
Price	from $4,150
Length	175 Pages
Publisher	Stratistics Market Research Consulting
Published Date	June, 2023
SKU	SMR18014548

Electronic Wet Chemicals Market Forecasts to 2028 – Global Analysis By Type (Isopropyl Alcohol (IPA) (C3H8O), Hydrogen Peroxide (H2), Ammonium Hydroxide (NH4OH), and Others), Form (Solid, Liquid and Gas), Application, End User and By Geography

According to Stratistics MRC, the Global Electronic Wet Chemicals Market is accounted for $3.67 billion in 2022 and is expected to reach $5.06 billion by 2028 growing at a CAGR of 5.5% during the forecast period. Semiconductor production and processing heavily rely on electronic wet chemicals. These substances are widely employed in a variety of industries, including the production of semiconductor chips, flat-panel displays, LEDs, and solar cells. The semiconductor industry's rising need for hydrogen peroxide has had a significant impact on the expansion of the market for electronic wet chemicals. In keeping with this, the electronics industry's fast technical improvements are also playing an important role in electronic wet chemicals.

According to the India Electronics and Semiconductor Association, the semiconductor component market in the country is expected to be worth USD 32.35 billion by 2025.

Market Dynamics

Driver

Innovations in technology with regard to the electronics sector

Electronic wet chemicals are becoming more widely used in the semiconductor and electronics sectors. In fields including new energy, contemporary communications, computers, information network technology, microcomputer mechanical intelligence systems, industrial automation, and household appliances, their utilisation is on the rise. Additionally, the predicted period will see a surge in the market for electronic wet chemicals due to the fabrication of electrical components using semiconductors and integrated circuits. Therefore, it is anticipated that the main driver propelling the electronic wet chemicals market.

Restraint

Restrictions on specific substances strict in terms of health and the environment

Numerous chemicals are used in the fabrication of electronics by the industry. Some chemicals and gases, such as hydrogen chloride gas, combustible gases, and different kinds of solvents, are hazardous to both humans and the environment. In addition to causing cancer, prolonged and excessive exposure to certain solvents may harm the liver, kidneys, lungs, and reproductive organs. Due to the usage of dangerous chemicals in the production of electronic devices, businesses now have to comply with a number of rules and regulations that might either directly or indirectly affect their capacity to make a profit. The cost of operation has increased as a result of compliance with these requirements. The supply chain's restrictions build up, and there are significant costs associated with them thereby hinder the market.

Opportunity

IT infrastructure improvements with emerging technologies like AI and IoT

For makers of electronic chemicals, the application of AI-related technologies has created a wide range of options. A new product subcategory of intelligent home gadgets has been produced as a result of the introduction of new technologies like IoT (Internet of Things) and AI. The market for electronic wet chemicals now has a new revenue application thanks to the growing demand for electric automobiles. High-end LED and LCD television sets are helping the digital display sector raise standards, and they will also need top-notch electronic chemicals for cleaning and etching. The market trend towards the usage of electronic wet chemicals is thus anticipated to be supported by new and emerging technologies.

Threat

Old technologies are being used less and less quickly

Because of the development of cloud-based storage, technologies like memory chips and data centres are deteriorating quickly. Physical data storage is no longer as necessary, which has led to a reduction in memory chip manufacture and a corresponding decline in the demand for electronic wet chemicals. The time it takes to adjust to new technologies might ultimately result in a loss of revenue for the smaller firms. In order to generate the best results, the chemicals employed in the manufacture of semiconductors must be exact and of the highest calibre given the growing popularity of mobile devices and the shrinking size of integrated circuits and semiconductors.

Covid-19 Impact

Manufacturing facilities for these providers may be found in several nations in Asia Pacific, Europe, North America, South America, and the Middle East & Africa. Their companies have been harmed by COVID-19 as well. Due to decrease demand, supply-chain constraints, and to ensure the safety of their employees in the US, France, Germany, Italy, and Spain during the COVID-19 epidemic, these players have announced the halt of production, electronic wet chemicals would decrease. Production will probably be adjusted by manufacturers to avoid bottlenecks and to accommodate tier 1 manufacturer demand.

The consumer goods segment is expected to be the largest during the forecast period

The consumer goods segment is estimated to have a lucrative growth, due to rising disposable income, a shift in lifestyle, and rising usage of technological items like smartphones and laptops. All goods are mostly in demand from consumers, producers of agricultural products or manufacturers of industrial goods both generate a variety of goods in response to consumer demand. During the projected period, these variables are anticipated to enhance demand.

The semiconductor segment is expected to have the highest CAGR during the forecast period

The semiconductor segment is anticipated to witness the highest CAGR growth during the forecast period, due to rising demand for modern electronics and consumer products like smart phones, laptops, and other items, the semiconductor market is expanding quickly. Furthermore, high-end LED and LCD sets are driving up semiconductor demand. Additionally, growing demand from the automotive sector, particularly for electric cars, has created new prospects for producers of electronic wet chemicals.

Region with highest share

Asia Pacific is projected to hold the highest market share during the forecast period owing to the increase in investments in electronics manufacturing, it is anticipated that the market in the region's growing economies, including China, India, would grow at a substantial rate during the projected period. In the near future, the market in Asia Pacific is likely to be driven by growth in FDI investment in the electronic sector in China and India, increased focus on manufacturing in the electronics sector through the 'Make in India' campaign, and increased government efforts.

Region with highest CAGR

Europe is projected to have the highest CAGR over the forecast period, owing to the existence of major producers and suppliers of electronic materials and equipment that support the region's use of electronic chemicals, Europe's electronic chemicals market holds the second-largest market share. Additionally, the UK electronic chemicals market had the quickest rate of growth in the European region, while the German electronic chemicals market had the greatest market share.

Key players in the market

Some of the key players profiled in the Electronic Wet Chemicals Market include Avantor Inc., CMC Materials, KANTO KAGAKU, KMG Chemicals, BASF SE, FUJIFILM Corporation, Honeywell International Inc., Linde PLC, Solvay, Technic Inc., T.N.C Industrial Co. Ltd, Eastman Chemical Company, Covestro, Songwon, Cabot Microelectronics and Hitachi Chemical.

Key Developments

In May 2023, Avantor® and Labguru Collaborate to Drive More Efficient Lab Buying Experience, entered into an agreement with Labguru, a research-to-production platform of choice for leading global pharma, national research institutes and innovative start-ups.

In April 2023, Honeywell Partners with Give Me Trees to Launch Plantation Drive on Earth Day, As a part of the partnership with Give Me Trees Trust, the company will plant 1.6 lakh trees across Pune and Bengaluru.

Types Covered
• Isopropyl Alcohol (IPA) (C3H8O)
• Hydrogen Peroxide (H2)
• Ammonium Hydroxide (NH4OH)
• Phosphoric Acid (H3PO4)
• Nitric Acid (HNO3)
• Hydrofluoric Acid (HF)
• Acetic Acid (CH3OOH)
• Sulfuric Acid (H2SO4)
• Hydrochloric Acid (HCL)
• Other Types

Forms Covered
• Solid
• Liquid
• Gas

Applications Covered
• Semiconductor
• Cleaning
• Etching

End Users Covered
• Automotive
• Aerospace & Defense
• Consumer Goods
• Medical
• Other End User

Regions Covered
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities,Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

1 Executive Summary
2 Preface: 2.1 Abstract; 2.2 Stake Holders; 2.3 Research Scope; 2.4 Research Methodology; 2.4.1 Data Mining; 2.4.2 Data Analysis; 2.4.3 Data Validation; 2.4.4 Research Approach; 2.5 Research Sources; 2.5.1 Primary Research Sources; 2.5.2 Secondary Research Sources; 2.5.3 Assumptions
3 Market Trend Analysis: 3.1 Introduction; 3.2 Drivers; 3.3 Restraints; 3.4 Opportunities; 3.5 Threats; 3.6 Application Analysis; 3.7 End User Analysis; 3.8 Emerging Markets; 3.9 Impact of Covid-19
4 Porters Five Force Analysis: 4.1 Bargaining power of suppliers; 4.2 Bargaining power of buyers; 4.3 Threat of substitutes; 4.4 Threat of new entrants; 4.5 Competitive rivalry
5 Global Electronic Wet Chemicals Market, By Type: 5.1 Introduction; 5.2 Isopropyl Alcohol (IPA) (C3H8O); 5.3 Hydrogen Peroxide (H2); 5.4 Ammonium Hydroxide (NH4OH); 5.5 Phosphoric Acid (H3PO4); 5.6 Nitric Acid (HNO3); 5.7 Hydrofluoric Acid (HF); 5.8 Acetic Acid (CH3OOH); 5.9 Sulfuric Acid (H2SO4); 5.10 Hydrochloric Acid (HCL); 5.11 Other Types
6 Global Electronic Wet Chemicals Market, By Form: 6.1 Introduction; 6.2 Solid; 6.3 Liquid; 6.4 Gas
7 Global Electronic Wet Chemicals Market, By Application: 7.1 Introduction; 7.2 Semiconductor; 7.3 Cleaning; 7.3.1 PCB; 7.3.2 IC Packaging; 7.3.3 Other Cleaning; 7.4 Etching
8 Global Electronic Wet Chemicals Market, By End User: 8.1 Introduction; 8.2 Automotive; 8.3 Aerospace & Defense; 8.4 Consumer Goods; 8.5 Medical; 8.6 Other End User
9 Global Electronic Wet Chemicals Market, By Geography: 9.1 Introduction; 9.2 North America; 9.2.1 US; 9.2.2 Canada; 9.2.3 Mexico; 9.3 Europe; 9.3.1 Germany; 9.3.2 UK; 9.3.3 Italy; 9.3.4 France; 9.3.5 Spain; 9.3.6 Rest of Europe; 9.4 Asia Pacific; 9.4.1 Japan; 9.4.2 China; 9.4.3 India; 9.4.4 Australia; 9.4.5 New Zealand; 9.4.6 South Korea; 9.4.7 Rest of Asia Pacific; 9.5 South America; 9.5.1 Argentina; 9.5.2 Brazil; 9.5.3 Chile; 9.5.4 Rest of South America; 9.6 Middle East & Africa; 9.6.1 Saudi Arabia; 9.6.2 UAE; 9.6.3 Qatar; 9.6.4 South Africa; 9.6.5 Rest of Middle East & Africa
10 Key Developments: 10.1 Agreements, Partnerships, Collaborations and Joint Ventures; 10.2 Acquisitions & Mergers; 10.3 New Product Launch; 10.4 Expansions; 10.5 Other Key Strategies
11 Company Profiling: 11.1 Avantor Inc.; 11.2 CMC Materials; 11.3 KANTO KAGAKU; 11.4 KMG Chemicals; 11.5 BASF SE; 11.6 FUJIFILM Corporation; 11.7 Honeywell International Inc.; 11.8 Linde PLC; 11.9 Solvay; 11.10 Technic Inc.; 11.11 T.N.C. Industrial Co. Ltd; 11.12 Eastman Chemical Company; 11.13 Covestro; 11.14 Songwon; 11.15 Cabot Microelectronics; 11.16 Hitachi Chemical
List of Tables: Table 1 Global Electronic Wet Chemicals Market Outlook, By Region (2020-2028) ($MN); Table 2 Global Electronic Wet Chemicals Market Outlook, By Type (2020-2028) ($MN); Table 3 Global Electronic Wet Chemicals Market Outlook, By Isopropyl Alcohol (IPA) (C3H8O) (2020-2028) ($MN); Table 4 Global Electronic Wet Chemicals Market Outlook, By Hydrogen Peroxide (H2) (2020-2028) ($MN); Table 5 Global Electronic Wet Chemicals Market Outlook, By Ammonium Hydroxide (NH4OH) (2020-2028) ($MN); Table 6 Global Electronic Wet Chemicals Market Outlook, By Phosphoric Acid (H3PO4) (2020-2028) ($MN); Table 7 Global Electronic Wet Chemicals Market Outlook, By Nitric Acid (HNO3) (2020-2028) ($MN); Table 8 Global Electronic Wet Chemicals Market Outlook, By Hydrofluoric Acid (HF) (2020-2028) ($MN); Table 9 Global Electronic Wet Chemicals Market Outlook, By Acetic Acid (CH3OOH) (2020-2028) ($MN); Table 10 Global Electronic Wet Chemicals Market Outlook, By Sulfuric Acid (H2SO4) (2020-2028) ($MN); Table 11 Global Electronic Wet Chemicals Market Outlook, By Hydrochloric Acid (HCL) (2020-2028) ($MN); Table 12 Global Electronic Wet Chemicals Market Outlook, By Other Types (2020-2028) ($MN); Table 13 Global Electronic Wet Chemicals Market Outlook, By Form (2020-2028) ($MN); Table 14 Global Electronic Wet Chemicals Market Outlook, By Solid (2020-2028) ($MN); Table 15 Global Electronic Wet Chemicals Market Outlook, By Liquid (2020-2028) ($MN); Table 16 Global Electronic Wet Chemicals Market Outlook, By Gas (2020-2028) ($MN); Table 17 Global Electronic Wet Chemicals Market Outlook, By Application (2020-2028) ($MN); Table 18 Global Electronic Wet Chemicals Market Outlook, By Semiconductor (2020-2028) ($MN); Table 19 Global Electronic Wet Chemicals Market Outlook, By Cleaning (2020-2028) ($MN); Table 20 Global Electronic Wet Chemicals Market Outlook, By PCB (2020-2028) ($MN); Table 21 Global Electronic Wet Chemicals Market Outlook, By IC Packaging (2020-2028) ($MN); Table 22 Global Electronic Wet Chemicals Market Outlook, By Other Cleaning (2020-2028) ($MN); Table 23 Global Electronic Wet Chemicals Market Outlook, By Etching (2020-2028) ($MN); Table 24 Global Electronic Wet Chemicals Market Outlook, By End User (2020-2028) ($MN); Table 25 Global Electronic Wet Chemicals Market Outlook, By Automotive (2020-2028) ($MN); Table 26 Global Electronic Wet Chemicals Market Outlook, By Aerospace & Defense (2020-2028) ($MN); Table 27 Global Electronic Wet Chemicals Market Outlook, By Consumer Goods (2020-2028) ($MN); Table 28 Global Electronic Wet Chemicals Market Outlook, By Medical (2020-2028) ($MN); Table 29 Global Electronic Wet Chemicals Market Outlook, By Other End User (2020-2028) ($MN); Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.