PUBLISHER: The Business Research Company | PRODUCT CODE: 1802873
PUBLISHER: The Business Research Company | PRODUCT CODE: 1802873
Semiconductor chemicals are specialized substances used in the production of semiconductor devices, crucial for processes such as photolithography, etching, and deposition. These chemicals include photoresists, etchants, and dopants, which are essential for creating detailed patterns and modifying electrical properties on semiconductor wafers. Their precise formulation and application are vital for the performance and reliability of semiconductor components.
The primary types of semiconductor chemicals are acids and bases, adhesives, solvents, and high-performance polymers. Acid and base chemicals are substances that either donate protons (acids) or accept protons (bases) in chemical reactions, affecting the pH levels of solutions. These chemicals are used for various purposes, including cleaning, etching, photoresist application, and deposition, and they cater to different end-users, such as discrete semiconductors and integrated circuits.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The sharp escalation of U.S. tariffs and resulting trade tensions in spring 2025 are significantly affecting the electrical and electronics sector. Key components such as semiconductors, display panels, and rare-earth metals crucial for batteries and motors are now facing heavy duties. Consumer electronics companies are seeing profit margins shrink, as fierce competition makes it difficult to pass on rising costs to consumers. At the same time, industrial electronics firms are experiencing project delays due to shortages of tariff-impacted parts like printed circuit boards. In response, businesses are shifting assembly operations to tariff-exempt nations, building up inventory reserves, and redesigning products to reduce reliance on restricted materials.
The semiconductor chemicals market research report is one of a series of new reports from The Business Research Company that provides semiconductor chemicals market statistics, including semiconductor chemicals industry global market size, regional shares, competitors with a semiconductor chemicals market share, detailed semiconductor chemicals market segments, market trends and opportunities, and any further data you may need to thrive in the semiconductor chemicals industry. This semiconductor chemicals market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The semiconductor chemical market size has grown rapidly in recent years. It will grow from $11.95 billion in 2024 to $13.27 billion in 2025 at a compound annual growth rate (CAGR) of 11.1%. The growth in the historic period can be attributed to growing adoption of cloud computing, expansion of renewable energy technologies, increased use of semiconductors in healthcare, rising demand for wearable devices, expansion of industrial automation.
The semiconductor chemical market size is expected to see rapid growth in the next few years. It will grow to $20.82 billion in 2029 at a compound annual growth rate (CAGR) of 11.9%. The growth in the forecast period can be attributed to increasing demand for consumer electronics, rise of IoT, growth in automotive electronics, expansion of data centers, deployment of 5G networks. Major trends in the forecast period include advancements in semiconductor technology, proliferation of AI and machine learning, miniaturization of electronic devices, development of quantum computers, advancements in display technology.
The forecast of 11.9% growth over the next five years reflects a modest reduction of 0.5% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through supply chain disruptions for ultra-pure etching gases and photoresist developers, mainly imported from Belgium and South Korea, threatening semiconductor manufacturing continuity. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.
The increasing adoption of electric vehicles (EVs) is expected to drive the growth of the semiconductor chemical market. Electric vehicles use electric motors powered by rechargeable batteries rather than internal combustion engines running on gasoline or diesel. The rise in electric vehicle usage is attributed to their environmental benefits, reduced operating costs, advancements in battery technology, and growing government incentives aimed at lowering greenhouse gas emissions. Semiconductor chemicals are essential for electric vehicles as they are used to produce and enhance the performance of crucial electronic components, such as power management systems, battery controllers, and advanced driver-assistance systems (ADAS). For example, a report from the International Energy Agency, a France-based intergovernmental organization, revealed in April 2023 that over 10 million electric cars were sold globally in 2023, with sales expected to increase by 35% this year to 14 million. By 2030, electric vehicles are anticipated to represent about 60% of total sales in China, the EU, and the United States. Thus, the rise in electric vehicle use is propelling the semiconductor chemical market forward.
Leading companies in the semiconductor chemicals market are forming strategic partnerships to ensure robust chemical supply chains for global chipmakers. These partnerships involve leveraging each other's strengths and resources to achieve mutual benefits. For instance, in July 2022, Lam Research Corp., a US-based semiconductor company, and Entegris Inc., a US manufacturer and supplier of semiconductor materials, teamed up with Gelest Inc., a US chemical company. This collaboration aims to provide semiconductor manufacturers worldwide with reliable access to precursor chemicals needed for Lam's advanced dry photoresist technology used in extreme ultraviolet (EUV) lithography, essential for producing next-generation semiconductors. By working together on R&D for EUV dry resist technology, the partners will advance future generations of logic and DRAM products, supporting applications such as machine learning, artificial intelligence, and mobile devices. This long-term partnership will improve the supply chain for process chemicals, integrate EUV dry resist technology into high-volume manufacturing, and expand the ecosystem for dry resist technology, ensuring a reliable supply and delivery across global markets.
In January 2023, Merck, a Germany-based science and technology company, acquired Mecaro Chemicals Inc. for an undisclosed amount. This acquisition will enhance Merck's Semiconductor Solutions portfolio and provide it with approximately 100 new employees and state-of-the-art production and R&D facilities in Korea. Mecaro Chemicals Inc. is a South Korea-based manufacturer of semiconductor chemicals.
Major companies operating in the semiconductor chemical market are SK Inc., BASF SE, Dow Chemical Co., Honeywell International Inc., Merck KGaA, Sumitomo Chemical Co. Ltd., Fujifilm Holdings Corporation, Parker Hannifin Corp., Solvay SA, Air Products and Chemicals Inc., DuPont de Nemours Inc., Kao Corporation, Eastman Chemical Company, Avantor Inc., Cabot Corporation, Linde Plc, Mitsubishi Chemical Corporation, Oci Company Ltd., JSR Corporation, Tokuyama Corporation, Nippon Kayaku Co. Ltd., Tokyo Ohka Kogyo Co. Ltd., Kanto PPC, Foosung Co. Ltd., Ami Organics Ltd
Asia-Pacific was the largest region in the semiconductor chemical market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the semiconductor chemical market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the semiconductor chemical market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The semiconductor chemicals market consists of sales of dielectric materials, bonding materials, dopants and related products. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Semiconductor Chemical Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on semiconductor chemical market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for semiconductor chemical ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The semiconductor chemical market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.