Global Electronics Wet Chemicals Market

Electronics Wet Chemicals Market Insights

The chemicals in the electronic industry are used to manufacture electronic components and products, silicon wafers, packaging & printed circuit boards, and in producing flat panel display products among others. The increasing FDI investment in the electronics sector; the growing demand for high purity chemicals from the semi-conductor industry; and the rapid expansion of the consumer goods industry and electronics industry in the Asia Pacific region are also boosting the product demand. Also, the growing adoption of hydrogen peroxide in the electronics sectors & growing technological trends in IT infrastructure is propelling the market growth.

Electronics Wet Chemicals Market: By Form

Based on the form, the market is divided into solid, liquid, and gas. The liquid form segment will grow rapidly in this market. This is attributed due to the sulphuric acid, ammonium hydroxide, and nitric acid is used in various stages of semiconductor processing. These chemicals do not deteriorate the component and also can be purchased at a lower cost, making liquid from the fastest-growing segment.

Electronics Wet Chemicals Market: By Grade

Based on the grade, the market is divided into hydrofluoric acid electronic grade, hydrogen peroxide electronic grade, and phosphoric acid electronic grade. The hydrofluoric acid electronic grade segment will be the fastest-growing segment in this market as compared to the phosphoric acid electronic grade. It is an ideal buffer in the wafer cleaning processes and also is in high demand in the industry across many regions.

Electronics Wet Chemicals Market: By Application

Based on the application, the market is divided into the semiconductor, integrated circuits, PCB manufacturing, others.  The semiconductor segment will record a high CAGR during the forecast period as compared to other application segments. Semi-conductor wet chemicals have applications in the process of the wafer cleaning and wet etchants for silicon cleaning. The most highly used wet etchants for silicon cleaning are potassium hydroxide and tetramethylammonium hydroxide and their usage also contributes to the high segment growth.

Electronics Wet Chemicals Market: By Region

The Asia-pacific region will yield revenue with the maximum growth rate in the global market. The government’s tax incentive structure for semi-conductor manufacturing and incentives for setting up of units will drive the market growth in this region. The European region will lead the market growth owing to factors such as the diversified range of products, sophisticated research & development centers, and increased engagement in microelectromechanical systems.

Electronics Wet Chemicals Market Share and Competitive Analysis

Some of the key players operating in the market include Technic Inc, Indium Corporation, GFS Chemicals, Inc, Applied Materials Solutions, Twin Specialties, TMC Industries, Inc., GJ Chemical, Force Industries, Inc., Esstech Inc, A Brite Company, Creative Chemicals, Inc, Tristar, Solvay, and Hitachi Chemical Co among others.

Please note: This is not an exhaustive list of companies profiled in the report.