Electronic Wet Chemical Market Size, Share, Opportunities, And Trends By Type (Phosphoric Acid, Hydrogen Peroxide, Ammonium Hydroxide, Sulfuric Acid, Others), By Application (Cleaning, Etching, Chemical Mechanical Planarization), And By Geography - Forecasts From 2025 To 2030

The global electronic wet chemical market is estimated to grow at a CAGR of 4.56% to reach a market size of US$3,839.488 million in 2030 from US$ 3,072.461 million in 2025. 

Wafer cleaning is a critical process in large-scale wafer manufacturing. The primary objective of wafer cleaning is to remove chemicals and particular impurities without damaging the wafer surface. It is vital to ensure that the wafer surface is not negatively impacted in the cleaning and etching process since the yield of a wafer is inversely related to the defect density from processing done on the wafer. Moreover, global wafer production is influenced by electronic production worldwide.

The increasing adoption of consumer electronics and the wide variety of products available in the market, from smartphones and wearables to home appliances and entertainment systems, has been fueling the increased demand for semiconductors.

As these devices become more sophisticated and integral to everyday life, the need for advanced semiconductor technologies that enable functionality, efficiency, and connectivity continues to grow. The leading segments of this group of semiconductors, specifically ICs and microchips, are driving forces for powering the array of consumer electronics. It will lead the semiconductor market further through the forecast period since producers strive to respond to increased demands from consumers and technology providers.

On top of that, rising household expenditure is a very strong contributing factor in fueling more demand for consumer electronics. With an increase in disposable incomes, especially in developing markets, consumers are spending more on high-tech devices and upgrading the existing ones. This results in a constant increase in electronics sales in the global market. Since consumer electronics demand is increasing, there is a parallel increase in the need for semiconductor wafers, as these form the basic material that goes into making chips and integrated circuits. This growing trend of digitalization and a trend toward more connected, smart, and energy-efficient devices is expected to fuel the growth of semiconductors and wafers, leading to consistent market expansion during the forecast period.

At the same time, commercialization of 5G technology is expected in the forecast period, and it will revolutionize the landscape of telecommunications globally. It promises unparalleled internet speeds, ultra-low latency, and the ability to connect an unprecedented number of devices simultaneously. These will significantly enhance user experiences across industries. To achieve these benefits, countries worldwide are focusing on expanding and upgrading their internet infrastructure, including deploying advanced communication networks, base stations, and fiber-optic cables. Governments and private companies are anticipated to invest significantly in developing and modernizing infrastructure to facilitate the smooth implementation of 5G services. This investment will promote widespread connectivity and enable new applications, including autonomous vehicles, smart cities, and advanced healthcare solutions.

This will gradually influence the production of communication components and devices, given that this is also becoming one of the fast-emerging focuses on high-speed internet services and 5G infrastructure. Increased demand for antennas, transceivers, modems, and other network equipment will drive innovation and large-scale manufacturing to meet consumer as well as industrial requirements. Further, the consumer electronics, IoT (Internet of Things), and telecommunication industries will be on a high growth path since these will introduce compatible devices and systems in the market with 5G technology. The commercialization of 5G will be a booster for technological advancements and the economy. It will provide significant business opportunities to all players operating in the global communication components and devices market.

Geographical outlooks of the Electronic Wet Chemical Market:

There is a growing trend of shifting manufacturing facilities from the developed region to the Asia Pacific, specifically in countries like India, China, Vietnam, and the Philippines, among others. This is due to the ability to offer skilled and relatively inexpensive labor and cheap electricity, thus attracting significant foreign investment. Moreover, the production of electric vehicles is rapidly increasing in China. More than 3 million electric vehicles were on the road globally, 40% of which were in China (source: International Energy Agency). Moreover, the production of renewable energy equipment has also been increasing in the region due to growing investment in installing renewable energy. For instance, Risen Energy has announced its plans to invest US1.58 billion in expanding its solar PV cell and module production operations in China.

Within the semiconductor, the major wafer supplier has been focusing on increasing the supply of 300mm wafers. 200 mm-300 mm is the demanded silicon wafer size currently, with a growing shift from 200mm to 300mm observed in recent years, with the number of 300mm wafer plants projected to expand rapidly during the forecast period. Moreover, according to Sumco, worldwide capacity utilization of 300mm silicon wafers is expected to be around 95% in 2019. Simultaneously, SK Siltron Co. Ltd. announced its plans to expand its wafer production capacity at its Gumi plant. On the other hand, in September 2017, GlobalFoundries launched its first RF SOI solution manufactured in 300mm wafers for its 4G LTE and 5G applications. The company also stated in February 2019 that this technology platform had delivered more than a billion dollars of client design win revenue since its launch, showing the potential for market growth during the coming years. 

The memory industry in the North American region is anticipated to witness cyclical growth during the forecast period due to the low growth of domestic manufacturing within the consumer electronics and communication industry. However, the recent efforts taken by the United States government to revive domestic manufacturing are projected to drive memory products in the country. Simultaneously, the improvement in the business environment and the increasing trend of digitalization in Mexico are further augmented to push the demand for these products. 

Key developments in the Electronic Wet Chemical Market:

The electronic wet chemical market has grown tremendously due to the growing demand for electronic and semiconductor production in various parts of the world.

According to a press release dated May 2022, Solvay introduced a new Renewable Materials and Biotechnology platform, focusing on producing innovative and sustainable solutions for various sectors using renewable feedstocks and biotechnology. By expanding the percentage of renewable carbon in Solvay's product portfolio and establishing new business prospects allowed by biotechnology, the new platform will bring together numerous Solvay companies to assist in fulfilling the growing demand for sustainable solutions. Solvay's three established growth platforms are Battery Materials, Green Hydrogen, and Thermoplastic Composites.

Electronic Wet Chemical Market Scope:

Report Metric	Details
Electronic Wet Chemical Market Size in 2025	US$3,072.461 million
Electronic Wet Chemical Market Size in 2030	US$3,839.488 million
Growth Rate	CAGR of 4.56%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Million
Segmentation	Type Application Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in Electronic Wet Chemical Market	Solvay BASF SE Kanto Chemical Co., Inc. Honeywell International, Inc. Linde Plc
Customization Scope	Free report customization with purchase

 

The Electronic Wet Chemical Market is analyzed into the following segments:

• By Type
  • Phosphoric Acid
  • Hydrogen Peroxide
  • Ammonium Hydroxide
  • Sulfuric Acid
  • Others
• By Application
  • Cleaning
  • Etching
  • Chemical Mechanical Planarization
• By Geography
  • North America
    • US
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others

---

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key Benefits for the Stakeholders

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Process

2.3. Data Validation

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Supplier

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. ELECTRONIC WET CHEMICAL MARKET BY TYPE

5.1. Introduction

5.2. Phosphoric Acid

5.3. Hydrogen Peroxide

5.4. Ammonium Hydroxide

5.5. Sulfuric Acid

5.6. Others

6. ELECTRONIC WET CHEMICAL MARKET BY APPLICATION

6.1. Introduction

6.2. Cleaning

6.3. Etching

6.4. Chemical Mechanical Planarization

7. ELECTRONIC WET CHEMICAL MARKET BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. United States  

7.2.2. Canada  

7.2.3. Mexico

7.3. South America

7.3.1. Brazil

7.3.2. Argentina

7.3.3. Others

7.4. Europe

7.4.1. Germany

7.4.2. UK

7.4.3. France

7.4.4. Italy

7.4.5. Others

7.5. Asia Pacific

7.5.1. Japan  

7.5.2. China

7.5.3. India 

7.5.4. South Korea

7.5.5. Taiwan

7.5.6. Thailand

7.5.7. Indonesia 

7.5.8. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES 

9.1. Solvay

9.2. BASF SE

9.3. Kanto Chemical Co., Inc.

9.4. Honeywell International, Inc.

9.5. Linde Plc

9.6. Fujifilm Holding Inc.

9.7. Eastman Chemical Company

9.8. Technic, Inc.

9.9. Mitsubishi Chemicals Holdings Corporation

Solvay

BASF SE

Kanto Chemical Co., Inc.

Honeywell International, Inc.

Linde Plc

Fujifilm Holding Inc.

Eastman Chemical Company

Technic, Inc.

Mitsubishi Chemicals Holdings Corporation