Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Electronic Wet Chemicals Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
How Will the Electronic Wet Chemicals Market Grow Between 2024 and 2025?
The market size of the Electronic Wet Chemicals industry has seen significant growth in the past years. The market, initially sized at $4.16 billion in 2024, is expected to increase to $4.37 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 5.2%.
How Much Will the Electronic Wet Chemicals Market Be Worth in 2029?
The market size for electronic wet chemicals is projected to reach $5.65 billion in 2029, with a compound annual growth rate (CAGR) of 6.6%.
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Which Electronic Wet Chemicals Market Drivers Are Linked to Revenue Growth?
The key Drivers in the electronic wet chemicals market are:
• Rising demand for electric vehicles
• Use of electronic wet chemicals in EV manufacturing
• Application in the wet process of battery production
• Utilization for cleaning and recycling of semiconductors and e-waste
Which Segments Are Expected to Grow in the Electronic Wet Chemicals Market?
The electronic wet chemicalsmarket covered in this report is segmented –
1) By Type: Acetic Acid (CH3OOH), Isopropyl Alcohol (IPA) (C3H8O), Hydrogen Peroxide (H2), Hydrochloric Acid (HCL), Ammonium Hydroxide (NH4OH), Hydrofluoric Acid (HF), Nitric Acid (HNO3), Phosphoric Acid (H3PO4), Sulfuric Acid (H2SO4)
2) By Form: Liquid, Solid, Gas
3) By Application: Semiconductor, Etching, Cleaning
4) By End-Use Industry: Consumer Goods, Automotive, Aerospace and Defense, Medical
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What Are The Key Trends Impacting Growth In The Global Electronic Wet Chemicals Market?
The key trends in the electronic wet chemicals market are:
• Major companies in the electronic wet chemicals market are focusing on innovative solutions to meet purity and performance requirements in advanced semiconductor manufacturing.
• There is an increasing use of ultrapure chemicals, like phosphoric acid, in semiconductor production.
• Local production and supply of high-purity chemicals by companies are becoming more prevalent to cater to the domestic semiconductor manufacturers.
• Companies are planning to increase their production capacity to cater to the growing demand from the semiconductor industry.
Who Are the Key Competitors in the Global Electronic Wet Chemicals Market?
The key players in the electronic wet chemicals market are:
• Avantor Inc.
• BASF SE
• Cabot Microelectronics Corporation
• Honeywell International Inc.
• Kanto Chemical Co. Inc.
• Eastman Chemical Company
• Solvay S.A.
• Fujifilm Holdings Corporation
• Technic Inc.
• Linde PLC
• Air Products and Chemicals Inc.
• Mitsubishi Chemical Corporation
• Daikin Electronic Devices Sdn. Bhd.
• T.N.C. Industrial Co. Ltd.
• Entegris Inc.
• Dow Inc.
• Sumitomo Chemical Co. Ltd.
• Songwon Industrial Co. Ltd.
• Merck KGaA
• Shin-Etsu Chemical Co. Ltd.
• JSR Corporation
• Tokyo Ohka Kogyo Co. Ltd.
• Adeka Corporation
• Sumika Chemical Analysis Service Ltd.
• Nippon Kayaku Co. Ltd.
• JNC Corporation
• Asahi Kasei Corporation
• Mitsui Chemicals Inc.
• Showa Denko K.K.
• Hitachi Chemical Company Ltd.
• Nitto Denko Corporation
Where Is the Electronic Wet Chemicals Market Growing Fastest Between 2025 and 2029?
Asia-Pacific was the largest region in the electronic wet chemicals market in 2024 and is also expected to be the fastest-growing region in the electronic wet chemicals market during the forecast period
