What Is The Definition Of The Global Semiconductor Chemical Market?
Semiconductor chemicals are specialized substances used in the fabrication of semiconductor devices, essential for processes like photolithography, etching, and deposition. They include photoresists, etchants, and dopants, which help in creating intricate patterns and altering electrical properties on semiconductor wafers. Their precise formulation and application are crucial for ensuring the performance and reliability of semiconductor components.
Semiconductor Chemical Global Market Report 2024 provides data on the global semiconductor chemical market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The semiconductor chemical market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Is The Market Size And Growth Rate Of The Global Semiconductor Chemical Market Projected?
The semiconductor chemical market has grown rapidly, increasing from $10.63 billion in 2023 to $11.95 billion in 2024 at a CAGR of 12.4%. Key factors include the growing adoption of cloud computing, advancements in renewable energy, increased semiconductor use in healthcare, higher demand for wearable devices, and the expansion of industrial automation. Projections indicate the market will grow to $19.16 billion in 2028, with a CAGR of 12.5%. This growth will be supported by rising demand for consumer electronics, IoT expansion, growth in automotive electronics, the development of data centers, and 5G network deployment. Trends include semiconductor technology advancements, AI and machine learning integration, the miniaturization of devices, development of quantum computing, and progress in display technology.
What Are The Primary Growth Drivers In The Semiconductor Chemical Market?
The increasing adoption of electric vehicles is driving the demand for semiconductor chemicals. EVs are gaining popularity due to their environmental benefits, lower operating costs, and advancements in battery technology. Semiconductor chemicals are crucial in manufacturing electronic components such as power management systems and battery controllers used in EVs. The International Energy Agency reported that over 10 million electric cars were sold globally in 2023, with a projected 35% increase in sales in the following year, fueling the growth of the semiconductor chemical market.
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What Is The Segmentation Of The Global Semiconductor Chemical Market?
The semiconductor chemical market covered in this report is segmented –
1) By Type: Acid And Base Chemicals, Adhesives, Solvents, High-Performance Polymers
2) By Application: Cleaning Chemicals, Etching Chemicals, Photoresist Chemical, Deposition Chemicals, Other Applications
3) By End-Users: Discrete Semiconductor, Integrated Circuits
What Emerging Trends Are Shaping The Semiconductor Chemical Market Landscape?
Companies in the semiconductor chemicals market are forming strategic partnerships to ensure robust chemical supply chains for chipmakers. For example, in July 2022, Lam Research Corp. and Entegris Inc. partnered with Gelest Inc. to provide semiconductor manufacturers with access to chemicals necessary for dry photoresist technology used in extreme ultraviolet (EUV) lithography, advancing the production of next-generation semiconductors.
What Is The Fastest Growing Region In The Semiconductor Chemical Market?
Asia-Pacific was the largest region in the semiconductor chemical market in 2023. 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.
