Electronic Chemicals Market

• In November 2023, Resonac, a Japanese chip manufacturer, is establishing an R&D center in Silicon Valley to tap into innovation, focus on advanced semiconductor packaging for AI and emerging technologies, and expand its global reach by better serving American customers and enhancing brand recognition. The center is set to open in 2025, complementing Resonac's existing facility in Japan. This move highlightss the growing importance of specialized chip packaging in the semiconductor industry.

• In September 2023, Resonac Corporation, a leading chemical company, and Matmerize Inc., an AI-powered materials science startup, announced a strategic partnership. This collaboration aims to revolutionize the development of new semiconductor materials for 6G technology.

• In January 2023, The Linde Plc has acquired the remaining (i.e., 77.2%) stake in nexAir, LLC, one of the largest independent packaged gas distributors in the United States.

• In December 2022, Fujifilm Corporation revealed an intention to build a new facility in South Korea to manufacture advanced semiconductor materials in order to grow the electronic materials industry. Modern evaluation tools and cutting-edge manufacturing capabilities will be available at the new facility, enabling the creation of goods with superior performance.

In this report, The Electronic Chemicals Market has been segmented by Product, Purity Level, Delivery Form, Application End-user and Geography.

Electronic Chemicals Market, Segmentation by Product

The Electronic Chemicals Market has been segmented by Product into Wafers, Gases, CMP, Photoresists, Wet chemicals and Others.

Wafers dominate with nearly 30–32% share, acting as the core substrate for semiconductor manufacturing. They are essential for ICs, memory devices, and processors, with growth supported by 5G technologies and cloud infrastructure.

Gases contribute about 20–22%, vital for etching, deposition, and cleaning processes. Their usage in semiconductor fabs and displays is expanding with advanced lithography and chip miniaturization.

CMP materials hold 15–17%, ensuring surface flatness, precision polishing, and defect control. Increasing complex circuit designs and multilayer integration boost demand.

Photoresists

Photoresists represent 12–14%, crucial for pattern transfer, microfabrication, and imaging accuracy. Their demand grows with EUV lithography and advanced electronics.

Wet Chemicals

Wet chemicals account for 10–12%, supporting cleaning, etching, and surface preparation. They are applied in semiconductors, solar cells, and displays, with growth from renewable energy.

Others

Others make up 8–10%, covering adhesives, coatings, and specialty materials. Applications in flexible devices and next-gen electronics show growth via material innovations.

Electronic Chemicals Market, Segmentation by Purity Level

The Electronic Chemicals Market has been segmented by Purity Level into 99% Purity and 99.5% Purity

99% Purity

The 99% purity segment holds roughly 55–60% of the market, widely used across legacy nodes, display fabs, and routine etch/clean processes. Its blend of cost efficiency and stable process results keeps it essential for mature semiconductor lines serving consumer and industrial electronics.

99.5% Purity

99.5% purity accounts for about 40–45% of demand, preferred where low defectivity and high yields are critical. It supports EUV lithography, 3D architectures, and advanced packaging, with growth tied to AI, 5G, and cloud-driven semiconductor capacity.

Electronic Chemicals Market, Segmentation by Delivery Form

The Electronic Chemicals Market has been segmented by Delivery Form into Liquid, Gas, Solid, Aqueous Solutions and Powdered Form

Liquid

Liquid delivery leads with about 34–36% share, covering wet etch/clean, plating chemistries, and CMP slurries. It supports high-yield manufacturing through tight contamination control and consistent bath performance across advanced nodes.

Gas

Gas forms account for roughly 28–30%, essential for CVD/ALD deposition, plasma etch, and in‑situ chamber clean. Demand rises with device miniaturization and stricter ultra‑high‑purity requirements at cutting‑edge fabs.

Solid

Solid delivery holds around 12–14%, including pelletized dopants, sputter targets, and solid precursors. It enables stable material throughput for metallization, diffusion, and specialty thin‑film steps.

Aqueous Solutions

Aqueous solutions represent nearly 10–12%, offering ready‑to‑use dilutions for wet benches and precise process control. They improve operator safety and cut variability in cleaning and surface prep.

Powdered Form

Powdered form contributes about 8–10%, supplying abrasive particles for CMP, ceramic precursors, and thick‑film materials. Growth is supported by advanced planarization needs and next‑gen packaging flows.

Electronic Chemicals Market, Segmentation by Application

The Electronic Chemicals Market has been segmented by Application into Semiconductors & IC, PCB and Others.

Semiconductors & IC

Semiconductors & IC applications dominate the market with nearly 65–68% share. They rely heavily on ultra-high-purity chemicals for etching, deposition, and cleaning in wafer fabrication. Rising demand for AI chips, memory, and processors continues to drive consumption in this segment.

PCB

Printed Circuit Boards (PCB) account for about 20–22%, using photoresists, plating solutions, and surface finishes. Increasing miniaturization in consumer electronics and IoT devices has accelerated the use of advanced PCB chemicals to meet higher performance standards.

Others

Other applications hold around 10–12%, spanning flat panel displays, LED manufacturing, and solar cells. Growth is driven by rising investments in renewable energy and display technologies that require specialized chemicals for precision processes.

Electronic Chemicals Market, Segmentation by End-user

The Electronic Chemicals Market has been segmented by End-user into Electronics, Semiconductor and Automotive

Electronics

The electronics segment accounts for nearly 40–42% of the market, driven by the rising demand for consumer gadgets, smart devices, and wearables. The use of high-purity electronic chemicals ensures performance, safety, and reliability in advanced electronic products.

Semiconductor

Semiconductors contribute around 45–47%, making it the largest segment. Increasing production of microchips, ICs, and memory devices fuels chemical consumption. Growing demand from data centers, cloud computing, and AI applications further boosts this segment.

Automotive

The automotive sector holds about 12–14%, with applications in EV batteries, sensors, and onboard electronics. The shift toward electric vehicles and autonomous systems is driving the use of advanced electronic chemicals for higher efficiency and safety.

Electronic Chemicals Market, Segmentation by Geography

In this report, The Electronic Chemicals Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

Electronic Chemicals Market Share (%), by Geographical Region

North America

North America accounts for nearly 25–27% of the electronic chemicals market, driven by strong demand from semiconductor fabrication, IC manufacturing, and R&D initiatives. The presence of leading tech companies further strengthens regional growth.

Europe

Europe holds around 20–22%, fueled by innovations in automotive electronics, renewable energy, and telecommunications. Strict regulations and sustainability-focused production methods enhance demand for advanced electronic chemicals.

Asia Pacific

Asia Pacific dominates with approximately 40–42% share, led by countries like China, Japan, and South Korea. Rapid growth in electronics manufacturing and semiconductor foundries makes it the fastest-expanding regional market.

Middle East & Africa

The Middle East & Africa contribute about 5–6%, with growing use of electronic chemicals in industrial automation, oil & gas electronics, and infrastructure projects. Emerging investments are expected to enhance regional opportunities.

Latin America

Latin America represents close to 6–7%, supported by rising adoption of consumer electronics, automotive applications, and IT infrastructure. Countries like Brazil and Mexico are emerging as key growth hubs in this region.

This report provides an in depth analysis of various factors that impact the dynamics of Global Electronic Chemicals Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.

Drivers, Restraints and Opportunity Analysis

Drivers :

• Technological advancements
• Consumer electronics demand

• Electric vehicles adoption - The adoption of electric vehicles (EVs) is rapidly transforming the automotive industry and significantly influencing related markets, including electronic chemicals. As governments and consumers increasingly prioritize sustainability and environmental concerns, the demand for EVs has surged, driven by advancements in battery technology, incentives for green transportation, and growing awareness of climate change. This shift towards electric mobility is fostering innovation across various sectors, including the development of new electronic components and materials tailored for EV applications.

  The rise in EV adoption is accelerating the need for high-performance batteries, which in turn drives demand for specific electronic chemicals used in battery production. Chemicals such as electrolytes, separators, and conductive additives are critical in ensuring the efficiency, safety, and longevity of EV batteries. Additionally, the increased focus on improving battery technology to extend range and reduce charging times necessitates ongoing research and development in electronic chemicals.

  Beyond batteries, the proliferation of electric vehicles also impacts other components and systems within EVs, such as power electronics, charging infrastructure, and thermal management systems. The production of power electronics, including inverters and converters, relies heavily on specialized electronic chemicals to enhance performance and reliability. Furthermore, the expansion of EV charging networks creates a demand for materials used in the construction of charging stations and related infrastructure.

Restraints :

• Stringent environmental regulations
• High production costs

• Supply chain disruptions - Supply chain disruptions in the global electronic chemicals market can significantly impact production and distribution. These disruptions can stem from various factors, including geopolitical tensions, natural disasters, pandemics, and logistical challenges. Such disruptions can lead to delays in the delivery of raw materials, increased production costs, and shortages of critical chemicals used in electronics manufacturing.

  Geopolitical tensions, such as trade conflicts or sanctions, can affect the availability and cost of essential raw materials. For instance, restrictions on the export of specific chemicals or materials from key producing countries can disrupt the supply chain, leading to delays and increased costs for manufacturers worldwide. Similarly, natural disasters like earthquakes, floods, or hurricanes can damage production facilities and disrupt transportation routes, further exacerbating supply chain issues.

  The COVID-19 pandemic highlighted the vulnerability of global supply chains, revealing how disruptions in one region can have cascading effects across the world. Lockdowns, factory closures, and transportation bottlenecks during the pandemic led to significant delays and shortages of electronic chemicals, affecting production schedules and increasing costs for companies.

  Logistical challenges, such as transportation bottlenecks and port congestion, also contribute to supply chain disruptions. The movement of electronic chemicals relies heavily on efficient logistics and transportation networks. Disruptions in these areas can lead to delays in shipping, increased lead times, and higher costs for obtaining and delivering chemicals.

Opportunities :

• Expansion of 5G technology
• Growth in electric vehicles market

• Advancements in renewable energy - Advancements in renewable energy are reshaping the global energy landscape and driving innovation across various sectors, including electronic chemicals. The transition towards renewable energy sources, such as solar, wind, and hydroelectric power, is propelled by the need for sustainable energy solutions and the reduction of greenhouse gas emissions.

  In the solar energy sector, significant progress in photovoltaic (PV) technology has led to the development of more efficient and cost-effective solar panels. This progress includes advancements in materials and coatings, which rely on specialized electronic chemicals. For instance, improvements in solar cell efficiency often involve the use of high-purity chemicals in the manufacturing of thin-film and multi-junction solar cells.

  Wind energy has also seen technological advancements, particularly in turbine design and materials. The production of advanced wind turbine blades and components requires high-performance resins and coatings, which are influenced by developments in electronic chemicals. These chemicals are essential for ensuring the durability and efficiency of wind energy systems.

  In addition to solar and wind energy, advancements in energy storage technologies, such as batteries and supercapacitors, are critical for integrating renewable energy into the grid. Innovations in battery technology, including solid-state batteries and improved electrolytes, drive the demand for electronic chemicals used in energy storage solutions. These chemicals play a crucial role in enhancing battery performance, safety, and lifespan.

Electronic Chemicals Market is witnessing heightened competition, as manufacturers implement advanced strategies to cater to semiconductor, display, and PCB industries. Nearly 47% of suppliers focus on collaboration with electronic component producers to strengthen supply reliability. Strategic partnerships, targeted merger activities, and continuous innovation in chemical formulations drive consistent growth across high-tech applications.

Market Structure and Concentration
The market demonstrates moderate concentration, with about 56% of share controlled by leading global chemical companies. Large players adopt integrated strategies spanning R&D, production, and distribution, while smaller firms specialize in niche, high-purity chemicals. This structure supports collaboration and targeted expansion, ensuring resilient growth in semiconductor and electronic material sectors.

Brand and Channel Strategies
Nearly 36% of revenue is generated from branded chemical grades marketed under strict quality strategies. Companies strengthen partnerships with device manufacturers and fabs to ensure supply continuity. Active collaboration with distributors and regional suppliers enhances reach, while customer-centric strategies reinforce growth by addressing stringent purity and performance demands.

Innovation Drivers and Technological Advancements
Around 44% of firms prioritize innovation in high-purity solvents, etchants, and deposition precursors. Technological advancements in chemical engineering enable miniaturization and improved chip performance. Strategic R&D collaboration with semiconductor companies aligns strategies to meet evolving process requirements, driving strong growth in advanced electronics manufacturing.

Regional Momentum and Expansion
Approximately 53% of demand arises from Asia-Pacific, driven by large-scale semiconductor production in China, South Korea, and Taiwan. North America and Europe emphasize innovation-led strategies and sustainable manufacturing practices. Regional partnerships with fabs and electronics hubs enhance collaboration, enabling strong expansion and competitive growth across global markets.

Future Outlook
The future outlook emphasizes sustainable chemical production, next-generation semiconductor processes, and supply chain resilience. Nearly 50% of industry participants align strategies with green chemistry initiatives and digitalized supply models. Continued collaboration, global partnerships, and rapid technological advancements will support innovation-driven growth, positioning electronic chemicals as essential enablers of digital transformation.

Key players in Electronic Chemicals Market include:

• BASF Electronic Chemicals
• Air Products & Chemicals
• Albemarle Corporation
• Air Liquide
• AZ Electronic Materials
• Merck KGaA
• Bayer AG
• Honeywell International
• Shin-Etsu Chemical
• Solvay
• Covestro
• Dow Chemical
• Sumitomo Chemical
• Hitachi Chemical
• Fujifilm Electronic Materials

In this report, the profile of each market player provides following information:

• Company Overview and Product Portfolio
• Market Share Analysis
• Key Developments
• Financial Overview
• Strategies
• Company SWOT Analysis