The size of the semiconductor chemicals market was about USD 12.5 billion in 2023, and it will power at a growth rate of 12.5% by the end of this decade, to touch a total value of USD 28.3 billion by 2030.
Furthermore, the progressing semiconductor technologies, for example complex designs, and the evolution to smaller nodes require the expansion of new chemicals, for meeting the needs for miniaturization, competence, and performance.
The rising requirement for cutting-edge technologies and products, such as 5G, autonomous automobiles, and AI, has formed a high demand for semiconductor components that can endure high temperatures and other extreme conditions.
APAC semiconductor chemicals market has a substantial position, and it will reach a value of over USD 6 billion by 2030. This is credited to the mounting automotive sector and the increasing production of semiconductors.
The requirement for semiconductors is one of the biggest trends, and because of it, the industry is rising at a substantial rate. This is because of their vital role of powering electronic appliances, for example smartphones, tablets, and laptops. Consequently, this trend is shaping the requirement for supreme chemicals that allow higher accuracy in the wafer fabrication process, augmented production, and cost-efficiency.
Due to the growing use of electronic devices all over the world, the demand for semiconductor chemicals is on the rise. This trend will continue in the years to come as well.
