The global market size of semiconductor chemicals was estimated to be USD 12.5 billion. billion by 2023, and it is expected to grow at a compound annual growth rate of by 2030, the rate of 12.5% over 2024 to 2030 should reach USD 28.3 billion.
This growth of the market can be credited to the increasing usage of electronic devices, such as smartphones, laptops, and IoT gadgets, which has, ultimately, propelled the making of semiconductors. This has generated a high demand for chemicals that are utilized in wafer fabrication procedures. Furthermore, the progressing semiconductor technologies, like complex designs, and the evolution to smaller nodes require the growth of new chemicals, in order to fulfill the needs for efficiency, miniaturization, and performance.
The APAC region holds a substantial position in the semiconductor chemicals industry, and the region is projected to reach a value of over USD 6.0 billion by 2030. This can be credited to the increasing automotive sector and the increasing output of semiconductors. Along with the growing semiconductor production, the increasing R&D in this area is a substantial driver. The industry is also rising due to the robust government aid for digitization and the existence of key companies. In APAC, China grips the foremost position, credited to the fast acceptance of progressive technologies.
The global semiconductor market is witnessing a major trend, driving substantial growth in the semiconductor chemicals market. This growth is attributed to the pivotal role of semiconductor chemicals in powering electronic devices like tablets, smartphones, and laptops.
The increasing demand for semiconductor chemicals is driven by the widespread adoption of modern technologies across various industries. These chemicals play a crucial role in manufacturing and advancing semiconductor components used in diverse sectors such as aerospace, automotive, and general manufacturing.
The conductivity and efficiency of semiconductors are determined by the dopants incorporated during production. Proper functioning of these devices requires processes like etching, cleaning, doping, polishing, servicing, and regular maintenance. There is a continuous effort to improve efficiency and functionality by employing new materials in wafer fabrication, with a significant emphasis on sustainability. These advancements align with the growing use of renewable energy, electric vehicles, the Internet of Things (IoT), and other environmentally friendly approaches to life.
The market for semiconductor chemicals is driven by the adoption of advanced digital technologies across industries.
